Insurers - Study guides, Class notes & Summaries

ARKANSAS LIFE INSURANCE EXAM QUESTIONS AND ANSWERS J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - ANS Twisting What is implied authority defined as? - ANS Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties A person who is a nonsmoker, average weight, excellent health would fall into what risk classification? - ANS ...

CA Life Insurance Exam Questions and Answers 100% Pass What is meant by referring to an insurance policy as a unilateral contract? Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? At all times. Any situation that presents the possibility of a loss is known as a loss exposure Which of the following information is not required to be communicated in a Life insurance contract? Personal ...

AIDA 181 (Latest 2023/ 2024 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A Q: Computer output simulating human reasoning best describes which one of the following? Select one: A. Artificial intelligence B. Chatbots C. Machine learning D. Deep learning Answer: A Q: Annette is a claims adjuster with Midwestern Insurance (MI). MI recently invested in and established robotic process automation (RPA) in many of its...

FLORIDA INSURANCE 2-14 EXAM TERMS QUESTIONS AND ANSWERS (100% SCORES) Insurance - CORRECT ANSWER-Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. Life Insurance - CORRECT ANSWER-Is based on actuarial or mathematical principles and guarantees a specified sum of money upon the death of the person who is insured. Annuities - CORRECT ANSWER-Provid...

UTAH HEALTH AND LIFE INSURANCE EXAM WITH 500 EXAM QUESTIONS AND 100% CORRECT VERIFIED ANSWERS/ UTAH HEALTH AND LIFE INSURANCE AGENT LICENSE EXAM (BRAND NEW!!) Which of the following is TRUE about the definition of "accident" in a Utah accident and health policy? - ANSWER-A policy is not allowed to use terms such as "external," "violent," "visible wounds," or similar The maximum benefits per person provided under Utah's NetCare Plan must be at least: - ANSWER-$250,000 annual l...

Capital budgeting - correct answerThe planning and managing of a corporation's long-term investments Capital structure - correct answerA corporation's mix of long-term debt and equity Fair value - correct answerThe market value, either actual or estimated, of an asset or a liability Sarbanes-Oxley Act of 2002 - correct answerA federal statutory law governing corporate directors in the areas of investor protection, internal controls, and penalties, both civil and criminal. Stakehold...

Louisiana Personal Lines Insurance Exam Already Graded A+ 104. Coverage for loss by some perils under a building and personal property form is suspended if (Choose from the following options) 1. An uninsured peril causes a partial loss. 2. The insured building is vacant for over 60 days. 3. A loss occurs while a hazard beyond the insured's control is increased. 4. The insured fails to satisfy the coinsurance provision ️2. The insured building is vacant for over 60 days 107. In...

AIC 300 - Claims in an Evolving World Questions and Answers Solved 100% Correct 2024 B. By certified mail with a return receipt requested. Some will also send a copy via regular mail in case the certified letter is not accepted. - Correct Answer Insurers usually send denial letters Select one: A. By email to ensure prompt receipt by the insured. B. By certified mail with a return receipt requested. C. By overnight courier. D. By registered mail. D. Subpoenaed. Any written claims c...

Washington State Surplus Exam Prep Questions And Answers Surplus Lines Insurance Insurance coverage provided by non-admitted insurers for risks that are not available in the admitted market due to their unique or high-risk nature. Admitted Insurer An insurance company that is licensed and regulated by the state, and its policies are protected by the state's guaranty fund. Non-admitted Insurer An insurance company that is not licensed in a particular state but is allowed to pro...

The initial amount of credit life insurance may NOT exceed A-The borrower's annual income. B-The amount to be repaid under the contract. C-An amount set by statute and adjusted regularly for inflation. D-The borrower's monthly income. - Answer B This state provided for a temporary license for all of the following EXCEPT A-A producer's time in the military service. B-A producer's retirement. C-The death of a producer. D-A producer's disability. - Answer B Agents who persuade insure...