How Long Does An Insurance Company Appointment Remain In Force?

How Long Does An Insurance Company Appointment Remain In Force? An insurance company appointment remains in force until it is terminated by the appointing company or the agent. The appointing company can terminate the appointment at any time, for any reason, with or without cause. An agent can also terminate the appointment at any time, for any reason, with or without cause.

How long can a cash surrender value payment be deferred by the insurance? Cash surrender value payments can be deferred by the insurance company for an indefinite period of time. The insurance company may choose to offer a policy holder the option to defer a cash surrender value payment for a specific number of years or until a certain event occurs. If the policy holder does not elect to defer the payment, the insurance company may choose to pay the cash surrender value in a lump sum or over a period of time.

What is an organization that solicits insurance only to its member? An organization that solicits insurance only to its members is typically called a mutual or reciprocal insurer. These organizations are owned by their policyholders and are not-for-profit.

How long is an insurance company allowed to defer policy loan requests? There is no definitive answer to this question as it can vary from company to company. Typically, an insurance company will allow a policy loan request to be deferred for a certain amount of time, such as six months or a year. If the policy loan request is not repaid within that time frame, the insurance company may then begin charging interest on the outstanding balance.


Frequently Asked Questions

How Many Days Notice Must An Insurer Provide To An Insured Regarding The Lapse Of A Policy Due To Outstanding Loans?

An insurer must provide at least 30 days notice to an insured before the policy lapses due to outstanding loans.

How Long Can An Insurer Delay Payment Of Cash Value?

The insurer can delay payment of cash value for as long as it wants, but the longer it delays, the more interest the policyholder will owe.

How Long Can A Cash Surrender Value Payment Be Deferred By The Insurance Company Under The Nonforfeiture Law Quizlet?

The maximum deferral period under state law is 10 years.

What Happens When A Life Insurance Policy Is Surrendered For Its Cash Value Quizlet?

When a life insurance policy is surrendered for its cash value, the insurer pays the policyholder the cash value of the policy. The insurer may also charge the policyholder an surrender charge.

How Long Can A Cash Surrender Value Payment Be Deferred?

A cash surrender value payment can be deferred for an indefinite period of time. The insurer has no obligation to pay the cash surrender value, and the policyholder has no right to demand payment, until the policy is terminated.

What Is The Minimum Benefit Period That Must Be Offered By A Long Term Care Policy?

There is no definitive answer to this question as it may vary depending on the specific long term care policy in question. However, many long term care policies will offer a minimum benefit period of at least two years.


An insurance company appointment remains in force until it is terminated. The appointment may be terminated by the insurance company or the producer.

How Long Does An Insurance Company Appointment Remain In Force?

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