Alabama hea - Study guides, Class notes & Summaries

According to the Alabama Insurance Regulations, all of the following are included as advertisements except: correct answersA birthday card sent to a policyowner by his or her agent According to the Alabama Insurance regulations, when using an illustration in the sale of a life insurance policy, an insurance producer may legally do what? correct answersUse an illustration which has "non-guaranteed" elements According to the Optional Provision of a standard Health policy dealing with the ...

According to the Alabama Insurance Regulations, all of the following are included as advertisements except: - Answer A birthday card sent to a policyowner by his or her agent According to the Alabama Insurance regulations, when using an illustration in the sale of a life insurance policy, an insurance producer may legally do what? - Answer Use an illustration which has "non-guaranteed" elements According to the Optional Provision of a standard Health policy dealing with the issue of "unp...

Alabama Health Insurance Exam | 247 Questions and Answers 100% Correct

Pure - Answer- Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - Answer- The chance of loss without any chance of gain is called ___________ Speculative Risk - Answer- has the possibility for gain or loss and is not insurable. Risk - Answer- is defined as the chance of loss. Exposure - Answer- A condition that could result in a loss is known as Hazard - Answer- is something that increases the chance of ...

Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. - correct answer Pure The chance of loss without any chance of gain is called ___________ - correct answer Pure Risk has the possibility for gain or loss and is not insurable. - correct answer Speculative Risk is defined as the chance of loss. - correct answer Risk A condition that could result in a loss is known as - correct answer Exposure is something that increa...

Alabama Health and Life Insurance Exam | 199 Questions and Answers with Complete Solutions

According to the Alabama Insurance Regulations, all of the following are included as advertisements except: - A birthday card sent to a policyowner by his or her agent According to the Alabama Insurance regulations, when using an illustration in the sale of a life insurance policy, an insurance producer may legally do what? - Use an illustration which has "non-guaranteed" elements According to the Optional Provision of a standard Health policy dealing with the issue of "unpaid premium...

Pure - Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - The chance of loss without any chance of gain is called ___________ Speculative Risk - has the possibility for gain or loss and is not insurable. Risk - is defined as the chance of loss. Exposure - A condition that could result in a loss is known as Hazard - is something that increases the chance of loss. Physical Hazard - The presence of a ___...

Alabama Health and Life Ins Exam

Pure - correct answer Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - correct answer The chance of loss without any chance of gain is called ___________ Speculative Risk - correct answer has the possibility for gain or loss and is not insurable. Risk - correct answer is defined as the chance of loss. Exposure - correct answer A condition that could result in a loss is known as Hazard - correct answer ...