Michigan credit Study guides, Class notes & Summaries

Shawn, Mike, and Dave are brothers who have a $100,000 "first to die" joint life policy covering all three of their lives. If Mike dies first, the policy proceeds A.) Will no longer provide insurance protection B.) Will go to Mike's estate C.) Wwill be divided by probate D.) Will not be paid until the last brother dies - Answer-A.) Will no longer provide insurance protection Susan is insured through her Group Health Insurance plan and changed her coverage to an individual plan with...

What amount will be paid under a policy where the insured misstated his/her age? ️ an amount the premium would have purchased at the correct age the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days ️ 30 days which of these is considered to be a Living benefit option in a life insurance policy ️ Accelerated death benefit loans obtained by a policy owner against the cash value of a life insurance policy ️ ...

Chapter Michigan laws Questions and Answers 100% Solved Under Michigan law, which of the following would not be considered an illegal inducement A promotional item with the producers name and address valued at five dollars And insured dies from what appears to be accidental causes. When confirming the cause of death, which of these actions by the insured takes precedence? Autopsy The acceptance of a credit life application requires the submission of a certificate of insurance to t...

Final Exam - Michigan Life and Health Part 2 Questions and Answers Already Passed The acceptance of a credit life application requires the submission of a certificate of insurance to the insured within ___ days. 10 20 30 40 30 Karen is a producer who has obtained personal information about a client without having a legitimate reason to do so. Under the McCarran-Ferguson Act, what is the minimum penalty for this? $0 $5,000 $10,000 $15,000 $10,000 Which of these...

Shawn, Mike, and Dave are brothers who have a $100,000 "first to die" joint life policy covering all three of their lives. If Mike dies first, the policy proceeds A.) Will no longer provide insurance protection B.) Will go to Mike's estate C.) Wwill be divided by probate D.) Will not be paid until the last brother dies - A.) Will no longer provide insurance protection Susan is insured through her Group Health Insurance plan and changed her coverage to an individual plan with the sa...

Michigan Life and Health Part 2 Final Exam Questions And Answers (Verified And Updated) The acceptance of a credit life application requires the submission of a certificate of insurance to the insured within ___ days. 10 20 30 40 - answer30 Karen is a producer who has obtained personal information about a client without having a legitimate reason to do so. Under the McCarran-Ferguson Act, what is the minimum penalty for this? $0 $5,000 $10,000 $15,000 - answer$10,000 Which of the...

The University of Michigan Electrical Engineering & Computer Science EECS 281: Data Structures and Algorithms Winter 2021 Lab 1: Tools for EECS 281 Instructions: Work on this document with your group, then enter the answers on the canvas quiz. Note: Please complete the Prelab (found in the Lab 1 Canvas folder)! Be prepared before you meet with your lab group, and read this document so that you know what you must submit for full credit. You can even start it ahead of time and then ask q...

P is a producer who is licensed in Indiana , but a resident of Michigan . In Indiana , P is considered to be a ( n ) __________ producer . - correct answer -nonresident . Why would the Insurance Commissioner issue a temporary license ? - correct answer -To allow the personal representative of a deceased producer to provide service to existing policyowners Which provision is NOT a requirement in a group life policy ? - correct answer -Accidental A ( n ) _________ beneficiary may be chang...

True/False: Original C-II prescriptions are allowed to have refills. - false New C-II prescriptions are valid for ______ days from the original date: - 90 A reconstitutable medication is good for ____ days once mixed: - 10-14 A pharmacy technician in Michigan must complete how many continuing education credit hours to renew their license: - 20 How many units is 1 ml of insulin equivalent to? - 100 units Which class of medications does Motrin belong to? - NSAIDs Doctors are required to pro...

Xcel Solutions IN Life Insurance Final Exam Xcel Solutions IN Life Insurance Final Exam P is a producer who is licensed in Indiana , but a resident of Michigan . In Indiana , P is considered to be a ( n ) __________ producer . nonresident . Why would the Insurance Commissioner issue a temporary license ? To allow the personal representative of a deceased producer to provide service to existing policyowners Which provision is NOT a requirement in a group life policy ? Accidental A ( n...