Conditional contract Study guides, Class notes & Summaries
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West Virginia Laws and Rules Pertinent to Insurance Exam Study Questions and Answers Graded A 2024-2025
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The West Virginia Insurance Commissioner attains office in which of the following ways? - Gubernatorial appointment (Governor of WV) 
 
An offer of life insurance by an insurance company in West Virginia to individuals who are personally invited to apply on the basis of the offer is known as what type of solicitation? - Direct response 
 
When a producer is soliciting a client to effect a contract of insurance, the producer is engaged in - transacting insurance 
 
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Pearson Vue Life + Health Insurance Practice Exam Questions And Correct Answers
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Pearson Vue Life + Health Insurance Practice Exam Questions And Correct Answers 
 
P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: 
a: irrevocable beneficiary 
b: revocable beneficiary 
c: secondary beneficiary 
B 
A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: 
A. indemnity contract 
B. invest...
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Car Dealer License Test Questions and Answers Updated 2024/2025 (Graded A+)
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Car Dealer License Test Questions and Answers Updated 2024/2025 (Graded A+) Which of the following is a correct statement of the law with regard to smog checks: 
A dealer must have a smog check for every vehicle offered for sale to the 
public 
Your occupational license will be automatically canceled without a hearing if: 
Your sellers permit is revoked 
You have a bond reduction 
You take your make sign down and relinquish your office 
When is a Federal Buyers Guide Required to be display? When...
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PRIMERICA LIFE INSURANCE EXAM WITH 100% CORRECT ANSWERS 2024/ 2025
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PRIMERICA LIFE INSURANCE EXAM 
WITH 100% CORRECT ANSWERS 2025 
An insured purchased an insurance policy 5 years ago. Last year, she received a 
dividend check from the insurance company that was not taxable. This year, she did not 
receive a check from the insurer. From what type of insurer did the insured purchase 
the policy? 
a. mutual 
b. reciprocal 
c. nonprofit service organization 
d. stock - Correct answer-A. mutual 
funds not paid out after paying claims and other operating costs are re...
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Adjuster Pro - Insurance adjuster test latest 2023 already passed
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Adjuster Pro - Insurance adjuster test latest 2023 already passed What is insurance? protection against financial loss 
what is a premium a scheduled amount to be paid for an insurance policy. 
What are premiums used for 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? the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. 
what is Ind...
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KENTUCKY ADJUSTER EXAM PREP EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS LATEST UPDATES
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KENTUCKY ADJUSTER EXAM PREP EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS LATEST UPDATES 
Insurance 
Transfers risk of financial losses from one party to another 
Insured 
Individual or organization that pays premiums in exchange for protection 
Insurer 
Company, group, or government agency offering financial protection 
Insurance policy 
A legally binding contract in which the insurer agrees to take on specified risks in exchange for the insured's premium. 
Principle of indemnity 
Restoration ...
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ARKANSAS HEALTH INSURANCE EXAM QUESTIONS AND ANSWERS 100% PASS
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Florida Health 240 Insurance with 100% correct answers
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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...
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RKANSAS LIFE INSURANCE EXAM QUESTIONS AND ANSWERS
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ARKANSAS LIFE INSURANCE EXAM QUESTIONS AND ANSWERS 
 
J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - ANS Twisting 
 
What is implied authority defined as? - ANS Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties 
 
A person who is a nonsmoker, average weight, excellent health would fall into what risk classification? - ANS ...
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Primerica Life Insurance Exam: Questions & Answers: Latest Updated A+ Guide Solution
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An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? 
 
a. mutual 
b. reciprocal 
c. nonprofit service organization 
d. stock 
 (Ans- A. mutual 
 
funds not paid out after paying claims and other operating costs are returned to the policy owners in the form of a dividend. if all funds are...
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