A licens - Study guides, Class notes & Summaries

Insurance - correct answer the transfer of Pure risk to the insurance company in consideration for a premium must be pure risk and calculable. Pure Risk - correct answer the chance of loss without any chance of gain; insurable Speculative Risk - correct answer possibility for gain or loss; not insurable Risk - correct answer Chance of loss Exposure - correct answer a condition that could result in loss hazard - correct answer something that increases the chance of loss ...

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Florida requires that coverage for newborns begins "from the moment of birth" and continues for 12 months 6 months 18 months 31 days - Ans: 18 months In Florida, a health policy that is paid on a quarterly basis requires a grace period of 7 days 31 days 45 days 10 days - Ans: 31 days In Florida, monthly-premium health insurance policies must provide a grace period of at least 31 days 7 days 10 days 14 days - Ans: 10 days Which action could result in a hearing being ord...

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NEVADA LIFE AND HEALTH LICENSE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS What are the four required elements of an insurance contract? - Precise Answer Agreement, consideration, competent parties, and legal purpose. What two parts make up a life insurance application? - Precise Answer General Information and the Medical Information. An agent's report can go in a life insurance application but is not included in the life insurance policy. When must insurable interest exist in life i...

CDL Class A License Questions and Answers Already Passed What is the first step in performing a pre-trip inspection? The first step in a pre-trip inspection is to check the vehicle's overall condition, including looking for any visible leaks or damage. Why is it important to know the vehicle’s height when driving a commercial vehicle? Knowing the vehicle's height helps avoid collisions with low bridges or overpasses that the vehicle may not clear. How often should you check...

WA LIFE & HEALTH INSURANCE LICENSE LATEST UPDATE GRADED A Fair Credit Reporting Act protects consumers against circulation of inaccurate or obsolete personal or financial information Domestic in the state Foreign in OTHER state Alien out of the U.S. (other country) Temporary License 180 DAYS Peril cause of loss (such as a fire) Risk chance of loss PURE Risk chance of loss WITHOUT ANY chance of gain Consideration Clause something of value must be exchanged NONresid...