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At what point must a life insurance applicant be informed of their right that fall under the Fair Credit Reporting Act? - CORRECT ANSWER-upon completion of the application Who elects the governing body of a mutual insurance company? - CORRECT ANSWER-policyholders An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - CORRECT ANSWER-Fair Credit Reporting Act What type of reinsurance contract involves two companies autom...

Pay the claims covered under the policy. - CORRECT ANSWER-A primary obligation of an insurance company is to: Accumulating Risk - CORRECT ANSWER-Which of the following is not a reaction to risk? An increase in the possibility that a loss may occur. - CORRECT ANSWER-Which of the following describes a hazard? Requiring the policyholder to carry insurance to value. - CORRECT ANSWER-Which of the following best meets the test of the "Principle of Indemnity"? Overpayment of a claim - COR...

Accident - CORRECT ANSWER-An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - CORRECT ANSWER-A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - CORRECT ANSWER-Unplanned, unforeseen traumatic injury to the body. Accidental Death and Dismemberment - CORRECT ANSWER-An insurance policy which pays a specified amount or a specified multiple of the insured's benefit if the ...

the correct answer? - CORRECT ANSWER-The applicant What is the term used for a written request for an insurer to issue an insurance contract based on the provided information? - CORRECT ANSWER-Application What information are the members of the Medical Information Bureau required to report? - CORRECT ANSWER-Adverse medical information about the applicants or insured. When should an agent obtain a Statement of Good Health from the insured? - CORRECT ANSWER-When the premium was paid upon...

In order for a contract to be valid, it must: - CORRECT ANSWER-Contain an offer & acceptance When does a nondisabled person first qualify for a Medicare Supplement Policy? - CORRECT ANSWER-Age 65 A life insurance company has transferred some of its risk to another insurer. The insurer assuming the risk is called the: - CORRECT ANSWER-Reinsurer A common exclusion with vision plans is: - CORRECT ANSWER-Lasik Surgery What are applicants statements concerning occupation, hobbies and persona...

Herb owns a processing plant outside of town that services all the local farmers. He's been using over-the-road transportation but wants to streamline his business by using the railroads. He contacts ABC Railway Transport and the two come to an agreement: ABC Railway will run a sidetrack onto Herb's business premises, if Herb agrees not to hold ABC Railway responsible for certain liabilities that could result from the sidetrack's use. This agreement would fall under __________ in He...

Herb owns a processing plant outside of town that services all the local farmers. He's been using over-the-road transportation but wants to streamline his business by using the railroads. He contacts ABC Railway Transport and the two come to an agreement: ABC Railway will run a sidetrack onto Herb's business premises, if Herb agrees not to hold ABC Railway responsible for certain liabilities that could result from the sidetrack's use. This agreement would fall under __________ in He...

ADL - CORRECT ANSWER-Activities of Daily Living (Section 80001) 1. Bathing 2. Dressing 3. Toileting 4. Transferring 5. Continence 6. Eating Commode - CORRECT ANSWEROstomy - CORRECT ANSWER-Help body expel waste from body Catheter - CORRECT ANSWER-Drain urine into a pouch Adult CCF - CORRECT ANSWER-Adult Community Care Facility means "Adult Residential Facility" Adult Residential Facility - CORRECT ANSWER-Any facility providing 24 hour nonmedical care and supervision for clients 18...

Adult Residential Facilities serve persons: A. 18-59 years of age B. With Developmental Disability C. Who need Care and Supervision D. With Mental Disorder E. All of the Above - CORRECT ANSWER-*E. All of the Above Administrators of Adult Residential Facilities must be: A. At least 21 years of age B. Certified C. College Graduate D. At least 18 years of age E. Both A & B - CORRECT ANSWER-*E. Both A & B Prior to admitting a person with Mental Disorder the facility must obtain: A. Appr...

T/F An "Exemption" is an exception to the requirements of Health and Safety Code Section 1522 and applicable regulations that is nontransferable - CORRECT ANSWER-True T/F Exceptions are granted for particular client(s) and can be transferred from facility - CORRECT ANSWER-False "Care and Supervision" means the following are provided by a person/facility to meet the needs of the clients - CORRECT ANSWER-Assistance in dressing, grooming, bathing, and other personal hygiene Assistan...