An insuranc - Study guides, Class notes & Summaries

Specific insurance - ANSWERSThis type of insurance designates a particular item to be insured Blanket insurance - ANSWERSThis type of insurance covers more than one item of property at a single location or one more items of property at multiple locations. Speculative - ANSWERSpossibility of both gain and loss. Not insurable. Pure - ANSWERSonly the possibility of loss. Insurable. What are the 5 methods of managing or handling risk? - ANSWERSavoid, control, retain, and transfer risk. ...

Idaho Bail Bondsman Insurance License Exam Questions and Answers...

All of the following are functions of an insuring clause EXCEPT a. States the conditions under which the policy will pay b. Outlines the kind of benefits provided c. Primarily describes the free-look period d. Provides the policy's scope and limits of coverage ️ c. Primarily describes the free-look period The policyholder for a group health benefit plan is considered to be the a. Employee b. Employer c. Liaison d. Insurer ️ b. Employer Matt is applying for life insurance and requ...

MICHIGAN INSURANCE EXAM QUESTIONS AND ANSWERS

Michigan Insurance Test

CPCU 500 (American Institutes Insurance CPCU 500) Questions & Ans..

c. Primarily describes the free-look period - Answer All of the following are functions of an insuring clause EXCEPT a. States the conditions under which the policy will pay b. Outlines the kind of benefits provided c. Primarily describes the free-look period d. Provides the policy's scope and limits of coverage b. Employer - Answer The policyholder for a group health benefit plan is considered to be the a. Employee b. Employer c. Liaison d. Insurer c. dies instantly from a ca...

Primerica Life Insurance Test Exam Questions and Correct Answers 2024/2025 An example of an alien insurer doing business in this state is one formed under the laws of - CORRECT ANSWER-Mexico Partners in a business want to make sure that if - CORRECT ANSWER-Buy-Sell Agreement Ten years ago an insured purchased a life insurance policy designed to pay his family $500 - CORRECT ANSWER-Family income policy An agent delivers a policy to an applicant who pays the initial premium but refus...

CPCU 500(AMERICAN INSTITUTE INSURANCE) REAL 142 QUESTION AND LATEST ANSWERS GUARANTEED PASS 100% A GRADE.

A domestic insurance companay: CORRECT ANSWER-is incorporated in the state within which it is located. It is considered foreign in all other states. A captive insurance company exists primarily to: CORRECT ANSWER-underwrite the risks of the parent owner. What agreement is for laying the legal framework of the insurance business? CORRECT ANSWER-Insurance agent partnership agreement True or False: An 'arrest' must be accompanied by physical restraint or handcuffs CORRECT ANSWER-False ...