Aflac - Study guides, Class notes & Summaries

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Aflac Academy Insurance Exam ACL006-010 Questions & Answers Already Passed!!

Aflac Academy Insurance Exam ACL006-010 Questions & Answers Already Passed!!
Exam (elaborations) • 29 pages • 2024
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*A situation that arises during the sale of insurance coverage to a customer in which the producer's self interest interferes with their obligation to act in the best interests of the customer is called:* A. conflict of interest B. dispute resolution C. teachable moment D. NONE of the ABOVE - Answer-*A. conflict of interest* *Which of the following reasons is NOT a valid reason for replacing a customer's insurance coverage?* A. rate increase B. declining health status C. need for increa...

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Law 3220 Exam 4 Clemson Latest Update Graded A
Exam (elaborations) • 9 pages • 2024 Popular
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Law 3220 Exam 4 Clemson Latest Update Graded A Agency An agency is created when a person or company (an agent) agrees to act for or in place of another person or company (the principal) Parties in an Agency -The principal creates authority in an agent -The agent receives authority and carries out the principal's instructions -Third parties make contract or are involved in torts with the agents Disclosed Principal Identity of principal is known by the third party at time of making of contract w...

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Aflac Final Exam Questions & Answers Already Graded A+

Aflac Final Exam Questions & Answers Already Graded A+
Exam (elaborations) • 10 pages • 2024
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Certain conditions, such as dismemberment or total and permanent blinds, will automatically qualify the insured for full disability benefits. Which disability policy provision does this describe? - presumptive disability Which provision concerns the insured's duty to provide the insurer with reasonable notice in the event of a loss? - notice of claim Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following el...