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Life and Health Insurance Exam Webce QUESTIONS & ANSWERS 2023 ( A+ GRADED 100% VERIFIED)

All of the following describe insurable interest EXCEPT: • It must exist at the time of the loss • It must exist for insurance to respond • Shows a similarity between insurance and wagering • The insured would suffer an economic loss - CORRECT ANS • Shows a similarity between insurance and wagering An Insurance Policy is a contract with all the following characteristics, EXCEPT: • It is a personal contract • parties are of unequal power with ambiguities or unclear working ...

1 / 34 FLORIDA CLAIMS ADJUSTER EXAM QUESTIONS AND ANSWERS 2023 EXAM GRADED A (Over 200 questions and answers 100% verified) 1. Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy.The insurance company will make a payment to: A. The first mortgagee, ABC B.The Insured C. Jointly to ABC and XYZ D. All listed interests: Ans- D. All listed interests Remember that the insurer is not responsible to know...

All of the following describe insurable interest EXCEPT: • It must exist at the time of the loss • It must exist for insurance to respond • Shows a similarity between insurance and wagering • The insured would suffer an economic loss - CORRECT ANS • Shows a similarity between insurance and wagering An Insurance Policy is a contract with all the following characteristics, EXCEPT: • It is a personal contract • parties are of unequal power with ambiguities or unclear working ...

CRIMINAL LAW (Bar Exam) 2023 Already Passed A+ When does a state have jurisdiction to prosecute a crime? -ANS- state may prosecute crime if significant portion of prohibited CONDUCT or RESULT occurred in that state Merger -ANS- -one crime is subsumed into another → can be CHARGED, but cannot be CONVICTED of both -Lesser-included offenses DO merge into greater-included offenses (e.g. crime w/ elements AB merges into crime w/ elements ABC) -Conspiracy does NOT merge into the target offen...

USAA API EXAM Q&A Correctly Solved Rated A+ Describe what happened in the case of Paul vs. Virginia. Include proximate dates and court decisions. -ANS- This was the first case to regulate insurance. Paul challenged the right of the state to regulate insurance by refusing to obtain a license from the state. When he continued to sell insurance w/o a license, he was arrested and fined $50. The case went all the way to Supreme Court and was finally decided in 1869, that insurance wasn't intersta...