Which of the following is not true of premium for

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79.Which of the following is NOT true of premium for Group Term Life Insurance?A. Premium rate is usually valid for a one year period.B. Premiums payment mode can be chosen by the group.C. Grace period is usually 30 or 31 days from premium due date.D. Premiums may be paid in full by the policy owner.
C7/6.580.Under premium holiday since there is no premium paid, insurer will sell away the existing unitsfrom the policy to pay for ___________.
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Chapter 15 / Exercise 3
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Billingsley/Gitman
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CFMAS Module 9Mock Exam 4C13/3.181.For insurer to pay a death claim, the attendant physician’s statement has to be completed bythe physician who has attended to the life insured just before his death.Who has to pay thefee for this statement?
Prudential Assurance Company Singapore (Pte) Limited17For Internal Use Only. Based on 5thEdition Text (July 2012)
82.Acting on behalf of an “incapacitated party” is known as ____________.
C13/3.1(v)83.Mr. Tan is married and dies without a will, who will the insurer pay to?A. SpouseB. TrusteesC. Administrator who produces the Letter of AdministrationD. Executor who produces the Grant of Probate
C13/484.What should the adviser do to assist the client or the claimant with the claims settlementprocess?
C14/1.185.As a contract is an agreement, there must be _______________between parties to thecontract.
CFMAS Module 9Mock Exam 4C6/3.386.Reserves for future bonuses is:
Prudential Assurance Company Singapore (Pte) Limited18For Internal Use Only. Based on 5thEdition Text (July 2012)
C15/3.387.In Singapore, Insurance Agents need to be:A. full time if insurance is their core business.B. part time if insurance is their core business.C. part time if insurance is not their core business.D. full or part time if insurance is their core business or not.C14/8.4(d)

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Term
Fall
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Tags
Prudential Assurance Company, Prudential Assurance Company Singapore, Assurance Company Singapore
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Chapter 15 / Exercise 3
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Billingsley/Gitman
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