Final Exam - North Carolina Life and Health / Real Exam Questions with
Correct Answers, A+ Score Solutions All Questions and Correct Answers |
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Which of the following Dividend Accumulation at interest
options results in taxable income
to the
policyowner?
To be licensed as an accident and Have successfully completed at least 20 hours of instruction approved
health insurance agent in North by the Commissioner of Insurance
Carolina, the
applicant MUST
Viatical settlements between a Viatical settlement broker
policyowner and a viatical
settlement provider are
negotiated through a(n)
Which of these types of policies may Decreasing term
NOT have the Automatic Premium
Loan
provision attached to it?
At what point does an informal When one party makes an offer and the other party accepts that offer
contract become binding?
Essential Benefits without Through the Federal Marketplace
annual and lifetime limits are
required on any health policy
purchased
From what authority derives the Fair Credit Reporting Act
requirement that an insurance
application contains a disclosure
stating that an investigative
consumer report may be
obtained on an applicant?
A long-term care rider in a life Inability of the insured to perform more than 2 Activities of Daily Living (ADL's)
insurance policy pays a daily
benefit in the event of which of
the following?
,P is a forty year old woman and An immediate annuity
would like to purchase an annuity
that will provide a lifetime
income stream beginning at age
sixty. Which of the following did
she NOT buy?
A 15-year mortgage is best 15-year decreasing term
protected by what kind of life
policy?
Which of the following statements is It varies according to the contracts
CORRECT about the period in which
a Term Policy can be converted?
Which of the following statements The income from the TSA is received income tax-free
regarding a Tax Sheltered Annuity
(TSA) is INCORRECT?
The purpose of the Insurance Ensure that claims filed against insolvent insurance companies will be paid
Guaranty Fund is to
Which of the following types of Major Medical Policy
health coverage frequently uses a
deductible?
What type of policy would only Dread disease insurance
provide coverage for specific
types of illnesses
(cancer, stroke, etc)?
, T has a term policy that allows Renewable
him to continue the coverage
after expiration of the initial
policy period. What type of term
coverage is this?
Approved premium rates for group 12
health insurance shall be
guaranteed by the
insurer for an initial period of not
LESS than how many months?
A policy loan is made possible by Cash value provision
which of these life insurance
policy features?
If after satisfactory proof of loss, an 30
insurer fails or refuses to pay death
proceeds, the insurer must pay
interest on the proceeds after how
many days?
How does a typical Variable Life Through mutual funds, stocks, bonds
Policy investment account grow?
The automatic premium loan avoid a policy lapse
provision is designed to
Which type of life insurance Irrevocable beneficiary
beneficiary
requires his/her consent when a
change of beneficiary is attempted
by the
policyowner?
Companies in North Carolina may Licensed agents
transact solicitations for insurance
ONLY through
The Rules Governing Life Exchanging an existing policy for a new policy
Insurance and Annuity
Replacements define replacement
as
Correct Answers, A+ Score Solutions All Questions and Correct Answers |
Verified Answers | Just Released | Newest Version
Which of the following Dividend Accumulation at interest
options results in taxable income
to the
policyowner?
To be licensed as an accident and Have successfully completed at least 20 hours of instruction approved
health insurance agent in North by the Commissioner of Insurance
Carolina, the
applicant MUST
Viatical settlements between a Viatical settlement broker
policyowner and a viatical
settlement provider are
negotiated through a(n)
Which of these types of policies may Decreasing term
NOT have the Automatic Premium
Loan
provision attached to it?
At what point does an informal When one party makes an offer and the other party accepts that offer
contract become binding?
Essential Benefits without Through the Federal Marketplace
annual and lifetime limits are
required on any health policy
purchased
From what authority derives the Fair Credit Reporting Act
requirement that an insurance
application contains a disclosure
stating that an investigative
consumer report may be
obtained on an applicant?
A long-term care rider in a life Inability of the insured to perform more than 2 Activities of Daily Living (ADL's)
insurance policy pays a daily
benefit in the event of which of
the following?
,P is a forty year old woman and An immediate annuity
would like to purchase an annuity
that will provide a lifetime
income stream beginning at age
sixty. Which of the following did
she NOT buy?
A 15-year mortgage is best 15-year decreasing term
protected by what kind of life
policy?
Which of the following statements is It varies according to the contracts
CORRECT about the period in which
a Term Policy can be converted?
Which of the following statements The income from the TSA is received income tax-free
regarding a Tax Sheltered Annuity
(TSA) is INCORRECT?
The purpose of the Insurance Ensure that claims filed against insolvent insurance companies will be paid
Guaranty Fund is to
Which of the following types of Major Medical Policy
health coverage frequently uses a
deductible?
What type of policy would only Dread disease insurance
provide coverage for specific
types of illnesses
(cancer, stroke, etc)?
, T has a term policy that allows Renewable
him to continue the coverage
after expiration of the initial
policy period. What type of term
coverage is this?
Approved premium rates for group 12
health insurance shall be
guaranteed by the
insurer for an initial period of not
LESS than how many months?
A policy loan is made possible by Cash value provision
which of these life insurance
policy features?
If after satisfactory proof of loss, an 30
insurer fails or refuses to pay death
proceeds, the insurer must pay
interest on the proceeds after how
many days?
How does a typical Variable Life Through mutual funds, stocks, bonds
Policy investment account grow?
The automatic premium loan avoid a policy lapse
provision is designed to
Which type of life insurance Irrevocable beneficiary
beneficiary
requires his/her consent when a
change of beneficiary is attempted
by the
policyowner?
Companies in North Carolina may Licensed agents
transact solicitations for insurance
ONLY through
The Rules Governing Life Exchanging an existing policy for a new policy
Insurance and Annuity
Replacements define replacement
as
