Oklahoma insurance exam - Study guides, Class notes & Summaries

Life Insurance Correct Answer Transfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance Correct Answer transfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured person. Risk Correct Answer Chance of loss: only pure risk is insurable. Loss Correct Answer Unplanned reduction in economic value. hazard Correct Answer a condition that increases the chance of a peril/setback/da...

Oklahoma Insurance Exam Questions and Answers 100% CorrectOklahoma Insurance Exam Questions and Answers 100% CorrectOklahoma Insurance Exam Questions and Answers 100% CorrectOklahoma Insurance Exam Questions and Answers 100% Correct Life Insurance - ANSWER-Transfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance - ANSWER-transfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured ...

All of the following are included as part of a contract in the entire contract provision EXCEPT the riders application changes made by the producer policy - ANSWERSchanges made by the producer Health insurance involves two perils, accident and ____. - ANSWERSsickness All of the following riders can increase the death benefit amount EXCEPT Cost of Living Waiver of Premium Accidental Death Rider Guaranteed Insurability - ANSWERSWaiver of Premium Of the following dividend optio...

Oklahoma Insurance Exam Questions With Solutions Life Insurance Transfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance transfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured person. Risk Chance of loss: only pure risk is insurable. Loss Unplanned reduction in economic value.

What type of insurer operates for proft and has no capital stock? - correct answer mutual Which is true regarding an insurer examination order by the Oklahoma insurance department - correct answer It must be ordered every five years and the insurance pays for the exam All of the following is true regarding an Oklahoma life and health guarantee association except - correct answer Life policies are covered up to the amount of the death benefit plus the cash value A mutual ensure - ...

Oklahoma Insurance Adjuster's License Exam Questions and Answers 100% CorrectOklahoma Insurance Adjuster's License Exam Questions and Answers 100% CorrectOklahoma Insurance Adjuster's License Exam Questions and Answers 100% CorrectOklahoma Insurance Adjuster's License Exam Questions and Answers 100% Correct Which of the following statements about WC is correct? - ANSWER-WC is an exclusive remedy. According to the Jones Act, if a seaman is negligent in a claim against the employer, which ...

Life Insurance - ANSWERSTransfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance - ANSWERStransfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured person. Risk - ANSWERSChance of loss: only pure risk is insurable. Loss - ANSWERSUnplanned reduction in economic value. hazard - ANSWERSa condition that increases the chance of a peril/setback/danger. Risk Transfer - ANSWE...

Life Insurance - ANSWERSTransfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance - ANSWERStransfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured person. Risk - ANSWERSChance of loss: only pure risk is insurable. Loss - ANSWERSUnplanned reduction in economic value. hazard - ANSWERSa condition that increases the chance of a peril/setback/danger. Risk Transfer - ANSWE...

Oklahoma Insurance Exam Questions and Answers