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exam A
  • ユーザ名非公開

  • 問題数 71 • 7/8/2024

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    問題一覧

  • 1

    An annuity that is purchased with a lump sum and whose benefits begin after 12 months is called a

    single premium deferred annuity

  • 2

    A technique used to determine the amount of life insurance needed by focusing on the project earning potential of an insured is called the

    Human life value approach

  • 3

    When replacing a policy the producer must present with a notice regarding replacement of life insurance

    at the time of the application

  • 4

    The possibly of a financial loss incurred by a life insurance company for the premature death of a insured is known as a

    Risk

  • 5

    The medical information bureau (MIB) is a nonprofit trade association that maintains

    Medical information on applicants for the life and health insurance

  • 6

    A person who signs a fraudulent claim form may be found guilty of

    perjury

  • 7

    Which policy is a combination of annual renewable term insurance and interest-sentive cash values

    universal life

  • 8

    The right to a full refund of premium for insured age 60 or older is

    30 days

  • 9

    The premium modes can be best described as the

    frequency of premium payment

  • 10

    Intentionally omitting a history of heart problems on an application is

    concealment

  • 11

    A tax sheltered annuity (TSA) is a qualified plan available for

    nonprofit oraganization

  • 12

    The intent of replacement regulation is to protect the

    policy owner

  • 13

    Which provision allows a lapsed policy to be put back in force

    reinstatement

  • 14

    According to the California department of insurance an instrument whose article s of incorporation are registered in OSLO, Norway is considered an

    alien insurer

  • 15

    Mortability is defined as the

    rate of the death

  • 16

    Which of the. Following is not a characteristic of group life insurance

    a group may exist for the purpose of purchasing insurance

  • 17

    When a producer collects the initial premium and issues a conditional receipt the receipt

    may allow life insurance companies to start coverage befor policy delivery

  • 18

    The law of larger nunmebrs allows an insurance company to predict he expected losses among

    members of a group of individuals with similiar risks

  • 19

    In an insured legal reserve fund are found to be less than the minimum required by law the insurer is considered

    decreasing term

  • 20

    Which type of policy would be suitable to protect the balance of home mortgage

    decreasing term

  • 21

    The rider that prides for partial payment of the death benefit in advance to help with. Nursing or convalescent home expense in the

    long term

  • 22

    Which annuity pay guarantees you the return of all the principal invested in the contract

    refund life annutiy

  • 23

    Which of the following statement is NOT true about participating polices

    they pay dividends to stockholders

  • 24

    Insurance contract are based upon a doctrine which requires all parties to the contract to be honest this is know ad the doctrine of

    utmost good faith

  • 25

    According to the California insurance code ,life-only producers must records of their transaction for at least

    5 years

  • 26

    Which if these si NOT an element of a legal contract

    unilateral

  • 27

    Which statement is INCORRECT about fixed annuity

    income payments vary from month to month

  • 28

    In a group policy the employer receives

    master contract

  • 29

    The risk of a loos to an insurance company is also referred to as a /an.

    exposure

  • 30

    With a modified premium whole life contract premium payment are

    lower in the early years of the contract

  • 31

    If a misstatement of each is discovered during the process of a life insurance claim the insurer will

    Adjusted death benefit

  • 32

    The paying time for different and notice is also known as

    Accumulation period

  • 33

    Statements made by an advocate on an application for insurance are considered to be

    Representations

  • 34

    The cost of a loss is known as

    Peril

  • 35

    When a producer ,broker , or solicitor handles premium for an insurer they are acting in which the following capacities

    fiduciary

  • 36

    What is the risk classification for those who are insurability but have a higher then average risks

    substandard

  • 37

    The option that pays a specified amount to the annuitant with remaining value payable to a beneficiary is

    life only

  • 38

    Money bored dorm a life insurance policy cash value is

    not taxable

  • 39

    An insured who submits a fradulent claim to an insure is an example of an

    moral hazard

  • 40

    Selling which of the following policies would require a license by FINRA

    variable universal life

  • 41

    The transfer of possible financial loss to another party refers to

    insurance

  • 42

    The type of whole life insrance where premiums are payable over the whole life of the insured to age 100 is called

    ordinary (straight ) life

  • 43

    Which of the following is NOT a risk management technique

    exposure

  • 44

    Social security benefits do NOT include

    workers completion

  • 45

    To be insurable a risk must NOT be

    catastrophic

  • 46

    A life insurance death benefit paid in a lump sum to a beneficiary is

    not subject to any taxes

  • 47

    Two business partner own life insurance on each other. If one partner dies which contract will allow the surviving arbiter to use the death benefit to purchase the deceased business intrest

    buy- sell agreement

  • 48

    They type of policy that can be changes from one that does not have cash value to one that doe is a

    convertible term policy

  • 49

    Which document describes the specific features and elects of a policy

    policy summary

  • 50

    The attempt that an insurer makes to keep its existing insurance policy in force after receipt of notice of replacement from another company is called

    conversation

  • 51

    A private and civil wrong for which a remedy may be sought through legal action is known as a

    tort

  • 52

    If an annuitant before the annuilization period , what preoccupations will the beneficiary receive

    acummulation value or the premiums paid , which ever is greater

  • 53

    Life-only agents may transact all of the following type of insurance EXCEPT

    24 hours care coverage

  • 54

    If the cash value exceeds the premium paid in whole life policy what are the tax consequences if the policy is surrendered

    unilateral contract

  • 55

    Which of the following policies could be expected to have the lowest premium

    straight life

  • 56

    When completing an apllication for life insurance a producer should do which of the following

    bind the applicant coverages

  • 57

    Which of the following characterizes a secular risk

    having the possibility for loss or gain

  • 58

    Which policy provision include the application and the first premium from the insured and the promise to par from the insurer

    consideration

  • 59

    The guaranteed insurability rider allows the policy owner to purchase additional insurance at the insured

    attained age

  • 60

    A life policy that covers two lives and provides for payments of the death benefit upon the death of the fist insured is called

    join tlife

  • 61

    Whose signature is required to make changes to a written application for a life insurance policy

    applicant

  • 62

    A produce who knowingly misrepresents material information for the purpose of including a client to a lapse , forefeir , change or surrender a life insurance policy or annuity has committed an illegal practice is know as

    twisting

  • 63

    Unerwritng is the process of

    determine the company’s risk regarding a proposed insured

  • 64

    An arrangement where the employer and employee agree to purchase and fund life insurance on an employee is known as a

    split dollar plans

  • 65

    A contract agreements for life insurance is composed of a/an

    offer and acceptance

  • 66

    Term limit on liability refers to the

    death benefit of life insurance policy

  • 67

    A policy that combines whole life on the breadwinner and term on the spouse and children is called a

    family policy

  • 68

    Which nonforfeirutre values maintain the original face value contract but sacrifices the length of the contract

    extended term

  • 69

    Which methods of handiling risk is self insurance

    retention

  • 70

    When must insurable inrest exist

    at the time of application

  • 71

    Which of the. Following is not a characteristic of group life insurance

    a group may exist for the purpose of purchasing insurance