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BUNDLE OF WEBCE QUESTION AND ANSWER 2023

ACA and the Basics of Health Insurance Exchanges Question with complete solution 2023 Exam (elaborations) New York Insurance Regulation 187: Suitability and Best Interests in Life Insurance and Annuity Transactions Exam (elaborations) LTC Exam Question with complete solution 2023 Exam (elabor...

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WebCE Question with complete solution 2023

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WebCE Question with complete solution 2023On what basis are benefits payable under a long-term care insurance policy typically triggered? A) the diagnosis of an acute medical condition B) the number and types of medications prescribed C) the inability to perform of medications prescribed D) al...

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webce test questions with complete solution 2023

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webce test questions with complete solution 2023which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph...

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WebCE Test 1 Question and answer rated A+

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WebCE Test 1 Question and answer rated A+ Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? She must move to Pennsylvania. She must surrender her Ohio license. She...

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Life and Health Insurance Exam Webce Question and answer 100% solved

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Life and Health Insurance Exam Webce Question and answer 100% solvedRisk Chance of loss Loss Unplanned reduction of economic value Peril cause of loss Hazard a condition that increases the chance of peril Risk Transfer buying insurance to shift the risk to insurance ...

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Webce Life and Health Question with answers already solved 2023

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Webce Life and Health Question with answers already solved 2023Representations and Warranties Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Under...

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WebCe – Ethics Question with complete solution 2023

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WebCe – Ethics Question with complete solution 2023You have been invited to your niece's wedding reception, and the invitation requests an RSVP. You really don't want to go, and you could simply decline the invitation. But you respond that you will be in attendance, and you check her bridal regi...

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WEBCE Practice Exam 100 Questions already solved 2023

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WEBCE Practice Exam 100 Questions already solved 2023In general, what is the earliest age at which a person can take a distribution from a qualified plan without a tax penalty? 59 1/2 Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to withdraw funds from the cont...

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WebCE Property & Casualty Prep Exam Question with complete solution 2023

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WebCE Property & Casualty Prep Exam Question with complete solution 2023Risk Chance of loss 5 Risk or Loss Factors 1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard Insurance allows: Individual or group to transfer over to insurance company the risk of financial loss from a destructive...

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WebCE Exam Tutor Question with complete solution 2023

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WebCE Exam Tutor Question with complete solution 2023All of the following are eligible to purchase a group life insurance policy EXCEPT: the Wonderful Widget Company, which employs more than 200 people the State Electrical Workers Union the Retailers Multiple Employer Trust, formed by two retai...

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WebCE Quizzes: General Insurance & Life Insurance Questions with answers correct 2023

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WebCE Quizzes: General Insurance & Life Insurance Questions with answers correct 2023Buying life or health insurance is an example of which risk management technique? risk avoidance risk reduction risk retention risk transfer risk transfer What is the mathematical concept of probabilit...

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WebCE Flash Question and answers rated A+ 2023

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WebCE Flash Question and answers rated A+ 2023Indirect Loss 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. ...

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WebCE: Long-Term Care: Programs, Policies, and Partnerships Question with complete solution 2023

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WebCE: Long-Term Care: Programs, Policies, and Partnerships Question with complete solution 2023What is the Primary Goal of Long Term Care To maintain functionality Which of the following most precisely defines the fundamentals of self-care and the basic tasks of life? Activities of daily l...

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Annuity – WebCE Question with complete solution 2023

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Annuity – WebCE Question with complete solution 2023Annuitization is Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? A specified term of years, for life, or a combination of the two. What is the reason (ho...

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Insurance webce Question and answers rated A+ 2023

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Insurance webce Question and answers rated A+ 2023risk Chance of loss Pure risk If it's pure you can insure Speculative riak Loss or gain peril The cause of loss Life insurance peril Death Health insurance peril Illness, accidental injury, disability ...

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WebCE Practice Quiz with answers rated A+

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WebCE Practice Quiz with answers rated A+1. The ethical principle, "Place the interests of others above your own," is an example of b. positive actions or results-based ethics 2. Your sister escaped from an abusive husband and is hiding in your basement when her husband knocks on your ...

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WebCe - Commercial Lines 101 Question with complete solution 2023

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WebCe - Commercial Lines 101 Question with complete solution 2023What is the underwriter's goal? To write a book of business in which the actual losses approximate the expected losses. Gertrude is going to become an insurance agent. She would like to work in an agency that represents many d...

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WebCe - Commercial Properties Question and answers 100% solved 2023

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WebCe - Commercial Properties Question and answers 100% solved 2023A tornado severely damages one of Major Manufacturing's plants. As a result of the damage, Major Manufacturing is forced to curtail its operations during the 6 months needed to complete repairs. The resulting loss of income suffere...

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Claims 101 Question with complete solution 2023

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Claims 101 Question with complete solution 2023. An insurer has offered Kevin a job in its claims department. Before accepting, Kevin asks what activities this job will involve. In response, he learns that a claims professional's key activities include all the following, EXCEPT Denying Foll...

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Property and Casualty Insurance - Final Exam Questions and answer already solved 2023

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Property and Casualty Insurance - Final Exam Questions and answer already solved 2023An unlicensed employee of an insurance agency may perform all of the following EXCEPT: A) Accept a claim form B) Type correspondence for a direct mail campaign C) Deposit properly endorsed checks into the agency...

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AML Exam (CE) Question and answer 2023

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AML Exam (CE) Question and answer 20231. The information an insurance agent must collect for customer identification purposes depends on a. the amount of money the customer is worth. b. The amount of money the customer spends. c. whether the insurance product the customer is purchasing at a low o...

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LTC Exam Question with complete solution 2023

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LTC Exam Question with complete solution 2023Which of the following most precisely defines the fundamentals of self-care and the basic tasks of everyday life? Activities of Daily Living What is a primary goal of long-term care? to maintain functionality On what basis are benefits pay...

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New York Insurance Regulation 187: Suitability and Best Interests in Life Insurance and Annuity Transactions

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New York Insurance Regulation 187: Suitability and Best Interests in Life Insurance and Annuity TransactionsNew York Insurance Regulation 187 amended and renamed to create a best interest standard of care for recommendations oflife insurance and annuities sales transactions as well as recommendatio...

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ACA and the Basics of Health Insurance Exchanges Question with complete solution 2023

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ACA and the Basics of Health Insurance Exchanges Question with complete solution 2023When was the Affordable Care Act signed into law? The ACA was signed into law on March, 2010 What is the purpose of a Health Insurance Exchange? To give consumers a way to access and purchase health coverag...

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