Alabama insurance Study guides, Class notes & Summaries

ALABAMA INSURANCE TEST

Alabama Insurance adjuster exam study guide/129 Q’s and A’s

Insurance - Answer-is the method for spreading the risk of financial loss among others Casualty Insurance - Answer-mainly protect you against legal liability for BI and/or PD you cause to another Personal Line Insurance - Answer-refer to property and casualty insurance for an individual as opposed to a business Commercial Line Insurance - Answer-refer to property and casualty insurance to cover a business Insurance Underwritting - Answer-is the process of classification, rating, and ...

ALABAMA INSURANCE TEST Questions and Answers Latest 2024/2025 | 100% Correct. Which welfare program provides assistance to the needy? - correct answersMedicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - correct answersrevocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? - correct answers30 Which type of term policy allows the policyowner to s...

alabama insurance adjuster exam

Alabama AdjusterPro Exam for P&C with WC and Crop (2023) Alabama AdjusterPro Exam for P&C with WC and Crop (2023) 1: Incorrect Indemnification may include all of the following except: reimbursement for hotel costs. reimbursement for rental car costs. Answer Given payment for repairs to property. Actual Answer payment for pain and suffering. 2: Correct What is a reserve, in insurance terms? The amount of revenue that the insurer sets aside to pay employee s...

Which welfare program provides assistance to the needy? - Medicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - revocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? - 30 Which type of term policy allows the policyowner to switch to permanent insurance? - Convertible term What does renewable term guarantee? - The insured's insurability ...

Bart is injured and provides notice of a health claim to his insurer. He later receives the required claims forms. Within how many days of the loss must Bart file proof of loss with the insurance company? correct answers 90 Which welfare program provides assistance to the needy? correct answers medicaid Who is considered the individual that retains all rights, values, and options of an insurance policy? correct answers the policy owner Long Term Care policies normally provide benefits f...

ALABAMA INSURANCE TEST Questions and Answers with Complete Solutions

Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - Answer- revocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? - Answer- 30 Which type of term policy allows the policyowner to switch to permanent insurance? - Answer- Convertible term What does renewable term guarantee? - Answer- The insured's insurability If an insured commits suicide, a life...