Contingent Study guides, Class notes & Summaries

CIC - Commercial Casualty Institute Latest Update Graded A+ Identify the Specific Rights & Responsibilities of the First Named Insured (Objective #1) 1- Cancel Policy 2- Receive Notice of Cancellation 3- Make Changes to Policy (with Insurer Consent) 4- Payment of Premiums 5- Payee for Returned Premium Compare and Contrast the Occurrence Form with the Claims Made Form, as to what activates coverage (Learning Objective #2) Occurrence Form: - BI/PD must occur during the policy perio...

Speculative Risk - A risk in which there is a chance of either loss or gain. Never insurable Insurance - A contract whereby one undertakes to indemnify another against loss, damage, or liability arising from a contingent or unknown event. hazard - Accelerated benefits - Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accident - An unplanned ned, unforeseen event which occurs suddenly and at an unspecified pl...

AN example of a moral hazard in relation to a life insurance application would be: - Misstating your health history to an insurance company. John applies for a variable annuity and does not request that the premiums be immediately invested in a stock or bond portfolio. After the annuity is issued, John returns the annuity contract to the insurer within the free look period. What will John receive from the insurer? - The entire premium In life insurance policies, naming beneficiaries is an ...

MPRE EXAM 1 2024/LATEST UPDATE WITH GENUINE QUESTIONS AND CORRECT DETAILED SOLUTIONS SOLVED 100% CORRECT!! Two years ago, when a couple divorced in State A, the court awarded the wife custody of the three children and ordered the husband to pay the wife $3,000 per month in child support and alimony payments. The husband failed to make the $3,000 payments for 17 months in a row. In desperation, the wife hired a new attorney to represent her in a proceeding to collect the past due payment...

Action Research - correct answer Involves actively participating in a change situation, often via an existing organization, while simultaneously conducting research. Scientific Management Theory (Theory X) - correct answer According to this theory, the organization is a machine, and the worker is motivated by financial reward. Bureaucratic. "One right way." Takes a limited view of worker motivation. Human Relations Theory (Theory Y) - correct answer A theory that focuses on the rol...

National PSI EXAM PRACTICE TEST Answered 100% Correctly| Latest 2024 National PSI EXAM PRACTICE TEST Answered 100% Correctly| Latest 2024 Real Estate law governing advertising applies to all of these EXCEPT: A. In house notes for showing B. Multiple listing service (MLS) C. communications with consumers D. Social Media A. In-house notes for showing are not seen by consumers an so do not have to follow state or federal laws. A couple accompanies a property inspector during an inspecti...

LIFE INSURANCE ONLY CALIFORNIA (2022/2023) ALREADY PASSED LIFE INSURANCE Insurance that pays out a sum of money either on the death of the insured person or after a set period. TERM LIFE INSURANCE Life insurance that pays a benefit in the event of the death of the insured during a specified term. *PURE *ONLY DEATH BENEFIT NO CASH VALUE WHOLE LIFE INSURANCE Life insurance that pays a benefit on the death of the insured and also accumulates a *PERMANENT *DEATH BENEFIT & CASH VALUE. UNIVERSAL ...

Florida Life & Health Practice Test (Questions and Answers, 100% Correct) Updated 2023/2024 Florida Life & Health Practice Test (Questions and Answers, 100% Correct) Updated 2023/2024 T and S are named co-primary beneficiaries on a $500,000 Accidental Death and Dismemberment policy insuring their father. Their mother was named contingent beneficiary. Five years later, S dies of natural causes and the father is killed in a scuba accident shortly afterwards. How much of the death benefi...

A fee simple owner of a restaurant provided in his will that the property should go on his death "in fee simple to my friend, but if during my friend's lifetime my son has children and those children are alive when my friend dies, then to said living children." When the owner died, the friend took over the restaurant. If the son has children and one or more of them are alive when the friend dies, who will take title to the restaurant at that time? A The friend's heirs, because the atte...

A set of standards that provides universal names and codes for laboratory and clinical results is _____. - ANSWERSLogical Observation Identifiers Names and Codes (LOINC) High-quality information is contingent on _____. a. Computerized decision support b. Systems integration c. Knowledge management d. Reliable data - ANSWERSd. Reliable data The individual most likely to lead strategic planning for a healthcare organization's information system is the _____. a. CEO b. HIM director c....