Foreign insurer Study guides, Class notes & Summaries
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RRLLB81 Assignment 2 (QUALITY ANSWERS) Semester 2 2024
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This document contains workings, explanations and solutions to the RRLLB81 Assignment 2 (QUALITY ANSWERS) Semester 2 2024. For assistance whats-app us on 0.6.8..8.1.2..0.9.3.4... LIABILITY INSURANCE IN SOUTH AFRICAN LAW AS A COMPLEX FORM OF 
INDEMNITY INSURANCE 
Background 
There are several classifications of insurance; the most common is the distinction between 
indemnity insurance (also referred to as non-life insurance) and non-indemnity insurance 
(also referred to as life insurance). With ...
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Mississippi Insurance Test | 200 Questions with 100% Correct Answers | Verified | Latest Update 2024
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The Commissioner of Insurance in Mississippi is elected to office for a term of - 4 years 
The burden of proof for determining that a producer is representing an authorized insurer falls on - 
The producer 
The fine the Commissioner may levy for violating any provision of the Insurance Code is - $1000 
A foreign insurer - An insurer formed under the laws of any state other than Mississippi would be 
known as 
Each of the following is true about the Mississippi Residential Property Insurance Unde...
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FLORIDA LIFE INSURANCE/ ANNUITIES 2-14 STUDY SET EXAM WITH CORRECT ANSWERS
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FLORIDA LIFE INSURANCE/ ANNUITIES 
2-14 STUDY SET EXAM WITH CORRECT 
ANSWERS 
Which of the following individuals MUST be licensed as an agent? - CORRECT 
ANSWER-A person who places insurance on behalf of anyone seeking insurance. 
Which of the following statements regarding a nonresident insurance agent is 
CORRECT? - CORRECT ANSWER-The agent must hold a similar license in their state 
of residence 
State insurance laws specifically allow the Commissioner(or Director) to issue a 
temporary...
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Ohio Property and Casualty Exam Questions & Answers 2023-24
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Ohio Property and Casualty Exam Questions & Answers 2023-24 
 
 
What do individuals use to transfer their risk of loss to a larger group? - ANSWER-Insurance 
 
What are the four elements of an insurance contract? - ANSWER-Agreement (Offer and Acceptance), Consideration, Competent parties, and legal purpose. 
 
In the agent/insurer relationship, who is considered the principal? - ANSWER-Insurer 
 
Insurance contracts are aleatory in nature. What does that mean? - ANSWER-Unequal values are exchan...
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Primerica Life Insurance Exam: Questions & Answers: Latest Updated A+ Guide Solution
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An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? 
 
a. mutual 
b. reciprocal 
c. nonprofit service organization 
d. stock 
 (Ans- A. mutual 
 
funds not paid out after paying claims and other operating costs are returned to the policy owners in the form of a dividend. if all funds are...
And that's how you make extra money
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Mississippi Insurance Test Questions and answers(fully comprehensive)100% accurate(DOWNLOAD TO PASS)
- Exam (elaborations) • 19 pages • 2024
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The Commissioner of Insurance in Mississippi is elected to office for a term of 
4 years 
 
 
 
The burden of proof for determining that a producer is representing an authorized insurer falls on 
The producer 
 
 
 
The fine the Commissioner may levy for violating any provision of the Insurance Code is 
$1000 
 
 
 
A foreign insurer 
An insurer formed under the laws of any state other than Mississippi would be known as 
 
 
 
Each of the following is true about the Mississippi Residential Prope...
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West Virginia Insurance Property & Casualty Exam | 200 Questions with 100% Correct Answers | Verified | Latest Update 2024
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a domestic user will be examined by the commissioner at least once every ___ - 5 years. 
an insurance company owned by its policyholder is known as ___ - mutual insurance company. 
an insurance company headquartered in ohio, conducting business with west virginia is know as ___ - 
foreign insurer. 
agent wilson strikes a deal with his client: if the client agree to purchase homeowners insurance from 
agent wilson, wilson will waive the clients first premium payment. wilson is guilty of ___ - reb...
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Primerica Life Insurance Exam 2024 100% Passed
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Primerica Life Insurance Exam 2024 100% Passed 
An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check 
from the insurance company that was not taxable. This year, she did not receive a check from the 
insurer. From what type of insurer did the insured purchase the policy? 
a. mutual 
b. reciprocal 
c. nonprofit service organization 
d. stock - Answer ️️ -A. mutual 
funds not paid out after paying claims and other operating costs are returned to the po...
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California Life Accident and Health Exam Practice 2024
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California Life Accident and Health Exam Practice 2024 
A 
ABC INSURANCE -Answer-JOHN IS THE AGENT FOR ABC INSURANCE AND JANE 
IS THE INSURED. WHO IS THE PRINCIPAL IN THIS AGENCY RELATIONSHIP? 
A 
ABC INSURANCE 
B 
JOHN 
C 
JANE 
D 
NONE 
D 
ADMITTED -Answer-A(N) ________ INSURER IS AUTHORIZED TO WRITE 
INSURANCE POLICIES IN A PARTICULAR STATE. 
A 
DOMESTIC 
B 
NON-ADMITTED 
C 
FOREIGN 
D 
ADMITTED 
B 
A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON BEHALF OF AN 
INSURED -Answer-WHICH OF THE FOLL...
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PSI - LIFE, ACCIDENT, AND HEALTH –FULL| Questions and Answers, 100% Verified| Latest 2023/2024
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PSI - LIFE, ACCIDENT, AND HEALTH –FULL| Questions and Answers, 100% Verified| Latest 2023/2024 
PSI - LIFE, ACCIDENT, AND HEALTH – 
FULL| Questions and Answers, 100% 
Verified| Latest 2023/2024 
What happens under a misstatement of age clause on a disability policy? 
1. 
The policy would be terminated and all premiums would be returned to the policy 
owner. 
2. 
The policy would be terminated and all premiums would be retained by the 
insurance company. 
3. 
All amounts payable under t...
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