webce test questions and Answers (2025) EXAM
QUESTIONS & CORRECT ANSWERS 100% SOLVED|
GUARANTEED SUCCESS!!
Terms in this set (256)
Agent Thompson received a 10 days
letter from the Department of
Insurance asking her to
provide proof of completing the
continuing education
requirements. Within how many
days must Agent Thompson
respond to the Department's
inquiry?
20
30
10
45
Abby lives in Ohio, where she She must show her Ohio license is in good standing
is licensed as an insurance
producer. She wants to apply
for a nonresident license in
Pennsylvania. Which of the
following conditions must she
satisfy?
She must move to Pennsylvania.
She must surrender her
Ohio license. She must be
sponsored by a producer
licensed in Pennsylvania.
She must show her Ohio license
is in good standing.
,The requirement that an using life insurance as a speculative interest on another person's life
insurable interest must exist
when life insurance is
purchased is intended to
prevent people from doing
which of the following?
using life insurance to fund
future cash needs
using life insurance as a
speculative investment on
another person's
life
overusing life insurance
designating an ineligible person
as the policy beneficiary
Which one of the following industrial life insurance
best describes a policy that
has a relatively low face
amount and has premiums that
are paid to an insurance agent
who generally calls on the
policyowner at home to collect
them?
group life
insurance
industrial life
insurance
ordinary term
insurance
ordinary whole life insurance
Sylvia's insurer guarantees a the policy's cash value
fixed death benefit for the
policy she owns. Based on this,
which one of the following
benefits is also most likely
guaranteed with this
policy?
the policy's cash value
,her ability to borrow an
interest-free loan from the cash
value
policy dividends
payment of premiums on
Sylvia's behalf in the event of
emergencies
Carl is a policyowner who The insurer divides the annual premium by 12 and then adds a modest
prefers to pay premiums charge
monthly rather than
annually.
How will Carl's insurance
company adjust his premium to
accommodate this request?
The insurer divides the annual
premium by 12 and then adds
a modest charge.
The insurer simply divides the
annual premium by 12.
The insurer divides the annual
premium by 12 and then
reduces the premium amount to
reflect the fact that premiums
will be paid throughout the
year.
The insurer divides the annual
premium by 12 and then adds a
modest charge in the
first policy year after which
premiums equal
the annual premium divided by 12.
, All of the following XXX Upon the insured employee's death, the employee's
statements about key person surviving family receives the policy benefit XXX
life insurance are correct,
EXCEPT:
The business applies for,
owns, and is the beneficiary of
the policy covering the life of
a key employee.
Upon the insured employee's
death, the employee's
surviving family receives the
policy's death benefit.
Key person, or key employee,
life insurance is an example of
third-party ownership.
Life insurance used as key
person life is
normally owned by the business
rather than the insured.
The activities a producer field underwriting
performs to
support the insurance company
in learning all it can about the
applicant when seeking
applications for insurance are
generally
called:
field underwriting
fiduciary process
agency
development
due diligence
How is increasing term life as a rider attached to a permanent insurance policy
insurance normally sold?
as an endorsement
as a permanent insurance policy
as a stand-alone term life
insurance policy as a rider
QUESTIONS & CORRECT ANSWERS 100% SOLVED|
GUARANTEED SUCCESS!!
Terms in this set (256)
Agent Thompson received a 10 days
letter from the Department of
Insurance asking her to
provide proof of completing the
continuing education
requirements. Within how many
days must Agent Thompson
respond to the Department's
inquiry?
20
30
10
45
Abby lives in Ohio, where she She must show her Ohio license is in good standing
is licensed as an insurance
producer. She wants to apply
for a nonresident license in
Pennsylvania. Which of the
following conditions must she
satisfy?
She must move to Pennsylvania.
She must surrender her
Ohio license. She must be
sponsored by a producer
licensed in Pennsylvania.
She must show her Ohio license
is in good standing.
,The requirement that an using life insurance as a speculative interest on another person's life
insurable interest must exist
when life insurance is
purchased is intended to
prevent people from doing
which of the following?
using life insurance to fund
future cash needs
using life insurance as a
speculative investment on
another person's
life
overusing life insurance
designating an ineligible person
as the policy beneficiary
Which one of the following industrial life insurance
best describes a policy that
has a relatively low face
amount and has premiums that
are paid to an insurance agent
who generally calls on the
policyowner at home to collect
them?
group life
insurance
industrial life
insurance
ordinary term
insurance
ordinary whole life insurance
Sylvia's insurer guarantees a the policy's cash value
fixed death benefit for the
policy she owns. Based on this,
which one of the following
benefits is also most likely
guaranteed with this
policy?
the policy's cash value
,her ability to borrow an
interest-free loan from the cash
value
policy dividends
payment of premiums on
Sylvia's behalf in the event of
emergencies
Carl is a policyowner who The insurer divides the annual premium by 12 and then adds a modest
prefers to pay premiums charge
monthly rather than
annually.
How will Carl's insurance
company adjust his premium to
accommodate this request?
The insurer divides the annual
premium by 12 and then adds
a modest charge.
The insurer simply divides the
annual premium by 12.
The insurer divides the annual
premium by 12 and then
reduces the premium amount to
reflect the fact that premiums
will be paid throughout the
year.
The insurer divides the annual
premium by 12 and then adds a
modest charge in the
first policy year after which
premiums equal
the annual premium divided by 12.
, All of the following XXX Upon the insured employee's death, the employee's
statements about key person surviving family receives the policy benefit XXX
life insurance are correct,
EXCEPT:
The business applies for,
owns, and is the beneficiary of
the policy covering the life of
a key employee.
Upon the insured employee's
death, the employee's
surviving family receives the
policy's death benefit.
Key person, or key employee,
life insurance is an example of
third-party ownership.
Life insurance used as key
person life is
normally owned by the business
rather than the insured.
The activities a producer field underwriting
performs to
support the insurance company
in learning all it can about the
applicant when seeking
applications for insurance are
generally
called:
field underwriting
fiduciary process
agency
development
due diligence
How is increasing term life as a rider attached to a permanent insurance policy
insurance normally sold?
as an endorsement
as a permanent insurance policy
as a stand-alone term life
insurance policy as a rider
