If Scott and Wendy file bankruptcy, which of the following is TRUE regarding their insurance policy

a. Scott and Wendy can abandon their property to the insurance company because they no longer have an insurable interest.

b. The insurer's responsibilities are not eliminated.

c. The mortgage company loses its interest in the property.

d. Scott and Wendy's interest in their property is excess over any other creditors.

Answer: b. The insurer's responsibilities are not eliminated.

Insurance

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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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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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Who is responsible for assembling the policy forms for insureds?
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