Exact2Pass
A policyholder uses a Section 1035 exchange to replace an existing life insurance policy. If the new policy is later surrendered, the gain realized on termination is taxed as:
Which contract offers flexible deposits, deferred taxation, a guaranteed minimum interest rate, and death proceeds equal to the cash value?
The needs approach to personal life insurance planning includes the creation of an emergency reserve fund. This fund is designed primarily to:
An insurable interest in each other's lives may exist in the absence of an economic interest when the individuals are:
An insurance producer who conducts business under an assumed or fictitious name must:
In order to qualify for a company convention, an insurance producer agrees to pay the first quarterly premium for the applicant for new insurance. This is called a:
If an insurer knowingly fails to enforce a policy provision on one occasion, the insurer may be prevented from enforcing it on a subsequent occasion by the principle of:
To determine whether unfair trade practices have been violated, who has the power to examine an insurer's books and records?
If a life insurer denies a policy of life insurance, the insurer shall disclose the results of any medicalexamination administered to determine insurability to the:
Which of the following statements about participating life insurance is true?
How does the payment of an accelerated benefit affect a life insurance policy?
The life insurance buyer's guide includes information about all of the following EXCEPT how to:
In the event of a death claim under a life insurance policy, what happens to the amount of any existing policy loan?
All of the following factors may affect premium determination in individual life insurance EXCEPT:
In general practice, can the Maryland Insurance Administration inspect the business records of an insurance company or agency?
An existing life insurance policy is sold by the policyowner to help finance the cost of a terminal illness. This is an example of:
The annual addition to an employee's account in a qualified retirement plan:
Which life annuity contract feature provides that benefit payments will continue for a minimum number of years regardless of when the annuitant dies?
When a wage earner dies, the surviving family members may have all of the following expenses EXCEPT:
Which one of the following causes of death typically would be included under an accidental death rider attached to a life insurance policy?
Which one of the following statements about participating life insurance is true?