WISCONSIN ACCIDENT AND HEALTH INSURANCE EXAM 2024/2025
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Course
WISCONSIN ACCIDENT AND HEALTH INSURANCE
Institution
WISCONSIN ACCIDENT AND HEALTH INSURANCE
WISCONSIN ACCIDENT AND HEALTH INSURANCE EXAM 2024/2025
Dividends from a stock company are normally sent to:
Beneficiaries
Shareholders
Policy holders
Insureds - Precise Answer Shareholders
Which of the following financial products creates an instant estate, no matter when the date of d...
WISCONSIN ACCIDENT AND HEALTH
INSURANCE EXAM 2024/2025
,WISCONSIN ACCIDENT AND HEALTH
INSURANCE EXAM 2024/2025
Dividends from a stock company are normally sent to:
Beneficiaries
Shareholders
Policy holders
Insureds - Precise Answer ✔✔Shareholders
Which of the following financial products creates an instant estate, no
matter when the date of death?
Mutual funds
Life insurance
Certificate of deposit
Deferred annuity - Precise Answer ✔✔Life insurance
Which of the following outlines the authority given to the producer on
behalf of the insurer?
Rebating arrangement
Commingling contract
Controlled business clause
Producer contract - Precise Answer ✔✔Producer contract
,Dividends from a mutual insurance company are paid to whom?
Policyholders
Beneficiaries
Preferred stockholders
Stockholders - Precise Answer ✔✔Policyholders
A stock insurance company is owned by its
Officers
Board directors
Policyowners
Shareholders - Precise Answer ✔✔Policyowners
A reciprocal insurer typically has an administrator who manages the
premiums collected from the group's members. This administrator is
called a(n)
Reciprocal commissioner
Attorney general
Attorney-in-fact
Reciprocal - Precise Answer ✔✔Attorney-in-fact
which reinsurance contract between two insurers involves an automatic
sharing of the risks assumed?
Arbitrage reinsurance
Facultative reinsurance
A group-owned insurance company that is formed to assume and spread
the liability risks of its members is known as a
Risk retention group
Treaty insurer
Risk assumption group
Captive insurer - Precise Answer ✔✔Risk retention group
Which group is the Do not Registry designed to protect against?
Telemarketers
Charities
Political organizations
Relatives - Precise Answer ✔✔Telemarketers
who regulates an insurer's claim settlement practices?
National Association of Claim Adjusters
State attorney general
National Association of insurance Commissioners
State insurance departments - Precise Answer ✔✔State insurance
departments
Which of the following is Not an example of risk retention?
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