Stop loss reinsurance - Samenvattingen, Aantekeningen en Examens

Under a long-term care insurance policy, adult day care coverage will provide for part time care at a facility for elderly individuals who live at home Which of the following is NOT true regarding a family policy that covers children? Conversion of child's coverage to permanent insurance requires evidence of insurability How long is a person expected to be disabled in order to receive Social Security disability benefits? 12 months Which of the following describes the number of deaths in ...

AINS 101 - Increasing Your Insurance IQ Questions & Answers Which of the following represents uncertainty about outcomes that can be negative or positive? - ANSRisk The primary role of insurance is to - ANS-Indemnify individuals and organizations for covered losses. The insurance agent suggested that Sally's Snack Shop buy a policy that combines property, crime, and liability coverage into one policy. This is referred to as as a(n) - ANS-Commercial package policy (CPP) Coverage for mone...

28. Which of the following statements concerning factors used in the selection and classification process of applicants for life insurance is correct? (A) Applicants must submit document proof of age as part of the application. (B) Any past health record of the applicant is of little real relevance in the selection process. (C) The determination of an applicant's mortality expectation involves an examination of the relationship between height, weight, and girth. (D) The influence of hered...

CA Life, Accident, Health Test 100% Correct Solved Which of the following would not be accomplished with the purchase of an insurance policy? - Correct Answer ️️ -Risk is eliminated Individuals become eligible for Medicare Part A benefits at what age? - Correct Answer ️️ -65 At what point does a self-insured group qualify for a stop-loss coverage? - Correct Answer ️️ -When claims exceed a specified limit in a set period of time What percentage of eligible employees must partic...

AINS 101 Exam Prep| Complete Questions Answered 100% Correctly| Updated As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for her car insurance. B. When her car's windshield break...

Which of the following represents uncertainty about outcomes that can be negative or positive? - ANS￾Risk The primary role of insurance is to - ANS-Indemnify individuals and organizations for covered losses. The insurance agent suggested that Sally's Snack Shop buy a policy that combines property, crime, and liability coverage into one policy. This is referred to as as a(n) - ANS-Commercial package policy (CPP) Coverage for money and other business property from various causes of loss su...

Premiums are Best described as - ANSWERthe amount an insured pays per unit of coverage Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - ANSWER60 payments Who does a life settlement broker represent? - ANSWERIndividual wanting to sell their life policy to a third party How is the cost of employer-provided group life insurance with coverage amou...

As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for her car insurance. B. When her car's windshield breaks, Ciara has to pay only $100 of the $600 cost of replacing it. C. When her...

Which of the following represents uncertainty about outcomes that can be negative or positive? correct answers Risk The primary role of insurance is to correct answers Indemnify individuals and organizations for covered losses. The insurance agent suggested that Sally's Snack Shop buy a policy that combines property, crime, and liability coverage into one policy. This is referred to as as a(n) correct answers Commercial package policy (CPP) Coverage for money and other business propert...

XCEL TESTING SOLUTIONS CALIFORNIA PRE-LICENSING EDUCATION LIFE, ACCIDENT AND HEALTH INSURANCE Exam With Answers (Score A+). Which of the following is NOT a required uniform provision in individual health policies? Change of occupation "Life insurance creates an immediate estate". This phrase means When the insured dies, a death benefit is paid A person who asserts a right of recovery under an insurance policy is called Claimant Before an insurer is allowed to test an individual for HIV,...