Aleatory contract Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Aleatory contract? On this page you'll find 1848 study documents about Aleatory contract.
Page 4 out of 1.848 results
Sort by
![WebCE Exam Questions with correct Answers](/docpics/642aef5b56c1b_2548677.jpg)
-
WebCE Exam Questions with correct Answers
- Exam (elaborations) • 6 pages • 2023
-
Available in package deal
-
- $10.99
- 2x sold
- + learn more
Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. 
Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. 
 
Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. 
Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...
![Insurance Adjuster Exam Questions and Answers Rated A+](/docpics/63eb4473498ee_2369413.jpg)
-
Insurance Adjuster Exam Questions and Answers Rated A+
- Exam (elaborations) • 37 pages • 2023
-
Available in package deal
-
- $9.99
- 1x sold
- + learn more
Insurance Adjuster Exam Questions and Answers Rated A+ Which kind of losses are covered under a standard fire policy? Direct 
All fires are not covered by the Standard Fire policies, only those that: are hostile and have a flame or glow 
At what time does a fire policy go into affect? 12:01am standard time at the location of the insured's property 
A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of damage. What is the maximum amount the insur...
![CA Life and Health Exam Questions and Answers Already Passed](/docpics/63dec8c08ad9c_2336851.jpg)
-
CA Life and Health Exam Questions and Answers Already Passed
- Exam (elaborations) • 14 pages • 2023
-
Available in package deal
-
- $9.49
- 1x sold
- + learn more
CA Life and Health Exam Questions and Answers Already Passed What is insurance? Insurance is the legal contract where two parties agree that if something will happen, a value will be exchanged. 
What's the difference between pure risk and speculative risk? Pure risk is when you'll lose it all or there will be no change. Speculative risk you can either win or lose. 
What is peril? peril is the causes of loss insured against in an insurance policy 
What is hazard? conditions that increase the pr...
![Xcel solutions final exam Maryland Life and health questions and answers 100% pass](/docpics/4357833/65b6b8accf005_4357833_121_171.jpeg)
-
Xcel solutions final exam Maryland Life and health questions and answers 100% pass
- Exam (elaborations) • 9 pages • 2024
- Available in package deal
-
- $9.99
- 1x sold
- + learn more
Xcel solutions final exam Maryland Life and health questions and answers 100% pass 
What is normally the consequence for NOT obtaining preadmission certification prior to receiving inpatient medical care? A reduction in benefits 
A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a Risk retention group 
During the application process, a statement made by an applicant that becomes part of the contract is considered to be a(n) Warrant...
![PRIMERICA LIFE INSURANCE EXAM. All Most Examined Questions Bank with answers. 100% verified. Rated A.](/docpics/63bf4ba5c97ce_2247548.jpg)
-
PRIMERICA LIFE INSURANCE EXAM. All Most Examined Questions Bank with answers. 100% verified. Rated A.
- Exam (elaborations) • 61 pages • 2023
-
Available in package deal
-
- $10.49
- 2x sold
- + learn more
PRIMERICA LIFE INSURANCE EXAM. All Most Examined Questions Bank with answers. 100% verified. Rated A. 
 
 
 
An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? 
 
a. mutual 
b. reciprocal 
c. nonprofit service organization 
d. stock - A. mutual 
 
funds not paid out after paying claims ...
![Kentucky Life Insurance Exam Questions With All Correct Answers](/docpics/2765714/6465d932e0583_2765714_121_171.jpeg)
-
Kentucky Life Insurance Exam Questions With All Correct Answers
- Exam (elaborations) • 17 pages • 2023
-
- $12.29
- 1x sold
- + learn more
Kentucky Life Insurance Exam Questions With All Correct Answers 
 
Elements of a Contract - CORRECT ANSWERS Competent parties, legal purpose, offer and acceptance, consideration 
Waiver - CORRECT ANSWERS Voluntary giving up of a known right or privilege, can be express or implied 
Estoppel - CORRECT ANSWERS A person is prohibited by virtue of his own past actions from claiming a right that would work to the detriment of another who relied on the...
![NC LIFE insurance state exam questions and answers 100% pass](/docpics/6426ff8b1b472_2539166.jpg)
-
NC LIFE insurance state exam questions and answers 100% pass
- Exam (elaborations) • 14 pages • 2023
-
Available in package deal
-
- $9.99
- 1x sold
- + learn more
NC LIFE insurance state exam questions and answers 100% pass CREDIT LIFE a special type of coverage written to the life of the debtor and pay off the balance of a loan in the event of the death of the debtor. 
BUY-SELL AGREEMENTS a legal contract that determines what will be done with a business in the event that an owner dies or becomes disabled. Otherwise known as a business continuation agreement 
INSURABLE INTEREST to purchase insurance the policy owner must face the possibility of losing mo...
![Life and Health Insurance Study Guide ExamFX | 100% Correct Answers | Verified | Latest 2024 Version](/docpics/4573947/65d7885f0d319_4573947_121_171.jpeg)
-
Life and Health Insurance Study Guide ExamFX | 100% Correct Answers | Verified | Latest 2024 Version
- Exam (elaborations) • 34 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
An insured pays a $100 premium every month for his insurance coverage, yet the insurer promises to pay 
$10,000 for a covered loss. What characteristic of an insurance contract does this describe? - 
Aleatory: an aleatory contract means unequal amounts are exchanged between payments and 
benefits 
What is the Federal Credit Reporting Act? - Establishes procedures that consumer-reporting agencies 
must follow in order to ensure that records are confidential, accurate, relevant, and properly used....
![Primerica UCanPass Practice 2023 Questions and Answers with complete solution](/docpics/64021153b41c5_2432534.jpg)
-
Primerica UCanPass Practice 2023 Questions and Answers with complete solution
- Exam (elaborations) • 9 pages • 2023
-
- $8.82
- 1x sold
- + learn more
Primerica UCanPass Practice 2023 Questions and Answers with complete solution 
 
401 K Plan 
A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. 
Absolute Assignment v. Collateral Assignment 
Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner. 
Accelerated Death Benefit 
Policy provision that allows full or partial ...
![Kentucky Life Insurance Exam Updated Questions and Answers 2024 New](/docpics/5621214/666981bba6fd7_5621214_121_171.jpeg)
-
Kentucky Life Insurance Exam Updated Questions and Answers 2024 New
- Exam (elaborations) • 18 pages • 2024
-
- $13.49
- + learn more
Kentucky Life Insurance Exam Updated 
Questions and Answers 2024 New 
Elements of a Contract - CORRECT ANSWER-Competent parties, legal purpose, offer 
and acceptance, consideration 
Waiver - CORRECT ANSWER-Voluntary giving up of a known right or privilege, can be 
express or implied 
Estoppel - CORRECT ANSWER-A person is prohibited by virtue of his own past actions 
from claiming a right that would work to the detriment of another who relied on the past 
conduct 
Aleatory Contract - CORRECT...
![Verkoop je kennis op stuvia](https://www.stuvia.com/hosted-imgs/app/stock-fotos/banner_seller_big.jpg)
That summary you just bought made someone very happy. Also get paid weekly? Sell your study resources on Stuvia! Discover all about earning on Stuvia