An insured is - Study guides, Class notes & Summaries

WV State Life Insurance Exam Questions and Answers Already Passed A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: Risk retention group Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? 1970-Fair Credit Reporting Act Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six months. Q dies suddenly and the ben...

LML4805 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 - DUE 26 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9.....Question 1: Briefly set out the legal principles established or confirmed in Littlejohn v Norwich Union Fire Insurance Society 1905 TH 374 (2) in relation to insurable interest over property belonging to a spouse. Also provide a brief summary of the facts of the case. (5) Question 2: Lentumetse Padi takes out ...

Transferring the risk to an insurance company is known as what? - Answer- Insurance When the insured request to have the company change a condition or provision in an insurance policy the document attach to the policy is referred to as what? - Answer- Endorsement George and Sandy only home which was damaged by fire who has insurable interest - Answer- George and Sandy What is the most common loss settlement valuation in the property policies? - Answer- Actual cash value The insurance...

MAC3703 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (663679) - DUE 15 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9......... QUESTION 1 (20 MARKS) DNF Waste & Environmental Services (DNF) is an Environmental Management and Waste Management Services Company that was created in 2008. It is one of the leading waste and environmental management service providers in South Africa. DNF is a 100% Black woman owned business and is...

RRLLB81 ASSIGNMENT 02 SEMESTER 02 ANSWERS DUE 26 SEPTEMBER 2024 MERCANTILE LAW TOPIC 1: INSURANCE LAW LIABILITY INSURANCE IN SOUTH AFRICAN LAW AS A COMPLEX FORM OF INDEMNITY INSURANCE Background There are several classifications of insurance; the most common is the distinction between indemnity insurance (also referred to as non-life insurance) and non-indemnity insurance (also referred to as life insurance). With indemnity insurance, the insurer indemnifies the insured for loss or da...

Florida Insurance 20-44 Exam Study Questions and Answers 100% CorrectFlorida Insurance 20-44 Exam Study Questions and Answers 100% CorrectFlorida Insurance 20-44 Exam Study Questions and Answers 100% CorrectFlorida Insurance 20-44 Exam Study Questions and Answers 100% Correct insurance - ANSWER-________________ is a contract whereby one undertakes to indemnify another or pay or allow a specified amount or a determinable benefit upon determinable contingencies. casualty - ANSWER-_____________...

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 one of the following best explains why producers should be...

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...

MICHIGAN LIFE AND HEALTH FINAL EXAM / 80+ QUESTIONS AND CORRECT ANSWERS 2023/2024 / GRADED A+. Final Exam-Michigan Life and Health 1. What amount will be paid under a policy where the insured misstated his/her age?: an amount the premium would have purchased at the correct age 2. the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days: 30 days 3. which of these is considered to be a Living benefit option in a lif...

The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: Reserves An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the: Fair Credit Reporting Act A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: A fraternal benefit society What I the name...