Terminating the insurance - Study guides, Class notes & Summaries

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis - Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion - Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use - Loss of Use Which...

ALABAMA PROPERTY AND CASUALTY EXAM QUESTIONS AND ANSWERS 2025 A+ GRADED If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis - Answer Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of thepolicy period ? a. cancellation b. nonrenewal c. separation d. exclusion - Answer Nonrenewal Which is the best example of an indirect loss ? a. seq...

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use Loss o...

72 - Answer Within how many hours after the occurrence of death shall the funeral director present the completed certificate of death to the local registrar? 24 - Answer If cremated remains have not been claimed by the agent, the operator of a crematory may dispose of the remains after how many months? Semiannually - Answer Each licensed embalmer who has under his/her supervision a person serving as an apprentice embalmer must file a report of apprenticeship with the secretary of the Board...

H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - answer-C: relation of earning to insurance The insured should be aware of the issue date upon delivery a policy and the date should be listed on: A: the...

Health Insurance Exam | Questions and Verified Answers | Grade A (2024 / 2025 Update) Question: How long can an insurer legally defer paying the cash value of a surrendered life insurance policy? Answer: 6 months Question: What kind of life policy typically offers mortgage protection? Answer: Decreasing term Question: Which statement concerning a decreasing term life policy is accurate? Answer: Face amount decreases over the policy period Question: An insurance poli...

California Life, Accident, and Health Insurance Final Exam Questions and Answers Already Passed What distinguishes a deferred annuity from an immediate annuity? The time at which benefit payments start 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? 60 payments What is a common reason people purchase an annuity? To protect against the risk of outlivin...

If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis - Answer A. Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion - Answer B. Nonrenewal Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employee theft...

If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis A. Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion B. Nonrenewal Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employee theft D. Loss of...

1.04 Practicing within a Defined Role - Answer- provide services only after defining and documenting their professional role with relevant parties in writing. Scope of practice - Answer- Defined at the level of the profession-The range of activities in which members of a profession may be authorized to engage in by virtue of holding a credential or license-The range of activities might be defined by a credentialing body, certifying agency, or licensing laws, Allows identification of individua...