Utah insurance - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Utah insurance? On this page you'll find 271 study documents about Utah insurance.
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UNIVERSITY OF UTAH LIFE INSURANCE EXAM 2024 -2025
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UNIVERSITY OF UTAH LIFE INSURANCE EXAM 
 
 
Minimum Age to receive a license - correct answer 18 
 
SEC - correct answer Securities Exchange Commission 
 
Children's Term Rider - correct answer -if attached to a life insurance policy, children can be covered under the policy until they reach the maximum age stated in the policy. At that point, they can convert their covered to a new policy without issuing a proof of insurabliity. 
 
Which of the following statements is TRUE concerning irrevoc...
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Utah Real Estate Exam full questions and answers solution
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Utah Real Estate Exam full questions and answers solution 
Dennis and Sarah are the listing agent and principal broker for a Utah transaction scheduled for settlement next week. Which closing document tells the title insurance company the commission amounts they'll each receive when the sale closes? 
a. Closing Disclosure b. Closing instructions c. Closing statement 
d. Loan Estimate - Closing instructions
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UNIVERSITY OF UTAH LIFE INSURANCE EXAM 2024
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UNIVERSITY OF UTAH LIFE INSURANCE EXAM 2024 
 
 
Which of the following is NOT true about social insurances? 
A Partioipation Is mandatory and automatic for all elipible citizens 
B Social insurance provides equal benefits to all citizens that contribute 
C The government, as an insurance provider, has a clear and strong monopoly 
D Benefits are prescribed by law any changes to the benefit structure and provisions are made by changes in the law - correct answer B Social insurance provides ...
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Utah Life Insurance Test Questions and Answers Already Passed
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Utah Life Insurance Test Questions and 
 
Answers Already Passed 
 
Minimum Age to receive a license 18 
 
Continuing Education Hours 24 Hours every 2 years (3 Hours must be in ethics) 
 
Insurer must respond to claimant communications within how many days? 15 days 
 
Commissioner Powers and duties include: Imposing penalties, including fines, suspensions, 
and revocations. 
All insurance forms (riders, policies, applications, endorsements, and contracts) must be filed 
and approved by the Commi...
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Utah Property and Casualty Insurance Latest Version Graded A+
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Utah Property and Casualty Insurance 
 
Latest Version Graded A+ 
 
Absolute Liability Liability that arises from an extremely dangerous situation. Absolute 
liability is often found in cases involving explosives. Also known as "strict" liability. For ex you 
are absolutely liable if you keep a wild animal as a pet. 
 
Accident A sudden and unexpected event, occurring at a specific time and place. 
 
Actual Cash Value (ACV) The cost to replace an item of property at the time of loss, less an 
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Utah Health Insurance Exam Study Guide.
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Utah Health Insurance Exam Study Guide. 
Insurance - answerTransfer of risk. 
Types of risk - answerPure and Speculative 
Pure Risk - answerA chance of loss or no loss, but no chance of gain. The ONLY type of 
insurable risk. 
Speculative Risk - answerChance of loss or gain. CANNOT be insured. (Example: Buying 
stock in the stock market) 
Types of Hazards - answerPhysical, Moral and Morale 
Physical Hazard - answerA physical condition that increases the chance of loss. 
Moral Hazard - answerDish...
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Utah Property and Casualty Insurance Test Question Notes With Correct Answers
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What is a peril? - Answer A Peril is a cause of loss 
 
What is a hazard? - Answer Something that increases the chance of a loss 
 
What is the difference between a Moral hazard and a Morale Hazard? - Answer Moral Hazard - dishonesty, against the law 
Morale Hazard - carelessness 
 
What is the method of handling risk that involves a deductible? - Answer Retention (loss or portion of loss) 
 
If a fire causes damage to a building, what is the fire considered? - Answer A Peril 
 
What are the ele...
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Escrow Sample Test Questions and Answers Rated A
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Escrow Sample Test Questions and Answers Rated A 
An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. A, B, C, E 
When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only when the written instructions require recording...
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Utah Property and Casualty Insurance Exam Questions With 100% Verified Answers.
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Utah Property and Casualty Insurance Exam 
Questions With 100% Verified Answers. 
Abandonment - answerThe abdication of insured property into the hands of another, or into the 
possession of no one in particular. 
Absolute Liability - answerA type of liability that occurs due to extremely dangerous 
operations, such as the use of explosives or working at extreme heights. 
Accident - answerAn unplanned, unforeseen event which occurs suddenly and at a specific 
place. 
Actual Cash Value (ACV) - an...
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Utah Life, Health, and Accident Insurance Latest 2024 Graded A+
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Utah Life, Health, and Accident 
Insurance Latest 2024 Graded A+ 
 
mode Refers to how often a premium is paid. 
 
coinsurance the insurer and the insured share expenses over the deductible. 
 
participating policies participating policies pay dividends 
 
non-participating policies non-participating policies do not pay dividends 
 
LTC Rider reimburses Health and Social Service expenses incurred in a convalscent or 
nursing home facility 
 
ownership rights vest ownership rights EG the right to...
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