WEBCE PROPERTY & CASUALTY PREP EXAM 2023 QUESTIONS WITH COMPLETE ANSWERS GRADED A+| WEBCE 2023 QUESTIONS WITH COMPLETE ANSWERS GRADED A+| WEBCE LIFE AND HEALTH 2023 QUESTIONS WITH COMPLETE ANSWERS GRADED A+
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Representations and Warranties - CORRECT ANSWER 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. Underwriting vs. Actuarial Departments - CORRECT A...
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Add to cartRepresentations and Warranties - CORRECT ANSWER 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. Underwriting vs. Actuarial Departments - CORRECT A...
In general, what is the earliest age at which a person can take a distribution from a qualified plan without a tax penalty? - CORRECT ANS 59 1/2 Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to withdraw funds from the contract to take a vacation. Carol is likely ...
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Add to cartIn general, what is the earliest age at which a person can take a distribution from a qualified plan without a tax penalty? - CORRECT ANS 59 1/2 Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to withdraw funds from the contract to take a vacation. Carol is likely ...
On what basis are benefits payable under a long-term care insurance policy typically triggered? A) the diagnosis of an acute medical condition B) the number and types of medications prescribed C) the inability to perform of medications prescribed D) all of the above - CORRECT ANSWER C) T...
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Add to cartOn what basis are benefits payable under a long-term care insurance policy typically triggered? A) the diagnosis of an acute medical condition B) the number and types of medications prescribed C) the inability to perform of medications prescribed D) all of the above - CORRECT ANSWER C) T...
which 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 takes a second mortgage on his house and uses t...
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Add to cartwhich 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 takes a second mortgage on his house and uses t...
Risk - CORRECT ANS Chance of loss 5 Risk or Loss Factors - CORRECT ANS 1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard Insurance allows: - CORRECT ANS Individual or group to transfer over to insurance company the risk of financial loss from a destructive event Fundamental purpose of...
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Add to cartRisk - CORRECT ANS Chance of loss 5 Risk or Loss Factors - CORRECT ANS 1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard Insurance allows: - CORRECT ANS Individual or group to transfer over to insurance company the risk of financial loss from a destructive event Fundamental purpose of...
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