A producer represents Study guides, Class notes & Summaries
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![AINS 101 | 112 Question with 100 % correct answers | Verified](/docpics/3146708/64c3e3092156c_3146708_121_171.jpeg)
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AINS 101 | 112 Question with 100 % correct answers | Verified
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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 a...
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AINS 101 Exam Questions and Answers 2024
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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 
Wh...
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AINS 101 Exam Questions with Verified Answers |Latest 2024/2025.
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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 sho...
![SC Property, Casualty, Surety, Marine Exam Questions & Answers 100% Answered!!](/docpics/4670815/65e71d44a6934_4670815_121_171.jpeg)
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SC Property, Casualty, Surety, Marine Exam Questions & Answers 100% Answered!!
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Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J 
 
Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E 
 
Actual Cash Value (ACV) - ANSWERSA valuation method used by insurers to reflect an item's current market value right before being damaged ...
![PSI - NY Life, Accident and Health Practice Exam 17-55, Questions and Answers 2024 Graded](/docpics/4074965/6585b343ab159_4074965_121_171.jpeg)
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PSI - NY Life, Accident and Health Practice Exam 17-55, Questions and Answers 2024 Graded
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Which policy provision permits the policy owner to take a specified number of days to examine the contract, and allows for cancellation and a full refund if the policy owner rejects the terms or costs? - Free Look 
 
When will a policy pay on a UCR basis? - When particular benefits are not listed on a payment schedule 
 
Which type of rider reimburses health and social service expenses incurred in a convalescent or nursing home facility? - long term care rider 
 
Which of the following is exempt...
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ECN 211 final asu questions with correct answers
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The opportunity cost of an item is.... Correct Answer-what you give up to get that item 
 
Total output in an economy increases when each person specializes because Correct Answer-each person spends more time producing that product in which they have a comparative advantage in. 
 
The producer that requires a smaller quantity of inputs to produce a certain amount of a good, relative to the quantities of inputs required by other producers to produce the same amount of that good, Correct Answer-ha...
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AINS 101 Qs&As 2023
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AINS 101 Qs&As 2023 
Actual cash value (ACV) - ANS-The cost to replace property with new property of like kind and quality 
less depreciation. 
Adverse selection - ANS-Insuring individuals with a high probability of loss at a cost lower than the 
insurer would normally charge for that risk because it wasn't aware of the actual risk involved. 
Binder - ANS-A temporary written or oral agreement to provide insurance coverage until a formal 
written policy is issued. 
Book of business - ANS-A gr...
![LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed](/docpics/4341286/65b3fa419764d_4341286_121_171.jpeg)
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LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed
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LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed 
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?...
![C723 Quantitative Analysis for Business- Final WGU Questions With Complete Solutions.](/docpics/3529582/6517a4c8a0115_3529582_121_171.jpeg)
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C723 Quantitative Analysis for Business- Final WGU Questions With Complete Solutions.
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Hypothesis - is an assumption about a population parameter such as a mean or a proportion 
null hypothesis (H0) - -represents the status quo 
-states a belief that the population parameter is ≤, =, or ≥ a specific value 
-believed to be true unless there is overwhelming evidence to the contrary 
alternative hypothesis (H1) - -represents the opposite of the null hypothesis 
-believed to be true if the null hypothesis is found to be false 
-always states that the population parameter is >, ...
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Revenue Management Final Exam | Latest 2023 with complete solution
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Revenue Management Final Exam | Latest 2023 with complete solution 
 
What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues 
Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs 
What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs 
What is the name for the net value achieved by both parties in a business transaction? - Profit 
What elem...
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