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which 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 takes a second mortgage on his house and uses t...

On 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) all of the above - ️️C) The inability t...

All 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 retailers to purchase insurance for their employees Stan ...

In 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 contract to take a vacation. Carol is likely to encou...

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 must be sponsored by a producer licens...

Buying 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 probability that helps insurers estimate the statistical likelihood of mortality or morbidit...

Which medical plan covers doctor visits while the insured is in the hospital and physical therapy treatments following release from the hospital? limited medical policy basic hospital expense policy comprehensive major medical insurance supplementary major medical insurance - ️️comprehensi...

Rory's parents offered to buy him a new car to take to college, but Rory turned them down because he was afraid the car would be stolen or damaged if he parked it on campus. In deciding not to own a car, what risk management technique did Rory employ? - ️️risk avoidance Which of the followin...

Life and Health Insurance Exam Webce Risk - ️️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 company ...

1. Which of the following exempted insurance companies from federal antitrust legislation? - ️️the McCarran-Ferguson Act 2. Which of the following has primary responsibility for regulating the insurance industry? a. the states - ️️ Which statement about the NAIC is correct? - ️️T...