Aflac insurance Study guides, Class notes & Summaries

*A situation that arises during the sale of insurance coverage to a customer in which the producer's self interest interferes with their obligation to act in the best interests of the customer is called:* A. conflict of interest B. dispute resolution C. teachable moment D. NONE of the ABOVE - Answer-*A. conflict of interest* *Which of the following reasons is NOT a valid reason for replacing a customer's insurance coverage?* A. rate increase B. declining health status C. need for increa...

Making a statement that is false or maliciously critical of the financial condition of an insurer is known as - Answer-defamation Which of the following statements regarding an examination of an insurer's books and records by the Commissioner is true? - An insurer has a right to delay an examination by the Commissioner for a period of not more than 15 days after notification -The insurer must not impede an examination and is required to assist in the examination procedures -Reports relat...

Insurance is defined as... - the transfer of PURE risk to the insurance company in consideration for a premium Pure risk is... - the chance of loss without any possibility for gain Speculative risk is... - the possibility for gain or loss and is not insurable Risk is defined as... - the chance for loss An exposure is... - a condition that could result in a loss A hazard is... - something that increase the chance of loss The presence of a physical hazard... - increases the chance of a loss...

Aflac Insurance Exam with 100% correct answers graded A+ passed

AFLAC Insurance UPDATED Exam Questions and CORRECT Answers Making a statement that is false or maliciously critical of the financial condition of an insurer is known as - Ans defamation Which of the following statements regarding an examination of an insurer's books and records by the Commissioner is true? - An insurer has a right to delay an examination by the Commissioner for a period of not more than 15 days after notification -The insurer must not impede an examination and is re...

Accident Indemnity Advantage(Policy Series A35000) - Key Features -Two coverage options available: 24-hour coverage or off-the-job only -Three plan levels -Benefits for many major/minor procedures and common injuries -Coverage for certain hazardous activities -Additional Accidental-Death Benefit Rider available -Optional disability benefit riders available Aflac Accident Advantage(Policy Series A36000) - Key Features -More flexibility with four options of coverage for injuries such as f...

Kelly purchases a health insurance policy issued on a conditionally renewable basis. The insurance company has a right to decline renewal of the policy for - reasons stated in the contract Which of the following describes the act of insuring a risk against possible loss? - risk transfer Which statement is NOT true regarding the ability of an insured to return a disability (accident & health) policy? - A "Right to Return" clause must be conspicuously attached to the first page of the polic...

Interim Coverage - short-term policies that can be purchased on an interim basis when in between jobs or waiting for a new policy to start how is health insurance calculated? - Interest,expense,types of benefits and morbidity, or the expected incidence of sickness or disability within given age group during the given period of time. Health insurance - broad field of insurance plans that provide protection against the financial consequences of illness, accidents, injury and disability What ...

Making a statement that is false or maliciously critical of the financial condition of an insurer is known as - Answer defamation Which of the following statements regarding an examination of an insurer's books and records by the Commissioner is true? - An insurer has a right to delay an examination by the Commissioner for a period of not more than 15 days after notification -The insurer must not impede an examination and is required to assist in the examination procedures -Reports rel...

Making a statement that is false or maliciously critical of the financial condition of an insurer is known as - ANS defamation Which of the following statements regarding an examination of an insurer's books and records by the Commissioner is true? - An insurer has a right to delay an examination by the Commissioner for a period of not more than 15 days after notification -The insurer must not impede an examination and is required to assist in the examination procedures -Reports...