Wisconsin Health Insurance Exam 22-03
2026/2027 – Complete Questions &
Answers
physical hazard - correct answer-indivual charector istics that increase the cance
of the cause of loss
past medical history
moral hazards - correct answer-not being trust worthy
reputation
morale - correct answer-state of mind that causes indifference to loss
perils - correct answer-cause of loss
risk retention - correct answer-accepting that some risks simply arise in the
course of one's life and consciously retaining that risk
reduction - correct answer-prepairing for loss
,smoke alarms
going to doctor
elements of insurable risk - correct answer-due to chance
definite and measurable
statistacly predicable
not catastrophic
randomly selected
adverce selection - correct answer-risks that are more prone to loss than average
risks
stock companies - correct answer-are owned by the stock holders who provide
the capital necessary to establish and operate the insurace compoany
mutual companies - correct answer-owned by the policy owners
non taxable dividents
fraternal benefit society - correct answer-is an orginization formed to provide
insurace to a specific group group
Lloyd's Association - correct answer-group of people who share the same risk for
underwritters
, risk retention group - correct answer-to help spread the liability of its insurace
comaopny owned by its own memebrs
domestic insurer - correct answer-works out of the state it is licened to work in
foreign - correct answer-insurace company that is incorperated in another state
alien - correct answer-insurace company outside of the united states
reinsuracne - correct answer-when a insurace company puts insurace on a
diffrent insace company and takes part of all of there liabilites
an agent represent - correct answer-the insurer
express - correct answer-authority that is written in the contract
implied - correct answer-not expressed or written into the contract but is
assumed to have in order to trasact busness
apparent - correct answer-authority based on the actions words or deeds of the
agent
fiduciary responsibillity - correct answer-to promtly forward premiums to the
company
elements of a leagal contract - correct answer-agreement
2026/2027 – Complete Questions &
Answers
physical hazard - correct answer-indivual charector istics that increase the cance
of the cause of loss
past medical history
moral hazards - correct answer-not being trust worthy
reputation
morale - correct answer-state of mind that causes indifference to loss
perils - correct answer-cause of loss
risk retention - correct answer-accepting that some risks simply arise in the
course of one's life and consciously retaining that risk
reduction - correct answer-prepairing for loss
,smoke alarms
going to doctor
elements of insurable risk - correct answer-due to chance
definite and measurable
statistacly predicable
not catastrophic
randomly selected
adverce selection - correct answer-risks that are more prone to loss than average
risks
stock companies - correct answer-are owned by the stock holders who provide
the capital necessary to establish and operate the insurace compoany
mutual companies - correct answer-owned by the policy owners
non taxable dividents
fraternal benefit society - correct answer-is an orginization formed to provide
insurace to a specific group group
Lloyd's Association - correct answer-group of people who share the same risk for
underwritters
, risk retention group - correct answer-to help spread the liability of its insurace
comaopny owned by its own memebrs
domestic insurer - correct answer-works out of the state it is licened to work in
foreign - correct answer-insurace company that is incorperated in another state
alien - correct answer-insurace company outside of the united states
reinsuracne - correct answer-when a insurace company puts insurace on a
diffrent insace company and takes part of all of there liabilites
an agent represent - correct answer-the insurer
express - correct answer-authority that is written in the contract
implied - correct answer-not expressed or written into the contract but is
assumed to have in order to trasact busness
apparent - correct answer-authority based on the actions words or deeds of the
agent
fiduciary responsibillity - correct answer-to promtly forward premiums to the
company
elements of a leagal contract - correct answer-agreement
