100% tevredenheidsgarantie Direct beschikbaar na je betaling Lees online óf als PDF Geen vaste maandelijkse kosten
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
Alabama Life and Health Insurance Exam Solved 100% Correct!! $11.49
In winkelwagen
Snel navigeren naar
Voorbeeld
  2.  
  3. Alabama Life And Health Insurance
  4.  
  5. Alabama Life and Health Insurance

Tentamen (uitwerkingen)

Alabama Life and Health Insurance Exam Solved 100% Correct!!
 0 keer verkocht
  • Vak
  • Alabama Life and Health Insurance
  • Instelling
  • Alabama Life And Health Insurance

Alabama Life and Health Insurance Exam Solved 100% Correct!! a predetermined limit. Insurance is a method risk is transferred to an insurer for consideration up to 1. spouses in each other 2. parents in their children 3. creditors in their debtors Which of the following would be considered ...

[Meer zien]

Voorbeeld 3 van de 20  pagina's

Document informatie

  • 31 oktober 2023
  • 20
  • 2023/2024
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden

Onderwerpen

  • alabama life and health insurance exam solved 100

Geschreven voor

  • Alabama Life and Health Insurance
Alle documenten voor dit vak (268)

Verkoper

avatar-seller
LectDan

Ontvangen beoordelingen

Voorbeeld van de inhoud

Alabama Life and Health Insurance Exam Solved 100%
Correct!!
a predetermined limit.
Insurance is a method risk is transferred to an insurer for consideration up to
1. spouses in each other
2. parents in their children
3. creditors in their debtors
Which of the following would be considered proper establishment of insurable interest in
the life insurance area?
It is called the mortality rate
Which of the following statements about the average number of people who die each
year is true?
Equal value is not necessarily given by both parties to the contract
An insurance contract is an aleatory contract. This means:
Only the insurance company is bound to live up to its side of the agreement
A life insurance policy is a unilateral contract because:
1. Legal purpose
2. Offer and acceptance
3. Consideration
All of the following are elements of a contract
Unauthorized company
A company that has not received permission from an Insurance Commissioner to do
business in his or her state is called a/an:
A written or oral statement which is false
Misrepresentation is:
Adverse Selection
The chance that a person who anticipates a loss will purchase insurance is:
Assumption of risk
Assuming a deductible with your insurance policy is which type of risk management
technique?
Morbidity tables
In the Health-Disability area we use what type data to produce rates?
An authorized company
A company that is licensed to sell insurance in a particular state is:
To have the applicant pay the initial premium at the time of application
he most effective way to ensure that the applicant will accept the policy when it is issued
is:
A mutual insurance company
Which is the proper term for a company owned by its policy owner?
Fines, imprisonment or both
The punishment for fraud or making false statements may include:
Always the insurer
A producer who is acting as an agent is representing:
consideration

,The premium paid and the statements on the application to the insurance company is
called
the policy owner must expect to suffer a loss if the insured dies.
In life insurance the insurable interest requirements is generally satisfied if:
1. Statements relied upon by a second party who then suffers a loss
2. Intent to gain advantage
3. An intentional misrepresentation made by the applicant
Each of the following would be an element in the definition of fraud
The uncertainty of loss
Risk may be defined as:
prove this was both intentional and material
A father did not reveal that his daughter suffers from asthma on the application for a
health policy. In order to avoid paying a claim the insurer must
competent parties
In order to be valid, a contract must be between individuals considered legally able to
enter into an agreement. This principle is known as:
Making a formal request to the company for an insurance policy.
When signing the application form, the proposed insured is:
The policy, its endorsements, and any attached papers
What constitutes an entire insurance contract?
True
T/F Misrepresentations on the part of an applicant as to the health or other conditions of
the applicant must be deliberate and material for an insurer to avoid coverage.
True
T/F Misrepresentation is a deliberate false representation on the part of the agent or
insurer as to the terms and conditions of the policy its terms and benefits.
True
T/F Warranties are not used in the life-health-disability area.
generally presents no possibility of financial gain.
A pure risk
The possibility the painting you bought might be a long lost masterpiece
Which of the following would be considered a speculative risk?
The principle of life insurance
To what does the statement spreading the result of financial loss created by an
individual's death among many persons, so the cost for each individual is small refer?
A producer is never permitted to make a change in policy wording
Select the correct statement.
Both the insured and the insurer
The policy conditions represent the obligations of:
Developed from the deaths of millions of persons over long periods of time.
Mortality figures are normally developed by studying and interpreting statistics:
1. The advanced premium payment for each application
2. Minimum number of applications for insurance
3. A surplus as specified by the state
To be able to start operations, a mutual company must have all of the following

, 1. in marine insurance
2. in insuring famous people
3. in the reinsurance business
Lloyd's of London is involved
the insured does have to accept the contract as written by the insurer so all
ambiguities will be resolved in favor of the insured.
The legal concept of Adhesion is a bit of a problem to insurers because.
Reduction of risk
Living a healthy life style is an example of which risk management technique?
A transfer of risk
Purchasing a life policy is a good example of:
In the state where its home office is located
A company is domiciled:
One promiser unilateral and one author adhesion.
Contract law terms unilateral and adhesion have a common element?
1.estate creation
2.survivor protection
3.estate protection
What is the basic purpose of life insurance?
1. statements made on the on the application
2. premium
3. promise to pay if a loss occurs
In insurance and contract law in general the term consideration means?
the agent or producer
Under your agency contract you are know as?
Rebating
Offering any inducement of valuable consideration whatever not specified in the terms
of the contract.
Licensed Alabama Producer.
Life-Health and Disability policies written or subjects of insurance in Alabama must be
issued by and through a:
1. Denial of an insurance license.
2. Suspension of an insurance license.
3. Revocation of an insurance license.
A violation of the Alabama Insurance Code may result in the following:
Certificate of Authority.
Insurers in Alabama authorized and approved to do business in this state receive this in
a:
Rebating
A producer offered to give half his commission to a client if he would buy a policy from
him,this is illegal and is called?
24 hours.
A producer who is subject to the continuing education requirement will be required to
show they have complete at least ___ ____ of continuing education every two years.
Consultant.

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, Bancontact of creditcard en je bent klaar. Geen abonnement nodig.

Focus op de essentie

Focus op de essentie

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper LectDan. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor $11.49. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 64257 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Start met verkopen

Laatst bekeken door jou

Samenvatting ·

(0)

Samenvatting Hoorcolleges - Sociaal methodisch werken: verdiepen en verbreden 2 (92SMW3040)

Case uitwerking ·

(0)

Sheila Dalton_Final_Clinical_Surgical_Pain_Management_Unfolding_Reasoning_1 | NURSE 400 Post-op Pain Management: Cardiac Arrest (2/2) - American River College

Tentamen (uitwerkingen) ·

(0)

The Human Body in Health and Disease 7th Edition by Patton TEST BANK ISBN:978-0323402101, All Chapters 1 - 25 Complete Guide A+

Tentamen (uitwerkingen) ·

(0)

NURS 5304 - Focused Exam Pain Management Patient Teaching.

Tentamen (uitwerkingen) ·

(0)

NR 507 ADVANCED PATHOPHYSIOLOGY CHAMBERLAIN FINAL EXAM|| ALL QUESTIONS AND 100% CORRECT ANSWERS ALREADY GRADED A+|| LATEST AND COMPLETE VERSION 2024 WITH VERIFIED SOLUTIONS|| ASSURED PASS!!!

Tentamen (uitwerkingen) ·

(0)

NUR 001 Respiratory Completed Shadow Health Transcript GRADED A

Samenvatting ·

(0)

Causal Analysis Techniques

$11.49
  • (0)
In winkelwagen
Toegevoegd