Guarantee exam

What is the maximum time. Between superintendence examinations of books and records of domestic insurers

5 years

In which of the following scenarios would a producer be allowed to obtain insurance through an unauthorized ensure

If there are authorized insured for a specific type of coverage in this state

What is the exclusion ratio used to determine

The annuity benefit to be excluded from taxes

I buy aticle settlement is a transaction outside the life insurance company were the owner Cell the life insurance policy for which of the following

A percentage of the face amount of the policy

A whole life policy is surrendered for a reduced paid up policy the cash value and the new policy will

Continue to increase

Which of the following terms refers to the non taxable portion of each annuity benefit payment

Cost basis

Which of the following terms refers to solicitation negotiation effectuation or advising related to an insurance contract

Insurance transaction

Contributions to a Roth IRA are

Not tax deductible

If if I adore dies within the 15 day recession. Davai aticle settlement agreement is deemed to be

Rescinded

When an insured terminates membership in the group policy it can be converted to

Whole life insurance without proving insurability

If a life insurance company uses HIV testing as a part of its underwriting when must an applicant be notified of the procedure

Prior to the performance of the test

In a deferred annuity the difference between the accumulation value and surrender value is the

Surrender charge

Life insurance creates an immediate estate which of the following best explains this statement

The face value of the policy is payable to the beneficiary upon the death of the insured

The purpose of the Fair Credit Reporting Act is to

Protect consumers against the circulation of inaccurate or obsolete personal or financial information

According to the life insurance replacement regulation which of the following would be an example of replacement

A policy is issued with a reduction in cash value

Because of the imposed blackout. The surviving spouse will not receive Social Security benefits until

He or she qualifies for retirement benefits

Which of the following is true regarding a joint life annuity

The payment stop at the first death

Key person insurance can provide protection for all of the following economic losses to a business except

Pay the death benefit to the estate of the insured

Key person life insurance premium is not deducted by the business

And the death benefit is not taxable to the business