Georgia Insurance Full Course Package Deal With Verified Study Solutions

A variable insurance policy: - Answer-does not guarantee a return on its investment accounts Which of the following factors affects the amount of monthly disability benefits payable under Social Security? - Answer-The amount of the benefits available from other sources Which of the following stat...

Who elects the governing body of a mutual insurance company? - Answer-policyholders What year was the McCarran-Ferguson Act enacted? - Answer-1945 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 b...

Under which of the following circumstances will the benefits under COBRA continuation coverage end? - Answer-all group health plans are terminated by the employer Dental care coverage is designated to cover the costs of all the following EXCEPT: - Answer-loss of income Which type of policy would...

Accident - Answer-An unplanned unforseen event which occurs suddenly at an unspecified place Accident insurance - Answer-A type of insurance that protects the insured against loss due to an accidental bodily injury Accidental bodily injury - Answer-Unplanned unforseen traumatic injury to the body...

Attained Age - Answer-insured's age at the time the policy is issued or renewed. Cash Value - Answer-A policy's savings element or living benefit. Face Amount - Answer-The amount of benefit stated in the life insurance policy. Fixed life insurance - Answer-contracts that offer guaranteed minimu...

An individual wishes to purchase whole life Insurance but does not wish to pay premiums past retirement age. Which of the following policies should the person buy? - Answer-Limited pay In addition to the Insurance Department, who has the authority to regulate variable life insurance? - Answer-Sec...

Partial Retention - partial responsibility for losses buys policy has deductible Cancellation - Stop policy mid-term before it has the chance to expire. Both insurer and insured can cancel a policy Broker - Producer who represents the insured and NOT the insurer Direct loss - physical destruct...

A life or health insurance company formed to provide insurance for members of an affiliated lodge, religious, or fraternal organization with a representative form of government - Fraternal Benefit Society A definition on liability forms that describes the types of contracts in which liability is ...

"Your covered automobile" - all of the vehicles that you may be driving for the coverages in the policy and need coverage listed on the declarations page includes automobiles covered for newly acquired vehicles, additional and replacement Eligible Vehicles - o Private passenger automobiles o ...

Multiple Employer Trust (MET) - A group of small employers who do not qualify for group insurance individually, formed to establish a group health plan or self-funded plan. Apparent Authority - The appearance or the assumption of authority based on the actions, words, or deeds of the principal or...

WHAT PROPERTY CLAUSE ALLOWS THE EXTENSION OF A MAJOR COVERAGE APPLYING TO SPECIFIC LOSSES NOT ALREADY INSURED? - THE EXTENSION OF COVERAGE CLAUSE THE POLICY PROVISION FOUND IN PROPERTY INSURANCE POLICIES WHICH PREVENT THE INSURED FROM COLLECTING TWICE FOR THE SAME LOSS IS CALLED? - SUBROGATION M...

For which of the following expenses does a Basic Hospital policy pay? - Hospital room and board A policy owner would like to change the beneficiary on an Accidental Death and Dismemberment (AD&D) insurance policy and make the change permanent. Which type of designation would fulfill this need? - ...

An applicant for health insurance completes the application and satisfies all of the conditions of the conditional receipt. If the policy is eventually issued as applied for, coverage takes effect: - just as if the policy had already been issued Tom has a $50,000 whole life policy. If he continue...

A business owner with a fluctuating income who wants a life insurance policy that can be changed to suit economic conditions should buy: - Adjustable Life A producer takes an application from a proposed insured without receiving payment of the first premium. The insurance company issues the polic...