Mutual exclusion Study guides, Revision notes & Summaries

Life Insurance Exam Prep Questions and Answers (2023 / 2024) (Verified Answers) An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled An agent who signs a blank contract...

Alabama Property and Casualty Exam Questions and Answers Graded A+ If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion Nonrenewal Which is the best example of an indirect loss ? a. sequential lo...

AL P&C Test Questions and Answers (Verified Solutions) Latest 2024/2025 Graded A+ - University of Alabama . What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion - correct answer B. Nonrenewal Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employee theft D. Loss of use - correct answer D. Loss of use AL P&C Test Questions and Answers (Ve...

Describe how inland marine insurance started - Answer- -evolved from ocean marine -filled gap in coverage as good transitioned from ocean marine -cover goods in transit over land Does inland marine also apply to instruments of transportation and communication? - Answer- Yes, ex. Bridges, tunnels, piers, cell towers, pipelines. What is the basic exclusion applicable to inland marine? - Answer- Property in a fixed location is not eligible for marine insurance Lost 4 types of floaters - ...

NC Life Insurance Exam Prep Questions with Complete Solutions 2024/2025 An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - Correct Answer A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - Correct Answer Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - Correct Answer Premiums are waived if payor becomes disabled ...

An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - ANSWER A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - ANSWER Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - ANSWER Premiums are waived if payor becomes disabled An agent who signs a blank contract application or policy of insurance - ANSWER Is guilty of a mis...

NC Life Insurance Exam Prep Questions and Answers Already Passed An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled An agent who signs a blank contract application or...

NC Life Insurance Exam Prep Questions and Answers Already Passed An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled An agent who signs a blank contract application or...

Define Ecology correct answer: -Science dealing with the mutual relationships among biological organisms. What are the components of an ecosystem? correct answer: -Food chains -Nutrient Cycles -Plant Succession -Competitive Exclusion -Diversity What are agroecosystems, and how do they differ from ecosystems? correct answer: -Ecosystems modified to produce food, fiber and shelter -Examination of natural ecosystems to determine more sustainable approaches Describe the differences...

If a customer enters a sell stop order at 50 and the market trades that follow are 52,51,50,49, and 48, the order will most likely be executed at correct answer: 49 To find future value, all of the following info is needed except the correct answer: Rate of inflation Certificates of deposit sold by banks have all of following features Except correct answer: Marketability If interest rates in the economy go up, the yields on outstanding debt will do which of the following? correct ans...