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An agent will be personally liable for claims originating from any insurance policies O covered...

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An agent will be personally liable for claims originating from any insurance policies O covered by the Life and Health Guaranty Association O sold by the agent for companies authorized to conduct business in North Carolina O sold by the agent for companies NOT authorized to conduct business in North Carolina Othat contain exclusions or modifications At what point does a Whole Life Insurance policy endow? O At age 65 O When premium paid equals the death benefit O When the cash value equals the death benefit O In 30 years or age 65, whichever comes first An architecture firm would stand to lose a lot of money in the event of the death of its project manager Which type of policy should the firm purchase on its project manager? Universal life insurance Okey Person insurance Graded insurance Executive insurance Which of the following types of permanent life insurance policies offers the highest initial cash value? Single premium Limited pay Straight whole Interest-sensitive

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