Alabama Life Exam 2024 Expected Questions and Answers (Verified by Expert)
8 views 0 purchase
Course
Alabama Life & Health Insurance
Institution
Alabama Life & Health Insurance
Alabama Life Exam 2024 Expected Questions and Answers (Verified by Expert)
Alabama Life Exam 2024 Expected Questions and Answers (Verified by Expert)
Alabama Life Exam 2024 Expected Questions and Answers (Verified by Expert)
Alabama Life and Health Insurance Exam.pdf file:///C:/Users/Admin/Downloads/Alabama%20Life%20and%20He
Alabama Life & Health Insurance Exam
Set 1
1. what law protects consumers from the circulation of inaccurate or obsoleteinformation ANS
The Fair Credit Reporting Act
2. Insurers are classified according to their domicile. What are the 3 types ofinsurers ANS
domestic, foreign, and alien
3. what type of insurer is a voluntarily formed organization that provides religious
organizations with a representative form of government ANS Fraternalinsurer
4. the type of insurance company organized to return any surplus money toits
policyholders is known as what ANS mutual company
5. when agents act within the scope of their contract, their actions will beassumed to be
the actions of whom ANS Insurer
6. what is the name of the process that insurance companies use to determineif an applicant
is insurable ANS underwriting
7. if an insurer needs to obtain information about the applicant from investiga-tors, what is
1/3
1 of 6 9/10/2024, 10:13
,Alabama Life and Health Insurance Exam.pdf file:///C:/Users/Admin/Downloads/Alabama%20Life%20and%20He
the insurer required to do ANS provide the aplicant with a Disclosure Authorization Notice
8. what type of insurer is formed under the laws of another country ANS Alien
9. when risks with higher probability of loss are seeking insurance more oftenthan other risks,
is known as what ANS adverse selection
10. when does an insurance policy go into effect ANS when to policy is deliveredand the
premium is paid.
11. according to the Law of Agency, a principal is represented by whom ANS anagent or
producer
12. what type of risk is insurable ANS pure
13. who owns stock companies ANS stockholders
14. what entities make up the Medical Information Bureau ANS Insurers
15. when a change needs to be made on the application for insurance, which is the best
method for correcting the information ANS complete a new applicationof ask the applicant
to initial the correction on the original application
16. in order to transact insurance within a given sate, an alien insurer mustfirst obtain
what ANS Certificate of Authority
2/3
2 of 6 9/10/2024, 10:13
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LectHumphrey. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
