Study guides, Class notes & Summaries

Who elects the governing body of a mutual insurance company? - correct answer policyholders What year was the McCarran-Ferguson Act enacted? - correct answer 1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: - correct answer a fraternal benefit society The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: - corr...

GA Life Insurance Exam Questions And Answers With Latest Quiz GA Life Insurance Exam Questions And Answers With Latest Quiz

GA LIFE INSURANCE EXAM ACTUAL UPDATED 2024 100+ QUESTIONS AND ANSWERS 100% PASS

GA LIFE INSURANCE EXAM ACTUAL UPDATED 2024 100+ QUESTIONS AND ANSWERS 100% PASS

GA Life Insurance Exam Already Rated A+ Who elects the governing body of a mutual insurance company? ️policyholders What year was the McCarran-Ferguson Act enacted? ️1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: ️a fraternal benefit society The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: ️re...

Who elects the governing body of a mutual insurance company? - Answer-policyholders What year was the McCarran-Ferguson Act enacted? - Answer-1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: - Answer-a fraternal benefit society The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: - Answer-reserves What is the nam...

An insurance producer selling a Variable Annuity whose cash value depends on the performance of an underlying investment account must be registered with: - correct answer The Financial Industry Regulatory Authority (FINRA, formerly the NASD) A life insurance policy whose cash value will fluctuate depending upon the performance of a separate account is: - correct answer Variable Life John Livingston owns a 30-Pay Life policy that he purchased at the age of 30. The cash value will equal the ...

An individual wishes to purchase whole life Insurance but does not wish to pay premiums past retirement age. Which of the following policies should the person buy? - correct answer Limited pay In addition to the Insurance Department, who has the authority to regulate variable life insurance? - correct answer Securities Exchange Commission Rules and regulations made by the Commissioner of Insurance must be approved by the - correct answer Georgia Attorney General Which of the following h...

Who elects the governing body of a mutual insurance company? - correct answer policyholders What year was the McCarran-Ferguson Act enacted? - correct answer 1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: - correct answer a fraternal benefit society The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: - corr...

GA Life/Health Insurance Exam