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Insurance license practice XCEL solutions Exam -1 basic principles Questions and Answers 2024 $14.49   Add to cart

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Insurance license practice XCEL solutions Exam -1 basic principles Questions and Answers 2024

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Insurance license practice XCEL solutions Exam -1 basic principles

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  • November 5, 2024
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Dreamer252
Insurance license practice XCEL
solutions Exam #1 basic principles

Question 1
Which of the following requires insures to disclose when an applicant's consumer of
credit history is being investigated? - answer1970 Fair credit reporting act

Question 2
The stated amount of percent of liquid assets that an insurer must have on hand that
will satisfy future obligations to its policyholders is called? - answer Reserves

Question 3
A group-owned insurance company that is found to assume and spread the liability risks
of its members is known as a? - answer Risk retention group

Question 4
A nonprofit incorporated society that does not have capital stock and operates for the
sole benefit of its members is known as? - answer A fraternal benefit society

Question 5
An insurance applicant MUST be informed of an investigation regarding his/her
reputation and character according to the? - answer Fair credit reporting act

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