Podcast
Questions and Answers
is the act of tricking the holder of a long term insurance policy into letting it lapse and taking out another policy that is the same kind by using misrepresentation
is the act of tricking the holder of a long term insurance policy into letting it lapse and taking out another policy that is the same kind by using misrepresentation
A estate set up for emergencies, business opportunies or retirement.
A estate set up for emergencies, business opportunies or retirement.
What is the responsibility of the fiduciary capacity in which the salesperson acts?
What is the responsibility of the fiduciary capacity in which the salesperson acts?
the clients, company, commission and to themselves
A salesperson should always ensure that each payment towards a premium is recorded in a
A salesperson should always ensure that each payment towards a premium is recorded in a
Match the following
Match the following
How to go about declaing a "trustee"?
How to go about declaing a "trustee"?
List 3 reasons why the commission may reject the application of someone applying to be a sales persons?
List 3 reasons why the commission may reject the application of someone applying to be a sales persons?
What is a Lapse?
What is a Lapse?
There are various Types of health insurance plans available in The Bahamas. Some Plans are:
There are various Types of health insurance plans available in The Bahamas. Some Plans are:
When any part of a policy or insurance product is sold at less than the premium set out in the policy, or if the insured is allowed a commission.
When any part of a policy or insurance product is sold at less than the premium set out in the policy, or if the insured is allowed a commission.
A sales person can be sponsored by only one company.
A sales person can be sponsored by only one company.
What information is displayed in the premium receipt book?
What information is displayed in the premium receipt book?
Name and describe any two types of long term insurance policies.
Name and describe any two types of long term insurance policies.
What is a term rider?
What is a term rider?
Name the two kinds of term riders?
Name the two kinds of term riders?
Name the two kinds of term riders?
Name the two kinds of term riders?
If a policy is lost, who can request a replacement?
If a policy is lost, who can request a replacement?
Who is responsible for the salesperson for continuing education?
Who is responsible for the salesperson for continuing education?
Match the following
Match the following
Under what section gives the commission right to suspend the registration of an intermediary?
Under what section gives the commission right to suspend the registration of an intermediary?
What information must be provided to the commission when a salesperson is terminated?
What information must be provided to the commission when a salesperson is terminated?
Company's fine if found to be committing an offense
Company's fine if found to be committing an offense
Calculate the date rate. if 50% is expected to die in a population of 10,000/
Calculate the date rate. if 50% is expected to die in a population of 10,000/
What is a subclass of variable life insurance?
What is a subclass of variable life insurance?
