Exam (elaborations)
Insurance license practice XCEL solutions Exam -1 basic principles Questions and Answers 2024
- Course
- Institution
Insurance license practice XCEL solutions Exam -1 basic principles
[Show more]
Content preview
Insurance license practice XCELsolutions Exam #1 basic principles
Question 1
Which of the following requires insures to disclose when an applicant's consumer of
credit history is being investigated? - answer1970 Fair credit reporting act
Question 2
The stated amount of percent of liquid assets that an insurer must have on hand that
will satisfy future obligations to its policyholders is called? - answer Reserves
Question 3
A group-owned insurance company that is found to assume and spread the liability risks
of its members is known as a? - answer Risk retention group
Question 4
A nonprofit incorporated society that does not have capital stock and operates for the
sole benefit of its members is known as? - answer A fraternal benefit society
Question 5
An insurance applicant MUST be informed of an investigation regarding his/her
reputation and character according to the? - answer Fair credit reporting act
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Dreamer252. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82215 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now