Nj health and accidental - Study guides, Class notes & Summaries

1 NJ HEALTH INSURANCE EXAM (XCEL SOLUTIONS) EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Why are dividends from a mutual insurer not subject to taxation? Correct Answer: because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called Correct Answer: reinsurance A nonparticipating company is sometimes called a(n) Correct Answer: stock insurer What is considered to...

1 NJ HEALTH INSURANCE EXAM (XCEL SOLUTIONS) | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Why are dividends from a mutual insurer not subject to taxation? Correct Answer: because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called Correct Answer: reinsurance A nonparticipating company is sometimes called a(n) Correct Answer: stock insurer What is considered to be t...

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 Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? 1970-Fair Credit Reporting Act Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six months. Q dies suddenly and the beneficiary is paid $500,000. This exchange of unequal values reflects which of ...

Prepare for success with our comprehensive guide to NJ Health and Accident Insurance. This resource features 100 essential questions and answers designed to help you master key concepts and pass your exam with confidence. Whether you’re studying for a certification or seeking to deepen your understanding of health and accident insurance, this guide covers crucial topics including: Policy Components: Understand the fundamentals of insurance policies, including premiums, deductibles, coverage...

FINAL EXAM Review Test 1. Republic means the same as a. individual rights b. direct democracy c. consent of the governed d. representative democracy 2. Limited government means that the power of a. elected officials has no limits b. voters has extensive limits c. elected officials has limits d. voters has no limits 3. The idea of the social contract is that a government is only legitimate if it has a. limited rights for the governed b. restrictions on democracy c. consent of the ...

FINAL EXAM Review Test 1. Republic means the same as a. individual rights b. direct democracy c. consent of the governed d. representative democracy 2. Limited government means that the power of a. elected officials has no limits b. voters has extensive limits c. elected officials has limits d. voters has no limits 3. The idea of the social contract is that a government is only legitimate if it has a. limited rights for the governed b. restrictions on democracy c. consent of the ...

Vlastos v. Sumitomo Marine & Fire Insurance Company - breach of warranty Facts: Vlastos obtained fire insurance from the D. The policy stated in part: "Warranted that the 3rd floor is occupied as Janitor's residence." After the building was destroyed by fire, D refused to pay the claim citing breach of warranty because a massage parlor was also on the third floor with the janitor. 3 people were killed. Holding: AMBIGUITY: a reasonable person could have understood Vlastos to have warranted...

FINAL EXAM Review Test 1. Republic means the same as a. individual rights b. direct democracy c. consent of the governed d. representative democracy 2. Limited government means that the power of a. elected officials has no limits b. voters has extensive limits c. elected officials has limits d. voters has no limits 3. The idea of the social contract is that a government is only legitimate if it has a. limited rights for the governed b. restrictions on democracy c. consent of the ...