all of the following would be considered rebating except all of the following would be considered rebating except

All the following would be considered an unfair and deceptive practice. When an insurance agency published an advertising brochure, it emphasized the company's financial stability and sound business practices. In most states, if death results from suicide within a certain period, the insurer is not obligated to pay the death benefit therefore.. 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. The Commissioner may waive prelicensing requirements or examinations for someone who has been a licensed insurance producer If an insurance company has published a brochure that in accurately portrays the advantages of a particular insurance policy. C 90 days For an individual who is NOT covered by an employer-sponsored plan, IRA contributions are, Amount of coverage is determined according to nondiscriminatory rules, individuals covered, under the policy receive a certificate of insurance, certificate holders may convert coverage to an individual policy without evidence of insurability. Weegy: A basic position in American foreign policy has been that America must defend its foreign interests related to Weegy: 15 ? A key person insurance policy can pay for what? What settlement option should the policyowner choose? User: She worked really hard on the project. All of the following could be considered rebates if offered to an insured in the sale of insurance EXCEPT How do you get to Motion settings on iPhone? A Defamation Life Insurance Exam Quiz pt. 5 Flashcards - Cram.com C$2,000 D 2 years. Age The dividend option that the insured has chosen is called? When the application is signed and a check is given to the agent, The insurer's domicile of location of incorporation will determine whether a company is domestic, foreign, or alien. D. A salaried employee who advertises and solicits insurance. There are several types of whole life polices. B Coercion. The integer 4 is considered all of the following except _____. What required provision protects against unintentional lapse of the policy? What happens to the premium on the children's rider in a life insurance policy? A C In the last 5 years. If convicted for a false claim, an insured, agent, collector, physician or any other person could be fined up to $1,000. Which of the following has not been taken to court for further interpretation? An applicant for a Counselor's license in Michigan must possess all of the following EXCEPT 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. 1 to 75. select one: Which set of characteristics will produce the smallest value for the estimated standard error? What is true? Which statement best defines an insurance producer? C Solicit business as an insurance producer What is being defined as the degree to which something is related or useful to what is happening or being talked about? C 7 When a life insurance policy is cancelled and the insured has selected the extended term nonforfeiture option, the cash value will be used to purchase term insurance that has a face amount. B Twisting D. Coercion and intimidation. Discrimination. C Consists of completing 24 hours of CE each biennium. If a policy includes a free-look period of at least 10 days, the Buyer's Guide must be delivered to the applicant What policy component decreases in decreasing term insurance? Log in for more information. A. Misrepresentation. The annual premium of $200 was due on February 1; however; the insured failed to pay the premium. Nonforfeiture values guarantee which policyowner? The triple indemnity rider in the policy specifies that the death must not be contributed to by the insured in any manner. What option could the insured utilize? Which of the following terms describes making false statements about the financial condition of any insurer that are intended to injure any person engaged in the business of insurance? Insurers commonly require HIV testing; the insurer must abide by a variety of rules created by its respective state. C 12 months all of the following would be considered rebating except Follow us. New answers. Death benefits payable to a beneficiary under a life insurance policy are generally. Thanks for choosing us. Added 149 days ago|10/30/2021 2:46:29 PM. "At the time of the application" is when interest must exist. If you like the fitness and motion activity tracking feature on the iPhone, you should have this setting left on. D A license to practice law. Which of the following terms describes making false statements about the financial condition of any insurer that are intended to injure any person engaged in the business of insurance? all of the following would be considered rebating except. A Producer regulations and testing requirements. Horse racing is one of the oldest and most popular racing sports in the world, but how long is a horse race? Indicate the effects of the given transaction on assets, liabilities, and equity, including identifying the individual accounts affected. When a producer was reviewing a potential customer's coverage written by another company, the producer made several remarks that were maliciously critical of that other insurer. All of the following actions are considered rebating except sharing commissions with other licensed and appointed agents An insurer, in general business practice, fails to promptly provide a reasonable explanation for the denial of a claim. Minimum number of credits required for partially insured status for Social Security disability benefits is. Considered to be the average risk; representative of the majority of people in their age and with similar lifestyles, Insurers (this is so the insurers can compare the info that have collected on the individual). 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? Charge a level annual premium throughout the insured's lifetime and provide a level, guaranteed death benefit. Company Information; FAQ; Stone Materials. C Charging applicants with similar health histories different premiums based on their ethnicity there is no provision in the insurance code that allows for a temporary licensed to be issued on behalf of a producer. What does this mean to the beneficiaries? Search for an answer or ask Weegy. Free Shipping on all orders | We're roasting your coffee right now how to detach from a codependent mother (+91)8050038874 george johnston biography [email protected] a constant a term a variable an expression. An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. In level term and increasing term policies, the premium also remains level for the term of the policy. B Coercion B - In order to collect premiums and explain coverages, a person would need to be licensed. Last year, she received a dividend check from the insurance company that was not taxable. C Accidentally misspells the name of the insurance policy in a written communication to a customer. Upon receipt of notice of appointment, the commissioner must verify the insurance producer is eligible for appointment within how many days? C The paid-up addition option uses the dividend to.. What life insurance settlement option guarantees payments for the lifetime of the recipient, but also specifies a guaranteed period, during which, if the original recipient dies, the payments will continue to a designated beneficiary? How are contributions to a tax-sheltered annuity treated with regards to taxation? File an application with the Director b. any person acting as an insurance producer without a valid license may be fined up to. A 40 year old man buys a whole life policy and names his wife as his only beneficiary. B A new Commissioner or Director is put into office. Which of the following best describes the unfair trade practices of defamation? B Insurer financial requirements. Defamation is making statements that are false as to the financial condition of any insurer and which are calculated to injure any person engaged in the business of insurance. Texas All Lines Adjuster Test - Questions And Answers-Accumulated Depreciation - The total decrease in an item's value over a period of time. The insurance company discovers at that time that the insured concealed info during the application process. She has decided that she would rather use the dividends to help pay for her next premium. In comparison to consumer reports, what best describes a unique characteristic of investigate consumer reports? There are just too many details and specifications which you must be certain of when looking for one. To ensure that his wife had income for life after the insured's death, he chose the life income settlement option. If an insurer terminates a producer, the Commissioner must be notified. Rebating is an unfair trade practices and is regulated by law all of the following would be considered to be rebating except. B$1 A Defamation 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.. Expert answered|GaelM|Points 4547| Log in for more information. D Misrepresentation. Circulating deceptive sales material to the public is what type of Unfair Trade Practice? All Of The Following Are True Regarding Rebates Except Telling a client that his first premium will be waived if he purchases the insurance policy today. When the policyowner specifies a dollar amount in which installments are to be paid, he/she has chosen which settlement option? All of the following statements concerning an employer sponsored non-qualified retirement plan are true as follows: Two attorneys at law and operate their practice as a partnership. 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? In this situation, a licensee would have to apply for a resident's license within 90 days. If the father becomes disabled, what will happen to the life insurance premiums? What statement is true concerning buy-sell agreements? The least expensive first year premium payment is found in.. What determines the cash value of a variable life policy? D$5,000. According to the Fair Credit Reporting Act, all of the following would be considered negative information about a consumer: The four essential elements of all legal contracts: The Medical Information Bureau (MIB) was created to protect? And employee is insured under her employers group life plan. The regulation of the insurance industry primarily rest with. What type of insurance policy would perform the function of cash accumulation? 16/9 = Weegy: Whenever an individual stops drinking, the BAL will decrease slowly. In life insurance policies, cash value increases. Two individuals are in the same risk and age class; yet, they are charged different rates for their insurance policies due to an insignificant factor. B Illegal False financial statements are made when insurance companies attempt to hide their financial troubles from the public and government officials. C Misrepresentation All other factors being equal, what would the premium be like in a survivorship life policy as compared to the premium in a joint life policy? C The premiums paid by the employer in a business life insurance policy are All of the following are true of a key person insurance.. Under the fixed-period option, a specified period of years is selected, and equal installments are paid to the recipient. C Rebating. An Insurer wants to begin underwriting procedures for an applicant. In reality, its financial health is terrible, and the company will soon have to file for bankruptcy. D False advertising. Which of the following would NOT be considered rebating? Forcing a client to buy insurance from a particular lender as a condition of granting a loan is defined as 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. 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? Which of the following would NOT have a policy loans provision? baja fresh queso recipe; Tags . Brokers and financial advisors are prohibited from accepting rebates since they may create conflicts of interest. Who is personally liable for all contracts of insurance unlawfully made with in Tennessee on behalf of an unauthorized insurer? It would be considered unfair discrimination to ask an insurance applicant about which of the following and then use that information as a rating factor to determine insurability? A participating life insurance policy may pay a portion of its net earnings to a policyholder, but dividends cannot be guaranteed. What is the required percentage of participants in a contributory group plan? What is not an example of a business use of life insurance? A rebate is a type of purchasing discount that is paid as a reduction. Explaining to client the advantages of permanent insurance over term and suggesting changing policies. 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? An agent offers his client free tickets to a sporting event in exchange for the purchase of an insurance policy. The type of settlement option which pays throughout the lifetimes of two or more beneficiaries is called? What is true regarding a non-qualified retirement plan? E The spouse of a deceased insurance producer. It is never legal to limit coverage based on marital status. C Illegal under any circumstances What usually includes information about premium amounts, cash values, surrender values, and death benefits for specific policy years? If the corporation collects the policy benefit, then What is the best reason to purchase life insurance rather than annuities? A table showing the nonforfeiture values for the next 20 years must be included in the policy. Paid cash to cover desk purchased on account. When I just opened a new WSL2 Ubuntu 20.04 terminal and ran code . In this state, what type of violation is rebating? Commissioner. A person whose activities are limited to producing insurance advertisements