Examen
Life Insurance Exam – Wisconsin (88 questions with 100- correct answers).
- Grado
- Institución
Life Insurance Exam – Wisconsin (88 questions with 100- correct answers).
[Mostrar más]Vista previa 3 fuera de 20 páginas
Vista previa 3 fuera de 20 páginas
Añadir al carrito
Añadir al carrito
Vendedor
Seguir
GUARANTEEDSUCCESS
Comentarios recibidos
Vista previa del contenido
Life InsuranceExam –
Wisconsin (88
questions with
100% correct
answers)
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 retirement funds
Lloyds Associations - answer Described as a market
where individuals and groups gather to exchange
insurance, much like stock exchanges provide a
place to buy, sell and trade stocks
Risk Retention Groups - answer Llimited liability
companies or member-owned corporations that
collectively assume and spread their members'
liability risks through self-insurance. All members of
a risk retention group must be employed in similar
types of businesses so that they have similar
liability exposures
Express Authority - answer The explicit authority
granted to the agent by the principal as written in
the agency contract
, Implied Authority - answer Not specifically
expressed by the principal to the agent in the
agency contract, but is implicit in the agent's
duties
Apparent Authority - answer Is a situation in which
the insurer gives the customer a reasonable belief
that an agent has the power and authority to bind
the principal, even in cases where the agent does
not have such authority
Fair Credit Reporting Act (FCRA) - answer The Act
requires consumer-reporting agencies to
implement policies and procedures to preserve the
confidentiality, accuracy, relevance, and
appropriate utilization of consumer's private credit
information
What cannot be in a consumer report unless for a
life insurance policy of $150,000 or more: - answer
-Bankruptcies dating back more than 10 years
-Civil suits and judgments dating back more than
seven years or cases in which the statute of
limitations has expired, whichever period is longer
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GUARANTEEDSUCCESS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now