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Bundle for ALABAMA INSURANCE test compilation | everything you need
[Show more]Bundle for ALABAMA INSURANCE test compilation | everything you need
[Show more]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...
Preview 3 out of 26 pages
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...
The Fair Credit Reporting Act - what law protects consumers from the circulation of inaccurate or 
obsolete information? 
domestic, foreign, and alien - Insurers are classified according to their domicile. What are the 3 types 
of insurers? 
Fraternal insurer - what type of insurer is a voluntarily ...
Preview 2 out of 5 pages
Add to cartThe Fair Credit Reporting Act - what law protects consumers from the circulation of inaccurate or 
obsolete information? 
domestic, foreign, and alien - Insurers are classified according to their domicile. What are the 3 types 
of insurers? 
Fraternal insurer - what type of insurer is a voluntarily ...
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...
Preview 3 out of 16 pages
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...
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...
Preview 4 out of 31 pages
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...
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...
Preview 4 out of 36 pages
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...
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