WISCONSIN ACCIDENT AND HEALTH INSURANCE EXAM

Dividends from a stock company are normally sent to: Beneficiaries Shareholders Policy holders Insureds Shareholders Which of the following financial products creates an instant estate, no matter when the date of death? Mutual funds Life insurance Certificate of deposit Deferred annuity Life insurance Which of the following outlines the authority given to the producer on behalf of the insurer? Rebating arrangement Commingling contract Controlled business clause Producer contract Producer contract Dividends from a mutual insurance company are paid to whom? Policyholders Beneficiaries Preferred stockholders Stockholders Policyholders A stock insurance company is owned by its Officers Board directors Policyowners Shareholders Policyowners A reciprocal insurer typically has an administrator who manages the premiums collected from the group's members. This administrator is called a(n) Reciprocal commissioner Attorney general Attorney-in-fact Reciprocal Attorney-in-fact which reinsurance contract between two insurers involves an automatic sharing of the risks assumed? Arbitrage reinsurance Facultative reinsurance Excess reinsurance Treaty reinsurance Treaty reinsurance A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a Risk retention group Treaty insurer Risk assumption group Captive insurer Risk retention group Which group is the Do not Registry designed to protect against? Telemarketers