Study guides, Class notes & Summaries

DP-1 - Answer Basic Form Perils DP-2 - Answer Broad Perils DP-3 - Answer Special Form (All Risk Of Perils) DP Coverage A - Answer Dwellings (Direct Loss) DP Coverage B - Answer Other Structures/Appurtenants (Direct Loss) DP Coverage C - Answer Personal Property (Direct Loss) DP Coverage D - Answer Fair Rental Value (Indirect Loss) DP Coverage E - Answer Additional Living Expenses (Indirect Loss) What is the Deductible unless for Coverage D and E and Fire S...

Insured Contingent Beneficiary - Answer If the insured and primary beneficiary are both killed in the same accident and it cannot be determined who died first, where are the death proceeds to be directed under the uniform Simultaneous Death Act? Reimbursement - Answer Which type of policy pays benefits to a policyholder covered under a Hospital Expense policy? $25,000 - Answer J has an Accidental Death and Dismemberment policy with a principal sum of $50,000. While trimming the hedge...

North Carolina Medicare Supplement and Long-Term Care Practice Exam Questions and Answers 100% Pass An individual who is not eligible for premium-free Medicare Part A coverage may apply for coverage during which of the following enrollment periods? A. All of the above B. Initial enrollment period C. General enrollment period D. Special enrollment period - Correct Answer ️️ -A. All of the above Medicare makes what payment for services in which another payer may be responsible: A. Con...

NC life and health insurance study questions with 100% correct solutions Which of the following is NOT a characteristic of universal life insurance? A Flexible death benefit B Cash account C Fixed premium D Unbundled premium - Correct Answer ️️ -C Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it again. They may even skip a premium payment. The rest of the features apply to universal life policies. Which ...

NC Medicare/LTC Exam Practice Questions and Answers 100% Pass Home health care covers occasional visits from who? - Correct Answer ️️ -Registered nurses, licensed practical nurses, community-based professionals (like hospice). **Does NOT cover visits from attending physicians. Programs that are provided to people who are too poor to qualify for Medicaid. - Correct Answer ️️ -State-only Medicaid programs LTC provision that provides a guarantee that certain policy benefits will rema...

NC Life Insurance Practice Exam Questions with 100% Correct Solutions All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing North Carolina insurance laws. d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforcing the law is. - Correct Answer ️️ -...

NC Life Insurance Exam Practice Questions and Answers 100% Pass Fraternal Benefit Society - Correct Answer ️️ -An organization of people who share a month ethnic, religious or vocational affiliation. They are entities they have no capital stock, have a representative form of government. They exist not for profit but solely for the benefit of their members and their beneficiaries and operate on a lodge system. Fraternal Benefit Societies - Correct Answer ️️ -Agents of these societie...

NC Life Exam Simulation Practice Questions and Answers 100% Pass Which of the following actions require a policyowner to provide proof of insurability in an Adjustable Life policy? - Correct Answer ️️ -ANSWER: increase face amount 2. If the Commissioner of insurance finds that a licensed person has used fraudulent, coercive, or dishonest practices or has proved to be incompetent, untrustworthy, or financially irresponsible, the law allows the Commissioner to - Correct Answer ️️ - ...

NC Life Insurance Exam Prep Questions and Answers 100% Pass An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - Correct Answer ️️ -A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - Correct Answer ️️ - Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - Correct Answer ️️ -Premiums are waived if payor becomes ...

NC LIFE insurance state exam Practice Questions and Answers 100% Pass CREDIT LIFE - Correct Answer ️️ -a special type of coverage written to the life of the debtor and pay off the balance of a loan in the event of the death of the debtor. BUY-SELL AGREEMENTS - Correct Answer ️️ -a legal contract that determines what will be done with a business in the event that an owner dies or becomes disabled. Otherwise known as a business continuation agreement INSURABLE INTEREST - Correct Ans...

NC Life insurance state exam study guide with complete solutions Term Insurance - Correct Answer ️️ -Used for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance - Correct Answer ️️ -Expire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. Level Term Insurance - Correct Answer ️️ -Term insurance can be Renewed annually. Has a level Face Amo...

NC Medicare Supplement & Long Term Care Insurance Licensing Exam Questions and Answers 100% Pass Medicare - Correct Answer ️️ -Health insurance for those over age 65, people under 65 with certain disabilities & those with ESRD (end stage renal disease - permanent kidney failure requiring dialysis or kidney transplant) CMS - Correct Answer ️️ -Centers for Medicare and Medicaid Services administers the Medicare program. Social Security Administration handles most of the enrollment &...