All of these are considered sources of underwriting information about an applicant EXCEPT

Questions about Insurance 2

Quiz
•
Financial Education
•
Professional Development
•
Medium
Trang Huyền
Used 5+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Inspection Report
Credit Report
Rating Services
Medical Information Bureau
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following types of policies pays a benefit if the insured goes blind
Universal life
AD&D
Endowment
Adjustable life
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Two partners own equal shares in a business worth a total of $1,000,000. If they both commit to the purchase of a life insurance policy that will fund a Buy-Sell Agreement, which of the following is TRUE
Each partner owns a $1,000,000 policy on their own life
Each partner owns a $1,000,000 policy on their partner's life
Each partner owns a $500,000 policy on their own life
Each partner owns a $500,000 policy on their partner's life
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Variable annuities may invest premiums in each of the following, EXCEPT
Common Stock
Money Market securities
Insurer's corporate business account
Junk bonds
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following statements about accumulated interest earned on dividends from an insurance policy is true?
Partially Taxable
Tax Deductible
Nontaxable
Taxed as ordinary income
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The Commissioner of Insurance has the power and duty to take all of the following actions EXCEPT
activate insurance companies' financial reserves
compute insurance companies' required financial reserves
issue insurance licenses
handle insurance-related consumer complaints
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How are surrender charges deducted in a life policy with a rear-end loaded provision?
Deducted when the policy is discontinued
Deducted when the policy is continued
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