Actuarial department Study guides, Class notes & Summaries
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Webce Life and Health
- Exam (elaborations) • 51 pages • 2024
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Webce Life and HealthRepresentations and Warranties - answer-Representations are statements the 
applicant makes on an application that are deemed to be true to the applicant's 
best knowledge. Warranties are statements the insurer makes in the contract. 
Underwriting vs. Actuarial Departments - answer-Two related insurance company 
functions. Through the process of _________, applications are assessed for 
insurability and to assign premium rates. The ________ department analyzes 
data to help...
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Webce Life and Health questions with answers graded A+
- Exam (elaborations) • 50 pages • 2024
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Webce Life and HealthRepresentations and Warranties - correct answer Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. 
 
Underwriting vs. Actuarial Departments - correct answer Two related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. The ________ department analyzes...
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WEBCE Life And Health UPDATED Test Questions And CORRECT Answers
- Exam (elaborations) • 50 pages • 2024
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Representations and Warranties Representations are statements the applicant makes on 
an application that are deemed to be true to the applicant's best knowledge. Warranties are 
statements the insurer makes in the contract. 
Underwriting vs. Actuarial Departments Two related insurance company functions. 
Through the process of _________, applications are assessed for insurability and to assign 
premium rates. The ________ department analyzes data to help estimate future losses and to 
pro...
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Life & Health Insurance Exam With Complete Solutions Graded A+
- Exam (elaborations) • 11 pages • 2024
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Life & Health Insurance Exam With Complete Solutions Graded A+ 
Actuarial Department 
calculates policy rates, reserves, and dividends 
 
 
Alien Insurer 
is an insurer whose principal office and domiciled location is outside US 
 
 
Admitted Insurer 
an admitted or authorized insurer is an insurer who has received a certification of authority from a state's department of insurance authorizing them to conduct insurance business in that state 
 
 
broker 
a broker represents themselves and the i...
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Webce Life and Health exam 2024 with 100% correct answers
- Exam (elaborations) • 50 pages • 2024
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Representations and Warranties correct answersRepresentations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. 
 
Underwriting vs. Actuarial Departments correct answersTwo related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. The ________ department analyzes data to help estimate fu...
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Texas Adjuster Exam Questions and Answers Already Passed
- Exam (elaborations) • 19 pages • 2024
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If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability 
coverage that would be paid in a covered loss where three people are involved. $30,000 
Which of the following statements best describes an inland marine policy? Pertains to Cargo 
with no fixed location 
Alex is traveling through College Station and hits a deer, and the damages are $1500. He has 
comprehensive coverage with a $500 deductible. What will you pay? $1000 
This department is responsible fo...
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Webce Life and Health Q&A
- Exam (elaborations) • 40 pages • 2023
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Representations and Warranties - Answer- Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. 
 
Underwriting vs. Actuarial Departments - Answer- Two related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. The ________ department analyzes data to help estimate future losse...
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CPCU 520 Practice Test Questions and Answers Rated A+
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Which one of the following functional areas of Keithly can assist Alex with this audit's 
irregularity? Special Investigation Unit 
Which one of the following best describes a FAIR plan and its insureds? State-run plans with 
cost spread among private insurers in the state 
Which one of the following departments provides information to the underwriting department to 
assist in selecting and rating risks? Risk control 
All corporations are obligated to promote the well-being of society. At the m...
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FLORIDA 2-20 EXAM | 837 TEST BANK ACTUAL QUESTIONS AND ANSWERS 100% CORRECT | LATEST UPDATE 2024 {WELL ILLUSTRATED}
- Exam (elaborations) • 201 pages • 2024
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FLORIDA 2-20 EXAM | 837 TEST BANK ACTUAL QUESTIONS AND ANSWERS 100% CORRECT | LATEST UPDATE 2024 {WELL ILLUSTRATED} 
1.If someone would suffer economic loss from damage to their property, they have: 
A: a subrogation right 
B: a proximate cause 
C: an insurable interest 
D: a contingent claim 
C: an insurable interest 
 
 
 
2. A convenience used to provide temporary insurance is called: 
A - Insurance 
B - binder 
C- property coverage 
D- liability coverage 
B - binder 
 
 
 
3. The failure of ...
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Property and Casualty Insurance Exam Verified Answers
- Exam (elaborations) • 38 pages • 2024
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Property and Casualty Insurance Exam Verified Answers 
4 elements of negligence 1. The existence of a DUTY to act in a certain way 
2. A FAILURE to live up to this duty 
3. An actual INJURY must occur 
4. The failure in duty must be the PROXIMATE CAUSE of the injury. 
5 Broad Categories of Exclusions -Non-Accidental losses -Losses Controllable by the Insured -Extra Hazardous Perils -Catastrophic Losses -Property Covered in other Policies 
Absolute Liability Imposed on defendants engaged in...
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