Aflac - Study guides, Class notes & Summaries

*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...

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...

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...

AFLAC STUDY PRE-CERT PRACTICE EXAM WITH QUESTIONS AND ANSWERS...

Aflac Study Pre Cert. Practice Exam 2024 Questions With Complete Solutions!!

ABC Company is attempting to minimize the severity of potential losses within its company. The company is engaged in risk A. transfer B. retention C. reduction D. avoidance - Answer-C. reduction "The potential for loss" is also known as a A. hazard B. risk C. transference D. peril - Answer-B. risk An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the A. State Guaranty Association B. Fair Labor Standards Board C. F...

AFLAC ACADEMY INSURANCE EXAM ACL006-010

which dividend option allows a policy owner to use his or her dividends to buy life insurance on a single premium basis? - Answer-paid up additions option The Alabama Life and Disability Insurance Guaranty has the power to - Answer-Loan Money to an insolvent insurance company, guarantee the obligations of an insurance company, and provide money to satisfy the obligations of an insurance company. Paula has an insurance policy that has a guaranteed minimum cash value, a guaranteed death benef...

Aflac. - Questions with Explanations of Answers Latest Update 2024.

Aflac's Understanding Insurance Fraud and Prohibited Practices guide includes _______________. - Answer-Policy administration and claims administration prohibited practices and Corrective actions and FAQs Fraud is an intentional act, omission or violation of trust designed to _____ others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain. - Answer-deceive Prohibited Practices include acts that _______ the procedures, industry codes, branding or security as ...

Aflac Study Pre Cert. Practice Exam - Questions with Explanations of Answers Latest Update 2024.