Primerica Chapter 1 questions
A prospective insured gets a conditional receipt but dies before the policy is issued. The insurer
will... - ANS-Pay the policy proceeds most effective if it'd have issued the coverage
An insured pays a $a hundred premium every month for his coverage insurance, but the insurer
promises to pay $10,000 for a included loss. What feature of an insurance agreement does this
describe? - ANS-Aleatory
An Insurer neglects to pay a valid declare that is blanketed below the phrases of the coverage.
What coverage standards has the insurer violated? - ANS-Consideration
An insurer received a report concerning a capability insured that included the insured's financial
fame, pursuits, and behavior. What form of document is that? - ANS-Inspection Report
An investor buys a lifestyles policy on an aged individual with a view to promote it for a lifestyles
agreement. This is an example of what? - ANS-A STOLI coverage (stranger-orginated existence
coverage)
An underwriter might also comprise records on an applicant's pastimes, financial repute, and
habits by way of ordering a(n)... - ANS-Inspection file
Another name of substandard threat category is... - ANS-Rated
Best Describe the MIB - ANS-Nonprofit business enterprise that continues underwriting facts on
applicants for existence and medical health insurance
In insurance regulations, the insured is not legally bound to any unique action within the
coverage contract, however the internal is legally obligated to pay losses protected through the
policy. What contract element does that describe? - ANS-Unilateral
In coverage, a suggestion is commonly made whilst... - ANS-the utility is submitted
L's insurer has made all of the choices regarding the provisions such as in her coverage. L finds
an objectionable provision and desires to achieve this. Her best alternatives are to reject the
coverage or accept as is. Which contract characteristic does this describe? - ANS-Adhesion
-a agreement that is prepared by using simplest the insurer; the insured's handiest option is to
simply accept or reject the policy as it's miles written
Most retailers attempt to accumulate the initial top rate for submission with the application.
When an agent collects the initial premium from the applicant, the agent ought to difficulty the
applicant a... - ANS-Premium receipt
A prospective insured gets a conditional receipt but dies before the policy is issued. The insurer
will... - ANS-Pay the policy proceeds most effective if it'd have issued the coverage
An insured pays a $a hundred premium every month for his coverage insurance, but the insurer
promises to pay $10,000 for a included loss. What feature of an insurance agreement does this
describe? - ANS-Aleatory
An Insurer neglects to pay a valid declare that is blanketed below the phrases of the coverage.
What coverage standards has the insurer violated? - ANS-Consideration
An insurer received a report concerning a capability insured that included the insured's financial
fame, pursuits, and behavior. What form of document is that? - ANS-Inspection Report
An investor buys a lifestyles policy on an aged individual with a view to promote it for a lifestyles
agreement. This is an example of what? - ANS-A STOLI coverage (stranger-orginated existence
coverage)
An underwriter might also comprise records on an applicant's pastimes, financial repute, and
habits by way of ordering a(n)... - ANS-Inspection file
Another name of substandard threat category is... - ANS-Rated
Best Describe the MIB - ANS-Nonprofit business enterprise that continues underwriting facts on
applicants for existence and medical health insurance
In insurance regulations, the insured is not legally bound to any unique action within the
coverage contract, however the internal is legally obligated to pay losses protected through the
policy. What contract element does that describe? - ANS-Unilateral
In coverage, a suggestion is commonly made whilst... - ANS-the utility is submitted
L's insurer has made all of the choices regarding the provisions such as in her coverage. L finds
an objectionable provision and desires to achieve this. Her best alternatives are to reject the
coverage or accept as is. Which contract characteristic does this describe? - ANS-Adhesion
-a agreement that is prepared by using simplest the insurer; the insured's handiest option is to
simply accept or reject the policy as it's miles written
Most retailers attempt to accumulate the initial top rate for submission with the application.
When an agent collects the initial premium from the applicant, the agent ought to difficulty the
applicant a... - ANS-Premium receipt
