Health insurance fx - Study guides, Class notes & Summaries

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Exam FX Life and Health - General Insurance / Completing Application, Underwriting and Delivering the Policy 100% Solved What two elements are necessary to a life insurance contract to have a legal purpose? 1. Insurable Interest 2. Consent Insurance is a contract that protects the insured from what? Loss What Type of Risk is Insurable? Pure What is the term for the causes of loss insured against in a insurance policy? Peril What Law Protects Consumers from the circulation...

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Health Insurance (Exam FX) Questions and Answers 100% pass Agent/Producer - Answer- A legal representative of an insurance company Broker - Answer- An insurance producer not appointed by an insurer and whom represents the client Insured - Answer- A person covered by an insurance policy Insurance policy - Answer- A legal contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured/beneficiary for losses caused by specific events Principal - Ans...

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Health Insurance (Exam FX 2024 WITH COMPLETE SOLUTION) Agent/Producer - Answer ️️ -A legal representative of an insurance company Broker - Answer ️️ -An insurance producer not appointed by an insurer and whom represents the client Insured - Answer ️️ -A person covered by an insurance policy Insurance policy - Answer ️️ -A legal contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured/beneficiary for losses caused by specific ...