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Rescinded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