Utah life insurance Study guides, Class notes & Summaries

UNIVERSITY OF UTAH LIFE INSURANCE EXAM Minimum Age to receive a license - correct answer 18 SEC - correct answer Securities Exchange Commission Children's Term Rider - correct answer -if attached to a life insurance policy, children can be covered under the policy until they reach the maximum age stated in the policy. At that point, they can convert their covered to a new policy without issuing a proof of insurabliity. Which of the following statements is TRUE concerning irrevoc...

UNIVERSITY OF UTAH LIFE INSURANCE EXAM 2024 Which of the following is NOT true about social insurances? A Partioipation Is mandatory and automatic for all elipible citizens B Social insurance provides equal benefits to all citizens that contribute C The government, as an insurance provider, has a clear and strong monopoly D Benefits are prescribed by law any changes to the benefit structure and provisions are made by changes in the law - correct answer B Social insurance provides ...

Utah Life Insurance Test Questions and Answers Already Passed Minimum Age to receive a license 18 Continuing Education Hours 24 Hours every 2 years (3 Hours must be in ethics) Insurer must respond to claimant communications within how many days? 15 days Commissioner Powers and duties include: Imposing penalties, including fines, suspensions, and revocations. All insurance forms (riders, policies, applications, endorsements, and contracts) must be filed and approved by the Commi...

Minimum Age to receive a license - Answer-18 Continuing Education Hours - Answer-24 Hours every 2 years (3 Hours must be in ethics) Insurer must respond to claimant communications within how many days? - Answer-15 days Commissioner Powers and duties include: - Answer-Imposing penalties, including fines, suspensions, and revocations. All insurance forms (riders, policies, applications, endorsements, and contracts) must be filed and approved by the Commissioner. Gramm-Leach-Bliley Act (GLBA...

UNIVERSITY OF UTAH LIFE INSURANCE EXAM Minimum Age to receive a license - correct answer 18 SEC - correct answer Securities Exchange Commission Children's Term Rider - correct answer -if attached to a life insurance policy, children can be covered under the policy until they reach the maximum age stated in the policy. At that point, they can convert their covered to a new policy without issuing a proof of insurabliity. Which of the following statements is TRUE concerning irrevoc...

UNIVERSITY OF UTAH LIFE INSURANCE EXAM 2024 Which of the following is NOT true about social insurances? A Partioipation Is mandatory and automatic for all elipible citizens B Social insurance provides equal benefits to all citizens that contribute C The government, as an insurance provider, has a clear and strong monopoly D Benefits are prescribed by law any changes to the benefit structure and provisions are made by changes in the law - correct answer B Social insurance provides ...

Which of the following is NOT true about social insurances? A Participation Is mandatory and automatic for all elipible citizens B Social insurance provides equal benefits to all citizens that contribute C The government, as an insurance provider, has a clear and strong monopoly D Benefits are prescribed by law any changes to the benefit structure and provisions are made by changes in the law - B Social insurance provides equal benefits to all citizens that contribute Which of the followin...

Which of the following is NOT true about social insurances? A Participation Is mandatory and automatic for all elipible citizens B Social insurance provides equal benefits to all citizens that contribute C The government, as an insurance provider, has a clear and strong monopoly D Benefits are prescribed by law any changes to the benefit structure and provisions are made by changes in the law - B Social insurance provides equal benefits to all citizens that contribute Which of the followin...

Utah Life Insurance Test Questions and answers

UTAH LIFE INSURANCE TEST STUD REVIEW SOLUTION.