Kentucky - Study guides, Class notes & Summaries

Kentucky Life Exam and Health Insurance Test Exam 2024 Q&A Risk - CORRECT ANSWER-The uncertainty or chance of a loss occurring Pure Risk - CORRECT ANSWER-Refers to situations that can only result in a loss or no change. There is no opportunity for financial gain. It is the only type of risk that insurance companies are willing to accept. Speculative Risk - CORRECT ANSWER-Involves the opportunity for either loss or gain (Gambling). This type of risk is not insurable. Perils - CORRECT...

Kentucky Property/Casualty State Exam Dwelling- Coverage A (Dwelling) - Correct answer Covers Dwelling Structures attached to the dwelling Materials and Supplies used for the repair of dwelling. Dwelling- Coverage B (Other Structures) - Correct answer Insures buildings on premises separated from dwelling by a clear space. Dwelling- Coverage C (Personal Property) - Correct answer Covers insured's personal property that is at the described location and is usual to the dwelling occupancy....

Boiler - Answer- Closed vessel in which water or other liquid is heated Power Boiler - Answer- Steam or vapor is generated <15psig High Pressure / Temperature Water Boiler - Answer- Pressures exceed 160 psig or Temp above 250 F Heating Boiler - Answer- Steam or vapor boiler operating under 15 psig not to exceed 250 F Portable Boiler - Answer- Temporary Location Usage: Construction Pressure Vessel - Answer- Vessel in which pressure is obtained from external sources ASME - Ans...

Kentucky Portion — Real Estate Exam Actual Questions and Answers 2023 with complete solution

condominium Severalty ownership of air rights combined with an undivided interest in the common areas of real estate would MOST LIKELY describe a on probation A licensee could be active in the real estate business if his/her license is Agent Kenzie has terminated her relationship with her broker. The broker has returned her license to the BREP. Agent Kenzie has thirty days to place her license in escrow or find another broker Disciplinary actions that can be taken by the ...

A. All the incidents of ownership in the policy belong to the donee. - In an outright gift of life insurance to a charity A. All the incidents of ownership in the policy belong to the donee. B. The donor retains the right to name a new beneficiary. C. The cash values in the policy belong to the donor. D. The premiums paid by the donor are not tax deductible. C. Making a formal request to the company for an insurance policy. - When signing the application form, the proposed insured is

The premiums paid by an employer for his employee's group life insurance are usually considered to be - Tax-deductible to the employer Which of these is NOT considered to be a cost connected with an individual's death? - Business expenses These are all accurate statements regarding universal life insurance EXCEPT - Policy loans are not permitted Which of these is NOT relevant when determining the amount of personal life insurance needed? - Local unemployment rate Who elects the governi...

The most effective method of artificial resuscitation is? - Mouth to mouth Where does bright red spurting blood come from? - Arteries Dark red, steady flowing bleeding come from? - Vein What is the treatment for strain? - Elevation and cold pack Capillary bleeding ___ from skin. - Oozes What is the third fundamental of first aid? What is the treatment? - Check for shock. If face is pale raise tail (feet), if face is red raise head. Symptoms of shock are what? - Shallow breath, fast & weak...