Missouri Life and Health Insurance 100% Correct!!
Missouri Life and Health Insurance 100% Corr The ______ branch writes and passes state insurance laws, or statutes, to protect the insuring public. -ANSWER Legislative A life insurance applicant 's answers on the application indicate that they in good health. In fact, the applicant actually has a disease that they are not aware of. The statement on the application is considered: -ANSWER a representation what is the correct insurance term for a statement that is guaranteed to be true? -ANSWER Warranty the difference between a misrepresentation and a material misrepresentation is: -ANSWER material misrepresentations are issues that affect policy issuance what is the correct term for a contract written by one party without input from or negotiation with the other party -ANSWER contract of adhesion Dividends issued by mutual insurance companies: -ANSWER Are non-taxable refunds (returns) of unused or surplus premiums fraternal insurance companies are owned by -ANSWER members the states ____ branch enforces the existing statutes that have been put in place. -ANSWER ect!!
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