Morren

INSURANCE CH. 4 - TYPES OF LIFE INSURANCE POLICIES QUESTIONS WITH VERIFIED ANSWERS [ GRADED A+] face amount - amount of the death benefit term life insurance - only offer death benefit and remain in force for a specified period of time level term policy - equals face amount throughout the term of coverage . premium also remains level during term. ©morren2024/2025.Year published 2024.

INSURANCE - CH. 3 BASICS OF LIFE INSURANCE QUIZ WITH VERIFIED ANSWERS [ GRADED A+] third-party ownership - refers to a situation where the owner of a life insurance policy is someone other than the insured insurable interest - the person applying for the policy must be at risk of suffering a significant loss if the insured dies loss may be - - emotional, based on love and affection - economic, ©morren2024/2025.Year published 2024.

INSURANCE - CH. 2 UNDERWRITING QUIZ WITH CORRECT ANSWERS [ GRADED A+] underwriting - process of evaluating a risk to determine if it is acceptable based on established insurance company guidelines changes in application - must be initialed by the applicant backdating - up to six months must sign application if the applicant is not the insured - proposed insured must sign a corporation owned policy - company officer signs juvenile policy for minor - parent or legal guardian ...

INSURANCE - CH. 1 DEFINITIONS QUESTIONS WITH VERIFIED ANSWERS [ GRADED A+] Insurance - contract that transfers the risk of financial loss from an individual or business to an insurer Risk - uncertainty about whether a loss will occur Why does life insurance include risk even though death is absolute? - the timing of that loss is uncertain ©morren2024/2025.Year published 2024.

AHIP FINAL EXAM QUESTIONS WITH COMPLETE ANSWERS [ GUARANTEED A+] Mrs. Shields is covered by Original Medicare. She sustained a hip fracture and is being successfully treated for that condition. However, she and her physicians feel that after her lengthy hospital stay, she will need a month or two of nursing and rehabilitative care. What should you tell them about Original Medicare's coverage of care in a skilled nursing facility? - Medicare will cover Mrs. Shield's skilled ...

PRIMERICA LICENSING QUESTIONS WITH 100% CORRECT ANSWERS [ GRADED A+] The commissioner is required to examine every domestic insurer and every licensed rate service organization every _________ - 5 years In addition to any other forfeiture imposed, any person who violates an effective order may be required to pay ______________ - twice the amount of any profit gained from the violation ©morren2024/2025.Year published 2024. General duties and powers of the insurance commissioner...

WISCONSIN LIFE INSURANCE STATE EXAM SIMULATOR WITH COMPLETE QUESTIONS AND VERIFIED ANSWERS [ GRADED A+] What is the nonforfeiture value of an annuity before annuitization? - All premiums paid, plus interest, minus any withdrawals and surrender charges A life insurance company has transferred some of its risk to another insurer. The insurer assuming the risk is called the - reinsurer ©morren2024/2025.Year published 2024.

WISCONSIN LIFE INSURANCE STATE QUIZ WITH VERIFIED ANSWERS [ GUARANTEED A+] Question 1. An intermediary sold a life insurance policy but did NOT provide the applicant with a basic illustration. In this situation, the insurer is REQUIRED to provide the applicant with a policy summary no later than the - Policy Delivery Date Question 2. Which of these situations would NOT potentially involve a prison sentence under the Federal Law? - Selling insurance with a nonresident license ...

FIRST 12-UNIT QUIZ WITH ANSWERS FOR BEFO [ GUARANTEED A+] (Chapter 1) The fire service uses an organizational structure based on rank. - True (Chapter 1) Staff personnel deliver emergency services directly to external customers. - False (Chapter 1) Term for guide to decision making in an organization. - Policy (Chapter 1) Term for a set of principles developed through consensus. - Standard (Chapter 1) Term for detailed plan of step-by-step action for conducting policy. - Proc...

BEFO FINAL EXAM QUESTIONS WITH VERIFIED ANSWERS [ GRADED A+] Each employee reporting to just one supervisor, who in turn moves up the chain of command, is an example of: a) span of control b) unity of command c) division of labor d) discipline - b) unity of command Which statement about atypically stressful events is accurate? a) Fire department supervisors must be trained to provide counseling to individuals who experience atypically stressful events b) Officers should mon...