Examfx life and health, Brand New Exam Questions with 100% Correct Answers All Graded A+, Latest Expert Premium Update(2025)|100% Guaranteed Success.

Examfx life and health, Brand New Exam Questions with 100% Correct Answers All Graded A+, Latest Expert Premium Update(2025)|100% Guaranteed Success. other insurance - ANSWERWhat insurance policy provision defines how the policy will respond if there is more than one insurance policy written on the same risk? uninsured motorist coverage - ANSWERIn the personal auto policy, owned trailers being towed by an insured auto are automatically covered for hazards - ANSWEREvents or conditions that increase the chances of an insured loss occurring are referred to as the completed application is submitted - ANSWERIn insurance, an offer is usually made when The insured would be responsible for the amount required as underlying limits in the event of a claim - ANSWERWhich of the following statements would be correct if an insured failed to maintain the underlying limits as required by a personal umbrella policy? assigned risk - ANSWERA recent college graduate bought a new car and is trying to get automobile insurance on it as required by the lienholder. After being rejected by several insurance companies due to his driving record, he finally talked to an agent who can get him coverage. His agent called him a residual market risk. From which type of automobile insurance plan can the applicant purchase insurance? alien insurer - ANSWERWhen transacting business in this state an insurer formed under the laws of another country is known as a/an misrepresentation - ANSWERon its advertisement, a company claims that it has funds in its possession that are, in fact, not available for the payment of losses or claims. The company is guilty of The policy will not be affected. - ANSWERAn individual applies for a life policy. two years ago he suffered from a head injury from an accident, so he cannot remember parts of his past, but is otherwise competent. He has also been hospitalized for drug abuse, but does not remember this when applying for insurance. The insurer issues the policy and learns of his history one year later. What will probably happen? 60 days - ANSWERInsurers must file all rates and forms for Commissioner's approval within how many days prior to use? The trust that a client places in the producer in regard to handling premiums - ANSWERWhich of the following is an example of a producer's fiduciary duty? Specific definitions as to their meaning as used in the policy - ANSWERwords or terms that appear in an insurance policy in bold face print include pay dividends to the policy owner - ANSWERA participating insurance policy may do which of the following? Property and Casualty Insurance Guaranty Association - ANSWERWhich of the following was created to pay benefits due to insured's after their insurance companies have been declared insolvent? First named insured - ANSWERWhich of the following would be named on the declarations page of a property or liability policy? consideration - ANSWERSomething of value exchanged between the insurer and the insured is considered an The coinsurance formula will also be applied to total losses. - ANSWERAll of the following statements concerning coinsurance are true EXCEPT stated amount - ANSWERwhen the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as full replacement of property as its current cost, new and without reduction for depreciation - ANSWERreplacement cost is defined as