Terminating the insurance - Study guides, Class notes & Summaries

NC Life Insurance Practice Exam Questions with 100% Current Answers A college student will graduate next year. His studies have limited his ability to work, so he has borrowed funds to pay for his education. He would like to start a permanent life insurance program that would cover his debt and still be affordable during the period he is establishing his earning potential. An appropriate policy would be a). Level Term to age 65 b). Single Premium Whole Life c). Modified Whole Lif...

If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis CORRECT ANSWER A. Pro Rata Basis 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...

FInal Exam: California Life, Accident, and Health Insurance Questions and Answers 100% Pass What distinguishes a deferred annuity from an immediate annuity? - Correct Answer ️️ -The time at which benefit payments start 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? - Correct Answer ️️ -60 payments What is a common reason people purchase ...

XCEL TESTING SOLUTIONS - CALIFORNIA PRE- LICENSING EDUCATION - LIFE, ACCIDENT AND HEALTH INSURANCE When an insurance company requests an attending physician's report, the request must be accompanied by a - Copy of the signed authorization Which of the following is NOT a required uniform provision in individual health policies? - Change of occupation "Life insurance creates an immediate estate". This phrase means - When the insured dies, a death benefit is paid A person who ...

Oklahoma Statutes, Rules, and Regulations Latest 2024 Graded A+ qualifications to be an insurance provider at least 18 years old has not committed any act that is ground for denial, suspension or revocation of a license pass the required license exam pay the required license fees requirement of entity to be insurance producer has paid required fees designated a licensed producer responsible for its compliance with the insurance laws is organized in compliance with the state laws e...

Sharing risk is a key factor in which of the following methods of managing risk? Select an answer: A. Transferring risk B. Tolerating risk C. Terminating risk D. Treating risk CORRECT A. Transferring risk (e.g., by taking an insurance policy) is a way to share risk. B. Tolerating risk means that the risk is accepted, but not shared. 2 | P a g e | © copyright 2024/2025 | Grade A+ Master01 | September, 2024/2025 | Latest update C. Terminating risk would not involve sharing t...

Who owns the health record? a. Patient b. Provider who generated the information c. Insurance company who paid for the care recorded in the record d. No one - Answer B Community Hospital is terminating its business associate relationship with a medical transcription company. The transcription company has no further need for any identifiable information that it may have obtained in the course of its business with the hospital. The CFO of the hospital believes that to be HIPAA compliant,...

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis CORRECT ANSWER Pro Rata Basis 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 Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft ...

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis - Answer Pro Rata Basis 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 - Answer Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. lo...

VA Health Insurance – 8 Questions and Answers 100% Pass Which of the following is a requirement to be eligible for a group life policy in Virginia? A. Group must be formed for a purpose other than obtaining insurance B. Group must designate one of its members to be the named insured C. Group must have been formed for obtaining insurance D. Group must include at least five employers A. Group must be formed for a purpose other than obtaining insurance An accident and health...