Fx insurance Study guides, Class notes & Summaries

Exam FX, VA Property & Casualty Insurance Exam | 303 Questions and Answers | 100% verified

Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A An insurer decides to renew a policy but at a higher premium rate, starting on the renewal date. How many days in advance must the insured be notified? a) 30 b) 60 c) 90 d) 100 - -b How is the Commissioner of Insurance placed in office? a)By NAIC nomination b)Through a bid process c)An election at the same time that other state officials are selected d)An appointment by the Governor - -d An ins...

The causes of loss insured against in an insurance policy are known as - Perils Before an insurer will pay any loss under a policy, what is usually required from the insured? - Proof of loss An insured works outside the home. The insured's sister lives with him and cares for his four children. When the insured's home is severely damaged by fire, the family moves into an apartment while repairs are being made. The largest apartment available in the area has two bedrooms, so the insured's...

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Exam FX Insurance Practice Exam Questions and Answers (Graded A) Exam FX Insurance Practice Exam Questions and Answers (Graded A) Exam FX Insurance Practice Exam Questions and Answers (Graded A)The causes of loss insured against in an insurance policy are known as - ANSWER-Perils Before an insurer will pay any loss under a policy, what is usually required from the insured? - ANSWER-Proof of loss An insured works outside the home. The insured's sister lives with him and cares for...

An IRA uses immediate annuity to pay out benefits; the IRA Owner is nearly 75 years old when he decides to collect distributions. What kind of penalty with the IRA owner pay? correct answer: 50% tax on the amount not distributed as required. (When immediate annuity's are used to pay IRA benefits, Distributions must begin no later than age 70 1/2 in order for the annuitant to avoid penalties.) Most Long-term care (LTC) plans have which of the following features correct answer: Guaranteed r...

Exam FX Insurance Practice Exam Questions

Exam FX Insurance (Life & Health - Michigan) Glossary | 318 Questions and Answers

The causes of loss insured against in an insurance policy are known as CORRECT ANSWER Perils Before an insurer will pay any loss under a policy, what is usually required from the insured? CORRECT ANSWER Proof of loss An insured works outside the home. The insured's sister lives with him and cares for his four children. When the insured's home is severely damaged by fire, the family moves into an apartment while repairs are being made. The largest apartment available in the area has two b...