Aflifefinsurancefpolicy'sfadvertisingfmaterialfMUSTfcontainfallfofftheffollo
wingfinformationfEXCEPTf-
fCORRECTfANSWER✔Producer'sfcommission
Whichfoffthesefisfconsideredftofbefafdocumentfthatfdescribesfthefcriticalfseg
mentsfoffaflifefinsurancefpolicy?f-
fCORRECTfANSWER✔Policyfsummary
WhichfoffthesefisfNOTfanfUnfairfClaimsfSettlementfPractice?f-
fCORRECTfANSWER✔Offeringftofsettlefafclaimfbyfarbitration
Kathy'sfannuityfisfcurrentlyfexperiencingftax-
deferredfgrowthfuntilfshefretires.fWhichfphasefisfthisfannuityfin?f-
fCORRECTfANSWER✔Accumulation fperiod
WhichfofftheffollowingfisfNOTfafvalidfreasonfforfanfinsurerftofcontestfaflifef
insurancefpolicyfduringfthefpolicy'sffirstftwofyearsfoffexistence?f-
fCORRECTfANSWER✔Misstatementfoffage
Eachfinsurerfissuingfcreditflifeforfcreditfaccidentfandfhealthfinsurancefshallf
filefitsfratesfwithfthef-fCORRECTfANSWER✔Departmentfoffinsurance
Anfattendingfphysician'sfstatementfwouldfbefappropriatefforfwhichflifefinsu
rancefpurpose?f-
, CORRECTfANSWER✔Atfthefrequestfoffthefinsurerftofassistfinfthefunder
f
writingfdecision
AfceasefandfdesistforderfissuedfbyfthefCommissionerfagainstfafproducerf-
fCORRECTfANSWER✔Prohibitsfafspecific fpracticeflistedfinftheforder
Whatfisfthefprimaryfreasonfforfbuyingfanfannuityf-
fCORRECTfANSWER✔Provideffuturefeconomicfsecurity
Whichfofftheffollowingfisfconsideredftofbefafprohibitedfinsurancefpractice?
f-fCORRECTfANSWER✔Failing ftofsubmitfpremiumsftofthefinsurer
Whofisfrequiredftofnotifyfthefproducerfinfthefeventfoffappointmentfterminati
on?f-fCORRECTfANSWER✔insurer
Whichfcontractfelementfisfinsurablefinterestfafcomponentfof?f-
fCORRECTfANSWER✔legalfpurpose
WhichfofftheffollowingfisfNOTfpartfoffanfinsurancefcontract?f-
fCORRECTfANSWER✔CertificatefAuthority
Whenfusingfillustrationsfinfthefsalefoffaflifefinsurancefpolicy,fproducersfand
finsurancefcompaniesfarefrequiredftof-
fCORRECTfANSWER✔Usefanfillustrationfthatfshowsfbothfguaranteedfa
ndfnon-guaranteedfelements