Accidental death insura Study guides, Class notes & Summaries

Idaho Life Insurance Exam QUESTIONS & ANSWERS 2023 ( A+ GRADED 100% VERIFIED)

Acceleration Clause - ANSWER The part of a contract that says when a loan may be declared due and payable. Accidental Death Benefit - ANSWER In a life insurance policy, benefit in addition to the death benefit paid to the beneficiary, should death occur due to an accident. There can be certain exclusions as well as time and age limits. Active Participant - ANSWER Person whose absence from a planned event would trigger a benefit if the event needs to be canceled or postponed. Activities ...

Webce Life and Health Exam with complete and verified solutions Representations and Warranties - answerRepresentations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments - answerTwo related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. The...

CA PSI Site - Life, Accident and Health Agent Examination (Life Agent) Admitted Insurance Company vs. Non-Admitted Insurance Company ANS-An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) A non-admitted insurance company is not authorized to transact insurance in California because of failing to comply with California requirements or did not seek admission Pure Ri...

109 ExamFX Pennsylvania life and health ExamFX simulated exam. Graded A Document Content and Description Below 109 ExamFX Pennsylvania life and health ExamFX simulated exam Questions and 100% Correct Answers 1. An employee becomes insured under a PPO plan provided by his employer. If the insured decides to go to a physician who is not a PPO provider, which of the following will happen? ANS: The PPO will pay reduced benefits 2. Insurers may change which of the following on a guaranteed renewabl...

New York Accident & Health Insurance, Questions and answers, rated A. 2023 predictor Document Content and Description Below New York Accident & Health Insurance, Questions and answers, rated A. 2023 predictor Independent Adjuster - A person, firm or corporation acts on behalf of an insurer. (For profit) Insura nce Company Public Adjuster - A person, firm or corporation acts on behalf of an insured. Negotiating certain claims for loss of damage to property. Cancellable Health Insurance - Insura...

Webce Life and Health Exam Questions With Correct Answers Representations and Warranties - answerRepresentations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments - answerTwo related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. The _____...

Absolute Assignment - ANSWER The assignment by the policy owner of all control and rights to a third party. This differs from collateral assignment, which allows all the rights and control to revert to the owner once a loan is paid off Accident - ANSWER A fortuitous event; unforeseen and unintended Accidental Death Insurance - ANSWER A form of health insurance that provides payment if death of the insured results from accident. Accidental death insurance is often combined with dismembermen...