TEXAS ESTHETICIAN > EXAM > Texas Life Insurance Exam 3 (Latest 2023-2024) A++ Exam with All New Qs & As - Guaranteed Pass! (All)
Texas Life Insurance Exam 3 (Latest 2023-2024) A++ Exam with All New Qs & As - Guaranteed Pass!
Document Content and Description Below
1. Insurance (General concept) Answer: - transfers the risk of loss from an individual to an insurer - based on the principle of indemnity - based on the principle of risk (risk pooling) 2. insu... rable interest (General Concept) Answer: - must exist at the time of the application - insuring one's own life, family member, or a business partner 3. Solicitation and sales presentation Answer: - illustration- presentation of nonguaran-teed elements - buyer's guide is generic information about life polices which must be provided atthe time of application - policy summary is a description of features and benefits of the policy being issuedand must be provided when the policy is delivered. 4. Underwriting (Field underwriting (by agent) Answer: - application completed andsigned - agent's report: agent's observation about the application that can assist inunderwriting -premiums with application and conditional receipts 5. underwriting ( company underwriting) Answer: - multiple sources of information: ap-plications, consumer reports, MIB (Medical Information Burea [Show More]
Last updated: 1 year ago
Preview 1 out of 15 pages
Buy this document to get the full access instantly
Instant Download Access after purchase
Buy NowInstant download
We Accept:
Reviews( 0 )
$10.00
Can't find what you want? Try our AI powered Search
Document information
Connected school, study & course
About the document
Uploaded On
Apr 22, 2024
Number of pages
15
Written in
Additional information
This document has been written for:
Uploaded
Apr 22, 2024
Downloads
0
Views
25
.png)
.png)
