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Wisconsin Accident and Health Insurance Exam Questions and Correct Answers | Latest Update $13.49   Add to cart

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Wisconsin Accident and Health Insurance Exam Questions and Correct Answers | Latest Update

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  • Wisconsin Accident And Health Insurance

Dividends from a stock company are normally sent to: Beneficiaries Shareholders Policy holders Insureds -:- 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 ...

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  • September 20, 2024
  • 109
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Wisconsin Accident and Health Insurance
  • Wisconsin Accident and Health Insurance
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2024 /2025 | © copyright | This work may not be copied for profit gain Excel!




Wisconsin Accident and Health Insurance
Exam Questions and Correct Answers | Latest
Update
Dividends from a stock company are normally sent to:


Beneficiaries


Shareholders


Policy holders


Insureds


✓ -:- 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


✓ -:- Life insurance




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,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!


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


✓ -:- Producer contract




Dividends from a mutual insurance company are paid to whom?


Policyholders


Beneficiaries


Preferred stockholders


Stockholders


✓ -:- Policyholders




A stock insurance company is owned by its


Officers


Board directors



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,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!


Policyowners


Shareholders


✓ -:- 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


✓ -:- Attorney-in-fact




which reinsurance contract between two insurers involves an automatic sharing of the risks

assumed?


Arbitrage reinsurance


Facultative reinsurance


Excess reinsurance


Treaty reinsurance



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, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!


✓ -:- Treaty 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


✓ -:- Risk retention group




Which group is the Do not Registry designed to protect against?


Telemarketers


Charities


Political organizations


Relatives


✓ -:- Telemarketers




who regulates an insurer's claim settlement practices?


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