Who benefits in Investor-Originated Life Insurance (IOLI) when the insured dies? beneficiary insured policyowner insurer
  • policyowner-The policyowner (investor) benefits upon the death of the insured.
  • both an insurance and securities product
  • upon death of the last insured
  • Renewable
According to Florida law, which of the following statements accurately describes an admitted mail order insurance company? It may solicit insurance business by mail without the assistance of a licensed agent It may solicit insurance business by mail only with the assistance of a licensed Florida agent Admitted mail order insurance companies are illegal in Florida Admitted mail order insurance companies cannot solicit insurance business outside the state of Florida
  • premium payments limited to a specified number of years
  • Reimbursement
  • It may solicit insurance business by mail without the assistance of a licensed agent-The correct answer is "It may solicit insurance business by mail without the assistance of a licensed agent". An admitted mail order insurance company may solicit and accept business by mail without the aid of a licensed agent.
  • Insuring
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