Captive insurance - Study guides, Class notes & Summaries
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Life & Health Insurance Exam (Answered) With Complete Solution 100% Rated
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Life & Health Insurance Exam (Answered) With Complete Solution 100% Rated 
 
Insurance 
transfer of risk 
Speculative risk 
has a possibility of both loss and gain 
Pure risk 
only has a possibility of loss (no gain) 
Exposure 
risks for which an insurance company would be liable 
 
expressed in units 
Peril 
cause of a loss 
Hazard 
an increase in the chance of loss 
Moral hazard 
arise from people's character (faking a loss) 
Morale hazard 
state of mind or careless attitude (accidentally lea...
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Insurance adjuster exam questions Test bank Final 2023.
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Insurance adjuster exam questions Test bank Final 2023. 
During a storm, heavy winds cause a tree limb to break and fall onto Paul's house, causing $6,500 in damage. Paul's insurance company now considers his house: - ANSWER A Loss 
 
Which of the following best describes a "risk," according to the insurance definition? - ANSWER A potential for financial loss 
 
A lion at a zoo escaped when a zoo employee failed to follow protocol. The lion injured a zoo patron. In court, the injured patron...
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ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) 2023-2024
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ADJUSTER PRO - INSURANCE 
ADJUSTER TEST(QUESTIONS AND 
REVIEWED ANSWERS) 2023-2024 
What is insurance? - CORRECT ANSWER-protection against financial loss 
what is a premium - CORRECT ANSWER-a scheduled amount to be paid for an 
insurance policy. 
What are premiums used for - CORRECT ANSWER-premiums are collected into a 
"pool" or "reserve to pay out claimants when needed. 
how can insurance companies afford to pay for an individuals catastrophic loss? - 
CORRECT ANSWER-the insurer collect...
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Michigan Surplus Lines Insurance Exam Prep questions and answers latest top score.
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Michigan Surplus Lines Insurance Exam Prep questions and answers latest top score. 
 
 
 
 
 
 
 
 
 
(1)Surplus Lines premiums typically expand during: 
A) A soft Market 
B) A Hard Market - correct answers.A Hard Market. 
 
Surplus lines premiums typically expand during a hard market. 
 
(2) During the time of a hard market, insurers will: 
A) Tighten their underwriting standards 
B) Loosen their underwriting standards - correct answers.A) Tighten their underwriting standards. 
 
Tighten and ra...
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N.C. Claims Adjuster Exam Latest 2023 Rated A+
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N.C. Claims Adjuster Exam Latest 2023 Rated A+ Inception/Expiration Date an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. 
Occurrence Date Date of which the loss occurred 
Identification of parties involved The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witness(s)....
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WebCE Exam Questions with correct Answers
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Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. 
Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. 
 
Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. 
Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...
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CT License Practice Exam 2 Questions Answered Correctly – Expert Verified | Latest Version 2024/2025
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"Adjustment" is another word for what part of the adjusting process? - Settlement 
A "direct writing" insurance company sells its policies through: 
A. Employees of the company 
B. Licensed insurance brokers 
C. Independent insurance agents 
D. Exclusive or Captive agents - A. Employees of the company 
A company's legal responsibility for the acts of its employees is known as what? - Vicarious liability 
A defense against liability based upon the principal that a person who knowingly expose...
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Kentucky Life and Health Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (Latest 2024/ 2025 Update)
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Kentucky Life and Health Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (Latest 2024/ 2025 Update) 
 
Q: what is loss exposure 
state of being subject to a passible loss 
 
 
 
Q: what does it mean to be defineable 
 
 
Answer: 
definite as to time, cause and location 
 
 
 
Q: what does it mean to be measurable 
 
 
Answer: 
companies will state how much they will pay for a covered loss 
 
 
 
Q: is loss due to war covered 
 
 
Answer: 
no 
 
 
 
Q: can accidental b...
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DENTAL PUBLIC HEALTH & RESEARCH Contemporary Practice for the Dental Hygienist Fourth Edition
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DENTAL PUBLIC HEALTH & RESEARCH Contemporary Practice for the Dental Hygienist Fourth Edition Brief Contents UNIT I INTRODUCTION TO DENTAL PUBLIC HEALTH 1 UNIT III DENTAL HYGIENE RESEARCH 179 1 Dental Public Health: An Overview 2 14 Research in Dental Hygiene 180 2 The Prevention Movement 17 15 Ethical Principles in Research 187 3 Dental Care Delivery in the United States 34 16 The Research Process 195 4 Dental Hygiene Care Delivery in the Global Community 47 17 Biostat...
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Life, Accident and Health Insurance Ohio Questions and Answers (2024 / 2025) (Verified Answers)
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Life, Accident and Health Insurance Ohio Questions 
and Answers (2024 / 2025) (Verified Answers) 
Which is a FALSE statement? 
a. Agents act in a fiduciary capacity when handling premiums. 
b. Misrepresentation on an application can void coverage, if 
material. 
c. Mutual life insurers cannot guarantee their future dividend 
scale. 
d. You can protect future dividends on a non-participating policy. - 
CORRECT ANSWER D. 
Only participating policies might pay dividends to policy owners. 
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