Lloyds associations - Study guides, Class notes & Summaries
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Wisconsin Life Insurance Exam|Latest Update Graded A+
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Wisconsin Life Insurance Exam|Latest Update Graded A+ 
Mortality 
The rate people will die 
 
 
Morbidity 
The rate people will get sick 
 
 
Peril 
The cause of loss and the event insured against. 
Ex: premature death, dependency during old age, accident, and sickness 
 
 
Adverse Selection 
The tendency for poorer than average risks to seek out insurance 
 
 
Annuity 
Annuities protect against the risk of living longer than expected. Annuities provide a guaranteed life income to protect agains...
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Life Insurance Exam – Wisconsin Questions and Correct Answers | Latest Update
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Mortality 
 -:- The rate people will die 
Morbidity 
 -:- The rate people will get sick 
Peril 
 -:- The cause of loss and the event insured against. 
Ex: premature death, dependency during old age, accident, and sickness 
Adverse Selection 
 -:- The tendency for poorer than average risks to seek out insurance 
Annuity 
 -:- Annuities protect against the risk of living longer than expected. 
Annuities provide a guaranteed life income to protect against the risk of 
depleting retirement funds 
...
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General Life Insurance Latest 2023 Graded A
- Exam (elaborations) • 8 pages • 2023
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General Life Insurance Latest 2023 Graded A insurance transfer of responsibility in exchange for premium 
risk the possibility or chance something could happen 
exposure the amount of loss 
hazard situation that increases the possibility of the loss occurring 
peril cause of the loss 
loss reduction in the value of an asset 
which type of risk to insurers accept? pure risk 
what is the purpose of insurance to restore the insured to the insured's original position 
Which type of risk is NOT cove...
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Property & Casualty Test (Indiana Section) Questions with Complete Solutions
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Property & Casualty Test (Indiana Section) Questions with Complete Solutions 
Insurance commissioner has the authority to..? enforce state insurance laws 
Department of Insurance has the power to..? Supervise the organization, regulation, examination, rehabilitation, liquidation and conservation of all insurance companies doing business in the state 
Insurance laws have been written to protect the insuring public 
The commissioner has 3 main authorities 1. Executive Authority 2. Legislative Auth...
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RMIN 4000 UGA- Brown- exam 2 (chapter 5 only) Questions and Answers New (2024/2025) Solved 100% Correct
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distribution- independent agency - usually represents several unrelated insurers 
agents are paid a commission which varies by the line of insurance 
the agency owns the expirations or renewal rights to the business 
agents may be authorized to adjust small claims and may provide loss control services to their insurers 
large brokerage firms - very important in commercial P&C coverage 
may have knowledge of highly specialized insurance markets 
may provide risk management and loss control servic...
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Wisconsin Life Insurance Exam|Latest Update Graded A+
- Exam (elaborations) • 8 pages • 2024
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- $10.59
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Wisconsin Life Insurance Exam|Latest Update Graded A+ 
Mortality 
The rate people will die 
 
 
Morbidity 
The rate people will get sick 
 
 
Peril 
The cause of loss and the event insured against. 
Ex: premature death, dependency during old age, accident, and sickness 
 
 
Adverse Selection 
The tendency for poorer than average risks to seek out insurance 
 
 
Annuity 
Annuities protect against the risk of living longer than expected. Annuities provide a guaranteed life income to protect agains...
-
Life and Health Insurance Exam 1 questions and answers well illustrated.
- Exam (elaborations) • 17 pages • 2023
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Life and Health Insurance Exam 1 questions and answers well illustrated. 
 
 
 
 
 
 
 
 
 
 
 
 
 
UNIT 1: The term used to describe the individual who is covered by the insurance is 
A. insurer 
B. insured 
C. policyowner 
D. risk - correct answers.B 
 
Which of the following is a risk? 
A. A car may need to have new brakes installed after several years of regular driving. 
B. An individual may need medical attention after slipping on the ice and falling. 
C. Both are examples of risk. 
D. Ne...
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Life Insurance Exam – Wisconsin Questions and Answers
- Exam (elaborations) • 7 pages • 2024
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Life Insurance Exam – Wisconsin 
 
Mortality - Answer- The rate people will die 
 
Morbidity - Answer- The rate people will get sick 
 
Peril - Answer- The cause of loss and the event insured against. 
Ex: premature death, dependency during old age, accident, and sickness 
 
Adverse Selection - Answer- The tendency for poorer than average risks to seek out insurance 
 
Annuity - Answer- Annuities protect against the risk of living longer than expected. Annuities provide a guaranteed life incom...
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REAL Wisconsin Life Insurance Exam @ 2023 WITH 100% VERIFIED ANSWERS
- Exam (elaborations) • 8 pages • 2023
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Mortality - Answer The rate people will die 
Morbidity - Answer The rate people will get sick 
Peril - Answer The cause of loss and the event insured against. 
Ex: premature death, dependency during old age, accident, and sickness 
Adverse Selection - Answer The tendency for poorer than average risks to seek out 
insurance 
Annuity - Answer Annuities protect against the risk of living longer than expected. 
Annuities provide a guaranteed life income to protect against the risk of depleting 
reti...
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CISR Agency Operations Exam 82 Questions with Answers,100% CORRECT
- Exam (elaborations) • 9 pages • 2023
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CISR Agency Operations Exam 82 Questions with Answers 
 
Four benefits of ethical behavior -CORRECT ANSWER a. To be recognized as knowledgeable insurance professionals within the community 
b. To gain public trust and confidence 
c. To avoid government regulation 
d. To enhance credibility with customers and companies 
 
Misrating & Misclassification - CORRECT ANSWER Risk misrated to write coverage - Insurer doesn't receive enough premium; Insurer not able to pay losses 
 
Common ethical iss...
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