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Which of the following represents a syndicate of underwriters that specialize in Insuring specific types of risk?
Rob, Joe, and Mike are brothers who have a $60,000 "first-to-die" Joint life policy covering all three of their lives. If Joe dies first, the policy proceeds
What is an Insurer's liability when it Is discovered after an Insured dies that the Insured's age on the policy was misstated?
If an Insured under a life insurance policy dies with an outstanding loan balance then the death benefit
will
Which of the following policies allows the policyowner to change two policy features?
An insured has a 5-year Renewable Term Life Insurance Policy. Upon exercising the renewable privilege, the Insured MUST
Insurance agents have duties and responsibilities to the insured and the insurer. Which of the following responsibilities does an agent owe the insured during the policy year?
Which of the following statements BEST describes a single premium cash value policy?
Survivorship life insurance policies are useful in estate planning because they
An annuitant dies during the accumulation period. What happens to the cash value in the annuity?
Which of the following is a life insurance contract written on the life of an individual?
An insured has chosen to receive the payout from her husband's life insurance policy so that she will receive an Income for the next 10 years. At the end of that time, the entire proceeds from the policy will have been paid out. The insured has selected which option?
To avoid tax consequences, a rollover from a Traditional IRA to another IRA MUST be done within
Deliberate withholding of material facts that would affect the validity of an Insurance policy or a claim under the policy Is known as
In Ohio, an agent must be appointed by the Insurer within how many days from the date the agency contract Is executed, or the first Insurance application Is submitted?
Which rider would allow additional insurance to be purchased at specified dates or events, without additional underwriting?
Kelvin is receiving tax deferred growth until retirement. In what phase would Kelvin's annuity be?
TESTED 29 Jun 2025