Wisconsin accident - Study guides, Class notes & Summaries

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Wisconsin Accident & Health Insurance Exam. 177 Questions and Correct Answers, With Complete Solution. 2024/5. 100% Correct. Commercial Insurers (Private Insurance Companies) - in the business of selling insurance for a profit - offer many lines of insurance aka multi-line (some sell primarily life insurance and annuities while other sell accident and health insurance, or property and casualty insurance) - function on the reimbursement approach

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Practice Exam for Wisconsin Accident and Health Insurance Actual Questions and Answers 2024 H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - CORRECT ANSWER-C: relation of earning to insurance The...

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Insurance - Wisconsin Accident and Health Insurance 2024 Updated Exam Accident - CORRECT ANSWER-An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - CORRECT ANSWER-A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - CORRECT ANSWER-Unplanned, unforeseen traumatic injury to the body. Accidental Death and Dismemberment - CORRECT ANSWER-An insurance policy which pays a s...

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Dividends from a stock company are normally sent to: Beneficiaries Shareholders Policy holders Insureds Shareholders Which of the following financial products creates an instant estate, no matter when the date of death? Mutual funds Life insurance Certificate of deposit Deferred annuity Life insurance Which of the following outlines the authority given to the producer on behalf of the insurer? Rebating arrangement Commingling contract Controlled business clause Producer contrac...