Life agent insur Study guides, Class notes & Summaries

WEBCE 2-20 Practice Exam With Complete Solutions Lila, a self-employed accountant, requires emergency medical treatment after choking on a product of the Dulce Candy Company while in her office. A month later, she asks Dulce to pay her medical bills. Dulce's commercial general liability policy with medical payments coverage (Coverage C) will: - answerAs premises and operations coverage, Coverage C does not provide medical payments coverage for bodily injury that occurs away from the insur...

California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct 105. Question #90543 The formula that is used to determine how much is taxable during the payout is the: AMortality ratio B7 pay test CMorbidity ratio DExclusion ratio: d Explanation: The exclusion ratio is the formula which is used by the IRS to determine how much is taxable to an annuitant during the pa...

Admitted Insurance Company vs. Non-Admitted Insurance Company - ANSWERAn admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) A non-admitted insurance company is not authorized to transact insurance in California because of failing to comply with California requirements or did not seek admission Pure Risk vs. Speculative Risk - ANSWERPure risks are insurable but Specula...

LIFE INSURANCE ONLY CALIFORNIA (2024/2025) ALREADY PASSED LIFE INSURANCE - Answer ️️ -Insurance that pays out a sum of money either on the death of the insured person or after a set period. TERM LIFE INSURANCE - Answer ️️ -Life insurance that pays a benefit in the event of the death of the insured during a specified term. *PURE *ONLY DEATH BENEFIT NO CASH VALUE WHOLE LIFE INSURANCE - Answer ️️ -Life insurance that pays a benefit on the death of the insured and also accumulat...

52 Hour California Life, Accident and Health Insurance Exam Course 100% Solved

1. The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the:: Insuring clause 2. K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that coverage begins immediately if the application is approved. What kind of receipt was used?: Conditional 3. A life insurance arrangement which circumvents insurable interest statutes is called:: Investor-Orig...

California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct 105. Question #90543 The formula that is used to determine how much is taxable during the payout is the: AMortality ratio B7 pay test CMorbidity ratio DExclusion ratio: d Explanation: The exclusion ratio is the formula which is used by the IRS to determine how much is taxable to an annuitant during the pa...

California Life Accident And Health Exam Practice With 100% Correct Answers 2023

FLORIDA LIFE AND HEALTH INSURANCE 1. Insured: The person covered by the insurance policy. 2. Rider: A written modification attached to a policy that increases or decreases coverage and/or premiums. 3. What is a unilateral contract?: A contract in which only one of the parties is legally bound to fulfill its obligations. 4. What law protects consumers from the circulation of inaccurate or obsolete information?: The Fair Credit Reporting Act. 5. What are the three types of agent authority?:...

California Life Accident And Health Exam Practice With 100% Correct Answers 2023