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WFG Certification Test | Questions with 100% Correct Answers | Latest Update | Verified
WFG Certification Test | Questions with 100% Correct Answers | Latest Update | Verified
[Show more]WFG Certification Test | Questions with 100% Correct Answers | Latest Update | Verified
[Show more]What is meant by referring to an insurance policy as a unilateral contract? - Only one party makes a 
legally enforceable promise 
when must insurance records of insurance agents and brokers be made available to the Insurance 
Commissioner? - At all time 
Any situation that presents that possibility...
Preview 3 out of 27 pages
Add to cartWhat is meant by referring to an insurance policy as a unilateral contract? - Only one party makes a 
legally enforceable promise 
when must insurance records of insurance agents and brokers be made available to the Insurance 
Commissioner? - At all time 
Any situation that presents that possibility...
John owns an insurance policy that gives him the right to share in the insurer's surplus. What kind of 
policy is this? 
-Non-participating 
-Contributory 
-Participating 
-Surplus - "Participating". 
Participating policies give the policyowner the right to 
share in the insurer's surplus. 
Whic...
Preview 4 out of 135 pages
Add to cartJohn owns an insurance policy that gives him the right to share in the insurer's surplus. What kind of 
policy is this? 
-Non-participating 
-Contributory 
-Participating 
-Surplus - "Participating". 
Participating policies give the policyowner the right to 
share in the insurer's surplus. 
Whic...
1. An insurer enters into a contract with a third party to insure itself against losses from insurance 
policies it issues. What is this agreement called? - Reinsurance 
An insurer owned by its policyholders is called a - Mutual insurer 
AAA insurance company has transferred a portion of it's loss ...
Preview 4 out of 31 pages
Add to cart1. An insurer enters into a contract with a third party to insure itself against losses from insurance 
policies it issues. What is this agreement called? - Reinsurance 
An insurer owned by its policyholders is called a - Mutual insurer 
AAA insurance company has transferred a portion of it's loss ...
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