Probationary period - Study guides, Class notes & Summaries

State Farm Property Exam | Questions and Answers Graded A+ Latest 2024/2025 preferred, standard, substandard, or decline - CORRECT ANSWER The four ways risks are classified. primary insurance amount (PIA) - CORRECT ANSWER Amount equal to covered workers full Social Security retirement benefit or disability benefit. probationary period - CORRECT ANSWER A period of time between the issuance of a policy and the date coverage begins. proof of loss - CORRECT ANSWER A mandatory NAIC provis...

State Farm Property Exam | Questions and Answers Graded A+ Latest 2024/2025 preferred, standard, substandard, or decline - CORRECT ANSWER The four ways risks are classified. primary insurance amount (PIA) - CORRECT ANSWER Amount equal to covered workers full Social Security retirement benefit or disability benefit. probationary period - CORRECT ANSWER A period of time between the issuance of a policy and the date coverage begins. proof of loss - CORRECT ANSWER A mandatory NAIC provis...

PSI Life, Accident, and Health Questions and Answers Already Passed How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two years and have pr...

ExamFX Guarantee Exam | Questions and Correct Answers | latest Update 2024/2025 | 100% PASS which of the following would NOT be considered limited coverage policy? a. accident-only insurance b. travel policy c. major medical expense insurance d. special risk policy - Answer -c. major medical exoense insurance limited policies cover only expense incurred from specific diseases, or specific causes which of the following is NOT mandatory under the uniform provision law as applied to ac...

Who is employee group life insurance designed to benefit? Select one: a. Employer only b. Employee and employer c. Employee only d. Employee or employer - CORRECT ANSWER- Employee life insurance insures the lives of a group of individual employees of an employer for the benefit of persons other than the employer, under a group policy issued to the employer. The correct answer is: Employee only All of the following are true about the probationary clause on a health policy, EXCEPT: Selec...

NJ Driver's Ed Questions and Answers Rated A+ What three things must a motorist that operates a motor vehicle in the state of New Jersey carry with them? a valid driver license, a valid probationary license or a validated New Jersey permit, valid insurance, vehicle registration cards What do individuals who have never had a driver's license before must complete? MVC's Graduated Driver License Program The New Jersey (GDL) Graduated Driver License Program introduces what? driving privileges ...

Under a traditional IRA, interest is taxed: Only if withdrawn prior to age 59 1/2 According to the capital gains rate Upon distribution During the accumulation phase - ANSWER-Upon distribution Which of these statements concerning Traditional IRAs is CORRECT? Earnings are not taxable when withdrawn Earnings are taxable when withdrawn Contribution are never tax deductible Contributions are always made by the employer - ANSWER-Earnings are taxable when withdrawn Wh...

How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? 2 years What is the return of premium rider? an increasing amount of term insurance that always equals the total of premiums paid up to the current point In a home healthcare benefit, all of the following are eligible expenses EXCEPT blood transfusions All of the following are classifications of risk EXCEPT non-nicotine Which of the following is exempted from the incontestab...

which of the following would NOT be considered limited coverage policy? a. accident-only insurance b. travel policy c. major medical expense insurance d. special risk policy - c. major medical exoense insurance limited policies cover only expense incurred from specific diseases, or specific causes which of the following is NOT mandatory under the uniform provision law as applied to accident and health policies? a. physical examination and autopsy b. entire contract c. probationary peri...

Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - United States v. Southeast...