Package deal
Alabama Insurance COMPILED PACKAGE DEAL EXAMS GRADED A+
Alabama Insurance COMPILED PACKAGE DEAL EXAMS GRADED A+
[Show more]Alabama Insurance COMPILED PACKAGE DEAL EXAMS GRADED A+
[Show more]Billy is the owner of a life insurance policy and has chosen a policy settlement option under which the company will pay the beneficiary (his widow) an income each month for as long as she lives. Payment stops at her death. Which settlement option has Billy selected? A. Fixed amount option B. Fi...
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Add to cartBilly is the owner of a life insurance policy and has chosen a policy settlement option under which the company will pay the beneficiary (his widow) an income each month for as long as she lives. Payment stops at her death. Which settlement option has Billy selected? A. Fixed amount option B. Fi...
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 insura...
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Add to carta 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 insura...
Which welfare program provides assistance to the needy? - Medicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - revocable beneficiary Within how many calendar days must all clean electronic health insurance claims be p...
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Add to cartWhich welfare program provides assistance to the needy? - Medicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - revocable beneficiary Within how many calendar days must all clean electronic health insurance claims be p...
If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis - Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation ...
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Add to cartIf a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis - Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation ...
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Binders (27-14-18) - A binder is an instrument designed to provide immediate, temporary insurance coverage. Binders can be either written or oral. In the state of Alabama, how long are binders valid? - 90 days or until a policy is issued. Whichever is less In the state of Alabama, if a policy ha...
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Add to cartBinders (27-14-18) - A binder is an instrument designed to provide immediate, temporary insurance coverage. Binders can be either written or oral. In the state of Alabama, how long are binders valid? - 90 days or until a policy is issued. Whichever is less In the state of Alabama, if a policy ha...
Insurance - The transfer of risk through a legal contract Property - Covers real property and personal property against damage or loss resulting from covered causes of loss called perils. Casualty - Covers non-property loss (by a 3rd party) Personal Lines - Insurance coverages intended to protec...
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Add to cartInsurance - The transfer of risk through a legal contract Property - Covers real property and personal property against damage or loss resulting from covered causes of loss called perils. Casualty - Covers non-property loss (by a 3rd party) Personal Lines - Insurance coverages intended to protec...
Abandonment - an attempt by an insured to receive full value for a partially damaged item by offering the damaged property to the insurance company. The company is under no obligation to pay for abandoned property. Absolute Liability - A tort law concept in which an individual can be found legall...
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Add to cartAbandonment - an attempt by an insured to receive full value for a partially damaged item by offering the damaged property to the insurance company. The company is under no obligation to pay for abandoned property. Absolute Liability - A tort law concept in which an individual can be found legall...
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2 reasons - No Flood - Catastophic, adverse selection Watercraft Policy - Open cockpit, 26 feet or less in length Absolute Liabilty - Strong Liklihood of harming others Intervening Cause - Disruption in chain of events Negligence - LBPD - Legal Duty Owed, Breach of Legal Duty, Proximate Cause, a...
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Add to cart2 reasons - No Flood - Catastophic, adverse selection Watercraft Policy - Open cockpit, 26 feet or less in length Absolute Liabilty - Strong Liklihood of harming others Intervening Cause - Disruption in chain of events Negligence - LBPD - Legal Duty Owed, Breach of Legal Duty, Proximate Cause, a...
An incorporated insurance company which is run by a board of directors is known as - a capital-stock company Which of the following statements is true regarding a binder? a. a binder guarantees that a policy will be issued by the insurance company. b. a binder guarantees coverage and that a poli...
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Add to cartAn incorporated insurance company which is run by a board of directors is known as - a capital-stock company Which of the following statements is true regarding a binder? a. a binder guarantees that a policy will be issued by the insurance company. b. a binder guarantees coverage and that a poli...
Which of the following would be considered a speculative risk? - The possibility the painting you bought might be a long-lost masterpiece A speculative risk is one in which there is a chance for either loss or gain. Example: Gambling, Casino's, Lottery, etc. All of the other choices describe pur...
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Add to cartWhich of the following would be considered a speculative risk? - The possibility the painting you bought might be a long-lost masterpiece A speculative risk is one in which there is a chance for either loss or gain. Example: Gambling, Casino's, Lottery, etc. All of the other choices describe pur...
Pure - Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - The chance of loss without any chance of gain is called ___________ Speculative Risk - has the possibility for gain or loss and is not insurable. Risk - is defi...
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Add to cartPure - Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - The chance of loss without any chance of gain is called ___________ Speculative Risk - has the possibility for gain or loss and is not insurable. Risk - is defi...
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