Business > TEST BANK > Primerica Life Insurance Practice Questions Compilation | 1954 Questions with 100% Correct Answers | (All)

Primerica Life Insurance Practice Questions Compilation | 1954 Questions with 100% Correct Answers | Updated & Verified | 245 Pages

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When applying for an individual life insurance policy, an applicant states that he went to the doctor for nausea, but fails to mention that he was also having severe chest pains. What is this act ca... lled? - >>>>Concealment If during a sales presentation a producer intentionally makes a statement which may mislead the insurance applicant, the producer has committed? - >>>>Misrepresentation If a consumer requests additional information concerning an investigative consumer report, how long does the insurer or reporting agency have to comply - >>>>5 days An insured must get advance warning if the premium will be increased by more than - >>>>15% Insurance is the transfer of - >>>>Risk The authority granted to an agent though the agents contract is referred to as - >>>>Express Authority A property insurance clause that extends broader legislated or regulated coverage to current policies, so long as I does not result in a higher premium - >>>>Liberalization [Show More]

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