Surveys show elevations, improvements, boundaries and the lands relationship to surrounding land

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Surveys show elevations, improvements, boundaries and the lands relationship to surrounding land

A. True
B. False

Answer: A.True

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

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Which of the following terms best describe the coverage provided by term policies, as compared to any other form of protection?
All of the following are considered limited lines of authority EXCEPT
What is the other term for the cash payment settlement option?
The pro rata liability clause is designed to protect the principle of
What does the Group Life underwriting risk selection process help protect insurance companies from?
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All of these statements concerning whole life insurance are false EXCEPT
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No existing agent's license will be revoked until
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A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called a(n)
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Under an extended term nonforfeiture option, the policy cash value is converted to
Which type of life insurance policy generates immediate cash value?
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The pro rata liability clause is designed to protect the principle of
The two major actions required for a policyholder to comply with the Reinstatement Clause are
Life insurance policies will normally pay for losses arising from
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Ambiguities in an insurance policy are always resolved in favor of the
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How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
What documentation grants express authority to an agent?
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Which nonforfeiture option provides coverage for the longest period of time?
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All of the following are true regarding a decreasing term policy EXCEPT
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The pro rata liability clause is designed to protect the principle of
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The requirement that agents not commingle insurance monies with their own funds is known as
Who is responsible for assembling the policy forms for insureds?
Life income joint and survivor settlement option guarantees
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Which of the following is NOT true regarding the accumulation period of an annuity?
Which of the following is NOT true regarding a Certificate of Authority?
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The requirement that agents not commingle insurance monies with their own funds is known as
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What is the purpose of establishing the target premium for a universal life policy?
What is the other term for the cash payment settlement option?
Circulating deceptive sales material to the public is what type of Unfair Trade Practice?
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What is the purpose of establishing the target premium for a universal life policy?
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What documentation grants express authority to an agent?

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