BUNDLE OF WEBCE QUESTION AND ANSWER 2023

webce test questions with complete solution 2023which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph...

WebCE Test 1 Question and answer rated A+ Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? She must move to Pennsylvania. She must surrender her Ohio license. She...

Life and Health Insurance Exam Webce Question and answer 100% solvedRisk Chance of loss Loss Unplanned reduction of economic value Peril cause of loss Hazard a condition that increases the chance of peril Risk Transfer buying insurance to shift the risk to insurance ...

Webce Life and Health Question with answers already solved 2023Representations and Warranties Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Under...

WebCe – Ethics Question with complete solution 2023You have been invited to your niece's wedding reception, and the invitation requests an RSVP. You really don't want to go, and you could simply decline the invitation. But you respond that you will be in attendance, and you check her bridal regi...

WEBCE Practice Exam 100 Questions already solved 2023In general, what is the earliest age at which a person can take a distribution from a qualified plan without a tax penalty? 59 1/2 Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to withdraw funds from the cont...

WebCE Property & Casualty Prep Exam Question with complete solution 2023Risk Chance of loss 5 Risk or Loss Factors 1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard Insurance allows: Individual or group to transfer over to insurance company the risk of financial loss from a destructive...

WebCE Exam Tutor Question with complete solution 2023All of the following are eligible to purchase a group life insurance policy EXCEPT: the Wonderful Widget Company, which employs more than 200 people the State Electrical Workers Union the Retailers Multiple Employer Trust, formed by two retai...

WebCE Quizzes: General Insurance & Life Insurance Questions with answers correct 2023Buying life or health insurance is an example of which risk management technique? risk avoidance risk reduction risk retention risk transfer risk transfer What is the mathematical concept of probabilit...

WebCE Flash Question and answers rated A+ 2023Indirect Loss A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. ...

WebCE: Long-Term Care: Programs, Policies, and Partnerships Question with complete solution 2023What is the Primary Goal of Long Term Care To maintain functionality Which of the following most precisely defines the fundamentals of self-care and the basic tasks of life? Activities of daily l...

Annuity – WebCE Question with complete solution 2023Annuitization is Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? A specified term of years, for life, or a combination of the two. What is the reason (ho...

Insurance webce Question and answers rated A+ 2023risk Chance of loss Pure risk If it's pure you can insure Speculative riak Loss or gain peril The cause of loss Life insurance peril Death Health insurance peril Illness, accidental injury, disability ...

WebCE Practice Quiz with answers rated A+1. The ethical principle, "Place the interests of others above your own," is an example of b. positive actions or results-based ethics 2. Your sister escaped from an abusive husband and is hiding in your basement when her husband knocks on your ...