Examfx questions and ans - Study guides, Class notes & Summaries

Louisiana Property & Casualty Exam - PSI & ExamFX Questions and Answers 100% CorrectLouisiana Property & Casualty Exam - PSI & ExamFX Questions and Answers 100% CorrectLouisiana Property & Casualty Exam - PSI & ExamFX Questions and Answers 100% Correct If a producer allows his license to lapse, within what time period may the producer reinstate the same license? - ANSWER-b) 2 years Producers who allow their license to lapse may reinstate them same license within 2 years, upon proof of fulfil...

In order for an insurer to legally transact insurance it must obtain which of the following? A. Power of Authority B. Director's Decree C. Authorization of Power D. Certificate of Authority Ans: D In forming an Insurance Contract, when does acceptance usually occur? A. When an insurer receives an application B. When an insured submits an application C. When an insurer's underwriter approves coverage D. When an insurer delivers the policy Ans: C GRADE A+ Which of the following is a...

Idaho Personal Lines Simulation &Guarantee ExamFX Questions and Answers 100% Correct Idaho Personal Lines Simulation &Guarantee ExamFX Questions and Answers 100% Correct Idaho Personal Lines Simulation &Guarantee ExamFX Questions and Answers 100% Correct An insured condominium unit owner wants to purchase fire and extended coverage for personal property and liability coverage for himself and his family members. He should purchase - ANSWER-HO-6 Which of the following best describes th...

ExamFX Questions and answers latest update 2024

A return of premium life policy is written as what type of term coverage? - Answer- Increasing What are the two types of Flexible Spending Accounts? - Answer- Health Care and Dependent Care Taxation of LTC insurance... - Answer- excessive benefits may be taxable Nonforfeiture values guarantee... - Answer- that the cash value will not be lost Which method of dealing with risk is applied when insurance is purchased? a. transfer b. sharing c. avoidance tion - Answer- a. transfer ...

LifeandHealthInsuranceExamFXQuestions and Answers. In coinsurance, the larger the percentage that is paid by the insured... - Correct Answer the lower the required premium will be. What entity can legally bind coverage? - Correct Answer Insurer The provision which states that both the policy and a copy of the application form the contract between the policyowner and the insurer is called the - Correct Answer Entire contract In an individual LTC insurance plan, the insured is able to dedu...

Nevada Life & Health Insurance ExamFX Questions and Answers 100% CorrectNevada Life & Health Insurance ExamFX Questions and Answers 100% CorrectNevada Life & Health Insurance ExamFX Questions and Answers 100% CorrectNevada Life & Health Insurance ExamFX Questions and Answers 100% Correct term insurance - ANSWER-temporary protection because it only provides coverage for a specific period of time face amount - ANSWER-death benefit 3 basic types of term coverage - ANSWER-level, increasing,...

Property & Casualty – ExamFX Questions and Answers 100% Correct Property & Casualty – ExamFX Questions and Answers 100% Correct Property & Casualty – ExamFX Questions and Answers 100% Correct Property & Casualty – ExamFX Questions and Answers 100% Correct If an auto policy has split limits of 30/50/25, what is the maximum amount the policy will pay for injuries to one person in a single accident? - ANSWER-$30,000 - Split limits expressed as 30/50/25 would provide $30,000 covera...

Practice Exam Questions- ExamFx Questions and answers latest update 2024

Final Exam Questions Property and Casualty - NJ STATE EXAM WITH STUDY GUIDE EXAMFX questions and answers already graded A+ 2024/2025