Ambiguities Study guides, Class notes & Summaries

Idaho Life Insurance ExamComplete Questions with 100% Correct Answers Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance An insurance policy that provides payment if the insured's death is the resu...

NJ Property Insurance Exam With 100% Correct Answers 2024. Abandonment the abdication of insured property into the hands of another, or into the possession of no one in particular accident an unfortunate incident that happens unexpectedly and unintentionally, typically resulting in damage or injury. ACV. actual cash value the required amount to pay damages for property loss, which is calculated based on the property's current replacement value minus depreciation additional coverage A ...

Wisconsin Health Insurance Latest Update 100% Correct Accident An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury Unplanned, unforeseen traumatic injury to the body. Accidental Death and Dismemberment An insurance policy which pays a specified amount or a specified multiple of the insured's benefit if the insured...

Accident - An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Death and Dismemberment - An insurance policy which pays a specified amount or a specified multiple of the insured's benefit if the insured dies, loses sight, or loses two limbs due to an accident Accidental Death Benefits - A policy rider that states that the cause of death w...

Mississippi Health and Life Insurance Exam Latest Update Graded A+ Accident An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Death and Dismemberment An insurance policy which pays a specified amount or a specified multiple of the insured's benefit if the insured dies, loses sight, or loses two limbs due to an accident Accident...

Accelerated Benefits Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance An insurance policy that provides payment if the insured's death is the result of an accident. Accumulation Period The time before an annuitant'...

Parts of an insurance contract - ANSWER-Declarations Insuring Agreement Exclusions Conditions Parts of an insurance contract - ANSWER-Declarations Insuring Agreement Exclusions Conditions Contract of adhesion - ANSWER-the insured cannot negotiate the terms of the contract. Ambiguities are resolved in favor of the insured. Requirements to win a negligence claim - ANSWER-1. Prove the defendant had a duty to act/not act 2. The defendant breached that duty 3. The breach of duty caused...

Accelerated Benefits - Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance - An insurance policy that provides payment if the insured's death is the result of an accident. Accumulation Period - The time before an ann...

Life and Health Exam Questions and Answers 100% Solved Accelerated Benefits ️️Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses Accidental Death Benefits ️️A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death Accidental Death Insurance ️️An insurance policy that provides payment if the insured's death is th...

True or False? An applicant for the 2-20 General Lines Agent License can seek the license for the purpose of writing "controlled business". - ANSWER- False An applicant must not be seeking to obtain the 2-20 General Lines Agent License for the purpose of writing "controlled business"; this is specifically excluded. An applicant for the 2-20 General Lines Agent License must show that the application is at least ____ years of age. - ANSWER- 18 An applicant for the 2-20 General Lines Agen...