Exclusions - Study guides, Class notes & Summaries

. Life Policy Riders, Provisions, Options and Exclusions UPDATED Actual Exam Questions and CORRECT Answers If a policy has an automatic premium loan provision, what happens if the insured dies before the loan is paid back? AThe policy beneficiary takes over the loan payments. BThe policy is rendered null and void. CThe balance of the loan will be taken out of the death benefit. DThe policy beneficiary receives the full death benefit. - CORRECT ANSWER- C.The balance of the loan will ...

3. Life Policy Riders, Provisions, Options and Exclusions Questions and Answers 2023 with complete solution

Adjuster Pro - Insurance adjuster test latest 2023 already passed What is insurance? protection against financial loss what is a premium a scheduled amount to be paid for an insurance policy. What are premiums used for premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Ind...

Cheat Sheet - Property & Casualty Exam Questions and Answers 100% Pass What are the forms of homeowner policies? - Correct Answer ️️ -HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of these forms provides identical liability coverage. The property coverage varies with the homeowners form selected. The following is a list of the forms with the covered perils of each. HO-2 - Correct Answer ️️ -Broad form; owner occupant HO-3 - Correct Answer ️️ -Special Form; owner occupant HO-4 - Co...

Test Bank for Fundamentals of Taxation 2023 Edition, 16th Edition 16e by Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler and Jinhee Trone. Full Chapters test bank included - all answers are given Chapter 1 - Introduction to Taxation, the Income Tax Formula, and Form 1040 Chapter 2 - Expanded Tax Formula, Form 1040, and Basic Concepts Chapter 3 - Gross Income: Inclusions and Exclusions Chapter 4 - Adjustments for Adjusted Gross Income Chapter 5 - Itemiz...

In a long-term care policy issued in Virginia, any provision limiting preexisting conditions may not exceed _____ months 6 months What is a universal life insurance policy? A flexible premium deposit fund and a monthly renewable term insurance policy How is an insured's accident and health claim handled by an insurer if it occurs during the policy's grace period? The unpaid premium may be subtracted from the reimbursement What must an agent do when replacing a long-term care policy with...

AIC 302 SIMULATED EXAM QUESTIONS AND ANSWERS 100% PASS Conor is handling an auto claim involving the death of a minor child in a state that recognizes the intrinsic value of children. Conor's proposed settlement amount will include - Correct Answer ️️ -A calculated value of the child's future services to the parents. A calculated value of the child's future services to the parents. Intrinsic value of children is the assumption that parents invest in children knowing that they will ...

The term "you" is used throughout the Commercial General Liability Coverage Form. "You" is defined to include: - ️️The named insured shown in the declarations. Smart Endeavors, a retail clothing store, hired ABC Contractors to install a new air conditioning system in one of its stores. ABC misrouted some wires during the installation process, which caused the wires to overheat and caused a fire. The air conditioning unit had to be rewired, which cost $1,000. Smart Endeavors' building...

CIP C12 - CH06 -Anatomy of a Property Policy_ Exclusions

What are collection agency fees based on? A percentage of dollars collected Self-funded benefit plans may choose to coordinate benefits using the gender rule or what other rule? Birthday In what type of payment methodology is a lump sum or bundled payment negotiated between the payer and some or all providers? Case rates What customer service improvements might improve the patient accounts department? Holding staff accountable for customer service during performance revi...