Oklahoma ins - Study guides, Class notes & Summaries

Who is protected with the "other insurance with this insurer provision" Correct Answer policy owner Which would not be a location where skilled nursing care is provided Correct Answer personal residence How is a collared assignment used in a life insurance contract. Correct Answer transfer specific ownership rights to a creatitor An insurance producer would be found guilty of inducing a customer to purchase insurance in all of the following situations except. Correct Answer giving the...

Oklahoma Insurance Licensing Exam Questions With Complete Solutions

All of the following are categories of a limited insurance license EXCEPT 1) crop insurance 2) variable life insurance 3) credit life insurance 4) travel insurance - correct answer2) variable life insurance What term best describes the act of withholding material information that would be crucial to an underwriting decision? 1) concealment 2) withholding 3) leading 4) breach of warranty - correct answer1) concealment Johanna purchased a National Flood Insurance policy 10 days after her com...

Oklahoma Insurance Exam Questions and Answers 100% CorrectOklahoma Insurance Exam Questions and Answers 100% CorrectOklahoma Insurance Exam Questions and Answers 100% CorrectOklahoma Insurance Exam Questions and Answers 100% Correct Life Insurance - ANSWER-Transfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance - ANSWER-transfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured ...

Oklahoma Insurance Licensing Exam Questions and Answers 100% CorrectOklahoma Insurance Licensing Exam Questions and Answers 100% CorrectOklahoma Insurance Licensing Exam Questions and Answers 100% CorrectOklahoma Insurance Licensing Exam Questions and Answers 100% Correct All of the following are categories of a limited insurance license EXCEPT 1) crop insurance 2) variable life insurance 3) credit life insurance 4) travel insurance - ANSWER-2) variable life insurance What term best describe...

Actuary a mathematician employed by the insurer who develops the rates for the insurer. Underwriter (Home Office Underwriter) and employee of the insurer What three things do Underwriters do? Gathers information analyses exposures (determines risk) selects risk for the insurer underwriting the process of selecting risks Producer (agent) (field underwriter) (agent underwriter) a person licensed to solicit, negotiate, sell, or service (practice) insurance on beha...

Oklahoma insurance life only Exam/99 answered Questions A+ Scores!!!

Earth movement endorsement - correct answer· Separate premium dependent on the type of dwelling and how susceptible it is to earth quakes Deductible is a percentage of loss Home Day Care Coverage Endorsement - correct answer-homeowners policy endorsement used to provide coverage for home __________ businesses -Includes liability coverage -does not include coverage for sexual assault Personal property replacement cost - correct answerHomeowners policy endorsement that adds replacement c...

Oklahoma Insurance Exam Questions With Solutions Life Insurance Transfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance transfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured person. Risk Chance of loss: only pure risk is insurable. Loss Unplanned reduction in economic value.