A producer represents - Study guides, Class notes & Summaries

Which policy provision permits the policy owner to take a specified number of days to examine the contract, and allows for cancellation and a full refund if the policy owner rejects the terms or costs? - Free Look When will a policy pay on a UCR basis? - When particular benefits are not listed on a payment schedule Which type of rider reimburses health and social service expenses incurred in a convalescent or nursing home facility? - long term care rider Which of the following is exempt...

AINS 101 Qs&As 2023 Actual cash value (ACV) - ANS-The cost to replace property with new property of like kind and quality less depreciation. Adverse selection - ANS-Insuring individuals with a high probability of loss at a cost lower than the insurer would normally charge for that risk because it wasn't aware of the actual risk involved. Binder - ANS-A temporary written or oral agreement to provide insurance coverage until a formal written policy is issued. Book of business - ANS-A gr...

SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - ANSWERSA valuation method used by...

Hypothesis - is an assumption about a population parameter such as a mean or a proportion null hypothesis (H0) - -represents the status quo -states a belief that the population parameter is ≤, =, or ≥ a specific value -believed to be true unless there is overwhelming evidence to the contrary alternative hypothesis (H1) - -represents the opposite of the null hypothesis -believed to be true if the null hypothesis is found to be false -always states that the population parameter is >, ...

Revenue Management Final Exam | Latest 2023 with complete solution What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What elem...

Suppose that the United States imposes a tariff on avocados imported from Mexico. What impact will this have on the price paid for avocados by United States citizens? - ANSWERS The price will increase. Which of the following is a consequence of a country imposing a tariff on imported goods? - ANSWERS The demand for foreign produced goods decreases. Suppose that the United States imposes a tariff on salt. What impact might this tariff have on the price for domestic consumers? - ANSWERS...

Indiana State Life and Health Insurance Exam Questions and Answers 100%Verified How many days is a temporary producers license valid? 30 60 90 180 180 In Indiana, the maximum fine the the commissioner can impose on a producer or company who violates a cease and desist order is___per violation? $10,000 $15,000 $20,000 $25,000 $25,000 Which of these is an example of twisting? A producer maliciously aligns another insurance company's financial status A producer...

in West Virginia an insurance company that denies a claim Must take which of the following actions Ans-must provide a written explanation of the reason for the denial to the policyholder. Who is a insurance agent? Ans-A person authorized to sell, solicit and negotiate insurance contracts What type of licensee represents the insurance company? Ans-The agent Who is responsible for the costs associated with the examination of insurers? Ans-the insurers Who can the commissioner or direct...

©THESTAR 2024/2025 ALL RIGHTS RESERVED 9:50PM. A+ 1 Indiana State Life and Health Insurance Exam Questions With Correct Answers 100% Verified. How many days is a temporary producers license valid? 30 60 90 180 - Answer180 In Indiana, the maximum fine the the commissioner can impose on a producer or company who violates a cease and desist order is___per violation? $10,000 $15,000 $20,000 $25,000 - Answer$25,000 Which of these is an example of twisting? A producer maliciously ali...

AINS 101 | 112 Question with 100 % correct answers | Verified| Updated Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a Contract o...