Insurance webce - Study guides, Class notes & Summaries

Webce Insurance Test Questions with Verified Answers 2024

Life and Health Insurance Exam WEBCE with Complete Solutions Life and Health Insurance Exam WEBCE with Complete Solutions Life and Health Insurance Exam WEBCE with Complete Solutions Risk - ANSWER-Chance of loss Loss - ANSWER-Unplanned reduction of economic value Peril - ANSWER-cause of loss Hazard - ANSWER-a condition that increases the chance of peril Risk Transfer - ANSWER-buying insurance to shift the risk to insurance company Underwriting - ANSWER-assessing appli...

Webce Insurance test questions and Answers 2023 with complete Solution. Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 - ANSWER 10 days Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions ...

Insurance webce Questions and answers

risk correct answersChance of loss Pure risk correct answersIf it's pure you can insure Speculative riak correct answersLoss or gain peril correct answersThe cause of loss Life insurance peril correct answersDeath Health insurance peril correct answersIllness, accidental injury, disability hazard correct answersIncreases chance of peril Risk Transfer correct answersshifting risk to another party Underwriting correct answersAssessing an applicant Law of Large Numbers c...

WebCE PE Only - Health Insurance Which of the following is NOT characteristic of a major medical plan? - correct answer coverage of cosmetic surgery Under a disability income insurance policy's social insurance supplement rider, what happens to the policy's benefit payments if the disabled insured qualifies for Social Security disability benefits? - correct answer The policy rider's benefit payments are decreased or terminated. Which is NOT a means by which the federal government cur...

Insurance webce|Complete Questions with A+ Graded Answers risk Chance of loss Pure risk If it's pure you can insure Speculative riak Loss or gain peril The cause of loss Life insurance peril Death Health insurance peril Illness, accidental injury, disability hazard Increases chance of peril Risk Transfer shifting risk to another party Underwriting Assessing an applicant Law of Large Numbers Mathematical principle of probability Moral ...

Pays health care provider for service and then submits a claim to the insurer for reimbursement Free Look Provision fee-for-service deductibles indemnity policy 1 of 116 Definition Share cost with a managed care provider Medicare Supplement Insurance Self-insurers commercial insurance companies managed care plans 2 of 116 Definition 90 days Notice of claims Claim forms Misstatement of age Proof of loss 3 of 116 EXAM Definition A stated sun of money that the insured must pay...

Life and Health Insurance Exam Webce with 100% correct answers