Massachusetts Life Questions and Correct Answers | Latest Update
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Course
MASSACHUSETTS HEALTH & ACCIDENT INSURANCE
Institution
MASSACHUSETTS HEALTH & ACCIDENT INSURANCE
Accelerated Benefits
-:- Riders attached to life insurance policies that allow death benefits to
be used to cover nursing or convalescent home expenses.
Accidental Death Benefits
-:- A policy rider that states that the cause of death will be analyzed to
determine if it complies with the po...
✓ -:- The tendency of risks with higher probability of loss to purchase and
maintain insurance more often than the risks who present lower
probability.
Agency
✓ -:- An insurance sales office or company.
Agent
✓ -:- An individual who is licensed to sell, negotiate, or effect insurance
contracts on behalf of the insurer.
Agent's Authority
✓ -:- Special powers granted to an agent by his or her agency contract.
Aleatory
✓ -:- A contract in which participating parties exchange unequal amounts.
Insurance contracts are aleatory in that the amount the insured will pay
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