Underwriters - Study guides, Class notes & Summaries

AINS 102 (Latest 2024 / 2025 Update) Understanding Personal Insurance Exam | Questions and Verified Answers | 100% Correct | Grade A Question: For an agent, all of the following are advantages of cross-selling, EXCEPT: Select one: A. Ease of additional growth B. Increased profitability C. Improved customer retention D. Enhanced ability to compete strictly on price Answer: D Question: An insurance policy is an agreement between the insured and the insurer. Insureds purchase i...

NJ LIFE INSURANCE TEST EXAM 2024 WITH 100% ACCURATE ANSWERS The principle that insurance is not a transaction of commerce and so should be regulated by the states was established by the A. the McCarran-Ferguson Act. B. Public Act 15. C. Paul v. Virginia. D. U.S. v. South Eastern Underwriters Association - correct answer ANSWER HERE A. The McCarran-Ferguson Act A contract between two insurance companies that allows one company to transfer risk to a second company is known as ...

NEW YORK INDEPENDENT FIRE ADJUSTER EXAM SIMULATOR - SERIES 17-64 RATED A+ Mason has suffered a $42,000 loss to his commercial building due to fire. The building is covered under the Building & Personal Property coverage form and had been vacant for 74 days. The insurer would have paid the entire loss if the building had been occupied, but what will they pay because the insured building was considered vacant? $28,980. $42,000. $6,300. $35,700. For a loss that would otherwise be covered for th...

Which duty is not the responsibility of a level I Inspector? A) Handle citizen complaints related to fire and life safety. B) Perform plans reviews. C) Interpret and apply adopted codes and standards. D) Determine occupancy loads for single-use buildings. - correct answer-Perform plans reviews. Most of the consensus standards that relate to fire and life safety are developed by the following organizations except: ASTM International, National Fire Protection Assoc., American National S...

SIE Practice Exam Questions and Answers 100% Pass What advantages can investors gain by purchasing company shares? An increase in share value Receiving dividends from company profits What is the term for an offering where existing shareholders sell their shares to the public for the first time? A secondary offering Which of the following represents a debt security without collateral backing? Debenture Income bond What do we call mutual funds that are sold directly to i...

AINS 101 | 112 Questions with 100 % correct answers | Verified& Updated 2024 Graded A+ Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the - Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a...

AINS 101 | 112 Question and Answers 100% Solved Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the - Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a - Contract of adhesion Which on...

NFPA 10 Exam Prep (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Dry chemical stored pressure extinguishers: A.are recommended for complex buildings B.are recommended for small facilities C. should be replaced Answer: C should be replaced Q: The four elements that must be present for fire to exist include heat, oxygen, fuel, and a chemical reaction between the three. True/False Answer: True Q: The concept of fire prevention ...

AINS 101 | 112 Question with 100 % correct answers | Verified| Updated Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a Contract of a...

AU62 Course Exam Practice Questions and Answers All Correct Which one of the following provides the best example of a risk-control technique for financial and legal professionals? - Answer Retain and consult an attorney regularly concerning client relationships. Which one of the following characterizes the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010? - Answer Restructured financial regulation and passed authority for oversight to federal agencies An engineer and...