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Webce Life and Health | Updated 2024 bundle
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[Show more]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 licensed ...
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Add to cartAbby 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 licensed ...
Ethics Final Exam 
Professional Ethics - answer-Acting in accord with standards of professional 
practice. Code live/work by, set up by professional standards. 
Morals - answer-Related to a professional's deeply held belief structure. "Big 
picture" principles that guide behavior. 
Values - answe...
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Add to cartEthics Final Exam 
Professional Ethics - answer-Acting in accord with standards of professional 
practice. Code live/work by, set up by professional standards. 
Morals - answer-Related to a professional's deeply held belief structure. "Big 
picture" principles that guide behavior. 
Values - answe...
Ethics For Insurance Professionals 
The practice of ethical decision-making is based on a person's assumptions 
about 
fair play and moral decency in all decisions-making situations. 
the treatment and rights of people and the treatment of property. 
the way an ideal, moral world might work if all ...
Preview 2 out of 7 pages
Add to cartEthics For Insurance Professionals 
The practice of ethical decision-making is based on a person's assumptions 
about 
fair play and moral decency in all decisions-making situations. 
the treatment and rights of people and the treatment of property. 
the way an ideal, moral world might work if all ...
Risk - answer-chance of loss 
Loss - answer-an unplanned reduction in economic value 
What risk is insurable? - answer-pure risk 
What are the two types of risk? - answer-pure risk and speculative risk 
Involves the possibility of a loss? - answer-pure risk 
Can result in either loss or gain? - answ...
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Add to cartRisk - answer-chance of loss 
Loss - answer-an unplanned reduction in economic value 
What risk is insurable? - answer-pure risk 
What are the two types of risk? - answer-pure risk and speculative risk 
Involves the possibility of a loss? - answer-pure risk 
Can result in either loss or gain? - answ...
The CA Insurance Code: - answer-Law that is passed by the state legislature 
The Insurance Commissioner - answer-Is elected by the public 
According to prop 103, the commissioner of insurance became an elected official. 
The commissioner may serve - answer-2 consecutive 4 year terms. 
If a vacancy s...
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Add to cartThe CA Insurance Code: - answer-Law that is passed by the state legislature 
The Insurance Commissioner - answer-Is elected by the public 
According to prop 103, the commissioner of insurance became an elected official. 
The commissioner may serve - answer-2 consecutive 4 year terms. 
If a vacancy s...
C - answer-A code of ethics: 
A) is a personal view of acceptable behavior. 
B) encompasses current "best practices." 
C) specifies a minimum level of acceptable conduct. 
A - answer-A professional code of conduct: 
A) can increase public trust in the profession. 
B) guarantees that members will a...
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Add to cartC - answer-A code of ethics: 
A) is a personal view of acceptable behavior. 
B) encompasses current "best practices." 
C) specifies a minimum level of acceptable conduct. 
A - answer-A professional code of conduct: 
A) can increase public trust in the profession. 
B) guarantees that members will a...
Risk - answer-Chance of loss 
5 Risk or Loss Factors - answer-1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard 
Insurance allows: - answer-Individual or group to transfer over to insurance 
company the risk of financial loss from a destructive event 
Fundamental purpose of insurance is: - answer-To in...
Preview 1 out of 3 pages
Add to cartRisk - answer-Chance of loss 
5 Risk or Loss Factors - answer-1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard 
Insurance allows: - answer-Individual or group to transfer over to insurance 
company the risk of financial loss from a destructive event 
Fundamental purpose of insurance is: - answer-To in...
ethics - answer-a code of behavior that is defined by the group to which an 
individual belongs. 
morals - answer-the personal principles upon which an individual bases his or 
her decisions about what is right and what is wrong 
virtue - answer-habit that inclines people to do what is acceptable 
v...
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Add to cartethics - answer-a code of behavior that is defined by the group to which an 
individual belongs. 
morals - answer-the personal principles upon which an individual bases his or 
her decisions about what is right and what is wrong 
virtue - answer-habit that inclines people to do what is acceptable 
v...
Risk - answer-Chance of loss 
Loss - answer-Unplanned reduction of economic value 
Peril - answer-cause of loss 
Hazard - answer-a condition that increases the chance of peril 
Risk Transfer - answer-buying insurance to shift the risk to insurance company 
Underwriting - answer-assessing applicant t...
Preview 2 out of 15 pages
Add to cartRisk - answer-Chance of loss 
Loss - answer-Unplanned reduction of economic value 
Peril - answer-cause of loss 
Hazard - answer-a condition that increases the chance of peril 
Risk Transfer - answer-buying insurance to shift the risk to insurance company 
Underwriting - answer-assessing applicant t...
Which one of the following statements is correct? 
Select one: - answer-A. Business ethics are critical when an organization is 
threatened or faces fundamental change. 
Which one of the following best distinguishes between morals and ethics? - 
answer-C. Morals provide a codified set of acceptable ...
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Add to cartWhich one of the following statements is correct? 
Select one: - answer-A. Business ethics are critical when an organization is 
threatened or faces fundamental change. 
Which one of the following best distinguishes between morals and ethics? - 
answer-C. Morals provide a codified set of acceptable ...
220 - Florida Statutes & Rules, 
Unauthorized Entities & Ethics Test 
Questions - Unit 17 
What are the limits on lines and products the Customer Representative may 
handle? - answer-A customer representative may handle insurance business the 
specific supervising insurance agent is appointed to han...
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Add to cart220 - Florida Statutes & Rules, 
Unauthorized Entities & Ethics Test 
Questions - Unit 17 
What are the limits on lines and products the Customer Representative may 
handle? - answer-A customer representative may handle insurance business the 
specific supervising insurance agent is appointed to han...
Representations and Warranties - answer-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. 
Underwriting vs. Actuarial Departments - answer-Two related insu...
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Add to cartRepresentations and Warranties - answer-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. 
Underwriting vs. Actuarial Departments - answer-Two related insu...
When did web ethics and Internet ethics become an important topic for 
businesses? - answer-When organizations began marketing, advertising and 
conducting business online 
Because our actions affect society, the government is involved in E issues 
through which of the following - answer-Legislation...
Preview 1 out of 3 pages
Add to cartWhen did web ethics and Internet ethics become an important topic for 
businesses? - answer-When organizations began marketing, advertising and 
conducting business online 
Because our actions affect society, the government is involved in E issues 
through which of the following - answer-Legislation...
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