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Aflac Bundled Exams with complete solution

Aflac Bundled Exams with complete solution

11 items

Aflac ACL06-10 Questions And Answers Rated A+ New Update Assured Satisfaction

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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...

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Aflac practice Exam A Producer State Law Study Questions With Correct Answers.

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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...

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Aflac- Life Insurance Questions & Answers Already Passed!!

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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...

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Aflac Health Insurance Test Questions & Answers Solved 100% Correct!!

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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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Aflac Insurance Licensing Test- Key Concepts Questions & Answers Already Graded A+

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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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Aflac Study Test Questions & Answers Already Passed!!

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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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Aflac Practice Exam A Study Questions With Correct Answers.

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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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Aflac Academy Insurance Exam ACL006-010 Questions & Answers Already Passed!!

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*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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Aflac Study Pre Cert. Practice Exam Quizzes And Answers Latest 2024

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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...

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Aflac Insurance Exam Questions And Answers Rated A+ New Update Assured Satisfaction

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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...

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Aflac Final Exam Questions & Answers Already Graded A+

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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...

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