Exam (elaborations) My MPJE Maine Pharmacy Law Study Set 2 Exam (elaborations) Maine Property and Casualty Licensing Textbook 3 Exam (elaborations) Maine Property and Casualty Insurance Chapter Questions 4 Exam (elaborations) maine life insurance LAW

Solicitation and cost disclosure - answer--buyers guide -policy summary -policy illustrations Buyers guide - answer-contains information that helps applicant decide how much life insurance to buy Determine what type of policy is needed and compares the costs of similar policies Policy sum...

How much time does a person who was a party to a hearing have to appeal the order by the superintendent? - answer30 days As a prerequisite to maintaining a license, licensees must complete a continuing education requirement every: - answer2 years If jerry's insurance producer's license e...

Lapse - answer-policy termination due to nonpayment of premium Premium - answer-amount paid to the insurance company for the insurance policy "Insurance Transaction" (by email or other means) - answer-Solicitation Negotiations Sale Advising an individual concerning coverage or claims ...

Insurance - answer-the transfer of financial responsibility associated with a potential of a lost to an insurance company, which in turn spreads the costs of unexpected losses to many individuals. Indemnity - answer-A provision in an insurance policy that states an insured is permitted to collect...

What is insurance? - answer-The transfer of risk from an individual or business entity to an insurance company What is risk? - answer-The uncertainty or chance of a loss occurring; there are two types, pure risk and speculative risk What is peril? - answer-The causes of loss insured against in...

Superintendent of Insurance in Maine - answer-Eric Cioppa Superintendent of Insurance Definition and Broad Powers - answer-Head of the Bureau of Insurance, and has jurisdiction over all banking and insurance business in Maine. Appointed by the governor Remains in officer for 5 years, unless...