Legal reserve companies - Study guides, Class notes & Summaries

Adjuster Pro - Insurance Adjuster Test Questions and Answers Already Passed What is insurance? protection against financial loss what is a premium a scheduled amount to be paid for an insurance policy. What are premiums used for premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? the insurer collects premiums from all policy holders and uses them to pay out the claims ...

Who was responsible for the financial crisis of ? Ans- The U.S. Federal Reserve, the U.S. government, rating agencies, and bankers During the Financial Crisis of , the U.S. government bailed out all firms in danger of failing. Ans- False Which one of the following financial intermediaries has shown the greatest preference for investing in long-term financial assets? Ans- Insurance companies The liability of sole proprietors is limited to the amount of their investment in the compan...

Florida 215 exam Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ According to Florida's Standard Valuation Law, the __________________ is mandatory. 1) Certificate of Authority 2) Director of the Office of Insurance Regulation 3) legal reserve - Answer -legal reserve Group health plans that are issued by mutual companies usually: 1) provide for dividends. 2) issue experience-rated plans. 3) are noncancellable for a period of two years. 4) are renewable after a ...

What is insurance? - ANSWER-protection against financial loss what is a premium - ANSWER-a scheduled amount to be paid for an insurance policy. What are premiums used for - ANSWER-premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - ANSWER-the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnity - ANSWER-paymen...

The coverage territory of the Business Auto form provides for "worldwide liability coverage" for private passenger autos that the insured: a) Hires, leases, rents or borrows without a driver while outside the United States, its territories and possessions. b) Purchases while outside the United States, its territories and possessions. c) Sells while outside the United States, its territories and possessions. d) Occupies while outside the United States, its territories and possession...

Adjuster Pro - Insurance Adjuster Test What is insurance? - -protection against financial loss what is a premium - -a scheduled amount to be paid for an insurance policy. What are premiums used for - -premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - -the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnity - -pa...

Cannon CTFA Prep Questions with complete Answers 2023 Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? A. None, as it passes directly to his spouse, Jean. B. $175,000 - or one-half of the value C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. D. $350,000 - the full amount is includable. B. $175,...

What is insurance? - ANSWER protection against financial loss what is a premium - ANSWER a scheduled amount to be paid for an insurance policy. What are premiums used for - ANSWER premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - ANSWER the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnity - ANSWER p...

Primerica Practice Exam Test A 75 Questions & Answers 2023 1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: A. Single premium immediate annuity. B. Single premium deferred annuity. C. Level premium variable annuity. D. Flexible premium fixed annuity. - Correct answer-Single premium deferred annuity 2. A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured ...

What is insurance? - ANSWER protection against financial loss what is a premium - ANSWER a scheduled amount to be paid for an insurance policy. What are premiums used for - ANSWER premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - ANSWER the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnity - ANSWER paymen...