Adb insurance Study guides, Class notes & Summaries

What kind of policy pays $100 daily benefit for a hospital stay with no deductible? - correct answer -Indemnity Plan What business continuation plan would be best for a furniture company owned by five partners? - correct answer -Entity plans are best for partnerships with several partners An insured has received a claim form from the insurance company and has completed the form with proper documentation of the loss. The insureds' policy provides periodic payments for benefits. How much ti...

Texas Life Insurance Glossary Question and answers already solved 2023Absolute Assignment - correct answer A transfer by the policyholder of all control and rights to a third party. Accumulation at Interest Option - correct answer A dividend or settlement option under which the policyholder allows his dividends or policy proceeds to accumulate interest with the company. Although the dividends or proceeds are not generally taxable, the interest earned is. Actuary - correct answer O...

Absolute Assignment - ANSWER The assignment by the policy owner of all control and rights to a third party. This differs from collateral assignment, which allows all the rights and control to revert to the owner once a loan is paid off Accident - ANSWER A fortuitous event; unforeseen and unintended Accidental Death Insurance - ANSWER A form of health insurance that provides payment if death of the insured results from accident. Accidental death insurance is often combined with dismembermen...

Absolute Assignment Correct Answer A transfer by policy holder of all control and rights to a third party Accident Correct Answer a sudden event, unforeseen and unintended Accident and Sickness Correct Answer Insurance against bodily injury, disability or death by accident, or against disability or expense resulting from sickness, and the insurance relating thereto. Accidental Means Correct Answer The unexpected cause of an accidental bodliy injury. Under an Accidental Means definition,...

Life and Health Insurance - Ohio Licensing Exam 100% Pass Absolute Assignment The assignment by the policy owner of all control and rights to a third party. This differs from collateral assignment, which allows all the rights and control to revert to the owner once a loan is paid off Accident A fortuitous event; unforeseen and unintended Accidental Death Insurance A form of health insurance that provides payment if death of the insured results from accident. Accidental death insurance is often...

Absolute Assignment - ANSWER The assignment by the policy owner of all control and rights to a third party. This differs from collateral assignment, which allows all the rights and control to revert to the owner once a loan is paid off Accident - ANSWER A fortuitous event; unforeseen and unintended Accidental Death Insurance - ANSWER A form of health insurance that provides payment if death of the insured results from accident. Accidental death insurance is often combined with dismembermen...

Texas Life Insurance Glossary Question and answers already solved 2023 Absolute Assignment - correct answer A transfer by the policyholder of all control and rights to a third party. Accumulation at Interest Option - correct answer A dividend or settlement option under which the policyholder allows his dividends or policy proceeds to accumulate interest with the company. Although the dividends or proceeds are not generally taxable, the interest earned is. Actuary - correct answer...

Life insurance is designed to... help offset the financial loss a family experiences due to a premature death. Term is designed for Temporary coverage needs Brainpower Read More Permanent plans designed for life time coverage and feature cash value accumulation Death Benefit is almost alway tax-free Good Candidates for life insurance Is recently married. Has purchased new home or taken on considerable debt. Has a newborn. Is calling to start saving for child/...

Which of the following public sector bank has recently (September 2022) been removed from Prompt Corrective Action (PCA) framework? [A] Bank of India [B] Indian Bank [C] Central Bank of India [D] Indian Overseas Bank [E] Union Bank of India - Answer: Option C Central Bank was the last of the public sector lenders to come out of PCA. RBI had placed Central Bank under PCA in June 2017 Recently (September 2022), the__________ embassy in India in collaboration with Khushii Foundat...

SC LIFE, ACCIDENT AND HEALTH Exam Questions With Correct Answers A&H - CORRECT ANSWERS Accident and Health. Absolute Assignment - CORRECT ANSWERS Assignment by the policy owner of all control and rights to a third party. Accident - CORRECT ANSWERS A fortuitous event, unforeseen and unintended. Accidental Death Insurance - CORRECT ANSWERS A form of health insurance that provides payment, if death of the insured results from accident....