Tx lah05 - Study guides, Class notes & Summaries

Study Guide Ins TX - LAH05 - General Lines - Life, Accident, and Health

Study Guide Ins TX - LAH05 - General Lines - Life, Accident, and Health

Study Guide Ins TX - LAH05 - General Lines - Life, Accident, and Health

Study Guide Ins TX - LAH05 - General Lines - Life, Accident, and Health What type of reinsurance contract involves two companies automatically sharing their risk exposure? - correct answer-Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - correct answer-reserves When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have...

Accelerated Benefits - correct answer-Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accident - correct answer-An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - correct answer-A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - correct answer-Unplanned, unforeseen traumatic injury to the bod...

Accelerated Benefits - Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accident - An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - Unplanned, unforeseen traumatic injury to the body. Accidental Death and Dismemberment (AD&D) - An insu...

A newly license General Lines agent must complete a MINIMUM of___ hours of continuing education within ___ months after initial license. 24 · Insurance agent licenses normally must be renewed every __ years. · An agent must include a statement that _________ are not guaranteed during a sales presentation for a participating life insurance policy. Dividends Dividend a partial return of premium to the insured based on the insurer's financial performance or on the insured's own loss exper...

Study Guide Ins TX - LAH05 - General Lines - Life, Accident, and Health

· A newly licensed General Lines agent must complete a MINIMUM of___ hours of continuing education within ___ months after initial license. 24 · Insurance agent licenses normally must be renewed every __ years. 2 · An agent must include a statement that _________ are not guaranteed during a sales presentation for a participating life insurance policy. Dividends Dividend a partial return of premium to the insured based on the insurer's financial performance or on the insured's own ...

TX-LAH05 - General Lines - Life, Accident and Health