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Alabama life insurance test questions with correct answers 2024
Alabama life insurance test questions with correct answers 2024 The best definition of risk? - ANSWERS Chance of loss. Producer appointed by one company on an exclusive basis is a. - ANSWERS Captive agent Predicting the likelihood of sickness or accident occurring among groups of people according to age, occupation or some other factor. - ANSWERS Morbidity tables Specialized property or liability coverage provided by a nonadmitted insurer is called: - ANSWERS Excess and surplus lines ...
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Alabama life insurance test questions with correct answers 2024 The best definition of risk? - ANSWERS Chance of loss. Producer appointed by one company on an exclusive basis is a. - ANSWERS Captive agent Predicting the likelihood of sickness or accident occurring among groups of people according to age, occupation or some other factor. - ANSWERS Morbidity tables Specialized property or liability coverage provided by a nonadmitted insurer is called: - ANSWERS Excess and surplus lines ...
ALABAMA LIFE INSURANCE EXAM QUESTIONS WITH ANSWERS 2024
ALABAMA LIFE INSURANCE EXAM QUESTIONS WITH ANSWERS 2024 Which clause allows the insured to change an existing policy to any other policy of any type as long as the new policy has a higher premium, without any proof of insurability? - ANSWERS Privilege of change clause The extended term nonforfeiture option provides: - ANSWERS Paid-up term coverage equal to that of the original policy With a collateral assignment of a life policy to a creditor: - ANSWERS You assign a partial amount of...
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- • 3 páginas •
ALABAMA LIFE INSURANCE EXAM QUESTIONS WITH ANSWERS 2024 Which clause allows the insured to change an existing policy to any other policy of any type as long as the new policy has a higher premium, without any proof of insurability? - ANSWERS Privilege of change clause The extended term nonforfeiture option provides: - ANSWERS Paid-up term coverage equal to that of the original policy With a collateral assignment of a life policy to a creditor: - ANSWERS You assign a partial amount of...
Alabama Life Insurance Exam questions with answers 2024
Alabama Life Insurance Exam questions with answers 2024 A ____________ company is one that is domiciled in another state and has Not received a license to do business in Alabama. - ANSWERS Foreign Nonamitted A 15-year mortgage - ANSWERS 15 year decreasing term A collateral assignment allows a policy owner to assign: - ANSWERS A portion of the policy provides to the assignee A cross purchase buy-see agreement is in place of ABC Company four founding partners. What would this agreement...
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- • 14 páginas •
Alabama Life Insurance Exam questions with answers 2024 A ____________ company is one that is domiciled in another state and has Not received a license to do business in Alabama. - ANSWERS Foreign Nonamitted A 15-year mortgage - ANSWERS 15 year decreasing term A collateral assignment allows a policy owner to assign: - ANSWERS A portion of the policy provides to the assignee A cross purchase buy-see agreement is in place of ABC Company four founding partners. What would this agreement...
ALABAMA LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS
ALABAMA LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS What are commercial insurers also referred to as? - ANSWERS Private Insurance Companies Commercial Insurers are in the business of selling insurance for ___ ________. - ANSWERS a profit What two groups can commercial insurance be broken into? - ANSWERS Stock Companies & Mutual Insurers What is a stock insurer? - ANSWERS incorporated to make a profit for its stockholders. nonparticipating because the policyholders do not rece...
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- • 6 páginas •
ALABAMA LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS What are commercial insurers also referred to as? - ANSWERS Private Insurance Companies Commercial Insurers are in the business of selling insurance for ___ ________. - ANSWERS a profit What two groups can commercial insurance be broken into? - ANSWERS Stock Companies & Mutual Insurers What is a stock insurer? - ANSWERS incorporated to make a profit for its stockholders. nonparticipating because the policyholders do not rece...
ALABAMA LIFE INSURANCE EXAM 2 2024 WITH 100% CORRECT ANSWERS UPDATED
ALABAMA LIFE INSURANCE EXAM 2 2024 WITH 100% CORRECT ANSWERS UPDATED Dividend options are defined as ways in which the policy owner can: - ANSWERS receives dividends paid on any stock held A life insurance company may pay a death claim for less than the face amount of a policy under which of the following conditions? - ANSWERS All of the above Which policy will have immediate cash? - ANSWERS single premium The process of underwriting primarily involves what two key steps? - ANSWERS ris...
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ALABAMA LIFE INSURANCE EXAM 2 2024 WITH 100% CORRECT ANSWERS UPDATED Dividend options are defined as ways in which the policy owner can: - ANSWERS receives dividends paid on any stock held A life insurance company may pay a death claim for less than the face amount of a policy under which of the following conditions? - ANSWERS All of the above Which policy will have immediate cash? - ANSWERS single premium The process of underwriting primarily involves what two key steps? - ANSWERS ris...
NSG 120 Final Exam Questions Correctly Answers| LATEST UPDATE
NURS 6560 Fitzgerald Acute Care NP Exit Exam (150 Q & A) (Solution Enclosed): Walden University Acute Care NP Exit Exam v-2 with complete solutio
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EDF 6225 FOUNDATIONS OF ABA FINAL EXAM 2023 - UNIVERSITY OF WEST FLORIDA