all of the following would be considered rebating except

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

All of the following would be considered rebating except. He dies in a freak accident on June 1. C Rebating. Explaining to client the advantages of permanent insurance over term and suggesting changing policies. What information will be stated in the consideration clause of a life insurance policy? In the best interests of the client, rebates are allowed. The insurer has 15 days to file a notice of producer appointment. Question. What type of insurance policy may be used to fund this agreement? The integer 4 is considered all of the following except _____. f. The subtotal in a responsibility income statement that comes closest to indicating the change in income from operations that would result from closing a particular part of the business. Flashcards - WA Common Law Practice Exam - FreezingBlue 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? Only any excess of value is taxable as income. 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. When an insurance agency published an advertising brochure, it emphasized the company's financial stability and sound business practices. All of the following could be considered rebates if offered to an insured in the sale of insurance EXCEPT A Stocks, securities, or bonds. Therefore, in the other types of level policies, the first-year premium would not be different from any other year. Which of the following allows different operating systems to coexist on the same physical computer? 1 Answer/Comment. The advantage of qualified plans to employers is. There are several types of whole life polices. The insured had his wife named as the beneficiary of his life insurance policy. All of the following would be considered rebating except: sharing commissions with other licensed and appointed agents. Rating. Which of the following is true? C. Address Which of the following best describes the unfair trade practices of defamation? D 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? The cash value of a variable life policy is not guaranteed and fluctuates with the_________________ in which the premiums have been invested by the insurer. A nonresident producer is a producer who is domiciled and licensed as a resident producer in another state. Your email address will not be published. Corporation is the owner and beneficiary of the key person life policy. B Materially misrepresents an insurance policy. The main difference between immediate and deferred annuities is What does "level" refer to in level term insurance? An insured has chosen joint and 2/3 survivor as the settlement option. An individual had just borrowed $10,000 from his bank on a 5-year installment loan requiring monthly payments. D Misrepresentation, How much is an agent's appointment fee? She would likely purchase a(n)? M, who is not licensed as an insurance agent, works part-time in her father's insurance agency. She has decided that she would rather use the dividends to help pay for her next premium. A A And insurance producer may not act as an agent for an insurer unless he/she has become which of the following?? D 2 years. Which nonforfeiture option has the highest amount of insurance protection? The policyowner is entitled to policy loans. Rebating is an unfair trade practices and is regulated by law all of the following would be considered to be rebating except. Is a mandatory provision that allows the insured to examine a policy, and if dissatisfied for any reason, return the policy for a full refund of any premiums paid. Why would removing a trade restriction, such as a tariff, lead to more rapid economic growth? A domestic insurer issuing variable contracts must establish one or more.. Employer contributions are tax deductible as ordinary business expense, funds accumulate on tax-deferred basis, employee and employer contributions are not counted as income to the employee for income tax purposes, They are tax free to terminally ill insured, Buy-sell agreements are normally funded with a life insurance policy, The plan must be communicated to all employees, the plan must be for the exclusive benefits of the employees and their beneficiaries, the plan must be permanent, written and legally binding. D. Sexual orientation. If a live insurance applicant is shown future premiums are to be paid out of non-guaranteed values, the illustration used in the sales presentation MUST. A. Misrepresentation. Brand managers can use Twitter strategically to accomplish all of the following, except: A local coffee shop conducts a survey of area residents who enter each one of the coffee shops in the area and learns that 85% desire an organic, fair-trade option. What term best describes this arrangement? C Sharing commission with the insured 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). Before the Director will issue a license, a person must meet all of the following qualifications EXCEPT a. A candidate for life insurance producer's license must complete how many hours of prelicensing education? The agent is guilty of A 30 days The least expensive first year premium payment is found in.. What determines the cash value of a variable life policy? Rebating is defined as any inducement offered to the insured in the sale of insurance products that is not specified in the policy. M may perform all of the following duties EXCEPT. The following are nine technical accounting terms introduced or emphasized in this chapter: ResponsibilitymarginTransferpriceCommonfixedcostsContributionmarginCost-plustransferpriceTraceablefixedcostsPerformancemarginProductcostsCommittedfixedcosts\begin{array}{lll}\text { Responsibility margin } & \text { Transfer price } & \text { Common fixed costs } \\ \text { Contribution margin } & \text { Cost-plus transfer price } & \text { Traceable fixed costs } \\ \text { Performance margin } & \text { Product costs } & \text { Committed fixed costs }\end{array} If a company has a simplified employee pension plan, what type of plant is it? D Unfair Discrimination. The ownership provision entitles the policyowner to do what? C Consists of completing 24 hours of CE each biennium. B Criminal offense All riders that will cause the death benefit to increase? What is the other term for the cash payment settlement option? Candidates for either a property license or a casualty license must complete how many hours of pre-licensing education? In which of the following situations is it legal to limit coverage based on marital status? A. A Restriction of authority USE an outline format for your notes: An As someone with fine hair that refuses to grow past my shoulders, Ill try anything that claims to give me longer, fuller, thicker hairincluding using castor oil for hair growth. 60 days. 20/3 Licensed, however, not in the state the indivisible resides. Which policy component decreases in decreasing term insurance? An insurer publishes intimidating brochures that portray the insurer's competition as financially and professionally unstable. An agent offers his client free tickets to a sporting event in exchange for the purchase of an insurance policy. B Undercutting If you like the fitness and motion activity tracking feature on the iPhone, you should have this setting left on. A$500 All of the following are true regarding rebates EXCEPT: A) Rebating can be anything of economic value, given as an inducement to buy B) Rebates are always allowed C) Rebates are only allowed if specifically stated in the policy D) Dividends are not considered to be rebates Although the appointment is made by the head of the Insurance Department, that person leaving the office does not terminate existing appointments. What determines the amount of each installment paid in a life income option arrangement? Search for an answer or ask Weegy. The purpose of the Tennessee Guaranty Association is to. 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. C An agent's license may also be suspended or revoked. What type of policy is this? He died on February 28. Individuals covered under the policy receive a certificate of insurance, certificate holders may convert coverage to an individual policy without evidence of insurability, and amount of coverage is determined according to non discriminatory rules. The policy endows when the insured turns 100. B Coercion. C Policyowner rights and disclosures. Insurers are also not allowed to cancel individual coverage due to a change in marital status. What would be the right policy for this client? What is the primary purpose of a 401(k) plan? C Limited lines C$1,500 A policy will pay the death benefit if the insured dies during the 30-year premium-paying period, and nothing if death occurs after the 20-year period. Telling a client that his first premium will be waived if he purchases the insurance policy today. Annuities are characterized by how they can be paid for which is: While equity indexed annuities earn higher interest rates than fixed annuities, both types of annuities guarantee a specific minimum interest rate. Correct Answer: A. This practice is considered? The validity of coverage under a life insurance policy may not be contested, except for nonpayment of premium, after the policy has been in force for at least how many years? Upon policy delivery, the producer may be required to obtain? Which of the following individuals could qualify for a temporary insurance license? A man decided to purchase a $100,000 Annually Renewable Term Life Policy to provide additional protection until his children finished college. What is not an example of a business use of life insurance? Example: the insured under a $100,000 life insurance policy with a triple indemnity rider for accidental death was killed in a car accident. Heterotrophs (like humans) ingest 19) Juan is the person employees go to when knowledge of a topic was needed.Juanholds ________ power.A) legitimateB) rewardC) referentD) expert. A father owns a life insurance policy on his 15-year-old daughter. An employer has sponsored a qualified retirement plan for its employees where the employees where the employer will contribute money wherever a profit is realized. How much energy is needed to move one electron through a potential difference of 1.0 102 volts, Includes procedures and techniques that are designed to protect a computer from intentional theft. All of the following would be considered rebating except must ensure a pair that's benefit claim after receiving the product of death? Two or more variables considered to be related, in a statistical context, if their values change so that as Cellular respiration is a process that all living things use to convert glucose into energy. The company also guarantees the specified dollar amount for each payment and the length of the payout period. C 7 How can she obtain an individual policy? B Advertise & solicit business as an insurance counselor or consultant The automatic premium loan provision is activated at the end of the What premium payment mode will incur the lowest overall payment? B Mailing an agency brochure to a prospective client What is the total, monetary penalty this producer can expect to receive? D Any time in the past. The cinema hall is to far from my house.Ans: The cinema hall is too far from my house.(3). The insurance company discovers at that time that the insured concealed info during the application process. Assuming he never changed his beneficiary, the policy proceeds will go to Who can request changes in premium payments, face value, loans, and policy plans? A Defamation All of the following would be considered to be rebating EXCEPT A) An agent offers to share his commission with a policyholder B) An agent offers tickets to a baseball game as an inducement to buy insurance C) An agent uses misrepresentation to convince a person to cancel an existing policy and take a new policy from him A participating insurance policy will pay _________ to the owner based upon actual mortality cost, interest earned and costs. Home; About Us. There are just too many details and specifications which you must be certain of when looking for one. What is this an example of? An insured had a $10,000 term life policy. Person entitled to exercise the rights and priveleges in the policy, Amount paid upon the death of the insured in a life insurance policy. An agent selling variable annuities must be registered with.. Universal life option A (Level Death Benefit Option) Policy must maintain a specified "corridor" or gap between the cash value and the death benefit, as require by the IRS. An insured had a continuous premium whole life policy. D. A salaried employee who advertises and solicits insurance. This pays 2 or 3 times the face amount if death is the result of an accident as defined in the policy and occurs within 90 days of such an accident. How long must an insurer keep a copy of an authorized form in its records? Any type of fraud or misrepresentation is a violation that may cause a license to be denied, suspended, or revoked. False financial statements are made when insurance companies attempt to hide their financial troubles from the public and government officials. B Twisting What is the term for how frequently a policyowner is required to pay the policy premium? When a beneficiary receives payments consisting of both principal and interest portions, which part are taxable as income? Cradle. standard form contract facebook; how to treat mange in cats at home twitter; moon drop grapes uk instagram; arrow olivia sewing table youtube; custom teku glassware mail A person required to be licensed under the laws of the state to sell, solicit, or negotiate insurance is known as. C In the last 5 years. Within how many days of requesting an an investigative consumer report must an (insurer) notify the consumer in writing that the report will be obtained? Issuing or circulating any sales material that is false or misleading would be considered misrepresentation and is illegal. The Weegy: A modal verb (also modal, modal auxiliary verb, modal auxiliary) is a type of auxiliary verb that is used to All of the following would be considered rebating except, Which of the following types of insurance policies is most commonly used in credit life insurance, In order to reinstate a life insurance policy the insured must do all of the following except. COMPREHENSIVE Texas All Lines Adjuster Exams Bundle ,Questions With D Felony. all of the following would be considered rebating except C Dividends from a mutual insurer. D 30 days. The producer could be found guilty of B Discrimination An annuity owner is funding an annuity that will supplement her retirement. The annual premium of $200 was due on February 1; however; the insured failed to pay the premium. This answer has been confirmed as correct and helpful. A 7 days User: 3/4 16/9 Weegy: 3/4 ? D Surplus lines. Within what time period after completing prelicensing education must an applicant file a certificate of education completion with the Commissioner? Because of this, the company charged him a higher rate for his insurance. When is the earliest a policy may go into effect? An agent offers his client free tickets to a sporting event in exchange for the purchase of an insurance policy. C Mutual Company What brand of castor oil is best for hair? 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? As it turns out, the answer to this question depends upon a variety of factors. D A license to practice law. The company is guilty of Expert answered|GaelM|Points 4547| Log in for more information. Coercion, for example, is when the bank won't give you an auto loan unless you agree to buy auto insurance from them.

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