1 Exam (elaborations) VA State Life, Health and Annuities Exam Questions And All Correct Answers. 2 Exam (elaborations) Virginia Laws and Rules - Life Insurance Exam Questions And Solved Solutions. 3 Exam (elaborations) Virginia Health Insurance Test Questions And Answers All Verified. 4 Exam (e...
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Which of the following best describes the insurance concept of "exposure"? - Answer The possibility of damage or loss Strict liability: - Answer holds a person liable for his actions regardless of how much care he demonstrates. John has purchased a homeowners insurance policy with ...
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Add to cartWhich of the following best describes the insurance concept of "exposure"? - Answer The possibility of damage or loss Strict liability: - Answer holds a person liable for his actions regardless of how much care he demonstrates. John has purchased a homeowners insurance policy with ...
Insurance Commissioner: (Appointment & Duties) - Answer * Appointed by Governor for a 6-year term * Enforces Insurance Code Insurance Commissioner: (Powers) - Answer * Examine / investigate insurers and producers * Hold hearing - take depositions - compel witness to testify Insurance C...
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Add to cartInsurance Commissioner: (Appointment & Duties) - Answer * Appointed by Governor for a 6-year term * Enforces Insurance Code Insurance Commissioner: (Powers) - Answer * Examine / investigate insurers and producers * Hold hearing - take depositions - compel witness to testify Insurance C...
Length of Comissoner's Term - Answer 6 years Commissioner must conduct an examination of every insuerer at least once every - Answer 5 years Maximum fine for each unauthorized transaction of insurance - Answer $20,000 up to $___ civil penalty for specific producer licensing viol...
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Add to cartLength of Comissoner's Term - Answer 6 years Commissioner must conduct an examination of every insuerer at least once every - Answer 5 years Maximum fine for each unauthorized transaction of insurance - Answer $20,000 up to $___ civil penalty for specific producer licensing viol...
A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: - Answer Risk retention group Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? - Answer 1970-Fai...
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Add to cartA group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: - Answer Risk retention group Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? - Answer 1970-Fai...
Which of the following is an example of the insured's consideration? - Answer A paid premium Insurable interest does NOT occur in which of the following relationships? - Answer Business owner and business client _______ is NOT an element of a valid contract. - Answer Countersignatu...
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Add to cartWhich of the following is an example of the insured's consideration? - Answer A paid premium Insurable interest does NOT occur in which of the following relationships? - Answer Business owner and business client _______ is NOT an element of a valid contract. - Answer Countersignatu...
Absolute - Answer An assignment that occurs when the policy owner assigns all rights including cash values to another person or entity. Synonymous with voluntary assignment. Absolute Value - Answer A medical expense plan that pays a fixed maximum dollar amount for a procedure. Accelerate...
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Add to cartAbsolute - Answer An assignment that occurs when the policy owner assigns all rights including cash values to another person or entity. Synonymous with voluntary assignment. Absolute Value - Answer A medical expense plan that pays a fixed maximum dollar amount for a procedure. Accelerate...
An agent does NOT need to notify the Bureau of Insurance of a? a) change of address; b) name change; c) change in financial status; or d) felony conviction - Answer change in financial status Which of these is NOT considered advertising? A policy illustration, An AM Best company rating, A dire...
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Add to cartAn agent does NOT need to notify the Bureau of Insurance of a? a) change of address; b) name change; c) change in financial status; or d) felony conviction - Answer change in financial status Which of these is NOT considered advertising? A policy illustration, An AM Best company rating, A dire...
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