Alabama life and health Exam with Latest Questions and Expert Answers
Alabama life and health Exam with Latest Questions and Expert Answers Which of these statements is true regarding the medical information Bureau (MIB) when a change needs to be made on the application for insurance, which is the best method for correcting the information? ANSWER complete a new application of ask the applicant to initial the correction on the original application in order to transact insurance within a given sate, an alien insurer must first obtain what? ANSWER Certificate of Authority Insurance is a contract that protects the insured from what? ANSWER Loss in insurance, when is the offer usually made on a contract? ANSWER when the application is submitted the insurer organized to return a profit to the stockholders is what type of insurer? ANSWER stock company in forming an insurance contract, when does an acceptance usually occur? ANSWER when the insurer approves a prepaid application an insurance company that is formed under the laws of another state is known as what type of insurer? ANSWER Foreign
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