An insur - Study guides, Class notes & Summaries
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FLORIDA INSURANCE 2-14 EXAM TERMS QUESTIONS AND ANSWERS (100% SCORES)
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FLORIDA INSURANCE 2-14 EXAM 
TERMS QUESTIONS AND ANSWERS 
(100% SCORES) 
Insurance - CORRECT ANSWER-Financial protection against loss or harm - An 
arrangement by which company gives customers financial protection against loss or 
harm such as theft or illness in return for premium payments. 
Life Insurance - CORRECT ANSWER-Is based on actuarial or mathematical principles 
and guarantees a specified sum of money upon the death of the person who is insured. 
Annuities - CORRECT ANSWER-Provid...
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AINS 101 Question with Verified 100 % correct answers.
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AINS 101 Question with Verified 100 % correct answers. The two main sectors of the insurance industry are:Answer: Propertycasualty insur- ance and life-health insurance. 
2. Because insurance contracts impose an obligation for ethical practices and 
behaviors on the parties while dealing with one another, an insurance contract is 
called a:Answer: Contract of utmost good faith. 
3. Earned premiums are shown on an insurer's income statement because 
they are:Answer: Revenues 
4. Destructive compe...
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Michigan Insurance Exams PACKAGE DEAL | BUNDLE contains the latest life, health, accident, credit producer insurance solutions, knowledge check and updated study guide - Everything you need to pass is here!
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Michigan Insurance Exams PACKAGE DEAL | BUNDLE contains the latest life, health, accident, credit producer insurance solutions, knowledge check and updated study guide - Everything you need to pass is here!
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Idaho Bail Bondsman Insurance License Exam Questions and Answers
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Idaho Bail Bondsman Insurance License Exam Questions and Answers...
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New York State Property And Casualty Licensing Exam Questions And Answers
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New York State Property And Casualty Licensing Exam Questions And Answers 
 
New York State Property And Casualty Licensing Exam Questions And Answers
Make study stress less painful
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Florida 2-20 General Lines Agent Big Set | Questions And Answers 10% Correct Answers | 2024 Updated Study Quiz
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Florida 2-20 General Lines Agent Big Set | Questions And Answers 10% Correct Answers | 2024 Updated Study Quiz 
 
Florida 2-20 General Lines Agent Big Set | Questions And Answers 10% Correct Answers | 2024 Updated Study Quiz
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Final Exam: California Life, Accident, and Health Insurance 2023 with complete solution
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Final Exam: California Life, Accident, and Health Insurance 2023 with complete solution 
1.	What is considered the most common type of specified disease insurance policy?: Cancer 
2.	Minimum participation standards exist for a group health insurance plans in order to: Prevent Adverse Selection 
3.	How does underwriting differ between group life and individual life insur- ance?: Medical questions must be answered on individual life insurance 
4.	when handling premiums for an insured an agent is a...
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Michigan Insurance Test | 170 Questions with Verified Answers | Latest 2024/2025
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All of the following are functions of an insuring clause EXCEPT 
a. States the conditions under which the policy will pay 
b. Outlines the kind of benefits provided 
c. Primarily describes the free-look period 
d. Provides the policy's scope and limits of coverage ️ c. Primarily 
describes the free-look period 
The policyholder for a group health benefit plan is considered to be the 
a. Employee 
b. Employer 
c. Liaison 
d. Insurer ️ b. Employer 
Matt is applying for life insurance and requ...
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CEBS - GBA Practice Exam 1 Questions and Answers
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CEBS - GBA Practice Exam 1 Questions and Answers 
 
1. Which of the following statements correctly describes 
minimum require- ments that group benefit plans typically 
must meet in order to be prospec- tively rated on contract 
renewal?: The more unpredictable the event that will trigger a 
claim, the larger the minimum group size and premium 
requirements 
 
2. Which of the following statements correctly describes the 
term graduation as it applies to mortality tables?: It is a 
mathematica...
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MICHIGAN INSURANCE EXAM QUESTIONS AND ANSWERS 2024
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MICHIGAN INSURANCE EXAM QUESTIONS AND ANSWERS
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