Kentucky life - Study guides, Class notes & Summaries

Kentucky Life and Health Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (Latest 2024/ 2025 Update) Q: what is loss exposure state of being subject to a passible loss Q: what does it mean to be defineable Answer: definite as to time, cause and location Q: what does it mean to be measurable Answer: companies will state how much they will pay for a covered loss Q: is loss due to war covered Answer: no Q: can accidental b...

XCEL Kentucky Life and Health Final Exam 100% Solved S filed a written Proof of Loss for a Disability Income claim on September 1. The insurance company did not respond to the claim. S can take legal action against the insurer beginning: November 1 What is the excise tax rate the IRS imposes on individuals aged 70 1/2 or older who do not take the required minimum distributions from their qualified retirement plan? 50% The provision in a Group Health policy that allows the insurer to postpone ...

Kentucky Life Insurance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A QUESTION The owner of a single premium deferred annuity is entitled to do all of these EXCEPT Answer: Make multiple premium payments QUESTION An insurance company's voluntary refusal to enforce a contract's provision is called a(n) Answer: Waiver QUESTION What happens when an initial offer is answered with a counteroffer? Answer: Init...

2024 Life Insurance Exam for Kentucky Company Latest Questions and Answers A. All the incidents of ownership in the policy belong to the donee. - CORRECT ANSWER-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 co...

Kentucky Life Insurance Exam Questions and Answers Rated A+ Elements of a Contract Competent parties, legal purpose, offer and acceptance, consideration Waiver Voluntary giving up of a known right or privilege, can be express or implied Estoppel A person is prohibited by virtue of his own past actions from claiming a right that would work to the detriment of another who relied on the past conduct Aleatory Contract a contract where the values exchanged may not be equal but depend on an uncerta...

Kentucky Life & Health Insurance Questions and Answers 100% Pass Life insurance underwriting would consider which of these factors as unimportant? Age of the applicant Weight of the applicant Marital status of the applicant Gender of the applicant Marital status of the applicant The inducement of an insured to lapse, forfeit, or surrender an insurance policy by misrepresentation or misleading comparisons, in order to write a new policy, is known as: Rebating Twisting Commingling Churning...

Kentucky Life and Health Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (New 2024/ 2025 Update) QUESTION how many days do you have to send the claim forms for filing proof of loss Answer: 15 days QUESTION how long does the insurer have to pay claims Answer: 30 days QUESTION what happens if insurer does not pay claim within 30 days Answer: must pay 12% interest and can collect attorney fees incurred to collect claim ...

Test Bank - Foundations for Population Health in Community/Public Health Nursing, 6th Edition (Stanhope, 2022), Chapter 1-32 | All Chapters. Table of Contents Chapter 1. Community and Prevention Oriented Practice to Improve Population Health Chapter 2. The History of Public Health and Public and Community Health Nursing Chapter 3. The Changing U.S. Health and Public Health Care Systems Chapter 4. Ethics in Public and Community Health Nursing Practice Chapter 5. Cultural Influences in Nursing in ...

Kentucky Life Insurance Exam Updated Questions and Answers 2024 New Elements of a Contract - CORRECT ANSWER-Competent parties, legal purpose, offer and acceptance, consideration Waiver - CORRECT ANSWER-Voluntary giving up of a known right or privilege, can be express or implied Estoppel - CORRECT ANSWER-A person is prohibited by virtue of his own past actions from claiming a right that would work to the detriment of another who relied on the past conduct Aleatory Contract - CORRECT...

KENTUCKY LIFE AND HEALTH INSURANCE ACTUAL /NEWEST 2024 WITH WELL SORTED QUESTIONS AND ANSWERS /GRADED A+/BEST FOR THAT GOOD GRADE