Title insurance provides coverage for

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Title insurance provides coverage for

A. Events occuring before the issuance of a policy
B. Events occurning after the issuance of a policy
C NOTA
D. AOTA

Answer: A. Events occuring before the issuance of a policy

Insurance

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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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James is the insured on a life insurance policy where his age was misstated on the application. Which of the following is CORRECT regarding the death benefit amount?

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All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT
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Which of the following best defines target premium in a universal life policy?
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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
Which of the following statements regarding the taxation of Modified Endowment Contracts is FALSE
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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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The authority granted to a licensed producer is provided via the
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Which of these would be the best example of a limited pay life insurance policy?
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The pro rata liability clause is designed to protect the principle of
When the principal gives the agent authority in writing, it's referred to as
What is the benefit of choosing extended term as a nonforfeiture option?
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All of the following are true regarding rebates EXCEPT
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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?
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Circulating deceptive sales material to the public is what type of Unfair Trade Practice?
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What is the other term for the cash payment settlement option?
What documentation grants express authority to an agent?

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