A domestic mutual insurer - Study guides, Class notes & Summaries

NEBRASKA CROP INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS Mutual - Precise Answer A ________ insurance company is owned by its policyholders. Reinsurance - Precise Answer If an insurance company wants to transfer all or part of the risk it has accepted, it would buy which of the following types of insurance? Domestic Insurer - Precise Answer An insurer organized under the laws of this state, whether or not it is admitted to do business in this state. Foreign Insurer - Pre...

PRIMERICA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS 2024/2025 An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - CORRECT ANSWER-A. mutual funds not paid out after paying claims and other operating c...

XCEL INSURANCE LICENSING EXAM 200 QUESTIONS AND VERIFIED ANSWERS . In a reinsurance agreement, the insurance company that transfers its loss exposure to another insurer is called the primary insurer. An insurer owned by its policyholders is called a A) stock insurer B) reinsurer C) mutual insurer D) multi-line insurer - ANSWERC) Mutual insurer The correct answer is "mutual insurer". A mutual insurer is owned by its policyholders. A participating company is also referred to as wh...

An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock A. mutual funds not paid out after paying claims and other operating costs are returned to the policy owners in the form of a dividend. if all funds are paid o...

NJ Title Insurance Exam 2022 Reloaded Questions And Answers. In 1869 in Paul vs Virginia case the the US Supreme Court ruled that insurance? Was not interstate Commerce. In 1944, in the South-Eastern Underwritters Association (SEUA) case, the U.S. Supreme Court ruled that insurance? Was interstate commerce and was subject to Federal regulation. The McCarran-Ferguson Act of 1945 states that individual states are subject to the authority of the? Federal Government Activities performed to ...

Virginia Life Insurance and Annuities Questions and Answers Rated A+ Methods of Handling Risk (STARR) 1. Sharing (each member of group pays portion of loss) 2. Transfer (spreading risk among customers) 3. Avoidance (not engaging in certain activity) 4. Reduction (lessening chance) 5. Retention (indiv pays for loss) Elements of Insurable Risk (CANHAM) 1. Calculable (based on prior loss stats) 2. Affordable (for avg consumer) 3. Non-catastrophic (no widespread loss events) 4. Homogen...

PA Life Insurance Exam – Latest 2024 Graded A+ Risk Uncertainty or chance of loss. When you buy or purchase insurance, you transfer the risk of Financial Liability to the Insurer (Risk Transferred). Self Insured You are considered to be Self-Insured if you do not purchase insurance. Risk Retention Not transferring the risk to the insurer. If you are Self Insured, then you are practicing Risk Retention. Pure Risk Chance of LOSS with NO chance of gain. Insurance is based upon th...

PRIMERICA LIFE INSURANCE EXAM WITH 100% CORRECT ANSWERS 2024 An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - ANSWERS A. mutual funds not paid out after paying claims and other operating costs are retur...

California Life Insurance State Exam Simulator Questions and Answers 100% Pass Exclusion ratio - Correct Answer ️️ -An annuitant would life to determine the amount of an annuity distribution that is exempt from taxation. What is used to calculate this? Mortality rate, Exclusion ratio, Morbidity rate, Debt-to-Equity ration Offers a maximum interest rate that increases annually - Correct Answer ️️ -Which of the following is NOT a feature of equity-indexed annuities? Offers long t...

PRIMERICA LIFE INSURANCE EXAM An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - A. mutual funds not paid out after paying claims and other operating costs are returned to the policy owners in the form o...