One of the prohibited provisions precludes a life insurance policy from taking effect more than how many months before the original application was made?

A) Six months.

B) Five months.

C) Two months.

D) Three months.

Answer: Six months.

Nebraska Law

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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?

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Purchasing a life insurance policy in order to avoid the forced sale of assets upon death is called
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Insurance represents the process of risk
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What is the purpose of establishing the target premium for a universal life policy?
Which of the following is NOT true regarding the accumulation period of an annuity?
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Which of the following is true regarding a market value adjusted annuity?
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What documentation grants express authority to an agent?

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