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Life and Health Insurance Exam Webce| questions with 100 % correct answers | verified
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Risk - Chance of loss Loss - Unplanned reduction of economic value Peril - cause of loss Hazard - a condition that increases the chance of peril Risk Transfer - buying insurance to shift the risk to insurance company Underwriting - assessing applicant to determine insurability Adverse Selection - people with greater risk of loss trying to buy insurance Mutual Companies - owned by policyholders and issue participating polices dividends which aren't guaranteed or taxable Stock Companies - Owned by stockholders whose stock can be publicly traded and pay dividends that are taxable Federal Insurance Programs - Medicare and Social Security State Insurance Programs - Medicaid and Workers' comp Producers Authority - Expressed
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Life And Health Insurance Webce
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Life and Health Insurance Webce
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- Life and Health Insurance Webce
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- Life and Health Insurance Webce
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- Uploaded on
- June 19, 2023
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- 2022/2023
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life and health insurance exam webce
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