Which risk is insur - Study guides, Class notes & Summaries

WGU D076 Objective Assessment (Latest 2024/ 2025 Update) Finance Skills for Managers| Questions and Verified Answers| 100% Correct| Grade A About a year ago, the short-term Treasury bill had 1.54% interest and the long-term Treasury note had 2.54% interest. This week, the 1-year Treasury bill has an interest rate of 3.13%, while the 10-year Treasury note has an interest rate of 2.28%....

Life, accident and health insurance state exam- OH Already Passed A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? - Answer ️️ -preferred Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has - Answer ️️ -better than average mortality The waiver of premium does NOT include which provision? - Answer ️️ -Al future premiums are waived if the insured recovers from t...

Texas Property & Casualty Insurance Exam (Updated) Questions & Answers Solved 100% Correct!!

The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - correct answer insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - correct answer cancelable The renewability provision in a cancelable policy allows the insurer to cancel or termina...

Texas Property & Casualty License Exam with Answers 1. Property vs Casualty: What is considered property? 2. Property vs Casualty: What is considered casualty? Structure & Personal Property Non-property losses. Legal liability to others. 3rd Party 3. Risk uncertainty of financial loss 4. Pure Risk Chance of Loss 5. Speculative Risk Chance of Loss or Gain (Gamble) 6. Insurance (covers which type of risk?) 7. How does the law of large numbers apply in insur- ance? 8. What is the la...

California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct 105. Question #90543 The formula that is used to determine how much is taxable during the payout is the: AMortality ratio B7 pay test CMorbidity ratio DExclusion ratio: d Explanation: The exclusion ratio is the formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. 106. Question #90627 During the waiting (elimination) period: AThe insure...

What does life insurance protect against? - Answer- Dying too soon. What happens to the death benefit with a Variable Universal Life Policy? - Answer- It may increase/decrease within limits. Who sells insurance to a client and owes a fiduciary duty to an insurance company? - Answer- The Agent/Producer What does a "Family Policy" provide? - Answer- Different coverage on different family members. In order to qualify for AD&D coverage, the accident must directly cause death within how...

NEW FLORIDA ADJUSTER LICENSING 455 QUESTIONS WITH ANSWERS 2024 1. While driving, Ben was struck by another driver, Rox- anne. Ben then filed a claim with Roxanne's insurer. In essence, what was Ben doing when he filed this claim? Alerting Roxanne's insurer of his intent to take the case to court Submitting a formal request to settle the damages with Roxanne's insurer Ordering Roxanne's insurer to pay for his damages within 15 days Admitting he was actually "at fault" 2. Mark incurr...

NC Life Insurance - Other Life Topics - Chapter Quiz with Verified Solutions Contracts that are prepared by one party and submitted to the other party on a "take it or leave it" basis are classified as A. Binding contracts. B. Contracts of adhesion. C. Unilateral contracts. D. Aleatory contracts. - Answer ️️ -(B) Contracts of adhesion Insurance policies are written by the insurer and submitted to the insured on a "take it or leave it" basis. The insured does not have any input i...

North Carolina XCEL Testing Life & Health Insurance Exam Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated -Answer: 1970 - Fair Credit Reporting Act What type of reinsurance contract involves two companies automatically sharing their risk exposure? -Answer: Treaty What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained? -Answer: Fai...