Indemnity - Study guides, Class notes & Summaries

Well-structured LML4805 Assignment 1 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED (DETAILED ANSWERS - DISTINCTION GUARANTEED!). 1. English law of insurance remains an important authoritative source of South African insurance law”. Comment on the correctness of this statement and support your answer with reference to relevant case law. (5) 2. Briefly distinguish between indemnity and non-indemnity insurance and explain why it is necessary to distinguish between the two. (5)

This document contains workings, explanations and solutions to the LML4805 Assignment 1 (QUALITY ANSWERS) Semester 1 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4...... 1. English law of insurance remains an important authoritative source of South African insurance law”. Comment on the correctness of this statement and support your answer with reference to relevant case law. (5) 2. Briefly distinguish between indemnity and non-indemnity insurance and explain why it is necessary to...

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...

CIC Commercial Multiline Exam Identify and describe the three primary purposes of excess liability/umbrella policies (LO1) - ANSWER 1. Provide additional limits that are excess over underlying limits of insurance 2. Provide primary coverage when underlying poliy does not respond beacuse its aggregate limits of insruance are exhausted. 3. Provide broader coverage than the exsiting underlying insurance excess liability coverage forms and commercial umbrella liability policy - ANSWER 1...

NC Life Insurance Practice Exam Questions and Answers Already Passed All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing North Carolina insurance laws. d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforcing the law is. c) Writing North Carolina ins...

LML4805 Assignment 1 (COMPLETE ANSWERS) Semester % TRUSTED workings, explanations and solutions. for assistance Whats-App 0.6.7..1.7.1..1.7.3.9 ......................................... 1. English law of insurance remains an important authoritative source of South African insurance law”. Comment on the correctness of this statement and support your answer with reference to relevant case law. (5) 2. Briefly distinguish between indemnity and non-indemnity insurance and explain why it is neces...

MD Accident, Health & Life Producer Questions and Answers 100% Solved An Alien Insurance company soliciting insurance in this state would accurately be described by which of the following? A. It must possess a Certificate of Authority from the NAIC, and it is organized under the laws of another country B. It must possess a Certificate of Authority from this state, and it is organized under the laws of another country C. It is organized under the laws of this state, and holds a Certificate of...

Which of the following statements is not correct regarding qualifications for an adjuster's license? - An attorney who adjusts losses from time to time is considered an adjuster. An unauthorized insurance company may also be referred to as a - Surplus lines insurer Which of the following statements is not correct regarding surplus lines insurance? - The surplus lines insurance must be procured at a rate that is lower than the prevailing rate for the same type of coverage A surplus lines b...

NJ Life Producer Exam Questions and Answers Graded A+ Under a Traditional IRA, interest earned is taxed upon distribution Which of these statements regarding the annuitants is CORRECT? The annuitant's life expectancy determines the annuity payment What will the beneficiary receive is annuitant dies during the accumulation period? The greater the accumulated cash value or the total premium paid Which of the following actions is REQUIRED by an agent who is replacing an existing l...

The Difference Between a Guarantee and an Indemnity