Insurance Flashcards
A funeral prearrangement life insurance agent must be supervised by:
No one.
What is the maximum initial guaranteed death benefit that a prearrangement life insurance may sell?
15,000
A funeral prearrangement life insurance agent license will expire when the agent:
Fails to submit a renewal form and fee at the end of each two year renewal period.
When an application for an insurance agent license is denied, except for failure to pass the examination, the applicant may NOT re-apply for at least:
60 months
An agents insurance license could be suspended or revoked if the agent:
Fails to remit premiums.
Which document must be offered at the beginning of a sales presentation for funeral goods and services?
The General Price List ( GPL)
What must you do with the general price list (GPL) for a funeral goods and services meeting?
The GPL must be given to the purchaser to keep
The general price list (GPL) must include what three things?
1) The funeral providers name and address 2) the effective date 3) the exact caption stating “General Price List”
The required disclosures for the GPL:
Must use identical working given in the FTC federal rule
As part of a prearranged funeral sale, the seller must disclose that:
Embalming is optional when the burial is immediate 
