The inspection clause - Study guides, Class notes & Summaries

South Carolina Life Insurance Exam Questions and Verified Answers (2024 / 2025)/ A+ GRADE.1. If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? ANS The balance of the loan will be taken out of the death benefit 2. An insurer receives a report regarding potential insured that includes finan- cial status, hobbies, and habits. What type of report is that? ANS Inspection Report 3. The clause that protects the proceeds of a life insurance po...

If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back?The balance of the loan will be taken out of the death benefit An insurer receives a report regarding potential insured that includes financial status, hobbies, and habits. What type of report is that?Inspection Report The clause that protects the proceeds of a life insurance policy from creditors after the death of the insured is known asSpendthrift Clause Children's riders attach...

The consideration clause in an accident and health policy states the - Answer applicant pays the initial premium Which of the following reports may include information obtained by a telephone call to the proposed insured? - Answer Inspection report Health insurance policies are offered on a "take it or leave it" basis and referred to as - Answer Contracts of Adhesion The insurance policy clause that identifies the contracting parties and defines the scope and limits of covera...

CM 2215 OSHA 510 Narrowed Down Exam Questions Answers falling caught in struck by electrocuted OSHA's focus four injuries are: lives, injuries OSHA's mission is to save _____________ and prevent __________. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen inspections OSHA's primary method of enforcement of safety regulations is through ___________. injuries and illnesses OSHA was formed bec...

The balance of the loan will be taken out of the death benefit - ANSWER If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report - ANSWER An insurer receives a report regarding potential insured that includes financial status, hobbies, and habits. What type of report is that? Spendthrift Clause - ANSWER The clause that protects the proceeds of a life insurance policy from creditors after the death of the insured is known a...

Seller A entered into an option contract with Buyer B. The contract allowed for a price of $200,000 which Seller A honor for a 12 month period exclusively for Buyer B. This would be an example of a - a unilateral contract in which only seller A has made a promise to perform. The purchased price for a new home was $230,000. The buyer put down 20%, and the balance was a mortgage for 80%of the purchase price. The appraised value at the time of closing was $220,000. What will the buyer pay for one ...

Bob Hogue Real Estate Questions and Answers Already Passed What is the “fair housing act” designed to prevent in real estate transactions? Discrimination based on race, color, religion, sex, national origin, disability, or familial status. What is a “listing agreement” in real estate? A contract between a property owner and a real estate broker authorizing the broker to find a buyer for the property. What is a “mortgage contingency” in a real estate purchase contrac...

All of the following are covered by the OSH Act Except: A. All employees and their employers in the 50 states. B. Certain territories under federal government authority. C. Public employees in state and local governments. D. Territories of the outer continental shelf lands. - ANSWER-C. Public employees in state or local governments. Which of the following personal protective equipment (PPE) must an employer pay for? A. A hard hat that the employee intentionally smashed with a hammer. B....

OSHA's mission is to ______ lives and prevent injuries. - Answer Save OSHA carries out its mission through ____, _____, and _____. - Answer Enforcement, Outreach, Information Section 5 (a) (1) of the OSHA regulations is known as the _______ duty clause. - Answer General OSHA ensures the rights of workers to ______. - Answer A safe and healthful workplace All workers in the US are typically covered under OSHA except for_______. - Answer Government workers OSHA stands f...

The consideration clause in an accident and health policy states the - applicant pays the initial premium Which of the following reports may include information obtained by a telephone call to the proposed insured? - Inspection report Health insurance policies are offered on a "take it or leave it" basis and referred to as - Contracts of Adhesion The insurance policy clause that identifies the contracting parties and defines the scope and limits of coverage is called - Insuring clause ...