An insured u Study guides, Class notes & Summaries

Missouri Life and Health Insurance Questions & Answers(Rated A) Insurance transaction includes: -ANSWER By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract -ANSWER -Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT need to happen Who make the offer in an insurance application -ANSWER - Applicant When does acceptance take place -ANSWER - An...

RMIN 4000 UGA Test 3| Questions and AnswerAuto Insurance - ANSWER--6 or 12 month policy -premiums usually paid monthly or quarterly 5 general types of auto coverage - ANSWER-1. liability 2. damage 3. uninsured motorist 4. medical payments 5. convenience coverage Personal Auto Policy (PAP) - ANSWER---3rd party coverages (payments to someone else): •Part A: Liability Coverage (required by state) --1st party coverages (payments to you): •Part B: Medical Payments Coverage •Part ...

the members of a limited liability company are insureds under a businessowners policy (BOP) if The limited liability company is designated as the named insured. An endorsement added to a businessowners policy that provides coverage for direct damage caused by utility service disruption stemming from a covered peril is called Utility Services - Direct Damage. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:02 / 0:15 Full screen Which of t...

Florida Personal Lines Exam Questions 100% Answered which part of an insurance policy covers claims-related expenses, reasonable expenses incurred by an insured to protect damage property from further loss, or defense expenses? A. Additional Coverage B. Exclusion C. Declaration D. Insuring Agreement - answerA. Additional coverage The additional coverage portion of a policy provides an additional amount of coverage for a specific loss expense, at no additional premium. Agents who persua...

Florida Personal Lines Exam Questions 100% Answered which part of an insurance policy covers claims-related expenses, reasonable expenses incurred by an insured to protect damage property from further loss, or defense expenses? A. Additional Coverage B. Exclusion C. Declaration D. Insuring Agreement - answerA. Additional coverage The additional coverage portion of a policy provides an additional amount of coverage for a specific loss expense, at no additional premium. Agents who persua...

Primerica Practice test part 1 1. An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. The insured knows that his financial state will worsen even more with the upcoming medical expenses. What option could the insured utilize?

In insurance, an offer is usually made when - CORRECT ANSWER- An applicant submits an application to the insurer An individual is purchasing a permanent life insurance policy with a face value of $25,000. While this is all the insurance that he can afford at this time, he wants to be sure that additional coverage will be available in the future. Which of the following options should be included in the policy? - CORRECT ANSWER- Guaranteed insurability option Which of the following policies...

that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adjuster must not: A. Promptly investigate the claim. B. Follow the laws regarding the number of days in which to commence an investigation. C. Deny the claim until a fair and prompt investigation has commenced. D. Pay the claim within a reasonable num...

NCE + CPCE Questions TEST BANK. All Examinable Questions with accurate answers. 100% Approved pass rate. FULL COVERAGE,0VER 200 QUIZZES ________ was a university professor in the late 19th and early 20th century who was an advocate for the career guidance movement and wrote several books about the importance of vocational counseling. In 1909, ______ most well-known book, Choosing a Vocation, was published posthumously and outlined the trait-factor theory of career development. Frank Pars...

Xcel Life, Accident, Health License Exam Questions with 100% Correct Answers who is not eligible for social security survivor benefits? A. Full-time students under the age of 19 B. A deceased worker's dependent parents of any age C. A widow at any age who is caring for children younger than 16 D. A widow at full retirement age - Correct Answer ️️ -A deceased worker's dependent parents of any age (must be at least 62 years old) what does the group life underwriting risk selection p...