Probationary period - Study guides, Class notes & Summaries

LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed Under which situation must insurable interest exist between the applicant and insured at the time of application? When a third-party applicant names themselves beneficiary. Which of the following is true about a decreasing term life policy? The face amount reaches zero at policy expiration. Which of the following occurs immediately after the application is submitted and the initial premium paid?...

Which clause allows the insured to change an existing policy to any other policy of any type as long as the new policy has a higher premium, without any proof of insurability? - correct answer Privilege of change clause The extended term nonforfeiture option provides: - correct answer Paid-up term coverage equal to that of the original policy With a collateral assignment of a life policy to a creditor: - correct answer You assign a partial amount of the policy values to the creditor An ...

Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - United States v. Southeast...

MHA 702 Exam 6 Questions and Answers Graded A+ terminations of employment are..inevitable involuntary terminationend of employment upon the decision of management; includes discharges for cause, such as violations of policies or work rules, dismissal for reasons of substandard performance layoffstraumatic occurences that sever personnel from their employment and adversely affect the morale and motivation of survivors dischargeusually occurs after employees break the organizations wor...

PSI life, accident, and health questions and answers 100% pass How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two years and have premiums refunded ...

MHA 702 Exam 4 Questions and Answers 2024 what are positive forms of termination? -Answer-retirements and resignations what are negative forms of termination? -Answer-firings and layoffs _____ involves the end of employment at the request of management. -Answer- Involuntary termination What are the types of terminations? -Answer-dismissals or discharges _____ occur either when individuals fail to meet the standards of their job or as part of a layoff -Answer-Dismissals _____ occur when e...

MHA 702 Exam 6 (Chapters 16-18) Questions and Answers 100% Solved terminations of employment are.. inevitable involuntary termination end of employment upon the decision of management; includes discharges for cause, such as violations of policies or work rules, dismissal for reasons of substandard performance layoffs traumatic occurences that sever personnel from their employment and adversely affect the morale and motivation of survivors discharge usually occurs after employees bre...

Idaho Life Producer Exam Questions and Answers (Graded A)Idaho Life Producer Exam Questions and Answers (Graded A)Idaho Life Producer Exam Questions and Answers (Graded A)Idaho Life Producer Exam Questions and Answers (Graded A) What does life insurance protect against? - ANSWER-Dying too soon. What happens to the death benefit with a Variable Universal Life Policy? - ANSWER-It may increase/decrease within limits. Who sells insurance to a client and owes a fiduciary duty to an insurance c...

Rules of Construction Help to identify and establish the intent of the parties to the contract Utmost good faith Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract A contract under which one party's performance is contingent on an uncertain event. property and casualty agent has the power to bind the insurer...

How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? - Answer- 2 years What is the return of premium rider? - Answer- an increasing amount of term insurance that always equals the total of premiums paid up to the current point In a home healthcare benefit, all of the following are eligible expenses EXCEPT - Answer- blood transfusions All of the following are classifications of risk EXCEPT - Answer- non-nicotine Which of the...