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NEBRASKA LIFE AND HEALTH INSURANCE TESTS COMPILATION BUNDLE
NEBRASKA LIFE AND HEALTH INSURANCE TESTS COMPILATION BUNDLE
[Show more]NEBRASKA LIFE AND HEALTH INSURANCE TESTS COMPILATION BUNDLE
[Show more]All of the following influence the premiums charged for life insurance policies, Except? 
A. Mortality 
B. Agent Commissions 
C. Investment Return 
D. Insurance comissioner correct answer: Insurance Commissioner 
 
Spreads the risk of loss from one person to a large number of people through the poo...
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Add to cartAll of the following influence the premiums charged for life insurance policies, Except? 
A. Mortality 
B. Agent Commissions 
C. Investment Return 
D. Insurance comissioner correct answer: Insurance Commissioner 
 
Spreads the risk of loss from one person to a large number of people through the poo...
Adverse Selection correct answer: Insuring of risks more prone to loss than the average 
 
Agent/Producer correct answer: legal representative of an insurance company 
 
Applicant/Proposed insured correct answer: a person applying for insurance 
 
Hazard correct answer: Conditions that increase ...
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Add to cartAdverse Selection correct answer: Insuring of risks more prone to loss than the average 
 
Agent/Producer correct answer: legal representative of an insurance company 
 
Applicant/Proposed insured correct answer: a person applying for insurance 
 
Hazard correct answer: Conditions that increase ...
Before delivering a health insurance policy to a client, the producer alters the insuring clause in a way that he believes will benefit the insurance company. Which of the following statements is true about this alteration? correct answer: It is prohibited by the entire contract provision 
 
Which ...
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Add to cartBefore delivering a health insurance policy to a client, the producer alters the insuring clause in a way that he believes will benefit the insurance company. Which of the following statements is true about this alteration? correct answer: It is prohibited by the entire contract provision 
 
Which ...
Nebraska Life and Health Insurance Exam Questions With Complete Solutions
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Add to cartNebraska Life and Health Insurance Exam Questions With Complete Solutions
Insurance Agreement correct answer: Contract made between insurance company and individual 
 
Risk Pooling correct answer: Combines similar losses from many people to average loss over the group 
 
Law of Large Numbers correct answer: The larger the group, the easier it is to predict loss 
 
Actu...
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Add to cartInsurance Agreement correct answer: Contract made between insurance company and individual 
 
Risk Pooling correct answer: Combines similar losses from many people to average loss over the group 
 
Law of Large Numbers correct answer: The larger the group, the easier it is to predict loss 
 
Actu...
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