Oklahoma insurance - Study guides, Class notes & Summaries

Oklahoma Insurance Health And Life Test Questions With Solutions who is protected with the "other insurance with this insurer provision" policy owner which would not be a location where skilled nursing care is provided personal residence how is a collared assignment used in a life insurance contract. 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. givi...

Life Insurance - ANSWERSTransfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance - ANSWERStransfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured person. Risk - ANSWERSChance of loss: only pure risk is insurable. Loss - ANSWERSUnplanned reduction in economic value. hazard - ANSWERSa condition that increases the chance of a peril/setback/danger. Risk Transfer - ANSWE...

What type of insurer operates for proft and has no capital stock? Correct Answer mutual Which is true regarding an insurer examination order by the Oklahoma insurance department Correct Answer It must be ordered every five years and the insurance pays for the exam All of the following is true regarding an Oklahoma life and health guarantee association except Correct Answer Life policies are covered up to the amount of the death benefit plus the cash value A mutual ensure Correct Answer ...

Oklahoma Insurance adjusters exam

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 Licensing Exam 2023

Oklahoma Insurance Adjuster's Exam Questions and Answers 100% CorrectOklahoma Insurance Adjuster's Exam Questions and Answers 100% CorrectOklahoma Insurance Adjuster's Exam Questions and Answers 100% CorrectOklahoma Insurance Adjuster's Exam Questions and Answers 100% Correct Earth movement endorsement - 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 - ANSWER--ho...

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 Adjuster's License Exam Questions and Answers 100% CorrectOklahoma Insurance Adjuster's License Exam Questions and Answers 100% CorrectOklahoma Insurance Adjuster's License Exam Questions and Answers 100% CorrectOklahoma Insurance Adjuster's License Exam Questions and Answers 100% Correct Which of the following statements about WC is correct? - ANSWER-WC is an exclusive remedy. According to the Jones Act, if a seaman is negligent in a claim against the employer, which ...