28. Which of the following statements concerning factors used in the selection and classification process
of applicants for life insurance is
... [Show More] correct?
(A) Applicants must submit document proof of age as part of the application.
(B) Any past health record of the applicant is of little real relevance in the selection process.
(C) The determination of an applicant's mortality expectation involves an examination of the
relationship between height, weight, and girth.
(D) The influence of heredity may be most significant when evaluating a young person's application. -
✔✔(C) The determination of an applicant's mortality expectation involves an examination of the
relationship between height, weight, and girth.
27. Which of the following statements concerning current assumption whole life is correct?
(A) It has a redetermination feature that reconfigures the premium amount in light of recent experience.
(B) It is a variation of traditional whole life that provides no guarantees for the policy-owner.
(C) Its cash value development is more like that of variable life than of any other policy.
(D) It is participating insurance that has several unique dividend features - ✔✔(A) It has a
redetermination feature that reconfigures the premium amount in light of recent experience.
29. Which of the following reinsurance plans is proportional reinsurance?
(A) a stop-loss agreement
(B) a coinsurance agreement
(C) a catastrophe agreement
(D) a spread-loss agreement - ✔✔(B) a coinsurance agreement
30. Which of the following statements concerning the yearly renewable term plan of reinsurance is
correct?
(A) The primary company, rather than the reinsurer, is responsible for surrender values and policy loans.
(B) The reinsurer is liable only for the portion of the policy death benefit equal to the reserve on the
amount of insurance above the primary company's retention.
(C) The reinsurer is responsible for holding the policy reserves [Show Less]