NEVADA LIFE INSURANCE LATEST EXAM UPDATE WITH AMPLE, CORRECTLY ANSWERED ALREADY GRADED A+
During replacement of life insurance, a replacing insurer must do which of the
following?
A Send a copy of the Notice Regarding Replacement to the Department of
Insurance
B Obtain a list of all life insurance policies that will be replaced
C Guarantee a replacement for each existing policy
D Designate a new producer for a replaced policy ✔- B
Which of the following documents must be provided to the policyowner or
applicant during policy replacement?
A Buyer's Guide and Policy Summary
B Policy illustrations
C Notice Regarding Replacement
D Disclosure Authorization Form ✔- C
Which of the following terms is used to describe a person, other than a viator, that
enters into or effectuates a viatical settlement contract?
A Viatical settlement purchaser
B Viatical settlement broker
C Viatical settlement effectuator
D Viatical settlement provider