all of the following would be considered rebating except

The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. Obtain appropriate signatures on the application for insurance, help prevent adverse selection, and solicit business that will fall within the insurer's underwriting guidelines. B. Defamation. The regulation of the insurance industry primarily rest with. The cash value of a variable life policy is not guaranteed and fluctuates with the_________________ in which the premiums have been invested by the insurer. What is the purpose of a free-look period in insurance policies? Brand managers can use Twitter strategically to accomplish all of the following, except: A local coffee shop conducts a survey of area residents who enter each one of the coffee shops in the area and learns that 85% desire an organic, fair-trade option. D Collecting a lower premium than what's specified in a policy as a token of client appreciation. Within what time period after completing prelicensing education must an applicant file a certificate of education completion with the Commissioner? A nonresident producer is a producer who is domiciled and licensed as a resident producer in another state. How much energy is needed to move one electron through a potential difference of 1.0 102 volts, Includes procedures and techniques that are designed to protect a computer from intentional theft. C Rebating. What is the clause that describes the method of paying the death benefit in the event that the insured and beneficiary are both killed in the same accident? A C Mutual Company 60. Which of the following may obtain a producer's license, but may not sell, solicit, or negotiate a contract of insurance in Tennessee? 45 The insured knows that his financial state will worsen even more with upcoming medical expenses. In Connecticut, continuing education courses must be approved by the. A) An agent offers to share his commission with a policyholder, B) An agent offers tickets to a baseball game as an inducement to buy insurance, C) An agent uses misrepresentation to convince a person to cancel an existing policy and take a new policy from him, D) An agent offers the use of his lake house to person as an inducement to buy, Answer:C) An agent uses misrepresentation to convince a person to cancel an existing policy and take a new policy from him. Which of the following allows different operating systems to coexist on the same physical computer? The applicant must file a certificate of completion of the prelicensing courses taken to prove that the courses were not taken more than 12 months before the Commissioner received the application. His wife dies 10 years later. If an agent fails to obtain an applicant's signature on the application, the agent must An insurance contract that requires both the insured and the insurer meet certain conditions in order for the contract to be enforceable is (Example) When Y applied for insurance and paid the initial premium on August 14, he was issued a conditional receipt. A licensee must inform the Commissioner of a change of legal name or address within 30 days of the change. They could be sold for an amount greater than the current cash value, they involve insurance policies with large face amounts, they could be use for a key person coverage. Unintentional misspellings are not a misrepresentation. A Assigning different risk classifications to applicants based on gender identity Who can make a fully deductible contribution to a traditional IRA? The separate account under many annuities provides the annuitant with a dozen or more investment options ranging from "money market funds" to "growth stock funds" to "precious metal funds". A producer is helping a married couple determine the financial needs of their children in the event one or both should die prematurely. C Class C violation Because of this, the company charged him a higher rate for his insurance. If an injured worker has earned 40 quarters of coverage, the worker's status under Social Security disability is? D. Coercion and intimidation. May be structured to allow for specific additional amounts of insurance to be purchased at specific ages, dates, and events without proving insurability; however, the coverage is purchased at the insured's attained age and the maximum allowable purchase is specified in the base policy. To appoint a producer as it's agent, the appointing insurer must file a notice of appointment with the commissioner within how many days from the date the agency contract is executed? The policyowner of a Universal Life Policy may skip paying the premium and the policy will not lapse as long as.. A policy will pay the death benefit if the insured dies during the 20-year premium-paying period, and nothing if death occurs after the 20-year period. In return, the insurer promised to pay benefits in accordance with the terms of the contract. Each agent must pay a $5 appointment fee to the Commissioner. Business entity means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity. The least expensive first year premium payment is found in.. What determines the cash value of a variable life policy? A tax-sheltered annuity is a special tax-favored retirement plan available to. What reports include written and/or oral information regarding a consumer's credit, character, reputation, or habits collected by a reporting agency from employment records, credit reports, and other public sources? And any controversy between the insured or the insured's beneficiary and the insured that arises from the application for insurance of any policy issued a connection with the application, the producer is considered to be the agent and which of the following? All of the following would be considered rebating except. All riders that will cause the death benefit to increase? An insured has chosen joint and 2/3 survivor as the settlement option. The policyowner is entitled to policy loans. The policyowner of an adjustable life policy wants to increase the death benefit. The company is guilty of A policyowner who is also yeh insured wants to name her husband as the beneficiary of her life policy. Because she does not know what effect inflation may have on her retirement dollars, she would like a return that will equal the performance of the Standard and Poor's 500 index. Playing your favorite game, Roblox, on Chromebook is quite achievable, but many users are only familiar with the Play Store method. there is no provision in the insurance code that allows for a temporary licensed to be issued on behalf of a producer. All of the following would be considered rebating except: sharing commissions with other licensed and appointed agents. As a condition for renewal of their licenses, how many hours of continuing education required for all resident and nonresident insurance producers? The agent is guilty of Which policy provision allows this? A Stocks, securities, or bonds. If you insurance company makes a statement that it's policies are guaranteed by the existence of the Insurance Guaranty Association, that would be considered? B Coercion. C Listing the insurance companies the agency represents in a letter Whether an insurable interest exists between the individuals, An underwriter may obtain information on an applicant's hobbies, financial status, and habits by ordering a(n). How do you get to Motion settings on iPhone? Asked 11/28/2019 3:15:17 PM. A Adverse selection Asked 10/30/2021 2:23:39 PM. C Dividends from a mutual insurer. D Surplus lines. Time during which accumulated money is converted into an income stream. Which of the following is possible? C 7 C Defamation Paid cash to cover desk purchased on account. D A license to practice law. Up to 12 excess credit hours of CE may be carried over to the next review period. launchpad classlink nmusd; cantonese text to speech; 15 second tv commercial script examples Chinese Granite; Imported Granite; Chinese Marble; Imported Marble; China Slate & Sandstone; Quartz stone This is considered to be an unfair claim settlement practice Which of the following would be required to complete pre-licensing education? Rebates are allowed if it's in the best interest of the client. Which of the following is not a standard mounting dimension for an electric motor? What statement is true concerning buy-sell agreements? Insurers commonly require HIV testing; the insurer must abide by a variety of rules created by its respective state. What best describes what will happen? C Controlled business. Vscode No server install found in WSL, needs x64. The cinema hall is to far from my house.Ans: The cinema hall is too far from my house.(3). An agent who deliberately makes a malicious statement about another insurance company is guilty of an illegal trade practice called. This misstatement may result in? Coercion, for example, is when the bank won't give you an auto loan unless you agree to buy auto insurance from them. B 7 days baja fresh queso recipe; Tags . Nonforfeiture values guarantee which policyowner? Any person found guilty of a violation of the Insurance Code of this state may be subject to a civil fine of up to $1,000 for each violation, or up to $5,000 for willful violations (not to exceed $50,000). WINDOWPANE is the live-streaming app for sharing your life as it happens, without filters, editing, or anything fake. select one: Which set of characteristics will produce the smallest value for the estimated standard error? In this situation, a licensee would have to apply for a resident's license within 90 days. D B Nonresident Which road apply for the agent knows an applicant is going to cash in an old policy and use the funds to purchase new insurance? What term best describes this arrangement? Because of this, the company charged him a higher rate for his insurance. A It allows for up to 15 excess credit hours to be carried forward to the next reporting period. Heavy Cream is in Aisle A31 of the Dairy section in Walmart. 60 days. A The death protection component of Universal Life Insurance is always.. A return of Premium term life policy is written as what type of term coverage? B Twisting. An insured will be allowed to reactivate her lapsed life insurance policy if action is taken within a certain period of time, and proof of insurability is provided. Gender D A termination issued by the appointing insurer. This practice is considered? B Stock Company Each of the following statements may (or may not) describe one of these technical terms. Individuals covered under the policy receive a certificate of insurance, certificate holders may convert coverage to an individual policy without evidence of insurability, and amount of coverage is determined according to non discriminatory rules. What is the total, monetary penalty this producer can expect to receive? 1 to 50. Commissions are set by a schedule or negotiation between the producer and the insurance company. All of the following could be considered rebates if offered to an insured in the sale of insurance EXCEPT A Stocks, securities, or bonds. An applicant for a counselor's license must possess a reasonable understanding of the provisions, terms, and conditions of the type of insurance he/she wishes to counsel, as well as a reasonable understanding of the Michigan insurance code and possess a good business reputation and good moral character. D. A salaried employee who advertises and solicits insurance. Added 30 days ago|10/30/2021 2:46:29 PM. Earnings grow tax-deferred, contributions are not currently taxable, it can discriminate in benefits and selecting participants, For a retirement plan to be qualified, it must be designed for the benefit of. The agent is guilty of? Person entitled to exercise the rights and priveleges in the policy, Amount paid upon the death of the insured in a life insurance policy. B Legal, provided that the other insurers are paid royalties for the usage of their names All of the following would be considered rebating except. All of the following events will terminate a producer's certificate of appointment EXCEPT Any surplus money is returned to the policyholders as dividends. What term means a result of calculation based on the average number of months the insured is projected to live due to medical history and mortality factors? What policy would have an IRS required corridor or gap between the cash value and the death benefit? The producer could be found guilty of Explaining to client the advantages of permanent insurance over term and suggesting changing policies. D Cancelling individual coverage based on the insured's marital status. Who is personally liable for all contracts of insurance unlawfully made with in Tennessee on behalf of an unauthorized insurer? This is due to what provision? If a licensee fails to earn 24 hours of CE by the required review date, the license will be suspended for up to 90 days. There are just too many details and specifications which you must be certain of when looking for one. 1 to 75. A. The person or interest to whom the policy proceeds will be paid upon the death of the insured. A. Like a fixed annuity, EIA's have guaranteed minimum interest rates, also less risky than variable annuities, the insurance company also keeps a percentage of the returns. B An offer to share in commissions generated by the sale. C Twisting. B An offer to share in commissions generated by the sale. c) Dividends are not considered to be rebates. D A A good business reputation and good moral character. An insured misstates her age at the time the life insurance application is taken. C Dividends from a mutual insurer. The policyowner should have her husband named as the.. A couple owns a life insurance policy with a Children's Term rider. Why would removing a trade restriction, such as a tariff, lead to more rapid economic growth? An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. This plan would be funded with before-tax corporate dollars, and it does not meet government approval standards. Articles of merchandise with an invoice value of $5 or less for life insurance agents and $10 or less for property and casualty agents $10 or less are not considered rebates, and are allowed as gifts to insurance applicants or insured. An insured is diagnosed with cancer and needs help paying for her medical treatment, The annual dividend is retained by the company, the interest is credited at a rate specified by the policy, and the policyholder has the right to withdraw the accumulations at any time. Search for an answer or ask Weegy. Which of the following could be used when a corporation, association, partnership, or limited liability partnership acts as a producer? All the following could be considered rebates if offered to an insured in the sale of insurance except? If a policy has an automatic premium loan provision, what happens if the insured dies before the loan is paid back? Ultimately, the commissioner determined that there were a total of 25 separate violations. A In an annuity, the accumulated money is converted into a stream of income during what time period? He discovered that his policy.. Which insurance arrangement will be appropriate for a parent buying a life insurance policy on a child where the parent is the policyowner? An insured receives an annual life insurance dividend check. D All of the following are true regarding rebates EXCEPT: A) Rebating can be anything of economic value, given as an inducement to buy B) Rebates are always allowed C) Rebates are only allowed if specifically stated in the policy D) Dividends are not considered to be rebates Ownership is the difference between these two companies. When a whole life policy lapses or is surrendered prior to maturity, the cash value can be use to.. What is the minimum required age for an insurance producer in this state? At age 47, the insured decides to cancel his policy and exercise the extended term option for the policy's cash value, which is currently $20,000. What is this an example of? B Twisting An individual has been diagnosed with Alzheimer's disease. Whenever an individual stops drinking, the BAL will ________________. All of the following would be considered to be rebating EXCEPT? Updated 10/30/2021 2:46:29 PM. There are several types of whole life polices. An individual has been making periodic payments on an annuity. The insured applies this year's $300 worth of accumulated dividends to the next year's' premium, thus reducing it to $900. An insured purchases a policy in 2008 and died in 2013. All the following are true regarding rebates except? A Discrimination. If an insured withdraws a portion of the death benefit by the use of this rider, the benefit payable at death will be reduced by that amount plus.. This pays 2 or 3 times the face amount if death is the result of an accident as defined in the policy and occurs within 90 days of such an accident. Requires the entire premium to be paid in one limp sum at the policy's inception. An Insurer wants to begin underwriting procedures for an applicant. Rules of replacement apply to all of the following: An insurer must present a buyers guide and policy summary prior to accepting the applicant's initial premium, unless the policy contains an unconditional refund provision lasting at least how many days? What would be the right policy for this client? What is true about beneficiary designations? If a policy had an automatic premium loan provision, what happens if the insured dies before the loan is paid back? In which instance would the premium be tax deductible? Which of the following has not been taken to court for further interpretation? How are contributions to a tax-sheltered annuity treated with regards to taxation? Group life insurance is a single policy written to provide coverage to members of a group. Partners in a business enter into a buy-sell agreement to purchase life insurance, which states that should one of them die prematurely, the other would be financially able to buy the interest of the deceased partner. This answer has been confirmed as correct and helpful. Which of the following would NOT have a policy loans provision? A temporary producer license could be issued without examination to all the following EXCEPT? When an insurance agency published an advertising brochure, it emphasized the company's financial stability and sound business practices. B Materially misrepresents an insurance policy. Thanks for choosing us. How could she obtain an individual policy? What is the name of the insured who enters into a viatical settlement. A 40 year old man buys a whole life policy and names his wife as his only beneficiary. In most states, if death results from suicide within a certain period, the insurer is not obligated to pay the death benefit therefore.. M may perform all of the following duties EXCEPT. Upon receipt of notice of appointment, the commissioner must verify the insurance producer is eligible for appointment within how many days? When a persons only options for a contract are on a take it or leave it basis; prepared only by the insurer. What percentage of a company's employees must take part in a noncontributory group life plan? C 12 months In a direct rollover, how is the money transferred from one plan to the new one? Which life insurance settlement option guarantees payments for the lifetime of the recipient, but also specifies a guaranteed period, during which, if the original dies, the payments will continue to a designated beneficiary? What describes the tax advantage of a qualified retirement plan? B False advertising. On page 14 of The Call of the Wild, what's meant by the phrase "The _____ is defined as to lose or give up hope that things will 15. C Consists of completing 24 hours of CE each biennium.

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