Which of the following statements regarding an accidental death and dismemberment rider for a disability insurance policy is NOT correct?

A) The dismemberment feature provides insureds with periodic payments to help them during a rehabilitation period.

B) The life insurance feature of this rider does not pay a death benefit if the death is due to natural causes.

C) The sum payable under the dismemberment feature is typically expressed as a muliple of the disability policy's weekly indemnity.

D) Once a sum has been paid under the dismemberment feature, the disability income payments stop.

Answer: A) The dismemberment feature provides insureds with periodic payments to help them during a rehabilitation period.

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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? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

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The pro rata liability clause is designed to protect the principle of
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Fixed annuities provide each of the following EXCEPT
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A domestic insurer issuing variable contracts must establish one or more
All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT
All of these statements about the Waiver of Premium provision are correct EXCEPT
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A beneficiary change can occur
No existing agent's license will be revoked until
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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
In an insurance contract, the applicant's "consideration" is the
Agents may be found guilty of defamation if they make a false statement that is intended to?
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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Which of the following statements about accumulated interest earned on dividends from an insurance policy is TRUE?
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All of the following are true regarding a decreasing term policy EXCEPT
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Who is responsible for assembling the policy forms for insureds?
Life income joint and survivor settlement option guarantees
What is the other term for the cash payment settlement option?
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