Mutual exclusion - Study guides, Class notes & Summaries

NC Life Insurance Exam Prep Questions and Answers Already Passed An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled An agent who signs a blank contract application or...

AL P&C Test Questions and Answers (Verified Solutions) Latest 2024/2025 Graded A+ - University of Alabama . What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion - correct answer B. Nonrenewal Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employee theft D. Loss of use - correct answer D. Loss of use AL P&C Test Questions and Answers (Ve...

CPEN 333 Exam Questions with 100% Correct Answers 2024 How can inconsistency problems arise? - answerIf a number of tasks (process or thread) have simultaneous access to shared data What is an independent process? - answerA process that cannot affect or be affected by the execution of another process What is a cooperating process? - answerA process that can affect or be affected by the execution of another process How can cooperating processes affect other processes? - answer1. Share a l...

A mandatory data element is information that:# - must be included in a database record. Which of the following is an accurate statement about the annual updating survey? - The survey may be conducted either annually or on a continuing basis throughout the year Taxonomy change requests should be submitted to the Taxonomy editor to: - suggest additions and changes that might be of benefit to all users. It is important to review inclusion/exclusion criteria on a regular basis to: - ensure that...

California Life, Accident, and Health State Exam Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - No payments - 30 payments - 60 payments - 120 payments - Answer ️️ -60 Payments An annuitant would like to determine the amount of an annuity distribution that is exempt from taxation. What is used to calculate this? - Mortality rate - Exclu...

What are the 4 rules in terms of investing in a small firm? - Answer-Time frame of at least 3-5 years, diversify among 20-30 different issues, avoid turnover of 30% annually, and sell if and when 40% of company's shares become owned by institutional investors. What is a characteristic of an unfunded excess benefit plan? - Answer-The plan generally need not comply with either the disclosure or reporting requirements of ERISA. Unfunded excess benefit plans need not comply with ERISA disclosur...

CPEN 333 Exam Questions with 100% Correct Answers 2024 How can inconsistency problems arise? - answerIf a number of tasks (process or thread) have simultaneous access to shared data What is an independent process? - answerA process that cannot affect or be affected by the execution of another process What is a cooperating process? - answerA process that can affect or be affected by the execution of another process How can cooperating processes affect other processes? - answer1. Share a l...

CIC Commercial Multi-Line Exam Questions and Answers Describe how inland marine insurance started - Answer ️️ -evolved from ocean marine -filled gap in coverage as good transitioned from ocean marine -cover goods in transit over land Does inland marine also apply to instruments of transportation and communication? - Answer ️️ Yes, ex. Bridges, tunnels, piers, cell towers, pipelines. What is the basic exclusion applicable to inland marine? - Answer ️️ Property in a fixed loca...

An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - ANSWER A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - ANSWER Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - ANSWER Premiums are waived if payor becomes disabled An agent who signs a blank contract application or policy of insurance - ANSWER Is guilty of a mis...

NC Life Insurance Exam Prep Questions and Answers Already Passed An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled An agent who signs a blank contract application or...