Stop loss reinsurance - Samenvattingen, Aantekeningen en Examens

California Life, Accident, and Health Insurance Final Exam Questions and Answers Already Passed What distinguishes a deferred annuity from an immediate annuity? The time at which benefit payments start 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? 60 payments What is a common reason people purchase an annuity? To protect against the risk of outlivin...

C16 THE BUSINESS OF INSURANCE EXAM QUESTIONS AND CORRECT ANSWERS 2024/2025 GRADED A+. 2 / 24 1. List the two fundamental principles of insurance.: 1.The premiums of themany are used to pay the losses of the few. 2. The premiums shall be commensurate with the risk. -Insurance fulfils a societal need -Provides consumers with financial security for particular types of accidental losses.Also underpins the economy facilitating economic growth and societal development -Insurance is the prom...

AU62 Course Exam Practice Questions & Answers, 100% Accurate. Verified. An organization may incur losses from legal liabilities in a number of different ways. Which one of the following actions would best be described as an intentional tort? - -A newspaper mistakenly identifies the driver in an alcohol-related hit and run accident as John Doe, a prominent local attorney. Martin, a 15-year-old boy, carelessly tossed a glass bottle over the heads of several people toward a recycling bin 15...

Kentucky Life Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A Q: Traditional individual retirement annuity (IRA) distributions must start by Answer: April 1st of the year following the year the participant attains age 70 1/2 Q: How are Roth IRA distributions normally taxed? Answer: Distributions are received tax-free Q: How can an insurance company minimize exposure to loss? Answer: Reinsurance Q: Al...

Heisenberg Insurance has a home office in Albuquerque, New Mexico and they specialize in insuring chemical manufacturers. Heisenberg is owned by its policyholders and any annual profits are distributed through rate reductions. Which type of insurer is Heisenberg? - mutual insurer Antonio is employed by an insurance company. He reviews applications to determine whether his company should insure the applicant. Antonio assigns the applicant to a rating category based on the applicant's degree...

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...

CLU HS 323 Quiz Questions Group assets according to their risk characteristics and establishing criteria to maintain prescribed ratios of holdings in each of these risk categories is called (A) portfolio risk management (B) riding the yield curve (C) categorical investment (D) segmentation of the general account - (D) segmentation of the general account Which of the following statements concerning current assumption whole life is correct? (A) It has a redetermination feature that rec...

LOMA 281 Module 1 Latest 2023 Graded A+ Risk the possibility of an unexpected result. Premium A specified amount of money an insurer charges in exchange for its agreement to pay a policy benefit when a specific loss occurs. Insurance company A company that provides protection against the risk of financial loss caused by specific events. Life insurance A type of insurance under which the insurer promises to pay a death benefit upon the death of a named person. Annuity A financial product by w...

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...

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...