Study guides, Class notes & Summaries

Property and Casualty Insurance - Final Exam Questions and Answers 2023 An unlicensed employee of an insurance agency may perform all of the following EXCEPT: A) Accept a claim form B) Type correspondence for a direct mail campaign C) Deposit properly endorsed checks into the agency's bank account •• D) Advise an insured of coverage issues A producer must notify the insurance division of an address change within: A) 10 days B) 20 days C) 25 days •• D) 30 days A Tem...

FLOOD INSURANCE QUESTIONS AND ANSWERS 2023 WHAT ARE THE TWO TYPES OF FLOOD INSURANCE? NFIP PROVIDES AN EMERGENCY PROGRAM AND REGULAR PROGRAM HOW WAS THE NFIP CREATED? BY THE PASSAGE OF THE NATIONAL FLOOD INSURANCE ACT OF 1968 CAN YOU OBTAIN FLOOD INSURANCE THROUGH PRIVATE INSURERS? YES UNDER THE "WRITE YOUR OWN" PROGRAM AND THEY ARE 100% REIMBURSED BY THE GOVERNMENT WHAT IS REQUIRED BY COMMUNITIES TO OBTAIN NAT'L FLOOD INSURANCE? THEY MUST BE WILLING TO ADOPT FLOOD CONT...

Representations and Warranties - Answer- Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments - Answer- Two related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. The ________ department analyzes data to help estimate future losse...

which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph takes a second mortgage on his house and uses the proceeds to gamble -wanting better job security, Ron cashes in his life insurance to start his own business - Answer- knowing that his family is depending on him, Frank wants to insure his own lif...

Chapter 6 - California 8 Hour Annuity Training Supplement (Selling to the Senior Market)

WebCe, Property & Casualty, Terminology-Fill in the Blank In the context of liability insurance, __________________ refers to a doctrine by which a plaintiff must prove that the defendant's actions set in motion a relatively short chain of events that could have reasonably been anticipated to lead to the plaintiff's damages.

Webce life health Florida Exam Questions with 100% answers 1.With respect to penalties and fines for noncompliance with the coverage requirements of the Patient Protection and Affordable Care Act, all the following statements are correct EXCEPT

Iowa Casualty Practice Exam questions (WEBCE) Questions with complete Solutions 1.How much advance notice must insurance company give its policyholder if it does not intend to renew a personal auto policy

1. Webce Insurance test questions and answers with complete Solution How is increasing term life insurance normally sold? as an endorsement as a permanent insurance policy as a stand-alone term life insurance policy as a rider attached to a permanent life insurance policy 2.Once annuitized income payments begin, which of the following statements is correct?

Annuity Suitability Certification Training Final Exam complete practice exam 2023

Jeannie tells Manuel, who is adjusting her claim, that she will take him out on a date, "show him a good time," and buy him breakfast if he overlooks an obscure but applicable exclusion in her policy and pays her claim. Manuel finds Jeannie attractive. What type of dilemma does Manuel face?

TEST 1 WEBCE QUESTIONS AND 100% CORRECT | VERIFIED ANSWERS John's child must have his teeth straightened. His group dental policy covers 60 percent of orthodontic care, 100 percent of endodontic care, and 75 percent of periodontal care. What percentage of costs will the insurer pay for the child's care? 50 percent 60 percent 75 percent 100 percent