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MASSACHUSETTS LIFE EXAMS PACK | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
MASSACHUSETTS LIFE EXAMS PACK | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
[Show more]MASSACHUSETTS LIFE EXAMS PACK | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
[Show more]MASSACHUSETTS LIFE AND HEALTH 
INSURANCE EXAM | QUESTIONS & 
ANSWERS (VERIFIED) | LATEST 
UPDATE | GRADED A+ 
Insurance 
Correct Answer: Transfer of Risk 
Risk 
Correct Answer: Uncertainty/ Possibility of Loss 
Exposure 
Correct Answer: Risks for which the insurance company would be liable 
Peril...
Preview 4 out of 85 pages
Add to cartMASSACHUSETTS LIFE AND HEALTH 
INSURANCE EXAM | QUESTIONS & 
ANSWERS (VERIFIED) | LATEST 
UPDATE | GRADED A+ 
Insurance 
Correct Answer: Transfer of Risk 
Risk 
Correct Answer: Uncertainty/ Possibility of Loss 
Exposure 
Correct Answer: Risks for which the insurance company would be liable 
Peril...
An agent's authority to bind an insurer to an insurance contract may be granted in the 
Correct Answer: agent's contract and the insurance company's appointment 
Which of these is an accurate statement regarding the fixed period settlement option on 
a life insurance policy? 
Correct Answer: A p...
Preview 1 out of 2 pages
Add to cartAn agent's authority to bind an insurer to an insurance contract may be granted in the 
Correct Answer: agent's contract and the insurance company's appointment 
Which of these is an accurate statement regarding the fixed period settlement option on 
a life insurance policy? 
Correct Answer: A p...
Accelerated Benefits 
Correct Answer: Riders attached to life insurance policies that allow death benefits to 
be used to cover nursing or convalescent home expenses. 
Accidental Death Benefits 
Correct Answer: A policy rider that states that the cause of death will be analyzed to 
determine if it...
Preview 4 out of 36 pages
Add to cartAccelerated Benefits 
Correct Answer: Riders attached to life insurance policies that allow death benefits to 
be used to cover nursing or convalescent home expenses. 
Accidental Death Benefits 
Correct Answer: A policy rider that states that the cause of death will be analyzed to 
determine if it...
Insurance 
Correct Answer: Transfer of Risk 
Risk 
Correct Answer: Uncertainty/ Possibility of Loss 
Exposure 
Correct Answer: Risks for which the insurance company would be liable 
Peril 
Correct Answer: Cause of Loss 
Hazard 
Correct Answer: Something that causes an increase in the chance of loss ...
Preview 4 out of 85 pages
Add to cartInsurance 
Correct Answer: Transfer of Risk 
Risk 
Correct Answer: Uncertainty/ Possibility of Loss 
Exposure 
Correct Answer: Risks for which the insurance company would be liable 
Peril 
Correct Answer: Cause of Loss 
Hazard 
Correct Answer: Something that causes an increase in the chance of loss ...
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