Business overhead policy Study guides, Class notes & Summaries

Arkansas Health Insurance Study Questions with 100% Correct Answers At what point must a life insurance applicant be informed of their right that fall under the Fair Credit Reporting Act? - Correct Answer ️️ -upon completion of the application Who elects the governing body of a mutual insurance company? - Correct Answer ️️ - policyholders An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - Correct Answer ️️ ...

Mississippi Life and Health Insurance Questions & Answers (Graded A)Mississippi Life and Health Insurance Questions & Answers (Graded A)Mississippi Life and Health Insurance Questions & Answers (Graded A)Mississippi Life and Health Insurance Questions & Answers (Graded A)Mississippi Life and Health Insurance Questions & Answers (Graded A) A business overhead expense policy : - ANSWER covers business expenses such as rent and utilities A provision in a life insurance policy that pays the po...

GA Life/Health Ins Exam Questions with 100% Correct A claiment wants to bring a recovery action against an insurance company for a loss claimed under a policy. The action must be brought a) Within 2 years. b) Within 3 years. c) Immediately. d) Only within 60 days. - Correct Answer ️️ -b) Within 3 years. Some states require a provision limiting the time parameters in which a claimant may seek recovery from an insurer under a policy. Georgia requires legal action to be brought forth ...

Virginia Life and Health Exam Review. Questions with accurate answers. 2022/2023. Document Content and Description Below Virginia Life and Health Exam Review. Questions with accurate answers. 2022/2023. What contract term means only one party to a contract's promises are legally enforceable? - Unilateral Mr. Jones, the insured, committed suicide after the expiration of the suicide clause in his life insurance policy. The insurer is obligated to: - Pay the death benefit. The benefit that encou...

Making a statement that is false or maliciously critical of the financial condition of an insurer is known as ️ defamation Which type of business insurance is meant to cover the costs of continuing to do business while the owner is disabled? ️ Business overhead expense policy Dorian exercised a nonforfeiture option by using his life policy's cash value to purchase an extended term insurance option. When the term insurance expires, ️ the protection ends To receive proceeds from a d...

Health Insurance Florida 2-40 Practice Exam Questions #2 Already Graded A Which of the following is NOT a form of medical insurance? -Business overhead expense -Surgical expense -Hospital expense -Long term care Business overhead expense (Explanation:Business Overhead Expense insurance is designed to reimburse a business for overhead expenses in the event a business owner becomes disabled. Expenses such as rent, utilities, telephone, equipment, employees' salaries, etc.) All of the followi...

Who does an insurance broker in North Carolina Represent - Insured Which of the following does Social Security NOT provide benefits for - dismemberment K completes an application for disability policy but does not pay the initial premium. The company approves the policy standard and the agent delivers the policy. K then pays her initial premium 3 days later. At what point does k's policy take effect. - Date the initial premium is collected What is the primary factor that determines the benef...

HEALTH INSURANCE FLORIDA 2-40 PRACTICE EXAM QUESTIONS 2 | 299 QUESTIONS & ANSWERS 100% CORRECT Which of the following is NOT a form of medical insurance? -Business overhead expense -Surgical expense -Hospital expense -Long term care Business overhead expense (Explanation:Business Overhead Expense insurance is designed to reimburse a business for overhead expenses in the event a business owner becomes disabled. Expenses such as rent, utilities, telephone, equipment, employees' salaries, etc...

An employer pays the accident and health insurance premiums for its employees. The premiums paid by the employer are Deductible to the business. Taxable to the employee. Tax-deferred to the business. Reimbursed as a tax credit. - Deductible to the business. Medical expense insurance typically EXCLUDES coverage for: Prosthetic devices such as artificial limbs Cosmetic surgery Injuries resulting from auto accidents Treatment for terminal illnesses - Cosmetic surgery A group health insur...

At what point must a life insurance applicant be informed of their right that fall under the Fair Credit Reporting Act? - CORRECT ANSWER-upon completion of the application Who elects the governing body of a mutual insurance company? - CORRECT ANSWER-policyholders An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - CORRECT ANSWER-Fair Credit Reporting Act What type of reinsurance contract involves two companies autom...