1 Exam (elaborations) MD Pre-Licensing Title Insurance Pre Test Questions With Verified Solutions. 2 Exam (elaborations) MD Pre-Licensing Title Insurance Prep - Set 3 Unit Questions And Already Passed Answers. 3 Exam (elaborations) MD Insurance Exam – Life Test Questions Fully Solved. 4 Exam (...
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Risk 2 types - Answer Speculative - not designed for insurance coverage (gain/loss) Pure - only possibility of loss (Death, Illness) Valued Contract - Answer Pays a stated amount in the event of occurrence - life insurance Reimbursement contract - Answer pays back certain $$ based on...
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Add to cartRisk 2 types - Answer Speculative - not designed for insurance coverage (gain/loss) Pure - only possibility of loss (Death, Illness) Valued Contract - Answer Pays a stated amount in the event of occurrence - life insurance Reimbursement contract - Answer pays back certain $$ based on...
If a disability income policy contains a cost-of-living adjustment rider, benefits must typically be increased - Answer at least once per year from when benefits begin Which of these statements regarding the extended term insurance nonforfeiture option in a life policy is accurate? - Answer ...
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Add to cartIf a disability income policy contains a cost-of-living adjustment rider, benefits must typically be increased - Answer at least once per year from when benefits begin Which of these statements regarding the extended term insurance nonforfeiture option in a life policy is accurate? - Answer ...
After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? - Answer File written proof of loss Which of these factors help determine an insured's life insurance premium? - Answer Avocation (hobby) The Life and Health Guaranty Corporation provides f...
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Add to cartAfter an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? - Answer File written proof of loss Which of these factors help determine an insured's life insurance premium? - Answer Avocation (hobby) The Life and Health Guaranty Corporation provides f...
facultative - Answer one of the 2 types of resinsurance agreements which allow the resinsurer the opportunity to reject risks presented to it or to price them higher based on the risk exposure treaty - Answer one of the 2 types of insurance agreements which automatically accepts all new ris...
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Add to cartfacultative - Answer one of the 2 types of resinsurance agreements which allow the resinsurer the opportunity to reject risks presented to it or to price them higher based on the risk exposure treaty - Answer one of the 2 types of insurance agreements which automatically accepts all new ris...
CommissionerN - Answer -Appointed by governor for 4 year term -issues licenses, revokes, cease and desist, conducts hearings Commissioner - examinations - Answer -must examine each domestic insurer once every 5 years -records, documents, transactions pertaining to the insurer. Commissi...
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Add to cartCommissionerN - Answer -Appointed by governor for 4 year term -issues licenses, revokes, cease and desist, conducts hearings Commissioner - examinations - Answer -must examine each domestic insurer once every 5 years -records, documents, transactions pertaining to the insurer. Commissi...
Accelerated Benefits - Answer Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Accidental Death Benefits - Answer A policy rider that states that the cause of death will be analyzed to determine if it complies wi...
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Add to cartAccelerated Benefits - Answer Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Accidental Death Benefits - Answer A policy rider that states that the cause of death will be analyzed to determine if it complies wi...
Typically in Maryland, the premium for an owner's insurance policy is paid by the A. Seller B. Buyer C. Lender D. Split between seller and buyer - Answer B. Buyer Which of the following would permit a lender to make a claim against a title insurance company? A. Borrowers default in p...
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Add to cartTypically in Maryland, the premium for an owner's insurance policy is paid by the A. Seller B. Buyer C. Lender D. Split between seller and buyer - Answer B. Buyer Which of the following would permit a lender to make a claim against a title insurance company? A. Borrowers default in p...
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