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MI Life Producer Exam Prep | 134 Questions and Answers 100% Verified

CPCU 557 EXAM 2024 WITH 100% CORRECT ANSWERS Which one of the following statements is correct with respect to the Causes of Loss-Basic Form? Select one: A. The Water exclusion contains an exception for damage due to the backing up of sewers, drains, or sumps. B. It excludes loss caused by power failure only if the damage causing such failure occurs on the described premises. C. It excludes loss caused by earth movement, other than by sinkhole collapse. D. The War and Military Action excl...

1. Proteins necessary for body's mainte- nance, growth, and repair (GS) 2. Carbohydrates and Fats used primarily for energy (GS) 3. 212 Water boils at degrees fahrenheit (GS) 4. 100 Water boils at degrees Cel- sius (GS) 5. 373 Water boils at Ks on the Kelvin scale (GS) 6. Veins carry blood from capillaries toward the heart. (GS) 7. Arteries carry blood away from the heart. (GS) 8. Ventricles lower chamber of the heart (GS) 9. Red Blood Cells component of blood which car- ri...

OHIO LIFE INSURANCE FINAL EXAM 2024 WITH 100% CORRECT ANSWERS Which of the following is usually the owner of the annuity? - correct answer The annuitant Which of the following is not true of the straight life income option for annuities? - correct answer A beneficiary will receive any balance of the annuity upon the annuitant's death. When an insurance policy is taken out, if the owner of the policy is someone other than the actual insured, the owner must be able to prove: - correct ...

Severability CORRECT ANSWER Insurance applies separately to each insured as if other insureds did not exist. Abandonment CORRECT ANSWER Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest CORRECT ANSWER One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization CORRECT ANSWER States that if the insurer adopts a revision...

What is insurance? - correct answer Insurance is a contract in which one party (the insurance company) agrees to indemnify (make whole) the insured party against loss, damage or liability arising from an unknown event. It transfers the risk of loss from an individual or business to an insurance company. Insurance transaction - correct answer Solicitation, Negotiations, Sale, Advising an individual concerning coverage or claims. Two kinds of risk - correct answer Pure risk (situation ...

Adjuster Pro - Insurance adjuster test latest 2024 already passed What is insurance? - Answer ️️ -protection against financial loss what is a premium - Answer ️️ -a scheduled amount to be paid for an insurance policy. What are premiums used for - Answer ️️ -premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - Answer ️️ - the insurer collects premiums from all ...

New York Auto Appraisers Practice Test with 100% Verified Correct Answers Total losses are reported to : - Correct Answer NICB What does LKQ stand for? - Correct Answer Parts of Like Kind and Quality What is meant by the term non-OEM - Correct Answer Parts that were not made by the original manufacturer. If parties are in disagreement regarding a claim, how it is settled? - Correct Answer With an umpire and/or through the courts. What is an appraiser prohibited from performing? - Co...

California Life, Accident, and Health State Exam Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - No payments - 30 payments - 60 payments - 120 payments - Answer ️️ -60 Payments An annuitant would like to determine the amount of an annuity distribution that is exempt from taxation. What is used to calculate this? - Mortality rate - Exclu...

NC Life and Health Insurance Study Questions With Complete Solutions 100% Verified Which of the following is NOT a characteristic of universal life insurance? A Flexible death benefit B Cash account C Fixed premium D Unbundled premium ANS-C Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it again. They may even skip a premium payment. The rest of the features apply to universal life policies. Which of the follo...