Contracts of indemnity - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Contracts of indemnity? On this page you'll find 1512 study documents about Contracts of indemnity.
Page 2 out of 1.512 results
Sort by
-
LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed
- Exam (elaborations) • 15 pages • 2024
- Available in package deal
-
- $9.99
- 2x sold
- + learn more
LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed 
Under which situation must insurable interest exist between the applicant and insured at the time of application? When a third-party applicant names themselves beneficiary. 
Which of the following is true about a decreasing term life policy? The face amount reaches zero at policy expiration. 
Which of the following occurs immediately after the application is submitted and the initial premium paid?...
-
KENTUCKY ADJUSTER EXAM PREP EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS LATEST UPDATES
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
-
- $9.49
- 2x sold
- + learn more
KENTUCKY ADJUSTER EXAM PREP EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS LATEST UPDATES 
Insurance 
Transfers risk of financial losses from one party to another 
Insured 
Individual or organization that pays premiums in exchange for protection 
Insurer 
Company, group, or government agency offering financial protection 
Insurance policy 
A legally binding contract in which the insurer agrees to take on specified risks in exchange for the insured's premium. 
Principle of indemnity 
Restoration ...
-
XCEL Final Exam California Life Insurance Exam Questions and Answers 2024
- Exam (elaborations) • 9 pages • 2024
- Available in package deal
-
- $14.99
- 1x sold
- + learn more
A savings vehicle designed to first accumulate funds and then systematically liquidates the funds is called a(n) - Deferred Annuity 
 
Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - 60 Payments 
 
What distinguishes a deferred annuity from an immediate annuity? - The time at which benefit payments start 
 
The systematic liquidation of a sum of money...
-
California Life Accident and Health Exam Practice 2024
- Exam (elaborations) • 195 pages • 2024
-
- $15.49
- 1x sold
- + learn more
California Life Accident and Health Exam Practice 2024 
A 
ABC INSURANCE -Answer-JOHN IS THE AGENT FOR ABC INSURANCE AND JANE 
IS THE INSURED. WHO IS THE PRINCIPAL IN THIS AGENCY RELATIONSHIP? 
A 
ABC INSURANCE 
B 
JOHN 
C 
JANE 
D 
NONE 
D 
ADMITTED -Answer-A(N) ________ INSURER IS AUTHORIZED TO WRITE 
INSURANCE POLICIES IN A PARTICULAR STATE. 
A 
DOMESTIC 
B 
NON-ADMITTED 
C 
FOREIGN 
D 
ADMITTED 
B 
A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON BEHALF OF AN 
INSURED -Answer-WHICH OF THE FOLL...
-
Utah Life and Health Insurance Questions With All Correct Answers!!
- Exam (elaborations) • 7 pages • 2024
- Available in package deal
-
- $7.99
- 2x sold
- + learn more
Accident - Answer-A sudden event, unforeseen and unintended 
Claim - Answer-A demand for payment under the insurance policy 
Absolute assignment - Answer-A transfer by the policy holder of all control and rights to a third party 
Accident and Sickness - Answer-Insurance against bodily injury, disability or death by accident, or 
against disability or expense resulting from sickness, and the insurance relating thereto 
Accidental Means - Answer-The unexpected cause of an accidental bodily injury....
And that's how you make extra money
-
Practice Exam for CAIB 1 Latest 2023 with complete solution
- Exam (elaborations) • 13 pages • 2023
- Available in package deal
-
- $10.49
- 4x sold
- + learn more
1.	Insurers are in the business of assuming the financial risks of others which involves entering into a formal contract. A contract is enforceable at law only when all legal elements have been observed. Insurance contracts differ from other formal agreements and are subject to what three additional elements?: Insurable Interest 
Utmost Good Faith Indemnity 
2.	Explain the meaning and disadvantage of the following approaches: Avoid- ance of Risk & Control of Risk: Avoidance: Avoidance means that...
-
Adjuster Pro - Insurance adjuster test latest 2023 already passed
- Exam (elaborations) • 31 pages • 2023
- Available in package deal
-
- $9.99
- 3x sold
- + learn more
Adjuster Pro - Insurance adjuster test latest 2023 already passed What is insurance? protection against financial loss 
what is a premium a scheduled amount to be paid for an insurance policy. 
What are premiums used for 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? the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. 
what is Ind...
-
Adjuster Pro - Insurance Adjuster Test: insurance Adjuster Test Study Guide: Questions & Answers: Updated Solution
- Exam (elaborations) • 22 pages • 2023
- Available in package deal
-
- $7.99
- 1x sold
- + learn more
What is insurance? 
 (Ans- protection against financial loss 
 
what is a premium 
 (Ans- a scheduled amount to be paid for an insurance policy. 
 
What are premiums used for 
 (Ans- 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? 
(Ans- the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. 
 
what is Indemnity 
 (Ans- payment for...
-
Georgia Adjuster Exam Questions and Answers Already Passed
- Exam (elaborations) • 36 pages • 2023
- Available in package deal
-
- $9.99
- 5x sold
- + learn more
Georgia Adjuster Exam Questions and Answers Already Passed 
An insured's business is damaged because of a fire and he is forced to close business temporarily for repairs. As a result the insured lost income. What type of loss is this? Consequential also known as Indirect Loss 
The insured crashes into a porch and the person sitting on the porch. The person on the porch is injured. The insured's insurance policy has a limit set at $500,000. This amount applies to the total of damages for any bo...
-
ACA Final Exam Questions and Answers 2023
- Exam (elaborations) • 11 pages • 2023
- Available in package deal
-
- $19.49
- 2x sold
- + learn more
ACA Final Exam Questions and Answers 2023 
At the end of this course, you must do which of the following? 
 
Pass the final course exam with a scored of 70% or higher 
 
Print your certificate from this website 
 
Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at 
 
All of the above 
All of the above 
 
 
 
Which of the following is NOT one of the duties of the Department of Financial Services? 
 
License adjusters 
Set rates and write policies ...
Did you know that on average a seller on Stuvia earns $82 per month selling study resources? Hmm, hint, hint. Discover all about earning on Stuvia