Mi insurance exam Study guides, Class notes & Summaries

Preferred Risk - correct answer an insurance applicant with a below average likelihood of loss is typically considered to be Conversion - correct answer Tim is covered under a group plan and would like to change is group coverage to an individual policy with the name insurer because of employment termination. Which of these describes the change that will take place? Dies instantly from a car accident - correct answer Matt is applying for life insurance and requests a double indemnity rider...

RMI insurance exam 1 prep Correct QuesWhich type of hazard results from a physical condition that increases the likelihood of a loss occurring? A. physical harm B. Character Hazard C. moral hazard D. Morale Hazard - ANSWER A indifference to risk due to the fact that the insured has insurance - ANSWER morale hazard the potential for loss caused by the character of the individual - ANSWER moral hazard The section of a insurance contract that describes exactly which property or person ...

Preferred Risk - ANSWER an insurance applicant with a below average likelihood of loss is typically considered to be Conversion - ANSWER Tim is covered under a group plan and would like to change is group coverage to an individual policy with the name insurer because of employment termination. Which of these describes the change that will take place? Dies instantly from a car accident - ANSWER Matt is applying for life insurance and requests a double indemnity rider. A double indemnity ben...

an insurance applicant with a below average likelihood of loss is typically considered to be Correct Answer: Preferred Risk Tim is covered under a group plan and would like to change is group coverage to an individual policy with the name insurer because of employment termination. Which of these describes the change that will take place? Correct Answer: Conversion Matt is applying for life insurance and requests a double indemnity rider. A double indemnity benefit will be payable to Ma...

MI Insurance Exam Questions with complete solutions 2023. Preferred Risk - correct insurance applicant with a below average likelihood of loss is typically considered to be Conversion - correct answers.Tim is covered under a group plan and would like to change is group coverage to an individual policy with the name insurer because of employment termination. Which of these describes the change that will take place? Dies instantly from a car accident - correct answers.M...

Preferred Risk - Answer an insurance applicant with a below average likelihood of loss is typically considered to be Conversion - Answer Tim is covered under a group plan and would like to change is group coverage to an individual policy with the name insurer because of employment termination. Which of these describes the change that will take place? Dies instantly from a car accident - Answer Matt is applying for life insurance and requests a double indemnity rider. A double indemni...

Which type of hazard results from a physical condition that increases the likelihood of a loss occurring? A. physical harm B. Character Hazard C. moral hazard D. Morale Hazard - ANSWER A indifference to risk due to the fact that the insured has insurance - ANSWER morale hazard the potential for loss caused by the character of the individual - ANSWER moral hazard The section of a insurance contract that describes exactly which property or person is covered is the: A. declarations se...

Which type of hazard results from a physical condition that increases the likelihood of a loss occurring? A. physical harm B. Character Hazard C. moral hazard D. Morale Hazard - ANSWER A indifference to risk due to the fact that the insured has insurance - ANSWER morale hazard the potential for loss caused by the character of the individual - ANSWER moral hazard The section of a insurance contract that describes exactly which property or person is covered is the: A. declarations se...

Preferred Risk Correct Answer an insurance applicant with a below average likelihood of loss is typically considered to be Conversion Correct Answer Tim is covered under a group plan and would like to change is group coverage to an individual policy with the name insurer because of employment termination. Which of these describes the change that will take place? Dies instantly from a car accident Correct Answer Matt is applying for life insurance and requests a double indemnity rider. A do...