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FLORIDA 2-15 INSURANCE LICENSE EXAM BUNDLE-with 100% verified solutions-
FLORIDA 2-15 INSURANCE LICENSE EXAM BUNDLE-with 100% verified solutions-
[Show more]FLORIDA 2-15 INSURANCE LICENSE EXAM BUNDLE-with 100% verified solutions-
[Show more]In the insurance business, risk can best be defined as: 
A. sharing the possibility of a loss 
B. uncertainty regarding the future 
C. uncertainty regarding financial loss 
D. uncertainty regarding when death will occur - ANSWER C. The concept of insurance 
developed from the need to minimize the ad...
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Add to cartIn the insurance business, risk can best be defined as: 
A. sharing the possibility of a loss 
B. uncertainty regarding the future 
C. uncertainty regarding financial loss 
D. uncertainty regarding when death will occur - ANSWER C. The concept of insurance 
developed from the need to minimize the ad...
Accumulation units are converted into annuity units: 
at the time of annuity payout. 
A group life insurance plan in which the employer pays the entire premium is known as a 
________________ plan. 
noncontributory 
If a disabled worker covered under Social Security disability benefits recovers and ...
Preview 2 out of 12 pages
Add to cartAccumulation units are converted into annuity units: 
at the time of annuity payout. 
A group life insurance plan in which the employer pays the entire premium is known as a 
________________ plan. 
noncontributory 
If a disabled worker covered under Social Security disability benefits recovers and ...
What is the name of the law that requires insurers to disclose information gathering 
practices and where the information was obtained? ANS- Fair Credit Reporting Act 
A nonprofit incorporated society that does not have capital stock and operates for the 
sole benefit of members is known as: ANS- A ...
Preview 2 out of 11 pages
Add to cartWhat is the name of the law that requires insurers to disclose information gathering 
practices and where the information was obtained? ANS- Fair Credit Reporting Act 
A nonprofit incorporated society that does not have capital stock and operates for the 
sole benefit of members is known as: ANS- A ...
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