Kentucky Life Insurance Exam Questions with 100% Correct Answers Comprehensive Exam-KY Life & Health Questions with Correct Answers Kentucky Life Exam Questions with 100% Correct Answers KY Life Insurance Exam Questions with 100% Correct Answers Life Insurance Exam Kentucky Questions with Correct A...
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Elements of a Contract Correct Answer Competent parties, legal purpose, offer and acceptance, consideration Waiver Correct Answer Voluntary giving up of a known right or privilege, can be express or implied Estoppel Correct Answer A person is prohibited by virtue of his own past actions from c...
Voorbeeld 3 van de 17 pagina's
In winkelwagenElements of a Contract Correct Answer Competent parties, legal purpose, offer and acceptance, consideration Waiver Correct Answer Voluntary giving up of a known right or privilege, can be express or implied Estoppel Correct Answer A person is prohibited by virtue of his own past actions from c...
The premiums paid by an employer for his employee's group life insurance are usually considered to be Correct Answer Tax-deductible to the employer Which of these is NOT considered to be a cost connected with an individual's death? Correct Answer Business expenses These are all accurate stat...
Voorbeeld 2 van de 7 pagina's
In winkelwagenThe premiums paid by an employer for his employee's group life insurance are usually considered to be Correct Answer Tax-deductible to the employer Which of these is NOT considered to be a cost connected with an individual's death? Correct Answer Business expenses These are all accurate stat...
Whether an insurable interest exists between the individuals Correct Answer if an applicant for a life insurance policy and person to be insured by the policy are two different people, the underwriter would be concerned about what Pay a reduced death benefit Correct Answer an insured has had a li...
Voorbeeld 2 van de 11 pagina's
In winkelwagenWhether an insurable interest exists between the individuals Correct Answer if an applicant for a life insurance policy and person to be insured by the policy are two different people, the underwriter would be concerned about what Pay a reduced death benefit Correct Answer an insured has had a li...
A. All the incidents of ownership in the policy belong to the donee. Correct Answer In an outright gift of life insurance to a charity A. All the incidents of ownership in the policy belong to the donee. B. The donor retains the right to name a new beneficiary. C. The cash values in the p...
Voorbeeld 3 van de 25 pagina's
In winkelwagenA. All the incidents of ownership in the policy belong to the donee. Correct Answer In an outright gift of life insurance to a charity A. All the incidents of ownership in the policy belong to the donee. B. The donor retains the right to name a new beneficiary. C. The cash values in the p...
Important Contractual Concepts: Executory Contract Correct Answer Contract that is not completed immediately; some future act remains to be done to consummate the contract Important Contractual Concepts: Contracts of Adhesion Correct Answer one sided contract -- no negotiating Important Contra...
Voorbeeld 2 van de 13 pagina's
In winkelwagenImportant Contractual Concepts: Executory Contract Correct Answer Contract that is not completed immediately; some future act remains to be done to consummate the contract Important Contractual Concepts: Contracts of Adhesion Correct Answer one sided contract -- no negotiating Important Contra...
Risk Correct Answer The uncertainty or chance of a loss occurring Pure Risk Correct Answer Refers to situations that can only result in a loss or no change. There is no opportunity for financial gain. It is the only type of risk that insurance companies are willing to accept. Speculative R...
Voorbeeld 2 van de 9 pagina's
In winkelwagenRisk Correct Answer The uncertainty or chance of a loss occurring Pure Risk Correct Answer Refers to situations that can only result in a loss or no change. There is no opportunity for financial gain. It is the only type of risk that insurance companies are willing to accept. Speculative R...
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