An insuran Study guides, Class notes & Summaries

purposes of the Life and Health Insurance Guaranty Association is CORRECT ANSWER- to assist in the prevention of insurer insolvencies An insurance company that is incorporated in New Hampshire and does business in Florida is defined in Florida as CORRECT ANSWER- Foreign insurer A foreign insurance company is one that is incorporated CORRECT ANSWER- under the laws of another state In order for a domestic, foreign, or alien insurance company to conduct business, it must be authorized by who...

PRIMERICA LIFE INSURANCE EXAM WITH 100% VERIFIED QUESTIONS AND ANSWERS LATEST UPDATED 2024 WITH RATIONALES

c. Primarily describes the free-look period Correct Answer All of the following are functions of an insuring clause EXCEPT a. States the conditions under which the policy will pay b. Outlines the kind of benefits provided c. Primarily describes the free-look period d. Provides the policy's scope and limits of coverage b. Employer Correct Answer The policyholder for a group health benefit plan is considered to be the a. Employee b. Employer c. Liaison d. Insurer c. dies instantly f...

CPCU 500 (American Institutes Insurance CPCU 500) Questions & Ans.

Michigan Insurance Test with correct solutions. c. Primarily describes the free-look period - correct answers.All of the following are functions of an insuring clause EXCEPT a. States the conditions under which the policy will pay b. Outlines the kind of benefits provided c. Primarily describes the free-look period d. Provides the policy's scope and limits of coverage b. Employer - correct answers.The policyholder for a group health benefit plan is considered to be the a. E...

IDAHO BAIL BONDSMAN INSURANCE LICENSE EXAM QUESTIONS WITH 100% CORRECT ANSWERS

Idaho Bail Bondsman Insurance License Exam | 107 Questions and Answers | Updated | Graded A+

A domestic insurance company: - is incorporated in the state within which it is located. It is considered foreign in all other states. A captive insurance company exists primarily to: - underwrite the risks of the parent owner. What agreement is for laying the legal framework of the insurance business? - Insurance agent partnership agreement True or False: An 'arrest' must be accompanied by physical restraint or handcuffs - False What process or procedure involves the determination of a ...

Life, Accident and Health Insurance Ohio Questions and Answers (2024 / 2025) (Verified Answers) Which is a FALSE statement? a. Agents act in a fiduciary capacity when handling premiums. b. Misrepresentation on an application can void coverage, if material. c. Mutual life insurers cannot guarantee their future dividend scale. d. You can protect future dividends on a non-participating policy. - CORRECT ANSWER D. Only participating policies might pay dividends to policy owners. Stock ...

REAL Texas Adjuster Study Guide2023- 2024/ 367 QUESTIONS AND ANSWERS 1. perils: a cause of property losses under an insurance con- tract ex: windstorm, hurricane, explosion, collapse of build- ing, vandalism, accidental discharge, and theft