Webce insurance exam Study guides, Class notes & Summaries

WEBCE Insurance Exam Questions and Answers 100% Verified WEBCE Insurance Exam Questions and Answers 100% Verified WEBCE Insurance Exam Questions and Answers 100% Verified WEBCE Insurance Exam Questions and Answers 100% Verified 1. Which of the following exempted insurance companies from federal antitrust legislation? - ANSWER-the McCarran-Ferguson Act 2. Which of the following has primary responsibility for regulating the insurance industry? a. the states - ANSWER- ...

webce insurance exam1. Which of the following exempted insurance companies from federal antitrust legislation? - correct answer the McCarran-Ferguson Act 2. Which of the following has primary responsibility for regulating the insurance industry? a. the states - correct answer Which statement about the NAIC is correct? - correct answer The NAIC prepares model laws, regulations, and guidelines for adoption by the states. 4. The NAIC issued a model law on long-term care insurance. Which...

Which condition must exist for a risk to be considered insurable? The potential loss must be catastrophic. The potential loss must be due to a force of nature. The potential loss must happen within six months of the policy's effective date. The loss must be ascertainable. - Answer- the loss must be ascertainable

WebCE Quizzes: General Insurance & Life Insurance Exam With 100% Correct Answers 2023 Buying life or health insurance is an example of which risk management technique? risk avoidance risk reduction risk retention risk transfer - Correct Answer-risk transfer What is the mathematical concept of probability that helps insurers estimate the statistical likelihood of mortality or morbidity losses at any given age? law of large numbers underwriting principle law of probability actuarial p...

All of the following are eligible to purchase a group life insurance policy EXCEPT: the Wonderful Widget Company, which employs more than 200 people the State Electrical Workers Union the Retailers Multiple Employer Trust, formed by two retailers to purchase insurance for their employees Stan and his neighbors, who form their own group to buy group coverage at a lower cost than their individual coverages - Answer- Stan and his neighbors are not eligible to purchase group life insurance bec...

1. Which of the following exempted insurance companies from federal antitrust legislation? correct answersthe McCarran-Ferguson Act 2. Which of the following has primary responsibility for regulating the insurance industry? a. the states correct answers Which statement about the NAIC is correct? correct answersThe NAIC prepares model laws, regulations, and guidelines for adoption by the states. 4. The NAIC issued a model law on long-term care insurance. Which statement about the model...

WEBCE Insurance Exam Questions with 100% Correct Answers 1. Which of the following exempted insurance companies from federal antitrust legislation? the McCarran-Ferguson Act 2. Which of the following has primary responsibility for regulating the insurance industry? a. the states Which statement about the NAIC is correct? The NAIC prepares model laws, regulations, and guidelines for adoption by the states. 4. The NAIC issued a model law on long-term care insurance. Which statem...

WEBCE Insurance Exam Questions with 100% Correct Answers 1. Which of the following exempted insurance companies from federal antitrust legislation? the McCarran-Ferguson Act 2. Which of the following has primary responsibility for regulating the insurance industry? a. the states Which statement about the NAIC is correct? The NAIC prepares model laws, regulations, and guidelines for adoption by the states. 4. The NAIC issued a model law on long-term care insurance. Which statem...