Underwriting - Samenvattingen en Aantekeningen

Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the - Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a - Contract of adhesion Which one of the following best explains why producers should be...

Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store has contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the rear of the store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 9am, and again from 3pm to 6pm. The store has had six slip and fall claims from customers in the past year. Danforth Grocery Store is most exposed to which one of the following types of liability loss? ...

Champions School Of Real Estate Finance 2024 Tested And Verified Seller's market - CORRECT ANSWER-When supply is low and demand is high Buyer's market - CORRECT ANSWER-When supply is high and demand is low The process of creating a new mortgage loan - CORRECT ANSWER-Origination The detailed process of evaluating a borrower's loan application to determine the risk involved for the lender - CORRECT ANSWER-Underwriting When there is an excess of money supply in the market - CORRECT ANSW...

CPCU Ethics Test Questions & Answers 2024/2025 Ethical behavior is based on - ANSWERSreasoned consideration of all issues surrounding a conflict Morality is - ANSWERSuniversal and basic to human relationships Maintaining high ethical standards is best associated with - ANSWERSknowledge of law and regulations The Sarbanes-Oxley federal law requires that publicly traded companies identify principal ethics officers, create anonymous hotlines for reporting unethical behavior, and - ANS...

CII IF3 - Insurance Underwriting Process correctly answered to pass

1. All of the following classes of drugs are used to control angina except: 1. Calcium channel blockers 2. Nitrates 3. Beta Blockers 4. Statins - 1 1. An example of a "rescue" inhaler or short-acting inhaler is : 1. Steroid inhaler 2. Nasal spray 3. Albuterol 4. Nebulizer - 3 1. Cholesterol is present in blood in a number of physiologically different lipid particles 1. HDL 2. ADL 3. LDL 4. VLDL - 2 1. Procedures used to identify coronary artery disease include all of the followi...

AU 60 Chapter 4 Underwriting the Commercial Organization Exam Questions and Answers 100% Pass sole proprietorship - a form of business in which one person owns the business assets and is personally liable for the business's debts unlimited liability - the liability that exists in sole proprietorships and certain partnerships; if the business becomes bankrupt, creditors can seize business and personal assets to satisfy claims partnership - -a for profit business entity jointly owned by...

AINS 101 Exam Questions and Answers 2024 Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the - ANS ️️ Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a - ANS ️️ Contract of adhesion ...

Under which situation must insurable interest exist between the applicant and insured at the time of application? - When a third-party applicant names themselves beneficiary. Which of the following is true about a decreasing term life policy? - The face amount reaches zero at policy expiration. Which of the following occurs immediately after the application is submitted and the initial premium paid? - The underwriting process begins For an individual long-term care policy there is an annua...