Webce Accepted Protection & Growth
Insurance Test 2026/2027
Updated
1. Purchasing existence or medical insurance is an example of that risk administration method?
risk preventing risk reduction risk memory
risk transfer: risk transfer
2. What is the analytical idea of possibility that helps insurers estimate the statistical possibility of death or melancholy
misfortunes at any likely age?
regulation of big numbers underwriting law law of expectation
actuarial standard: standard of abundant numbers
3. A person the one refuses to catch is dangerous ventures like rock climbing for fear of harm or afterlife is professed that
risk management method?
risk preventing risk decline risk memory
risk sharing: risk preventing
4. That of the following is an insurable risk?
the likelihood of operating at a loss in stock expenditures the likelihood of operating at a loss betting in Las Vegas
the possibility of flattering incapacitated and not able to acquire an income
the feasibility of individual's home profit abating due to a visit display prices-
: the feasibility of appropriate disabled and powerless to win an proceeds
5. All the following charges regarding reinsurance are correct EXCEPT:
Reinsurance is a risk-giving process secondhand by protection guests.
Claims are paid to the policyowner individually by each insurer engaging in the reinsurance arrangement.
The insurer acknowledging few of the risk being transferred from another insurer is famous as the reinsuring guest.
The insurer pursuing to transfer few of its risk to another insurer is popular as the ceding guest.: Claims command a price
of to the policyowner individually by each insurer participating in the reinsurance concurrence.
6. All of the following are traits of a stock protection party EX- CEPT:
They are ruled by a board of managers. They can issue profits.
They have minimum financial capital necessities that must be join before they can conduct trade.
They are possessed by policyowners.: They are owned by policyowners.
7. All of the following declarations concerning the course instrumentality distribution order are correct EXCEPT:
The administrative form of course instrumentality system uses party staff members as the instrumentality managers.
Skilled are two types, the general instrumentality method and the administrative plan. It uses agents the one generally in
another way particularly represent individual insurer.
Individual bearing inexact agents (PPGAs) are usually contracted to accomplish course agencies.: Individual bearing
common powers (PPGAs) are commonly contracted to control course instrumentalities.
8. The federal Risk Memory Act of 1986 holds directions for that of the following entities?
, reinsurance guests
surplus lines protection parties Brotherly insurance guests
risk memory groups: risk memory groups
Insurance Test 2026/2027
Updated
1. Purchasing existence or medical insurance is an example of that risk administration method?
risk preventing risk reduction risk memory
risk transfer: risk transfer
2. What is the analytical idea of possibility that helps insurers estimate the statistical possibility of death or melancholy
misfortunes at any likely age?
regulation of big numbers underwriting law law of expectation
actuarial standard: standard of abundant numbers
3. A person the one refuses to catch is dangerous ventures like rock climbing for fear of harm or afterlife is professed that
risk management method?
risk preventing risk decline risk memory
risk sharing: risk preventing
4. That of the following is an insurable risk?
the likelihood of operating at a loss in stock expenditures the likelihood of operating at a loss betting in Las Vegas
the possibility of flattering incapacitated and not able to acquire an income
the feasibility of individual's home profit abating due to a visit display prices-
: the feasibility of appropriate disabled and powerless to win an proceeds
5. All the following charges regarding reinsurance are correct EXCEPT:
Reinsurance is a risk-giving process secondhand by protection guests.
Claims are paid to the policyowner individually by each insurer engaging in the reinsurance arrangement.
The insurer acknowledging few of the risk being transferred from another insurer is famous as the reinsuring guest.
The insurer pursuing to transfer few of its risk to another insurer is popular as the ceding guest.: Claims command a price
of to the policyowner individually by each insurer participating in the reinsurance concurrence.
6. All of the following are traits of a stock protection party EX- CEPT:
They are ruled by a board of managers. They can issue profits.
They have minimum financial capital necessities that must be join before they can conduct trade.
They are possessed by policyowners.: They are owned by policyowners.
7. All of the following declarations concerning the course instrumentality distribution order are correct EXCEPT:
The administrative form of course instrumentality system uses party staff members as the instrumentality managers.
Skilled are two types, the general instrumentality method and the administrative plan. It uses agents the one generally in
another way particularly represent individual insurer.
Individual bearing inexact agents (PPGAs) are usually contracted to accomplish course agencies.: Individual bearing
common powers (PPGAs) are commonly contracted to control course instrumentalities.
8. The federal Risk Memory Act of 1986 holds directions for that of the following entities?
, reinsurance guests
surplus lines protection parties Brotherly insurance guests
risk memory groups: risk memory groups
