Wisconsin insurance law - Study guides, Class notes & Summaries

SI Life Exam Questions and Answers 100% Pass What kind of retirement plan can a 75-employee for profit corporation establish? Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT failure to pay all claims that are reported within 90 days after a loss occurs The settlement option t...

NWM General Wisconsin Insurance Laws Questions and Answers 100% Pass What is coersion? A forceful act or threat aimed to influence a person to act against their will What is exempt? Not subject to an obligation What is an inducement? an offer that attmepts to influence the other party What is insolvent? Unable to meet financial obligations What is Lapse? A policy termination due to nonpayment of premium What is the NAIC? National Association of Insurance Commissioners Wh...

NWM General Wisconsin Insurance Laws verified answers

NWM General Wisconsin Insurance Laws verified answers.

What is coersion? - A forceful act or threat aimed to influence a person to act against their will What is exempt? - Not subject to an obligation What is an inducement? - an offer that attmepts to influence the other party What is insolvent? - Unable to meet financial obligations What is Lapse? - A policy termination due to nonpayment of premium What is the NAIC? - National Association of Insurance Commissioners What is to promulgate? - To make public What is resitution? - Repayment What...

What kind of retirement plan can a 75-employee for profit corporation establish? - ANSWER-Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the - ANSWER-Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT - ANSWER-failure to pay all claims that are reported within 90 days after a loss occurs The settlement option that allows p...

Wisconsin Insurance Laws and Rules Q & A 2024/2025 with Complete Solution Actuary - A person who calculates policy rates, reserves and dividends, and makes other applicable statistical studies and reports. Affirmative Warranty - An express or implied positive representation in the policy which guarantees an existence of a fact at the time the policy was entered into. Alien Insurance Company - A company that is chartered and organized in any country other than the United States. A...

An insurer decides to renew a policy but at a higher premium rate, starting on the renewal date. How many days in advance must the insured be notified? 1. 60 days 2. 90 days 3. 100 days 4. 30 days - 1. 60 days Which of the following includes information regarding a person's credit, character, reputation, and habits? 1. Consumer history 2. Insurability report 3. Agent's report 4. Consumer report - 4. Consumer report An insurance producer just sold an insurance policy to his sister. ...

Ch. 11 Wisconsin Insurance Laws and Rules Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

Wisconsin Casualty Insurance Law Exam 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert) In the event an insurance company decides not to renew an auto insurance policy, how much notice is required to be given to the policyholder? 1. 60 days 2. 10 days 3. 20 days 4. 30 days ANS 1. 60 days 2. An automobile liability insurance policy that is purchased to satisfy the requirements of theWisconsin Financial Responsibility Law must contain all of the following coverages, EXCE...