Nc health insurance exam Study guides, Class notes & Summaries

NC Health Insurance Exam Pearson Vue

NC Life Insurance Practice Exam Questions With 100% Correct Answers 2024 All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing North Carolina insurance laws. d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforcing the law is. answerc) Writing North...

NC Health Insurance Exam Pearson Vue Latest Graded A+ Pure Risk chance of loss or no loss but not gain insurable Speculative Risk there is possibility of loss but of gain no insurablility exposure unit subject to loss peril cause of loss life insurance death Health insurance accident and sickness hazard increases the likelihood or severity of loss Three types of hazard physical, moral, morale physical hazard arise from the inherent characteristi...

risk avoidance - occurs when individuals evade risk entirely risk reduction - occurs when chances of risk are lessened risk retention - is being aware of the risks involved and taking precautions for financial protection. risk transference - is the act of shifting the responsibility of risk to another in the form of an insurance contract. physical - A bodily disease of endangerment, such as cancer, presents a _____ hazard. morale - A mental trait, such as road rage, presents a ___...

NC Health Insurance Exam Pearson Vue With Complete Solutions

NC Life insurance state exam study guideline With Latest Term Insurance - answerUsed for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance - answerExpire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. Level Term Insurance - answerTerm insurance can be Renewed annually. Has a level Face Amount at renewal, Premiums goes up. Can be purchased for a Ye...

Definitions - Broker - ANSWER Means a person who, being a licensed agent, procures insurance for a party other than himself through a duly authorized agent or an insurer that is licensed to do business in this State bur for which the broker is not authorized to act as an agent. Definitions - Limited Representative - ANSWER Means a person is authorized by the Commissioner (Wayne Goodwin) to solicit or negotiate contracts for particular kinds of insurance (Motor Club, Dental, Travel) and which ...

NC Health Insurance Exam Pearson Vue Questions With 100% Correct Answers Pure Risk - answerchance of loss or no loss but not gain insurable Speculative Risk - answerthere is possibility of loss but of gain no insurablility exposure unit - answersubject to loss peril - answercause of loss life insurance - answerdeath Health insurance - answeraccident and sickness hazard - answerincreases the likelihood or severity of loss Three types of hazard - answerphysical, moral, morale physical ha...

NC Health Insurance Exam Pearson Vue Latest Graded A+ Pure Risk chance of loss or no loss but not gain insurable Speculative Risk there is possibility of loss but of gain no insurablility exposure unit subject to loss peril cause of loss life insurance death Health insurance accident and sickness hazard increases the likelihood or severity of loss Three types of hazard physical, moral, morale physical hazard arise from the inherent characteristi...