And even ins Study guides, Class notes & Summaries

NC State LIFE Insurance Exam Questions and Answers Already Graded A+ Insurable Interest Something of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation Wrong person takes medical examination/test in connection with application for insurance. *Can be contested beyond 2 year incontestable clause* Adhesion Ins. Co. designs original contract. Insured has little or no control of ...

NY General Adjuster Test (10-70) (2023/2024) Already Graded A 12/1 - even numbered yrs On what date does an adjuster's license need to be renewed? $1,000 What is the amount of bond that must be posted to obtain and adjuster's license? Not until hearing held When can the Superintendent of Insurance revoke an adjuster's license? a. anytime b. by sending a 30 day notice of the renovation c. not until a hearing is held d. When proof of offense has been received Example of unfair claim settlem...

The Standard Fire Policy -1st used in 1918 in NY -Provided homeowner & commercial property protection. -ACV valuation -Named peril policy -Only covered fire & lightening "165 Line" Policy The original Standard Fire Policy spent 165 lines explaining new insurance concepts that are still used today: -Concealment & misrepresentation -Property & perils excluded from coverage -Insurance cancellation due to an increase in hazards -Obligations to a mortgagee -Insured's duties in th...

NC State LIFE Insurance Exam Questions and Answers Already Graded A+ Insurable Interest Something of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation Wrong person takes medical examination/test in connection with application for insurance. *Can be contested beyond 2 year incontestable clause* Adhesion Ins. Co. designs original contract. Insured has little or no control of ...

NC State LIFE Insurance Exam Questions and Answers Already Graded A+ Insurable Interest Something of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation Wrong person takes medical examination/test in connection with application for insurance. *Can be contested beyond 2 year incontestable clause* Adhesion Ins. Co. designs original contract. Insured has little or no control of ...

NC State LIFE Insurance Exam Questions and Answers Already Graded A nsurable Interest - Answer ️️ -Something of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation - Answer ️️ -Wrong person takes medical examination/test in connection with application for insurance. **Can be contested beyond 2 year incontestable clause** Adhesion - Answer ️️ -Ins. Co. designs original con...

NC State LIFE Insurance Exam Questions and Answers Already Graded A+ Insurable Interest Something of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation Wrong person takes medical examination/test in connection with application for insurance. *Can be contested beyond 2 year incontestable clause* Adhesion Ins. Co. designs original contract. Insured has little or no control of ...

NC State LIFE Insurance Exam Questions and Answers Already Graded A+ Insurable Interest Something of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation Wrong person takes medical examination/test in connection with application for insurance. *Can be contested beyond 2 year incontestable clause* Adhesion Ins. Co. designs original contract. Insured has little or no control of ...

12/1 - even numbered yrs correct answersOn what date does an adjuster's license need to be renewed? $1,000 correct answersWhat is the amount of bond that must be posted to obtain and adjuster's license? Not until hearing held correct answersWhen can the Superintendent of Insurance revoke an adjuster's license? a. anytime b. by sending a 30 day notice of the renovation c. not until a hearing is held d. When proof of offense has been received Example of unfair claim settlement act cor...

NC State LIFE Insurance Exam Questions and Answers Already Graded A+ Insurable Interest Something of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation Wrong person takes medical examination/test in connection with application for insurance. *Can be contested beyond 2 year incontestable clause* Adhesion Ins. Co. designs original contract. Insured has little or no control of conten...