South Carolina Insurance Study guides, Class notes & Summaries

An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - correct answer Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - correct answer Family term insurance rider Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered - correct answer Nonconcellable What is the required action to be taken by a South Carolina li...

An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - Family term insurance rider Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered - Nonconcellable What is the required action to be taken by a South Carolina licensee before operating under an assumed business nam...

An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - CORRECT ANSWER-Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - CORRECT ANSWER-Family term insurance rider Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered - CORRECT ANSWER-Nonconcellable What is the required action to be taken by a South Carolina license...

South Carolina Insurance Exam Questions and Answers (Latest 2024)

South Carolina Insurance Examination Questions And Revised Correct Answers Already Passed An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - ANSWER : Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - ANSWER : Family term insurance rider Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered - ANSWER :...

An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - CORRECT ANSWER-Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - CORRECT ANSWER-Family term insurance rider Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered - CORRECT ANSWER-Nonconcellable What is the required action to be taken by a South Carolina license...

SOUTH CAROLINA INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - correct answer Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - correct answer Family term insurance rider Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered - correct answer Nonconcellable Wh...

What are the minimum requirements to a licensed producer in South Carolina? Be 18 years old, good morale character, not been convicted of a felony, pay required licensing fees, pass state exam What documentation is requested by the SC Department of Insurance to process your application? SC DOI application, SLED criminal background check, exam status report Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen...

Producer Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer An agent who holds an insurance license in the state in which they live Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:02 / 0:15 Full screen non-resident producer Agents who hold an insurance license in a different state than the one they live Broker agents...

Assisted Living Bill requires some nursing care and supervision but NOT full-time care. Which of these nursing home options would best serve him? $4,000 ($100,000 x.04) Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen...

South Carolina Motor Vehicle Financial Responsibility Act Requires that all automobile drivers be able to show proof that they can pay for damages done to others up to a minimum amount if involved in an accident Required auto limits 25000/50000 for bodily injury and 25000 for property damage Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen Uninsured Motorist a driver involved in a vehicle accident who ...