Classrep2

Adverse Selection - ANSWER Insuring of risks that are more prone to losses than the average risk. Death Benefit - ANSWER The amount paid upon the death of the insured in a life insurance policy. Insurance Policy - ANSWER A contract between a policyowner/insured and an insurance company which agrees to pay the insured or the beneficiary for loss caused by specific events. Insured - ANSWER Person covered by the insurance policy; may or may not be the policyowner Insurer (Principle) - A...

Ordinary Life - ANSWER Individual life insurance that includes many types of temporary and permanent insurance protection plans written as individuals Term Life - ANSWER Provides low cost insurance protection for a specified period (or term) and pays a benefit only if the insured dies during that period Term Life - ANSWER The initial premium is lower than for an equivalent amount of whole life insurance Level Term - ANSWER Insurance provides a level amount of protection for a specified ...

Reserves - ANSWER Funds held by the company to fullfull future claims. Funds are set by the state department of insurance. Multi-line Insurer - ANSWER An insurance company selling more than one line of insurance. (Ex. Home, auto, health, etc) Stock Companies - ANSWER Owned and controlled by stockholders, whose investment set the safety margin. Guaranteed fixed premiums. Nonparticipating policies. nonparticipating policy - ANSWER Insurance under which the insured is not entitled to share...

-Solicitation -Negotiations -Sale -Advising an individual concerning coverage or claims - ANSWER The Term Insurance Transaction includes what? Insurer (principal) - ANSWER The ______ is the company or organization that issues a policy of insurance Domestic - ANSWER A _________ insurer is an insurance company that is incorporated in this state. -The company's home office is in the state in which it was formed. Foreign - ANSWER A ________ insurer is an insurance company that is inc...

99no more than $1,000 Maturity Date - ANSWER The date when the final payment on a loan becomes due and payable Nonforfeiture Values - ANSWER Benefits in a life insurance policy that the policyowner cannot lose Participating Policies - ANSWER Policyowners are entitled to return of dividends Policy Proceeds - ANSWER In Life Insurance, the death benefit Free-look Period - ANSWER is 10 days The Arkansas Nonforfeiture Law does not apply to the following 4 circumstances... - ANSWER 1...

What are the 2 different perils of health insurance? - ANSWER Accident and Sickness What is the definition of Accident? - ANSWER Unintentional bodily injury caused by an unforeseen event What is the definition of Sickness? - ANSWER A need for medical care due to a cause other than an accident What are the types of limited policies? - ANSWER Accident only Dread disease Hospital income(indemnity) insurance Credit disability Blanket coverage Prescription drugs Vision care Hearin...

Greg had recently been terminated from his job that covered him for group life insurance. How long does he have to convert his coverage to an individual policy without needing to prove insurability? - ANSWER 31 days All insurers must be members of what organization, as a condition of their authority to transact insurance in Arkansas - ANSWER Arkansas life and disability insurance guaranty association A producer who sells insurance in Arkansas but resides in another state is called a(n) - A...

what is the purpose of settlement options? - ANSWER They determine how death proceeds will be paid which of the following determines the cash value of a variable life policy? - ANSWER The performance of the policy portfolio An insured owns a life insurance policy. To be able to pay some of her medical bills, she withdraws a portion of the policy's cash value. There is a limit for a withdrawal and the insurer charges a fee. What type of policy does the insured most likely have? - ANSWER Un...

Insurance - ANSWER Transfers the risk of loss from an individual or business entity to an insurance company, which spreads the costs of unexpected losses to many individuals Agent/Producer - ANSWER A legal representative of an insurance company Insurance Policy - ANSWER A contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured or the beneficiary for loss caused by specific events What is underwriting? - ANSWER The risk selection and class...

Accident - ANSWER An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - ANSWER A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - ANSWER Unplanned, unforeseen traumatic injury to the body. Accidental Death and Dismemberment - ANSWER An insurance policy which pays a specified amount or a specified multiple of the insured's benefit if the insured dies, loses his or her sig...

A life insurance premium is paid each month. The insurer then subtracts a mortality and expense charge from the policy's cash value. This best describes which of the following life insurance policies? A. Whole Life B. Variable Whole Life C. Universal Life D. Adjustable Whole Life - ANSWER C. Universal Life What is the name of a single policy covering two or more lives that pays benefits upon the death of the first insured? A. Accidental Death B. Joint Survivorship Life C. Joint Life ...

The danger zone is a range of temperatures between 5°C and 57°C (41 - 135 F°) - ANSWER-True The danger zone is a range of temperatures at which pathogens do nut usually grow - ANSWER-False Food is most likely to be outside the danger zone if it is left on a work surface for four hours. - ANSWER-False When given the right conditions, pathogenic bacteria multiply roughly every 10-20 minutes. - ANSWER-True TCS food should be kept within the danger zone - ANSWER-False Cut melon is ...

6°C (43°F) is a temperature in the danger zone. - ANSWER-True 56°C (133°F) is a temperature outside of the danger zone - ANSWER-False Temperature abuse is a bad practice and could cause foodborne illness or even death - ANSWER-True An important aspect of temperature control is keeping food out of the danger zone. - ANSWER-True Cooking can be used to destroy pathogenic organisms. - ANSWER-True Spores and toxins are always destroyed by cooking temperatures. - ANSWER-False Poo...

everything cooked/reheated in a microwave should be heated to... - ANSWER-165 How many times the concentration for immersion sanitizing? - ANSWER-2 Chlorine sanitizes used in dishwashers work best when final rinse temperature is... - ANSWER-120 to 140 The delivery inspection of dry foods should include checking for... - ANSWER-intact packaging dry and undamaged food dry containers insect infestation and clean delivery truck Home-canned foods are not allowed in a food establish...

the occurrence of illness affecting one person - ANSWER-case anything that people normally eat or drink, including water and ice - ANSWER-food any illness caused by eating or drinking contaminated food - ANSWER-foodborne illness/disease anything that could cause harm to consumers - ANSWER-hazard the occurrence of two or more cases of a similar that result from eating a common food - ANSWER-foodborne disease outbreak the management responsibility to take all reasonable precautions ...

anisakis - ANSWER-parasite associated with raw or lightly cooked seafood norovirus - ANSWER-foodborne illness virus associated with dirty water, raw shellfish, and raw fruits and veggies DSP - ANSWER-illness caused by poisonous shellfish characterized by diarrhea Aflatoxin - ANSWER-mycotoxin associated with peanuts reef fish - ANSWER-fish that may include poisonous ones Staphylococcus aureus - ANSWER-bacteria associated with people bare hand contact with food Cryptosporidium -...

case - ANSWER-occurence of illness affecting one person foodborne illness/disease - ANSWER-illness caused by eating or drinking contaminated food hazard - ANSWER-anything that could cause harm to consumers foodborne disease outbreak - ANSWER-occurence of 2 or more cases of a similar illness that result from eating common food reasonable care - ANSWER-management responsibility to take all reasonable precautions to avoid committing a violation FDA - ANSWER-regulatory agency publishe...

Lasagna was removed from hot holding service at 11 am. By what time must it be served or thrown out? - ANSWER-3pm (4hours) Which food should be rejected? - ANSWER-Live oysters at 50F What is the first step in developing a HACCP Plan? - ANSWER-Conduct a hazard analysis Which food item has been associated with Salmonella Typhi? - ANSWER-Shellfish from Contaminated Water When transporting food offsite, how should information, such as use by date and time be communicated to the offsite s...

24 - ANSWER-A thawed, ready-to-eat chicken casserole prepared in a food establishment should be consumed or discarded within ______ hours following thawing sensory - ANSWER-During implementation of a HACCP program, which of the following properties would you NOT consider for food? seats, refrigerator doors and serving trays - ANSWER-Sponges may be used to clean a refrigerator at 41c degrees F (5 C) or below - ANSWER-Dairy products labeled 'ultra-unpasteurized', but NOT aseptically pac...

# of people it takes to be an outbreak - ANSWER-2 Temp all reheated food needs to be cooked to - ANSWER-165 Fo Tabletop equipment need to be on legs at least --- inches off the table - ANSWER-4 Inches Surfaces that are in constant use should be cleaned and sanitized at least every ---- hours - ANSWER-4 Hours Temp that cooked fruits and veggies need to be cooked - ANSWER-135 Fo Thermometer that measures the temperature of food should be accurate to - ANSWER-+/- 2Fo When cooling ...