Reinsurance Study guides, Class notes & Summaries

Which of the following represents uncertainty about outcomes that can be negative or positive? ️ Risk The primary role of insurance is to ️ Indemnify individuals and organizations for covered losses. The insurance agent suggested that Sally's Snack Shop buy a policy that combines property, crime, and liability coverage into one policy. This is referred to as as a(n) ️ Commercial package policy (CPP) Coverage for money and other business property from various causes of loss such as...

MD Accident, Health & Life Producer Questions and Answers 100% Solved An Alien Insurance company soliciting insurance in this state would accurately be described by which of the following? A. It must possess a Certificate of Authority from the NAIC, and it is organized under the laws of another country B. It must possess a Certificate of Authority from this state, and it is organized under the laws of another country C. It is organized under the laws of this state, and holds a Certificate of...

XCEL SOLUTIONS: Georgia Life-Only Pre-Licensing Questions and Answers 100% Pass When a policy pays dividends to its policyholders, it is said to be -profitable -mutual -nonparticipating -participating - Correct Answer ️️ --Participating A participating policy is one in which insurance policies pay out dividends to the policyholders. A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: -a fraternal benefit s...

which countries have low penetration rates? - Answer-bangladesh pakistan What are capital markets - Answer-markets for buying and selling equity and debt securities. Medium and LT investment horizons facilitates buying and selling financial instruments primary and secondary what is a short term market example? - Answer-money market accounts who are suppliers of capital? - Answer-institutions institutional investors Who are the users of capital? How does each user use capital in the econ...

AINS 102 Questions With Correct Answers All of the following items are examples of personal property, EXCEPT: Select one: A. Sports equipment B. Silverware C. A fishing boat D. Underground pipes - ANS-Underground pipes Which one of the following statements regarding assets exposed to loss is true? Select one: A. Real property includes only tangible property.Correct. All real property is tangible property having a physical form that can be seen or touched. Personal property can includ...

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 Property and Casualty Insurance Exam Questions and Answers 100% Pass What is the required rate discount under a Good Driver Discount policy? - Correct Answer ️️ -20% below the rate the insured would have been otherwise charged for the same coverage All the following are authorized activities for the Limited Automobile Insurance Agent EXCEPT if the agent - Correct Answer ️️ -Charges and collects a brokers fee for service What is the procedure for refusing uninsured moto...

RMI 3567 EXAM reinsurance/insurance ppt #1 Questions and Answers 100% Verified which countries have low penetration rates? - Correct Answer ️️ -bangladesh pakistan What are capital markets - Correct Answer ️️ -markets for buying and selling equity and debt securities. Medium and LT investment horizons facilitates buying and selling financial instruments primary and secondary what is a short term market example? - Correct Answer ️️ -money market accounts who are suppliers of...

RMI 3567 EXAM reinsurance/insurance ppt #1 Questions and Answers 100% Verified which countries have low penetration rates? - Correct Answer ️️ -bangladesh pakistan What are capital markets - Correct Answer ️️ -markets for buying and selling equity and debt securities. Medium and LT investment horizons facilitates buying and selling financial instruments primary and secondary what is a short term market example? - Correct Answer ️️ -money market accounts who are suppliers of...

Multi-Line Insurers - CORRECT ANSWER-________-______ Insurers are insurance carriers that offer more than one line of insurance. False - CORRECT ANSWER-True or False? Stock Insurance Companies are "participating" in that the policyholders receive dividends. Attorney-In-Fact - CORRECT ANSWER-Reciprocal Insurers are managed by an ___________________. Association - CORRECT ANSWER-Contrary to popular opinion, Lloyd's of London is not an insurer but rather an ____________. Limits Catas...