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Q 1/25
Score 0
All of the following have an insurable interest in a young man, EXCEPT:
60
His business partner
Non-owner, co worker
His widowed mother
The bank financing his car
Q 2/25
Score 0
There are two NAIC developed programs that most states have adopted into their insurance codes. They are:
60
The Unfair Practices Act & TAMRA
The Advertising Code and The Unfair Practices Act
The 10 day Free-Look and The Unfair Practices Act
The HIPPA and the COBRA
25 questions
Q.
All of the following have an insurable interest in a young man, EXCEPT:
1
60 sec
Q.
There are two NAIC developed programs that most states have adopted into their insurance codes. They are:
2
60 sec
Q.
Which of the following is NOT a marketing and distribution system used by insurers?
3
60 sec
Q.
An agent had just been told by a policyowner that she is 10 years younger than was listed on the application. The agent should:
4
60 sec
Q.
Basic principles of insurance include:
5
60 sec
Q.
Which of the following is NOT an element of insurable risk?
6
60 sec
Q.
What are the two types of risk?
7
60 sec
Q.
Which of the following statements regarding exclusions under a life policy is true?
8
60 sec
Q.
The unique characteristic that allows Life Insurance to be assigned or sold is that it is not a:
9
60 sec
Q.
Which of the below is NOT considered a basic type of Hazard:
10
60 sec
Q.
Which of the life contracts below provides the largest face values for identical premium payments and still builds equity or cash value?
11
60 sec
Q.
Owners of insurance contracts are legally bound to:
12
60 sec
Q.
Transacting insurance business does NOT include which of the following:
13
60 sec
Q.
Which of the following types of life insurance policies is usually used for group life insurance?
14
60 sec
Q.
In a life insurance policy, the promise by the insurance company to pay certain benefits is the:
15
60 sec
Q.
Which of the following statements regarding a life insurance contract is true?
16
60 sec
Q.
The 1035 Exchange states no gain or loss will be recognized on the exchange of contracts by the same insured. This is true for each situation described below, EXCEPT:
17
60 sec
Q.
Which of the features below is NOT required in a Whole Life policy?
18
60 sec
Q.
What in the eyes of Florida law constitutes delivery of a policy?
19
60 sec
Q.
In a three-person partnership, a cross purchase plan would require:
20
60 sec
Q.
Which of the below is NOT a Variable Universal Life characteristic?
21
60 sec
Q.
Which of the below is a Universal Life characteristic?
22
60 sec
Q.
Variable Universal Life cash values are?
23
60 sec
Q.
All of the following are true of Variable Whole Life insurance, EXCEPT:
24
60 sec
Q.
When an owner must obtain the beneficiary’s consent to change the beneficiary of a life insurance policy, the designation is said to be:
