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Aflac Bundled Exams with complete solution
Aflac Bundled Exams with complete solution
[Show more]Aflac Bundled Exams with complete solution
[Show more]What must insurance producers have in the event of being sued for malpractice? - Errors and 
omissions insurance coverage 
Incentive programs inclue - -promotions 
-contests 
-sweepstakes 
if your local radio station requests an interview with you to discuss aflac insurance products in your 
capacit...
Preview 2 out of 7 pages
Add to cartWhat must insurance producers have in the event of being sued for malpractice? - Errors and 
omissions insurance coverage 
Incentive programs inclue - -promotions 
-contests 
-sweepstakes 
if your local radio station requests an interview with you to discuss aflac insurance products in your 
capacit...
The Commissioner must examine the affairs, transactions, accounts, records, and assets of each 
domestic insurer at least every: - 5 years 
Sharon Smith, a licensed agent, just got married and she needs to change her name. After she gets her 
official name change from SS, in how many days must she n...
Preview 1 out of 2 pages
Add to cartThe Commissioner must examine the affairs, transactions, accounts, records, and assets of each 
domestic insurer at least every: - 5 years 
Sharon Smith, a licensed agent, just got married and she needs to change her name. After she gets her 
official name change from SS, in how many days must she n...
Uses of Life Insurance - -Insured pays premium to company and in return, company assumes risk 
of that person dying prematurely 
-premium (small certain loss) is exchanged for a large uncertain loss 
-spreading risk of premature death among a large group 
Life insurance has value like property: 
-va...
Preview 3 out of 28 pages
Add to cartUses of Life Insurance - -Insured pays premium to company and in return, company assumes risk 
of that person dying prematurely 
-premium (small certain loss) is exchanged for a large uncertain loss 
-spreading risk of premature death among a large group 
Life insurance has value like property: 
-va...
Insured - Answer-A person or entity that is covered by the insured includes loss of life, health, property, 
or liability 
Owner - Answer-Responsible for paying the policy's premium that has rights under the contract 
Stockholders - Answer-Owned by stock company 
Policyholders - Answer-A mutual com...
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Add to cartInsured - Answer-A person or entity that is covered by the insured includes loss of life, health, property, 
or liability 
Owner - Answer-Responsible for paying the policy's premium that has rights under the contract 
Stockholders - Answer-Owned by stock company 
Policyholders - Answer-A mutual com...
Insurance is defined as... - the transfer of PURE risk to the insurance company in consideration for 
a premium 
Pure risk is... - the chance of loss without any possibility for gain 
Speculative risk is... - the possibility for gain or loss and is not insurable 
Risk is defined as... - the chance f...
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Add to cartInsurance is defined as... - the transfer of PURE risk to the insurance company in consideration for 
a premium 
Pure risk is... - the chance of loss without any possibility for gain 
Speculative risk is... - the possibility for gain or loss and is not insurable 
Risk is defined as... - the chance f...
which dividend option allows a policy owner to use his or her dividends to buy life insurance on a single 
premium basis? - Answer-paid up additions option 
The Alabama Life and Disability Insurance Guaranty has the power to - Answer-Loan Money to an 
insolvent insurance company, guarantee the oblig...
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Add to cartwhich dividend option allows a policy owner to use his or her dividends to buy life insurance on a single 
premium basis? - Answer-paid up additions option 
The Alabama Life and Disability Insurance Guaranty has the power to - Answer-Loan Money to an 
insolvent insurance company, guarantee the oblig...
What term refers to accepting a risk and confronting it as it occurs? - Answer-Retention 
What term relates to a larger group of people that spread a risk for a small specific cost called? - AnswerLoss Sharing 
An insurance company incorporated in one state and licensed to conduct business within an...
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Add to cartWhat term refers to accepting a risk and confronting it as it occurs? - Answer-Retention 
What term relates to a larger group of people that spread a risk for a small specific cost called? - AnswerLoss Sharing 
An insurance company incorporated in one state and licensed to conduct business within an...
3x sold
*A situation that arises during the sale of insurance coverage to a customer in which the producer's self 
interest interferes with their obligation to act in the best interests of the customer is called:* 
A. conflict of interest 
B. dispute resolution 
C. teachable moment 
D. NONE of the ABOVE - ...
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Add to cart*A situation that arises during the sale of insurance coverage to a customer in which the producer's self 
interest interferes with their obligation to act in the best interests of the customer is called:* 
A. conflict of interest 
B. dispute resolution 
C. teachable moment 
D. NONE of the ABOVE - ...
ABC Company is attempting to minimize the severity of potential losses within its company. The 
company is engaged in risk 
A. transfer 
B. retention 
C. reduction 
D. avoidance - Answer-C. reduction 
"The potential for loss" is also known as a 
A. hazard 
B. risk 
C. transference 
D. peril - Answ...
Preview 3 out of 26 pages
Add to cartABC Company is attempting to minimize the severity of potential losses within its company. The 
company is engaged in risk 
A. transfer 
B. retention 
C. reduction 
D. avoidance - Answer-C. reduction 
"The potential for loss" is also known as a 
A. hazard 
B. risk 
C. transference 
D. peril - Answ...
Making a statement that is false or maliciously critical of the financial condition of an insurer is known as 
- Answer-defamation 
Which of the following statements regarding an examination of an insurer's books and records by the 
Commissioner is true? 
- An insurer has a right to delay an examin...
Preview 3 out of 19 pages
Add to cartMaking a statement that is false or maliciously critical of the financial condition of an insurer is known as 
- Answer-defamation 
Which of the following statements regarding an examination of an insurer's books and records by the 
Commissioner is true? 
- An insurer has a right to delay an examin...
1x sold
Certain conditions, such as dismemberment or total and permanent blinds, will automatically qualify the 
insured for full disability benefits. Which disability policy provision does this describe? - 
presumptive disability 
Which provision concerns the insured's duty to provide the insurer with rea...
Preview 2 out of 10 pages
Add to cartCertain conditions, such as dismemberment or total and permanent blinds, will automatically qualify the 
insured for full disability benefits. Which disability policy provision does this describe? - 
presumptive disability 
Which provision concerns the insured's duty to provide the insurer with rea...
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