Insurance Law

ACM stands for - CORRECT CORRECT-Asbestos Containing Material The operating agency for each public school building in which fraible asbestos containing materials have been identified shall monitor airborne asbestos levels in each sampling area. For at least how many hours during a period of normal activity must this monitoring be done? - CORRECT CORRECT-it must be done for 8 hours What portion of insurance coverage for medical exams and monitoring as required by law must the contractor...

Life & Health Insurance Exam Questions and Answers 100% Pass Insurance - Correct Answer ️️ -transfer of risk Speculative risk - Correct Answer ️️ -has a possibility of both loss and gain Pure risk - Correct Answer ️️ -only has a possibility of loss (no gain) Exposure - Correct Answer ️️ -risks for which an insurance company would be liable expressed in units Peril - Correct Answer ️️ -cause of a loss Hazard - Correct Answer ️️ -an increase in the chance of loss M...

Arizona Life Insurance Exam - Insurance Regulations Questions and Answers 100% Pass Cease and Desist - Correct Answer ️️ -To stop or discontinue Coercion - Correct Answer ️️ -Forceful act or threat aimed to influence a person to act against his or her will Commission - Correct Answer ️️ -Payment to the agent by the insurance company for placing insurance, usually a percentage of the policy premium Director - Correct Answer ️️ -The head of the state Department of Insurance ...

FINAL EXAM - ARIZONA LIFE AND HEALTH QUESTIONS AND ANSWERS 100% PASS Which of these is true regarding the exchange of consideration among parties involved in an insurance contract? - Correct Answer ️️ -Can be unequal The premiums paid by an employer for his employee's group life insurance are usually considered to be? - Correct Answer ️️ -Tax-deductible to the employer Kevin has an existing life insurance policy and assigns it to another insurer for a new contract. How would this...

Arizona life and health insurance exam Questions and Answers 100% Pass When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to do? - Correct Answer ️️ -Give notice, explain, and allow opting out Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after - Correct Answer ️️ -9:00 PM A health plan offered by private insurance companies is - Correct Answer ️️ -Medicare Supplement Chris has a single major med...

Chapter Exam: Arizona Laws and Rules Questions and Answers 100% Pass All of the following is information that is reasonably appropriate to determine the suitability of an annuity recommendation EXCEPT - Correct Answer ️️ -Level of education Which plan offers coverage for nursing home (custodial) care without requiring any previous period of hospitalization? - Correct Answer ️️ -AHCCCS (Arizona Health Care Cost Containment System) Under Arizona workers' compensation laws, which o...

Arkansas RE License Law Enforcement Exam Questions and Answers 100% Pass f a licensee has their license revoked or suspended, it does not cause the principal broker to suffer the same punishment as the licensee if the principal broker - Correct Answer ️️ -did not participate or have knowledge of the licensee's acts. Each active status licensee is assessed an additional fee if the balance in the recovery fund drops below - Correct Answer ️️ -$250,000. If the Commission pays an agg...

tb-02 Question and answers rated A+ 1) Which of the following is a basic characteristic of insurance? A) pooling of losses B) avoidance of risk C) payment of intentional losses D) certainty about specific losses that will occur - Answer: A 2) Which of the following is implied by the pooling of losses? A) sharing of losses by an entire group B) inability to predict losses with any degree of accuracy C) substitution of actual loss for average loss D) increase of objective risk - An...

In Iowa, who administers real estate license law? Iowa Real Estate Commission The members of the Iowa Real Estate Commission are appointed by the Governor, subject to senate approval The real estate commission has the authority to Make and enforce the rules by which all real estate licensees must abide The Iowa Real Estate Commission may undertake an investigation of a licensee based on all of the following grounds EXPECT A phone complaint from the public Which statement about the Io...

WGU C427 Questions and Answers Already Passed accountability The result of holding an individual responsible for delivering a set of goals, objectives, and/or tactics. business process re-engineering Analyzes and redesigns the workflow between and within business enterprises (emphasized by Michael Hammer and James Champy1). business system planning (BSP) Used by health service organizations to facilitate viewing the organization differently and determining the organization information nee...