Package deal
FX bundled exams with complete solution
FX bundled exams with complete solution
[Show more]FX bundled exams with complete solution
[Show more]To be considered an insurable risk, a loss may NOT be - ans-catastrophic 
 
Which of the following persons would be required to hold a producer license? - ans-a nonresident agent who negotiates insurance contracts 
 
Which of the following is the oldest known type of insurance? - ans-ocean mar...
Preview 2 out of 9 pages
Add to cartTo be considered an insurable risk, a loss may NOT be - ans-catastrophic 
 
Which of the following persons would be required to hold a producer license? - ans-a nonresident agent who negotiates insurance contracts 
 
Which of the following is the oldest known type of insurance? - ans-ocean mar...
What phase begins after a new policy is delivered? - ans-Free look period 
 
In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this descri...
Preview 2 out of 12 pages
Add to cartWhat phase begins after a new policy is delivered? - ans-Free look period 
 
In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this descri...
The causes of loss insured against in an insurance policy are known as - ans-Perils 
 
Before an insurer will pay any loss under a policy, what is usually required from the insured? - ans-Proof of loss 
 
An insured works outside the home. The insured's sister lives with him and cares for his...
Preview 2 out of 14 pages
Add to cartThe causes of loss insured against in an insurance policy are known as - ans-Perils 
 
Before an insurer will pay any loss under a policy, what is usually required from the insured? - ans-Proof of loss 
 
An insured works outside the home. The insured's sister lives with him and cares for his...
Agent/Producer - ans-A legal representative of an insurance company 
 
Broker - ans-An insurance producer not appointed by an insurer and whom represents the client 
 
Insured - ans-A person covered by an insurance policy 
 
Insurance policy - ans-A legal contract between a policyowner (and/...
Preview 2 out of 15 pages
Add to cartAgent/Producer - ans-A legal representative of an insurance company 
 
Broker - ans-An insurance producer not appointed by an insurer and whom represents the client 
 
Insured - ans-A person covered by an insurance policy 
 
Insurance policy - ans-A legal contract between a policyowner (and/...
What phase begins after a new policy is delivered? - ans-Free look period 
 
In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this descri...
Preview 2 out of 12 pages
Add to cartWhat phase begins after a new policy is delivered? - ans-Free look period 
 
In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this descri...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller Prose1. Stuvia facilitates payment to the seller.
No, you only buy these notes for $19.99. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now