Exam fx study guide - Study guides, Class notes & Summaries

What phase begins after a new policy is delivered? correct answer: Free look period In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this describe? correct answer: Unilateral What is the term used for an applicant's written request to an insurer for the company to issue a contract, based on the information provided? correct answe...

What phase begins after a new policy is delivered? - Free look period In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this describe? - Unilateral What is the term used for an applicant's written request to an insurer for the company to issue a contract, based on the information provided? - application Whose responsibility is it...

exam fx study guide 2022 with complete solution What phase begins after a new policy is delivered? Free look period In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this describe? Unilateral What is the term used for an applicant's written request to an insurer for the company to issue a contract, based on the information provided...

My Life and Health Insurance Study Guide Exam FX 312 Questions with Verified Answers

Nursing Informatics Certification Exam, ANCC Informatics, ANCC Nursing Informatics Certification Review 629 Questions with Answers Meta structure of NI - CORRECT ANSWER The ability of the nurse to utilize data, information, and knowledge to make wise clinical decisions. Definition of Nursing Informatics - CORRECT ANSWER A speciality that integrates nursing science with multiple information and analytical sciences to identify, define, manage and communicate data, information, knowledge and ...

exam fx study guide 2022 with complete solution What phase begins after a new policy is delivered? Free look period In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this describe? Unilateral What is the term used for an applicant's written request to an insurer for the company to issue a contract, based on the information provided...

To make whole again - Answer - Purpose of insurance Basic principle of insurance which the financial loss is assigned to another party. - Answer - Transfer A principle stating that the larger number of similar exposure units considered, the more closely the losses reported will equal the underlying probability of loss. - Answer - Law of large numbers What you pay a month. - Answer - Premium The chance of a loss occurring that involves the opportunity for loss or gain. NOT INSURABLE -...

exam fx study guide 2022 with complete solution

Exam fx study guide 2022 with complete solutionWhat phase begins after a new policy is delivered? - CORRECT ANSWERS Free look period In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this describe? - CORRECT ANSWERS Unilateral What is the term used for an applicant's written request to an insurer for the comp...