An insurance appli - Study guides, Class notes & Summaries

PRIMERICA LIFE INSURANCE EXAM WITH 100% VERIFIED QUESTIONS AND ANSWERS LATEST UPDATED 2024 WITH RATIONALES

Texas Life and Health Insurance Exam (question and answers) 2023/2024

The minimum grace period for a life insurance policy sold in Alabama is: - Answer- 30 days Alabama's annuity disclosure regulation: - Answer- Requires the delivery of a buyer's guide and a disclosure document to annuity applicant An insurer pays a large claim for medical expenses after the insured has only made one premium payment. This is an example of an: - Answer- Aleatory contract Which of the following is NOT guaranteed by a whole life policy? - Answer- policy dividends Any in...

Florida Claims Adjuster Exam 2023 1. Peril: Something that causes a loss. 2. Hazard: Something that increases the probability that a loss will occur. 3. Warranty: A policy condition, either based on information in the i nsureds appli- cation or inserted by the insurer. It is a guarantee of a fact. 4. Misrepresentation: An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. 5. Concealment: Th...

1. Under the Equipment Breakdown Coverage Form, which of the following describes expediting expenses? ANS Payment for repairs which accelerate the period of restoration Expediting expenses are those which hasten the period of restoration. By getting the business up to speed more quickly, these expenses are offset by the ability to generate revenue sooner. 2. Which of the following is covered by Coverage E of the Farm Property Coverage Part? ANS Scheduled farm personal property 3. How much...

Final exam questions and answers The Legal Actions provision of an insurance contract is designed to do all of the following EXCEPT - answer-protect the producer Who is liable when an insured suffers a loss on a policy sold by an agent through an insurer not authorized to conduct business in Texas? - answer-The agent and the company Which of the following statements about the classification of appli

FLORIDA CLAIMS ADJUSTER EXAM, 6-20 EXAM | QUESTIONS AND ANSWERS | GRADED A+ | 1. Peril: Something that causes a loss. 2. Hazard: Something that increases the probability that a loss will occur. 3. Warranty: A policy condition, either based on information in the i nsureds appli-cation or inserted by the insurer. It is a guarantee of a fact. 4. Misrepresentation: An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. 5. ...

Mrs. Paterson is concerned about the deductibles and co-payments associated with Original MedicareWhat can you tell her about Medigap as an option to address this concern? a. Medigap plans are not sold by private companies and are a government insurance product. b. All costs not covered by Medicare are covered by some Medigap plans. c. If Mrs. Paterson applies during the Medigap open enrollment period, she will have to undergo a medical review to determine if she has a pre-existing conditio...

TEXAS LIFE HEALTH INSURANCE EXAM QUESTIONS AND CORRECT ANSWERS LATEST GENERATED 2024 1. At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Re- porting Act? 2. Who elects the governing body of a mutual insurance company? 3. An insurance applicant MUST be in- formed of an investigation regard- ing his/her reputation and character according to the 4. What type of reinsurance contract involves two companies automati- cally sharing their risk...

TEXAS LIFE HEALTH INSURANCE EXAM QUESTIONS AND CORRECT VERIFIED ANSWERS 2024 NEW EDIT 1. At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Re- porting Act? 2. Who elects the governing body of a mutual insurance company? 3. An insurance applicant MUST be in- formed of an investigation regard- ing his/her reputation and character according to the 4. What type of reinsurance contract involves two companies automati- cally sharing their ri...