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When vehicles are not authorized to be operated on the flightline? - Answer- All of the above What is the maximum amount of vehicles you are allowed to escort on the flight mine at one time? - Answer- Three How fast can you drive on the flight line when is ability is 900 feet or less? - Answer- 10 mph/16 km Which organization issues your flight line AF form 483? - Answer- Airfield management All operators that drive on the flight line are required to have what documents in their vehi...

The commissioner is appointed by _____ and confirmed by ______ - Answer- Appointed by the governor, confirmed by the State Senate (p3) Does the Commissioner have the power to create insurance laws? - Answer- No (3) The commissioner issues Certificates of Authorities to whom? A) producer B) agent C) insurance companies D) A nonresident agent - Answer- C) insurance companies (3) Insurance laws are designed to protect who? A) insurance companies B) the public C) property D) Business...

A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be correct? - Answer- 20-Pay Life accumulates cash value faster than Straight Life A variable insurance policy: - Answer- does not guarantee a return on its investment accounts A Renewable Term Policy is renewable at the option of the: - Answer- Insured Which of these types of life i...

The fee paid by the insured in exchange for an insurance policy is called a: - Answer- premium. Bobby just purchased an insurance policy for his home from XYZ Insurance. Which of the following would be a reason this policy may not be legally binding? A. Bobby is only 19 years old. B. Bobby paid his first premium when he and his agent agreed on a policy, but he is waiting for the policy documents to be prepared so he can sign them. C. Bobby has an outstanding warrant for selling marijuana. ...

A whole life insurance policyownet foes not wish to continue making premium payments. Which of the following enables the policyowner to call the policy for more than its cash value? - Answer- Life-Settlement Contract P owns a 25,000 Life policy that pays the face amount to him if he lives to age 70, or to his beneficiary if he dies before age 70. What kind of policy does P own? - Answer- Endowment at Age 70 Which type of life policy contains a monthly mortality charge as well as self-direc...

H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - Answer- C: relation of earning to insurance The insured should be aware of the issue date upon delivery a policy and the date should be listed on: A: th...

Who is protected with the "other insurance with this insurer" provision? - Answer- Insurance company A nonparticipating whole life insurance policy was surrendered for its $20,000 cash value. The total premiums paid had totaled $16,000. What were the federal income tax consequences to the policyowner on receipt of the cash value? - Answer- $16,000 was received tax-free and $4,000 as ordinary income After the extended term life nonforfeiture option is chosen, the available insurance will ...

Jeff is a licensed insurance agent in both New York and Florida. He is was charged with embezzlement in New York, and pleaded guilty to the charge on March 1. He must notify the Florida Department of Financial Services of the charge within how many days? - Answer- 30 To be eligible for payments under a life insurance policy's long-term care rider, the insured must be certified as unable to perform which of the following? At least two activities of daily living for how many days? - Answer- 90...

Irrevocable beneficiary - Answer- What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? Anytime - Answer- When can a policy-owner change a revocable beneficiary? Daughter - Answer- K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary. Under the Common Disaster clause, if K and her husband are both killed in an automobile accident, where would the death proceeds be directed? 0 - Answer- ...

The federal income tax treatment of employer-provided group Medical Expense insurance can be accurately described as: - Answer- Employee's premiums by the employer is deductible to the employer as a business expenditure. What is Medicare? - Answer- A hospital and medical expense insurance program K failed to pay a renewal premium within the time granted by the insurer (Grace period). K then sends in a payment which the insurer subsequently accepts. Which policy provision specifies that co...

J has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd birthday and realizes that she wants to use her rider and buy more death benefit. Which of the following will apply to J's request? A: The insurer will allow J to add more insurance without proving insurability. B: The insurer will allow J to add more insurance pending a paramedical exam. C: The insurer will deny J's request to add more insurance. D: The insurer will allow J to add more coverage pe...

Which of these describe a participating life insurance policy? - Answer- Policy owners are entitle to receive dividends The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to it's policyholders is called: - Answer- Reserves Which of the following requires insurers to disclose when an applicants consumer or credit history is being investigated: - Answer- 1970 - Fair Credit Reporting Act What year was the McCarran-Ferguson ...

Which of the following statements about Health Reimbursement Arrangements (HRA) is correct? - Answer- If the employee paid for qualified medical expenses, the reimbursements may be tax free. Which parts of a health insurance policy are guaranteed to be true? - Answer- warranty What is usually excluded from medical expense policies? - Answer- Intentionally self-inflicted injuries insurable interest only needs to exist at the time of application. - Answer- F Blue Cross/Blue Shield - An...

What is insurance? - Answer- Insurance transfers the risk of loss from an individual or business to an insurance company, which in turn spreads the cost of unexpected losses to many individuals what are the 4 elements of an insurance contract? - Answer- Agreement - offer and acceptance, consideration, competent parties and legal purpose what is consideration? - Answer- Consideration is something of value that each party gives to the other. Insured pays premium Insurer promises to pay in...

What is the purpose of settlement options? - Answer- They determine how death proceeds will be paid. The minimum interest rate on an equity indexed annuity is often based on - Answer- An index like Standard & Poor's 500. The death benefit is $0 at the end of the policy term. The contract pays only in the event of death during the term and there is no cash value. The face amount steadily declines throughout the duration of the contract. - Answer- decreasing term policy What may last f...

What is the maximum amount the commissioner can fine an insurer for each violation of a cease-and-desist order? - Answer- $10,000 When appropriate the commissioner reports a violation of insurance law to - Answer- The district attorney A company that has not been authorized to operate in Colorado is known as - Answer- A nonadmitted insurer An insurer that terminates the producers appointment must inform the commissioner within how many days? - Answer- 30 All of the following are duti...

Disaster Drills to be conducted - Answer- At least every 6 months Licensing will conduct a follow-up inspection of a facility for which a license was issued within ____ days. - Answer- 90 Days Who can change a label on a prescribed medication? - Answer- The dispensing pharmacist Centrally stored medication records must be maintained for how long? - Answer- 1 year An Administrator shall be a least ______ years old. - Answer- 21 An Administrator must pass a written test administered...

How is assessment information collected? - Answer- record review, interview, Observations, test (R.I.O.T) interview - Answer- an assessment method involving a conversation between two or more people where questions are asked by the interviewer to elicit facts or statements from the interviewee. Differentiated instruction - Answer- a process that involves matching the content and instructional approach to individual students' learning needs in order to accelerate the learning of all studen...

During which stage of the product life cycle does a company seek to build selective distribution? - Answer- decline phase Advertising appeals should be: - Answer- meaningful, believable, distinctive ___ identifies channels, coverage and assortments in the marketing mix. - Answer- Place The difference between the values the customer gains from owning and using a product and the costs of obtaining the product - Answer- customer value It is estimated that 80% of new consumer packaged go...

intangibility inseparability variability perishability - Answer- Nature and characteristic of a service Product Price Promotion Place - Answer- What are the 4 Kotler's Market Strategies? Intensity of Competitive Rivalry Threat of New Entrants Threat of Substitute Bargaining Power of Customers Bargaining Power of Suppliers - Answer- What are Porter's 5 forces? Conceive Plan Develop Qualify Launch Deliver Retire - Answer- What are the 7 phases of PLC? Conceive Plan ...