Alabama Life and Health Insurance Final Exam Practice Questions
1. The minimum extra time before paying for a growth security tactics convinced in Alabama is ANS 30 days
2.Alabama's annuity revelation requirement ANS Requires the transmittal of a patron's guide and a announcement docum
ent to fee candidate
3. An insurer
pays a big claim for healing expenses after the safeguarded has only created individual premium fee. This is an instance
of an ANS Aleatory contract
4. Which of the following is NOT assured by a whole growth tactics? ANS procedure profits
5. Any individual who has abandoned two Alabama protection licensing examina- tions must wait by virtue of
what long before retaking it a triennial period? ANS 3 months
6. When an property is chosen heir to a growth protection policy, the procedure revenue are ANS delivered in accordance
with state standard
7. Which of the following declarations having to do with a history security tactics is TRUE?
ANS an issued procedure can never be exchanged by a builder
8.
Julio, the protection builder, has admitted welcome license to lapse. He would like to revive welcome licenses outside reta
king a pre license course or passing a written test. To do this, Julio must renew the license inside months
from the recurrence date. ANS 12 months
9. Janet is elderly and revere install a lump-
total of services through an protection company. Which output hopeful best adapted for this? ANS fee
10. Tina has an protection tactics accompanying a 10-era free look supplying. Which of these reports is correct? ANS
Her policy maybe restored for 100% refund of the premium inside 10 days from the date the tactics is brought
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, 11. A collateral appointment admits a procedure proprietor to assign ANS A portion of the tactics profit to the one who
receives
12. A authorized Alabama security builder would NOT be discipline for
one Commissioner of Insurance for ANS Being condemned of a offense
13. What is a defined benefit plan? ANS a individual retirement
account that promises a particularized benefit to the attendant at retreat
14. Which of these is NOT deliberate a form of notice in Alabama?
ANS A builder shipping a Christmas sheet to a customer
15. Buying land with the forethought of it climb in profit is an instance of ANS Speculative risk
16. If an individual would like to auction protection for an protection party , he/she must
A. Have gived united states of america exam for foul line of expert at which point licensure is wanted
B. Be authorized as an security builder
C. Be named by an insurer
D. All of these ANS D. All of these
17. Paula has an security tactics that has a guaranteed minimum cash profit, a approved survivor
benefit, established premiums, ad evolves at a rate mirrored by
a picked fund index. Which type of history procedure fits this writing? ANS Equity indexed existence
18. Insurance tactics circulated by associations that are possessed by stockholders and do not pay tactics profits are pop
ular as ANS non-performing policies
19. Albert surrenders welcome whole history procedure ten age subsequently it was bought. What can he anticipate?
ANS to pay taxes on the cash worth as well premium rewarded
20. In Alabama, an insurer who violates state societies for the fee of in- surance commissions concede
2/7
1. The minimum extra time before paying for a growth security tactics convinced in Alabama is ANS 30 days
2.Alabama's annuity revelation requirement ANS Requires the transmittal of a patron's guide and a announcement docum
ent to fee candidate
3. An insurer
pays a big claim for healing expenses after the safeguarded has only created individual premium fee. This is an instance
of an ANS Aleatory contract
4. Which of the following is NOT assured by a whole growth tactics? ANS procedure profits
5. Any individual who has abandoned two Alabama protection licensing examina- tions must wait by virtue of
what long before retaking it a triennial period? ANS 3 months
6. When an property is chosen heir to a growth protection policy, the procedure revenue are ANS delivered in accordance
with state standard
7. Which of the following declarations having to do with a history security tactics is TRUE?
ANS an issued procedure can never be exchanged by a builder
8.
Julio, the protection builder, has admitted welcome license to lapse. He would like to revive welcome licenses outside reta
king a pre license course or passing a written test. To do this, Julio must renew the license inside months
from the recurrence date. ANS 12 months
9. Janet is elderly and revere install a lump-
total of services through an protection company. Which output hopeful best adapted for this? ANS fee
10. Tina has an protection tactics accompanying a 10-era free look supplying. Which of these reports is correct? ANS
Her policy maybe restored for 100% refund of the premium inside 10 days from the date the tactics is brought
1/7
, 11. A collateral appointment admits a procedure proprietor to assign ANS A portion of the tactics profit to the one who
receives
12. A authorized Alabama security builder would NOT be discipline for
one Commissioner of Insurance for ANS Being condemned of a offense
13. What is a defined benefit plan? ANS a individual retirement
account that promises a particularized benefit to the attendant at retreat
14. Which of these is NOT deliberate a form of notice in Alabama?
ANS A builder shipping a Christmas sheet to a customer
15. Buying land with the forethought of it climb in profit is an instance of ANS Speculative risk
16. If an individual would like to auction protection for an protection party , he/she must
A. Have gived united states of america exam for foul line of expert at which point licensure is wanted
B. Be authorized as an security builder
C. Be named by an insurer
D. All of these ANS D. All of these
17. Paula has an security tactics that has a guaranteed minimum cash profit, a approved survivor
benefit, established premiums, ad evolves at a rate mirrored by
a picked fund index. Which type of history procedure fits this writing? ANS Equity indexed existence
18. Insurance tactics circulated by associations that are possessed by stockholders and do not pay tactics profits are pop
ular as ANS non-performing policies
19. Albert surrenders welcome whole history procedure ten age subsequently it was bought. What can he anticipate?
ANS to pay taxes on the cash worth as well premium rewarded
20. In Alabama, an insurer who violates state societies for the fee of in- surance commissions concede
2/7
