Alabama health - Study guides, Class notes & Summaries

Alabama Health and Life Ins Exam

According to the Alabama Insurance Regulations, all of the following are included as advertisements except: - A birthday card sent to a policyowner by his or her agent According to the Alabama Insurance regulations, when using an illustration in the sale of a life insurance policy, an insurance producer may legally do what? - Use an illustration which has "non-guaranteed" elements According to the Optional Provision of a standard Health policy dealing with the issue of "unpaid premium...

Alabama Health Insurance Exam with correct answers

Alabama Health and Life Ins Exam

ALABAMA HEALTH INSURANCE SPOT FINAL EXAM Questions and Answers Latest Versions 2024 TOP

Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. - correct answer Pure The chance of loss without any chance of gain is called ___________ - correct answer Pure Risk has the possibility for gain or loss and is not insurable. - correct answer Speculative Risk is defined as the chance of loss. - correct answer Risk A condition that could result in a loss is known as - correct answer Exposure is something that increa...

Alabama Health and Life Ins Exam with answers

According to the Alabama Insurance Regulations, all of the following are included as advertisements except: - correct answer A birthday card sent to a policyowner by his or her agent According to the Alabama Insurance regulations, when using an illustration in the sale of a life insurance policy, an insurance producer may legally do what? - correct answer Use an illustration which has "non-guaranteed" elements According to the Optional Provision of a standard Health policy dealing with ...

Pure - correct answer Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - correct answer The chance of loss without any chance of gain is called ___________ Speculative Risk - correct answer has the possibility for gain or loss and is not insurable. Risk - correct answer is defined as the chance of loss. Exposure - correct answer A condition that could result in a loss is known as Hazard - correct answer ...

Pure - Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - The chance of loss without any chance of gain is called ___________ Speculative Risk - has the possibility for gain or loss and is not insurable. Risk - is defined as the chance of loss. Exposure - A condition that could result in a loss is known as Hazard - is something that increases the chance of loss. Physical Hazard - The presence of a ___...