Life Insurance 110
Life Insurance 110 has been constructed to provide Eight continuing education credit hours in the concept of Life, Accident and Health for insurance professionals. Course approval number: 220818
Title Page
Course Description
Course Outlay
Introduction
Powers and Duties
Examination of Books and Records
Investigations/Notice of hearing
Penalties and Fines
Cease and Desist Orders
Domestic, Foreign, and Alien insurers
Admitted vs. Non-admitted Insurers
Sell, Solicit, Negotiate
Licensing
Producer (Resident) License
Non-Resident Producer License
Temporary Producer
License Fees and Application
Maintenance and Duration
Change of Address
Continuing Education Requirements
Reinstatement of License
Appointment/Termination of Appointment
License probation, revocation, suspension, or denial of reissuance
Unfair and Prohibited Practices
Unfair Discrimination
Misrepresentation and False Advertising of Policy Contracts
False Information and Advertising Generally
Boycott, Coercion, and Intimidation
Unfair Claims Settlement Practices
Fraud
False Financial Statements
Fiduciary Capacity
Misappropriation of Funds
Commissions
Reporting of Actions
Chapter 1 Quiz
Introduction
Traditional Whole Life Products
Ordinary Whole Life
Limited-Pay and Single-Premium Life Insurance
Interest/Market Sensitive/Adjustable Life Products
Universal Life Insurance
Variable Whole Life
Variable Universal Life
Interest-Sensitive Whole Life
Indexed Life
Term Life
Types
Level
Decreasing
Return of Premium
Annually Renewable
Special Features
Renewable
Convertible
Annuities
Single, Level, and Flexible Premium
Immediate and Deferred
Fixed and Variable
Indexed
Accumulation and Annuity Periods
Payout Options
Combination Plans and Variations
Joint Life (First to Die)
Survivorship Life (Second to Die)
Quiz Chapter 2
Introduction
Policy Riders
Waiver of premium and Waiver of monthly deduction
Guaranteed Insurability
Payor Benefit
Accidental Death and/or accidental death and dismemberment
Term Riders
Other Insureds
Long Term Care
Return of Premium
Disability
Cost of Living
Policy provisions and Options
Entire Contract
Insuring Clause
Free Look
Consideration
Owner’s Rights
Beneficiary Designations
Primary and Contingent
Revocable and Irrevocable
Common Disaster
Minor Beneficiaries
Designation by Class
Premium Payment
Modes
Grace Period
Automatic Premium Loan
Level or Flexible
Reinstatement
Policy loans, withdrawals, and partial surrenders
Nonforfeiture Options
Dividends and dividend options
Incontestability
Assignments
Suicide
Misstatement of age and gender
Settlement Options
Accelerated Death Benefits
Policy Exclusions
War
Aviation
Dangerous Occupation