2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
Wisconsin Accident and Health Insurance
Exam Questions and Correct Answers | Latest
Update
Dividends from a stock company are normally sent to:
Beneficiaries
Shareholders
Policy holders
Insureds
✓ -:- Shareholders
Which of the following financial products creates an instant estate, no matter when the date
of death?
Mutual funds
Life insurance
Certificate of deposit
Deferred annuity
✓ -:- Life insurance
1 | P a g e | G r a d e A + | 2 0 0 2 5
,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
Which of the following outlines the authority given to the producer on behalf of the
insurer?
Rebating arrangement
Commingling contract
Controlled business clause
Producer contract
✓ -:- Producer contract
Dividends from a mutual insurance company are paid to whom?
Policyholders
Beneficiaries
Preferred stockholders
Stockholders
✓ -:- Policyholders
A stock insurance company is owned by its
Officers
Board directors
2 | P a g e | G r a d e A + | 2 0 0 2 5
,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
Policyowners
Shareholders
✓ -:- Policyowners
A reciprocal insurer typically has an administrator who manages the premiums collected
from the group's members. This administrator is called a(n)
Reciprocal commissioner
Attorney general
Attorney-in-fact
Reciprocal
✓ -:- Attorney-in-fact
which reinsurance contract between two insurers involves an automatic sharing of the risks
assumed?
Arbitrage reinsurance
Facultative reinsurance
Excess reinsurance
Treaty reinsurance
3 | P a g e | G r a d e A + | 2 0 0 2 5
, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
✓ -:- Treaty reinsurance
A group-owned insurance company that is formed to assume and spread the liability risks of
its members is known as a
Risk retention group
Treaty insurer
Risk assumption group
Captive insurer
✓ -:- Risk retention group
Which group is the Do not Registry designed to protect against?
Telemarketers
Charities
Political organizations
Relatives
✓ -:- Telemarketers
who regulates an insurer's claim settlement practices?
4 | P a g e | G r a d e A + | 2 0 0 2 5
Wisconsin Accident and Health Insurance
Exam Questions and Correct Answers | Latest
Update
Dividends from a stock company are normally sent to:
Beneficiaries
Shareholders
Policy holders
Insureds
✓ -:- Shareholders
Which of the following financial products creates an instant estate, no matter when the date
of death?
Mutual funds
Life insurance
Certificate of deposit
Deferred annuity
✓ -:- Life insurance
1 | P a g e | G r a d e A + | 2 0 0 2 5
,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
Which of the following outlines the authority given to the producer on behalf of the
insurer?
Rebating arrangement
Commingling contract
Controlled business clause
Producer contract
✓ -:- Producer contract
Dividends from a mutual insurance company are paid to whom?
Policyholders
Beneficiaries
Preferred stockholders
Stockholders
✓ -:- Policyholders
A stock insurance company is owned by its
Officers
Board directors
2 | P a g e | G r a d e A + | 2 0 0 2 5
,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
Policyowners
Shareholders
✓ -:- Policyowners
A reciprocal insurer typically has an administrator who manages the premiums collected
from the group's members. This administrator is called a(n)
Reciprocal commissioner
Attorney general
Attorney-in-fact
Reciprocal
✓ -:- Attorney-in-fact
which reinsurance contract between two insurers involves an automatic sharing of the risks
assumed?
Arbitrage reinsurance
Facultative reinsurance
Excess reinsurance
Treaty reinsurance
3 | P a g e | G r a d e A + | 2 0 0 2 5
, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
✓ -:- Treaty reinsurance
A group-owned insurance company that is formed to assume and spread the liability risks of
its members is known as a
Risk retention group
Treaty insurer
Risk assumption group
Captive insurer
✓ -:- Risk retention group
Which group is the Do not Registry designed to protect against?
Telemarketers
Charities
Political organizations
Relatives
✓ -:- Telemarketers
who regulates an insurer's claim settlement practices?
4 | P a g e | G r a d e A + | 2 0 0 2 5
