Category: Uncategorized

Under one life insurance marketing system, agents conduct sales interviews at the workplace with the approval of the management of the business. There are few direct costs to the employer, and this marketing system is especially appropriate for low-income and middle-income workers. This life insurance marketing system is called the

Advantages of the direct response system for marketing life insurance include which of the following?I.Advertising can be specifically directed to selected markets.II.Complex products can be easily sold.

Under one type of rating law, insurers are free to change rates and to use modified rates immediately. However, the new rate must be filed with regulators within a specified period, such as 60 days after the modified rate is employed. This type of rating law is called

Which of the following statements about Blue Cross and Blue Shield plans is (are) true?I.Blue Cross and Blue Shield plans can be organized on a nonprofit basis or on a for-profit basis.II.Blue Cross provides coverage for hospital services; Blue Shield provides coverage for physicians’ and surgeons’ fees.

All of the following statements about life insurance company investments are true EXCEPT

Which of the following statements about life insurance marketing systems is true?

An insurance company incorporated in another state has been licensed to operate in your state. In your state, the insurer would be considered a(n)

The limbic system is highly associated with

Bob purchased insurance on his home with an insurer that was not licensed to do business in the state. In this case, which requirement to form a binding insurance contract is lacking?

Under one type of rate regulation, insurers do not have to register their rates with state regulatory authorities. However, insurers may be required to furnish rate schedules and supporting data to state officials. A fundamental assumption underlying this type of rating law is that market forces will determine the price and availability of insurance, rather than discretionary acts of regulators. This type of rate regulation is called