Answers
Accelerated Benefits
Riders attached to life insurance policies which allow death benefits to be used to cover nursing or
convalescent home expenses
Whole Life Insurance
Insurance that is kept in force for a person's entire life and pays a benefit upon the persons death,
whenever that may be.
Accidental Death Benefits
A policy rider that states that the cause of death will be analyzed to determine if it complies with the
policy description of accidental death.
Warranty
A material stipulation in the policy that if betrayed may void coverage.
Waiver of Premium
Continuation of life insurance coverage if the insured becomes totally disabled Nd j Greer
domestic insurer are examined by the Commissioner
5 yrs
amount of time an insurer has to respond to Commissioner regarding a complaint
15 days
amount of time for applicant to demand hearing
10 days
amount of time the commissioner has to hold a hearing after receipt of application
30 days
amount of time within which a hearing must be held for denial, suspension or revocation of a license
20 days
age to apply for license
18 yrs old
temporary license period
180 days
file notice of producer appointment
15 days