Study guides, Class notes & Summaries

Abandonment the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. 6 Ways to Show Appreciation for Your Child's Teacher Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute...

The balance of the loan will be taken out of the death benefit If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report An insurer receives a report regarding potential insured that includes financial status, hobbies, and habits. What type of report is that? Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:05 / 0:15 Full screen Spendthrift Clause The clause...

An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? Family term insurance rider Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered...

South Carolina Accident. Health, and Life Insurance Exam 2024 Annuity Certain - CORRECT ANSWER-Maria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called Survivorship Life - CORRECT ANSWER-The type of policy which pays on the death of the last person is called Malign another insurer - CORRECT ANSWER-Defamation occurs when a producer makes a false statement intended to A 70 year old NOT eligible for Social Security *Yo...

South Carolina P&C Insurance Exam Study Guide with 100% correct answers 2024 Abandonment - CORRECT ANSWER-the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - CORRECT ANSWER-Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - CORRECT AN...

Study Guide for Actual Final Exam - South Carolina Life and Health Insurance 2024 The branch of dentistry which deals with the replacement of missing parts is called Endodontics Periodontics Orthodontics Prosthodontics - CORRECT ANSWER-Prosthodontics How many months can a life insurance policy normally be backdated from the date of application? 3 6 9 12 - CORRECT ANSWER-6 HIPAA considers which of the following as "individually identifiable health information"? - CORRECT ANSWER...

South Carolina Property and Casualty Insurance Exam Test 2024 The process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? - CORRECT ANSWERUnderwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible for the cost of the examination? - CORRECT ANSWER-Foreign company Driver A has a personal auto policy with Part C: UM/UIM limi...

South Carolina life insurance exam study set Questions and Answers 2024 Verified An insurer will accept a premium from the insured and continue theicoverage in full force as though it was NOT late during which time period? Incontestable period Probation period Reinstatement period Grace period - CORRECT ANSWER-Grace period A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? Standard Substandard Acceptable...

Final Exam - South Carolina Life and Health Insurance 2024 The branch of dentistry which deals with the replacement of missing parts is called Endodontics Periodontics Orthodontics Prosthodontics - CORRECT ANSWER-Prosthodontics How many months can a life insurance policy normally be backdated from the date of application? 3 6 9 12 - CORRECT ANSWER-6 HIPAA considers which of the following as "individually identifiable health information"? - CORRECT ANSWER-A person's health cla...