person who acts for another person or entity with regard to contractual arrangements with third parties; a legal representative of an insurance company.
A prospective insured receives a conditional receipt but dies before the policy is issued.
Which is the appropriate action by the insurer if a prospective insured submitted?
Which is the appropriate action by the insurer if a prospective insured submitted an incomplete application? Any unanswered questions need to be answered before the policy is issued. If the insurer receives incomplete applications, they need to be returned to the applicants for completion.
WHAT IS A Brokedown Palace?
Brokedown Palace"" tells the story of two American teenage girls who are sentenced to spend most of their lives in a Thai prison. Their crimes are apparently harmless: being silly and naive.
The girls are Alice (Claire Danes) and Darlene (Kate Beckinsale). 13 Aug 1999
What IS a oligarch?
Oligarchy
(from Greek ὀλιγαρχία (oligarkhía); from ὀλίγος (olígos) 'few', and ἄρχω (arkho) 'to rule or to command') is a form of power structure in which power rests with a small number of people.
Throughout history, oligarchies have often been tyrannical, relying on public obedience or oppression to exist.
What Is a Four Dog Night?
: I understood that this is a temperature scale and that it refers to the number of dogs you need in bed with you at night to stay warm.
I've
heard of four dog and five dog nights, but three dog night is the most recognizable phrase because of the rock group with the same name. 18 Feb 2004
What Is a Four Loko drink?
Four Loko is a line of alcoholic beverages sold by Phusion Projects of Chicago, Illinois, United States.
After the beverage was banned in several states, a product reintroduction in December 2010 removed caffeine, taurine, and guarana as ingredients, and the malt beverage is no longer marketed as an
energy drink.
What is a 10 point touch screen monitor?
A 10-point multi-touch screen refers to a touch screen that has the ability to recognise and respond to ten simultaneous points of contact. This allows you too easily zoom, flick, rotate, swipe, drag, pinch, press, double tap or use other gestures with up to ten fingers on the screen at the same time. 12 Mar 2020
What is a 1000 years called?
millennium, a period of 1,000 years.
Thus, the 1st millennium is
defined as spanning years 1–1000 and the 2nd the years 1001–2000. Although numerous popular celebrations marked the start of the year 2000, the 21st century and 3rd millennium ad began on January 1, 2001.
What is a 13F portfolio?
Form 13F is a quarterly report filed, per United States Securities and Exchange Commission regulations, by "institutional investment managers" with control over $100M in assets to the SEC, listing all equity assets under management.
What is a 1921 slider?
A: The 1921 Slider is made to order with seared and seasoned beef, and topped with savory grilled onions, smoked cheddar and pickles on a signature White Castle bun. Lettuce and tomato are available at select Castle locations.
The signature on the application by the applicant serves as the notice of the insurer's information practices. If a policy is issued with application questions unanswered, the contract will be interpreted as if the question had not been asked and is therefore waived by the insurer.
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Which of the following actions will an insurance company most likely not take if an applicant who has diabetes applies for a disability income policy?Which of the following actions will an insurance company most likely NOT take if an applicant, who has diabetes, applies for a Disability Income policy? The correct answer is "Issue the policy with an altered Time of Payment of Claims provision".
What is true regarding the guaranteed insurability rider?
The Guaranteed Insurability Benefit Rider guarantees the policy owner the right to purchase additional permanent life insurance policies without evidence of insurability. On each option date specified in the contract, Nationwide will permit the purchase of an additional life insurance policy.
What statement is not true regarding a straight life policy?
Which statement is NOT true regarding a Straight Life policy? Its premium steadily decreases over time, in response to its growing cash value. Which Universal Life option has a gradually increasing cash value and a level death benefit? Which of the following best defines target premium in a universal life policy?
How many days notice must an insurer provide to an insured regarding the lapse of a policy due to outstanding loans?
The insurance grace period can vary depending on the insurer and policy type. Depending on the insurance policy, the grace period can be as little as 24 hours or as long as 30 days.
Related Questions
How many days from the delivery of a long term care policy may the policyowner return it for a full refund?
A policyowner must be given at least 10 days after delivery of the policy to cancel the policy. In this case, the policyowner is entitled to a full return of all premiums paid for the policy."
What is the applicants consideration in an insurance contract?
Consideration can be defined as the value given in exchange for the promises sought. In an insurance contract, consideration is given by the applicant in exchange for the insurer's promise to pay benefits. It also consists of the application and the initial premium.
Which of these actions should a producer take when submitting an insurance application to an insurer?
Terms in this set (51) What action should a producer take if the initial premium is NOT submitted with the application? The correct answer is "Forward the application to the insurer without the initial premium". In this situation, the producer should submit the application to the insurance company without the premium.
Which of the following will not be considered unfair discrimination by insurers?
Which of the following will NOT be considered unfair discrimination by insurers? Discriminating in benefits and coverages based on the insured's habits and lifestyle. Insurers are also not allowed to cancel individual coverage due to a change in marital status.
Which of these statements about a guaranteed insurability rider is not true?
Which of these statements about a Guaranteed Insurability Option rider is NOT TRUE? The correct answer is "Evidence of insurability is required when the option is exercised". All of these statements are true EXCEPT "Evidence of insurability is required when the option is exercised".
What does the guaranteed insurability option allow?
The guaranteed insurability (GI) rider is available on certain life insurance policies and allows you to purchase additional insurance at specific dates in the future (subject to minimums and maximums) without having to go through an exam or answer health questions.
What is true regarding a straight life policy?
– Straight Life whole policies have a level guaranteed face amount and level premium for the life of the insured. Gradually increases each year by the amount that the cash value increases.
Which of the following is not true regarding the annuitant?
Which of the following is NOT true regarding the annuitant? The annuitant cannot be the same person as the annuity owner. A deferred annuity is surrendered prior to annuitization.