Rmin 4000 edmunds - Study guides, Class notes & Summaries

RMIN 4000 Edmunds Exam 3 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Exam 3 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Exam 3 Questions and Answers 100% Verified basic parts of an insurance contract - ANSWER-declarations, definitions, insuring agreement, exclusions, conditions, and miscellaneous provisions declarations - ANSWER-statements that provide information about the particular property or activity to be insured what does the declarations page usually contain - AN...

RMIN 4000 Edmunds Exam 2 Latest Update...

RMIN 4000 Edmunds Test 3 Questions and Answers 100% Pass Basic Parts of an Insurance Contract 1. Declarations 2. Definitions 3. Insuring agreement 4. Exclusions 5. Conditions 6. Miscellaneous provisions Declarations statements that provide information about the particular property or activity to be insured definitions statements that provide information about the particular property or activity to be insured Insuring Agreement Summary of the major promises of the insure...

RMIN 4000 Edmunds Test 3 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Test 3 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Test 3 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Test 3 Questions and Answers 100% VerifiedBasic Parts of an Insurance Contract - ANSWER-1. Declarations 2. Definitions 3. Insuring agreement 4. Exclusions 5. Conditions 6. Miscellaneous provisions Declarations - ANSWER-statements that provide information about the particular property or activi...

RMIN 4000 Edmunds Exam 3 Questions and Answers Rated A+ basic parts of an insurance contract declarations, definitions, insuring agreement, exclusions, conditions, and miscellaneous provisions declarations statements that provide information about the particular property or activity to be insured what does the declarations page usually contain name and address, policy dates, amount of insurance, premium and deductible, and other relevant info definitions key words or phrases ar...

RMIN 4000 Edmunds Exam 2 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Exam 2 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Exam 2 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Exam 2 Questions and Answers 100% Verified major types of private insurers - ANSWER-Stock, Mutual, and Lloyd's of London stock insurers - ANSWER-corporation owned by stockholders. objective is to earn profit for stockholders by increasing the value of the stock and paying dividends Mutual ins...

401(k) plan - a. Must have taxable income b. Must be under age 72 c. Annual contributions to a 401K plan are income-tax deductible, investment income accumulates tax free, and distributions are taxed upon withdrawal d. Withdraw without penalty at age 59 ½ e. Certain hardship exceptions prior to age 59 ½ f. 2021 Maximum annual contribution- $19,500 g. 2021 over 50 catch up- $6,500 per year for a total of $26,000 h. Any employer match that you receive does not count toward this limit! a...

401k plan - income-tax deductible, investment income accumulates tax free, distributions taxed upon withdrawal, and any employer match that is received does not count towards contribution limit additional insureds - person or party added to the policy by an endorsement (lenders and mortgagors) advantages of group insurance - may be less expensive, tax benefits to employees (costs are usually pre tax), employer may pay all/part of premium, no evidence of insurability-no physical exam, and m...

RMIN 4000 Edmunds Test 3 Questions & Answers Basic Parts of an Insurance Contract - ANS-1. Declarations 2. Definitions 3. Insuring agreement 4. Exclusions 5. Conditions 6. Miscellaneous provisions Declarations - ANS-statements that provide information about the particular property or activity to be insured definitions - ANS-statements that provide information about the particular property or activity to be insured Insuring Agreement - ANS-Summary of the major promises of the insurer...

RMIN 4000 Edmunds Exam 2 Qs&As major types of private insurers - ANS-Stock, Mutual, and Lloyd's of London stock insurers - ANS-corporation owned by stockholders. objective is to earn profit for stockholders by increasing the value of the stock and paying dividends Mutual insurers - ANS-a corporation owned by policyholders. profits are distributed to policyholders by dividends or rate reductions types of mutual insurers - ANS-advance premium mutual, assessment mutual, and fraternal insure...