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Wisconsin Accident and Health Insurance Exam 2025
update|comprehensive questions and verified
answers (complete solutions) GRADE A+!!
Dividends from a stock company are normally sent to:
Beneficiaries
Shareholders
Policy holders
Insureds - (ANSWER)Shareholders
Which of the following financial products creates an instant estate, no matter
when the date of death?
Mutual funds
Life insurance
Certificate of deposit
Deferred annuity - (ANSWER)Life insurance
Which of the following outlines the authority given to the producer on behalf of
the insurer?
Rebating arrangement
Commingling contract
Controlled business clause
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Producer contract - (ANSWER)Producer contract
Dividends from a mutual insurance company are paid to whom?
Policyholders
Beneficiaries
Preferred stockholders
Stockholders - (ANSWER)Policyholders
A stock insurance company is owned by its
Officers
Board directors
Policyowners
Shareholders - (ANSWER)Policyowners
A reciprocal insurer typically has an administrator who manages the premiums
collected from the group's members. This administrator is called a(n)
Reciprocal commissioner
Attorney general
Attorney-in-fact
Reciprocal - (ANSWER)Attorney-in-fact
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which reinsurance contract between two insurers involves an automatic sharing
of the risks assumed?
Arbitrage reinsurance
Facultative reinsurance
Excess reinsurance
Treaty reinsurance - (ANSWER)Treaty reinsurance
A group-owned insurance company that is formed to assume and spread the
liability risks of its members is known as a
Risk retention group
Treaty insurer
Risk assumption group
Captive insurer - (ANSWER)Risk retention group
Which group is the Do not Registry designed to protect against?
Telemarketers
Charities
Political organizations
Relatives - (ANSWER)Telemarketers
who regulates an insurer's claim settlement practices?
National Association of Claim Adjusters
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State attorney general
National Association of insurance Commissioners
State insurance departments - (ANSWER)State insurance departments
Which of the following is Not an example of risk retention?
Becoming aware of a risk and taking no action
Self-insuring a given risk
Deciding a business deal is risky but going through with it anyways
Not doing a business deal after deciding it would be too risky - (ANSWER)Not
doing a business deal after deciding it would be too risky
Which of the following describes the act of insuring a risk against possible loss?
Risk avoidance
Risk transfer
Hazard reduction
Loss management - (ANSWER)Risk transfer
ABC Company is attempting to minimize the severity of potential losses within its
company. The company is engaged in risk
Transference
Retention
Reduction
Wisconsin Accident and Health Insurance Exam 2025
update|comprehensive questions and verified
answers (complete solutions) GRADE A+!!
Dividends from a stock company are normally sent to:
Beneficiaries
Shareholders
Policy holders
Insureds - (ANSWER)Shareholders
Which of the following financial products creates an instant estate, no matter
when the date of death?
Mutual funds
Life insurance
Certificate of deposit
Deferred annuity - (ANSWER)Life insurance
Which of the following outlines the authority given to the producer on behalf of
the insurer?
Rebating arrangement
Commingling contract
Controlled business clause
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Producer contract - (ANSWER)Producer contract
Dividends from a mutual insurance company are paid to whom?
Policyholders
Beneficiaries
Preferred stockholders
Stockholders - (ANSWER)Policyholders
A stock insurance company is owned by its
Officers
Board directors
Policyowners
Shareholders - (ANSWER)Policyowners
A reciprocal insurer typically has an administrator who manages the premiums
collected from the group's members. This administrator is called a(n)
Reciprocal commissioner
Attorney general
Attorney-in-fact
Reciprocal - (ANSWER)Attorney-in-fact
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which reinsurance contract between two insurers involves an automatic sharing
of the risks assumed?
Arbitrage reinsurance
Facultative reinsurance
Excess reinsurance
Treaty reinsurance - (ANSWER)Treaty reinsurance
A group-owned insurance company that is formed to assume and spread the
liability risks of its members is known as a
Risk retention group
Treaty insurer
Risk assumption group
Captive insurer - (ANSWER)Risk retention group
Which group is the Do not Registry designed to protect against?
Telemarketers
Charities
Political organizations
Relatives - (ANSWER)Telemarketers
who regulates an insurer's claim settlement practices?
National Association of Claim Adjusters
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State attorney general
National Association of insurance Commissioners
State insurance departments - (ANSWER)State insurance departments
Which of the following is Not an example of risk retention?
Becoming aware of a risk and taking no action
Self-insuring a given risk
Deciding a business deal is risky but going through with it anyways
Not doing a business deal after deciding it would be too risky - (ANSWER)Not
doing a business deal after deciding it would be too risky
Which of the following describes the act of insuring a risk against possible loss?
Risk avoidance
Risk transfer
Hazard reduction
Loss management - (ANSWER)Risk transfer
ABC Company is attempting to minimize the severity of potential losses within its
company. The company is engaged in risk
Transference
Retention
Reduction
