All of the following would be considered to be rebating EXCEPT A) An agent offers to share his commission with a policyholder B) An agent offers tickets to a baseball game. All of the following are considered acts of rebatin except: A) An agents sends holiday greeting cards to all the clients on his mailing list B) An agent provides an all-expenses paid cruises to a client and his wife in exchange for writing the coverage on his national chain of restaurants. damage to the property of others. All of the following actions are considered rebating except. The minimum age at which a person can sign a life insurance application is. An example of rebating would be Offering a client something of value not stated in the contract in exchange for their business Rebating- offering a prospect something of value that is not specified in a contract in order to induce the purchase of the contract Which of the following is considered to be misrepresentation?. Writing the least amount of policy provisions as possible in a given policy A C. All of the following actions are considered rebating except sharing commissions with other licensed and appointed agents An insurer, in general business practice, fails to promptly provide a reasonable explanation for the denial of a claim. All of the following would be considered rebating. com>All of the following would be considered rebating. All of the following would be considered rebating except. offering employment as an incentive to purchase insurance 4. Completing a renewal application 3. Rebating can be anything of economic value, given as an inducement to buy. All of the following would be considered to be rebating EXCEPT A) An agent offers to share his commission with a policyholder B) An agent offers tickets to a baseball game as an inducement to buy insurance C) An agent uses misrepresentation to convince a person to cancel an existing policy and take a new policy from him. Solved All of the following provisions must be. Comments There are no comments. Misappropriating money belonging to an insurance company or insured. Rebate: Definition, Types, Examples, Vs. (1) No insurance agency agent shall rebate any portion of a commission except as follows: (a) The rebate shall be available to all insureds in the same actuarial class. Payment of license renewal fee2. closely regulated and requires full disclosure. closely regulated and requires full disclosure. All of the following are true regarding rebates EXCEPT Options A. expenses the insured incurs rendering the first aid for bodily injury to third parties 4. Rebate: A rebate is the portion of interest or dividends earned by the owner (lender) of securities that are paid to a short seller (borrower) of the securities. All of the following are true regarding group term life insurance, EXCEPT: Evidence of insurability is not required to renew coverage. The surrender value should be equal to 100% of the premium paid,. PracticeTest Flashcards by Gabriel Martinez. Expert Answer. All of the following would be considered to be rebating EXCEPT A) An agent offers to share his commission with a policyholder B) An agent offers tickets to a baseball game as an inducement to buy insurance C) An agent uses misrepresentation to convince a person to cancel an existing policy and take a new policy from him. Discouraging agents from terminating their appointmentsC. A 3 there is no guaranteed minimum death benefit. an agent offers to share his commission with a policyholder. offering a country club membership as an inducement to purchase insurance 3. An insurer pays an independent adjuster to settle a loss in favor of the companys insured. Chapter 16 Exam Questions Flashcards. Rebating can be anything of economic value, given as an inducement to buy. Each of the following is necessary for an insurance license to be renewed, EXCEPT:1. An agent who offers a cash reward to a prospect for buying a policy is guilty of. Which of the following types of insurance policies is commonly used in credit life insurance?. Discouraging policyholders from dropping existing policies 16 Q. A producer returns a portion of the commission to an insured. All of the following are true regarding rebates EXCEPT Options A. An example of rebating is: A) Giving a 10% rate discount as advertised by the company. Transcribed image text: All of the following would be considered rebating EXCEPT. An example of rebating is: A) Giving a 10% rate discount as advertised by the company. Failure of a producer to meet company imposed sales quotas for two consecutive periods C. All of the following are true regarding group term life insurance, EXCEPT: Evidence of insurability is not required to renew coverage. This is considered to be an unfair claim settlement practice. An example of rebating is: A) Giving a 10% rate discount as advertised by the company. all of the following actions are considered rebating EXCEPT: 1. All of the following would be considered to be rebating EXCEPT a. The surrender value should be equal to 100% of the premium paid, minus any prior withdrawals and surrender charges. of the following groups may not be insured by a group >Which of the following groups may not be insured by a group. Chapter 7 Life Flashcards by Benjamin Palmer. Florida Laws and Rules Pertinent to Insurance>8 – Florida Laws and Rules Pertinent to Insurance. Rebates are only allowed if specifically stated in. All of the following are true regarding rebates EXCEPT Rebates are allowed if its in the best interest of the client. 5 Q All of the following are characteristics of variable whole life EXCEPT the premium is level there is no guaranteed cash value there is no guaranteed minimum death benefit. All of the following actions are considered rebating EXCEPT Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. Rebates are allowed if its in the best interest of the client. Texas Life & Health Exam Questions Flashcards Preview. the agent must be licensed in both insurance and securities. When secretly accepted by a subcontractor from a contractor in return for obtaining a job, it may be illegal. Rebate offers which are offered in connection with an installment contract are subject to regulation under the Federal Truth-in-Lending Act, which requires a series of loan disclosures. All of the following are true regarding rebates EXCEPT: A. Test Questions Flashcards. All of the following are true regarding rebates EXCEPT Options A. Additional coverages in the liability section of ahomeowners policy cover all all of the following except 1. All Of The Following Would Be Considered Rebating ExceptRebating is an unfair trade practice and is regulated by law. an agent uses misrepresentation to convice a person to cancel an existing policy and take a new policy from him b. Rebates are only allowed if specifically stated in the policy. B) Giving an agent a financial favor for overlooking a risk. Rebates are only allowed if specifically stated in the policy. Primerica Regulations Flashcards by Jane Wilson. All of the following actions are considered rebating EXCEPT sharing commissions with other licensed and appointed agents refunding part of the premium as an inducement for purchase offering special dividends offering anything of value not specified in the policy A sharing commissions with other licensed and appointed agents 18 Q. All of the following are true regarding rebates EXCEPT Options A. All of the following would be considered rebating except: sharing commissions with other licensed and appointed agents. All of the following would be considered to be rebating EXCEPT A) An agent offers to share his commission with a policyholder B) An agent offers tickets to a baseball game as an inducement to buy insurance C) An agent uses misrepresentation to convince a person to cancel an existing policy and take a new policy from him. A deferred annuity cannot be surrendered prior to annuitization. Statutes & Constitution :View Statutes : Online Sunshine. 8 – Florida Laws and Rules Pertinent to Insurance. Which of the following groups may not be insured by a group. Texas Statutes and Rules Common to LifeQ1 questions. Life Insurance Exam Quiz pt. 5 Q If a contract provides a set amount of income for two or more persons with the income stopping upon the first death of the insured, it is called a 1. All of the following would be considered to be rebating EXCEPT A) An agent offers to share his commission with a policyholder B) An agent offers tickets to a baseball game as an inducement to buy insurance C) An agent uses misrepresentation to convince a person to cancel an existing policy and take a new policy from him. All of the following may cause the Commissioner to suspend or revoke the license of an insurance producer, EXCEPT A. Added 10/30/2021 2:46:29 PM This answer has been confirmed as correct and helpful. D) An agent paying the first 6 months premiums for a friend if he will buy a policy. An agent who deliberately makes a malicious statement about another insurance company is guilty of an illegal trade practice called. All of the following would be considered rebating except: sharing commissions with other licensed and appointed agents. sharing commissions with other producers 2. MI Insurance Regulation Flashcards. The applicant and possibly the agent initial any changes made. The correct answer is: The policy is issued for one year and may be renewed annually with evidence of insurability. Dividends are not considered to be rebates. All of the following are considered acts of rebatin except: A) An agents sends holiday greeting cards to all the clients on his mailing list B) An agent provides an all-expenses paid cruises to a client and his wife in exchange for writing the coverage on his national chain of restaurants. writing primarily controlled business. Find and create gamified quizzes, lessons, presentations, and flashcards for students, employees, and everyone else. Discouraging policyholders from dropping existing policiesD. All of the following are true regarding rebates EXCEPT: A. An agent’s license can be suspended or revoked by. Charging the lowest possible premium for the highest possible benefitB. C) Using a rate comparison chart to show your companys lower rates. Dividends are not considered to be rebates. giving back commissions to a client. Chapter 11 part 2 Flashcards. All of the following are true regarding rebates EXCEPT>All of the following are true regarding rebates EXCEPT. All of the following actions are considered rebating except 1 See answer Advertisement aarinimishra75 All the following actions are considered rebating except sharing commissions with other licensed and appointed agents. Her health policy most likely contains a(n) Life insurance policies can refuse to pay benefits for death from all of the following causes of death EXCEPT. All of the following actions are considered rebating EXCEPT sharing commissions with other licensed and appointed agents refunding part of the premium as an inducement for purchase offering special dividends offering anything of value not specified in the policy A sharing commissions with other licensed and appointed agents 18 Q. All of the following actions are considered rebating except sharing commissions with other licensed and appointed agents An insurer, in general business practice, fails to promptly provide a reasonable explanation for the denial of a claim. Dividends are not considered to be rebates. Transcribed image text: All of the following would be considered rebating EXCEPT. Completion of continuing education credits3. All of the following actions are considered rebating except>All of the following actions are considered rebating except. An example of rebating would be Offering a client something of value not stated in the contract in exchange for their business Rebating- offering a prospect something of value that is not specified in a contract in order to induce the purchase of the contract Which of the following is considered to be misrepresentation?. Which of the following situations is considered rebating? OA. All of the following would be considered rebating except: sharing commissions with other licensed and appointed agents. All of the following would be considered rebating except>All of the following would be considered rebating except. Rebates Law and Legal Definition. Rebates are allowed if it’s in the best interest of the client. All of the following actions are considered rebating except 1 See answer Advertisement aarinimishra75 All the following actions are considered rebating except sharing commissions with other licensed and appointed agents. A producer exaggerates the financial strength of the company to an insured. The applicant and possibly the agent initial any changes made. The surrender value will not be more than 80% of the cash value in the annuity at the time of surrender. All of the following actions are considered rebating except sharing commissions with other licensed and appointed agents An insurer, in general business practice, fails to promptly provide a reasonable explanation for the denial of a claim. com>Chapter 16 Exam Questions Flashcards. Transcribed image text: All of the following would be considered rebating EXCEPT. All of the following are true regarding rebates EXCEPT Rebates are allowed if its in the best interest of the client. A life policy loan in Florida cannot charge a fixed rate of interest higher than. Laws and Rules Flashcards. Rebating can be anything of economic value, given as an inducement to buy. GuranteedExamLife Flashcards by Gabriel Martinez. All of the following are true regarding rebates EXCEPT: A. All of the following actions are considered rebating EXCEPT sharing commissions with other licensed and appointed agents refunding part of the premium as an inducement for purchase offering special dividends offering anything of value not specified in the policy A sharing commissions with other licensed and appointed agents 18 Q. All of the following would be considered rebating except: sharing commissions with other licensed and appointed agents. (b) The rebate shall be in accordance with a rebating schedule filed by the agent with the insurer issuing the policy to which the rebate applies. The borrower is required to pay. Texas Life & Health Exam Questions Flashcards Preview>Texas Life & Health Exam Questions Flashcards Preview. Add an answer or comment Questions asked by the same visitor. All of the following actions are considered rebating EXCEPT Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. Find and create gamified quizzes, lessons, presentations, and flashcards for students, employees, and everyone else. All of the following are true regarding rebates EXCEPT. Rebating is an unfair trade practice and is regulated by law. This is considered to be an unfair claim settlement practice. All of the following may cause the Commissioner to suspend or revoke the license of an insurance producer, EXCEPT A.