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Insurance Quiz

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1. - Proper solicitation of applicants - Helping prevent adverse selection - Completing the application - Obtaining the required signature - Collecting initial Premium and issuing the receipt - Delivering the policy




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2. This document provides basic, GENERIC information about life insurance policies that contains, and is limited to, language provided by the Department of Insurance. This is called...




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3. Policy termination due to nonpayment of premium




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4. Appointment date Medical Exam Death Policy Issued




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5. To purchase insurance, the policyowner must face the possibility of losing money or something of value in the event of loss. This must be exist on a life insurance policy at the application or issued date This is called...




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6. Agent/Producer, Applicant, and Policyowner (if not proposed insurer)




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7. A person applying for insurance




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8. commonly purchased to insure the payment of a mortgage or other debts




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9. a person's net worth




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10. Untrue statements on application




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11. Life Insurance




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12. Attending Physician's Statement (APS)




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13. Do Not Call List




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14. Representation




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15. Policyowner




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16. NJ Replacement




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17. Renewable Life Insurance




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18. Material Misrepresentation




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19. Field Underwriting




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20. Receipt





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