Aflac insurance Study guides, Class notes & Summaries

South Carolina Aflac Sales Insurance Exam

Accident Only coverage from Aflac may be appropriate for a customer because: - Benefits are designed to provide coverage throughout the different stages of care Benefits can complement coverage provided by primary major medical insurance Short-Term Disability coverage from Aflac may be appropriate for a customer because: - all of the above Accident Only coverage from Aflac is designed to provide: - Accidents only coverage for covered accidents Aflac's Accident Only coverage provides cove...

Aflac Insurance Exam Questions and Answers Making a statement that is false or maliciously critical of the financial condition of an insurer is known as - Answer️️ -defamation Which of the following statements regarding an examination of an insurer's books and records by the Commissioner is true? - An insurer has a right to delay an examination by the Commissioner for a period of not more than 15 days after notification -The insurer must not impede an examination and is required to a...

Aflac's Accident Only coverage includes coverage for accidents caused by or resulting from a covered person: - Breaking their arm after slipping on ice Accident Only coverage from Aflac may be appropriate for a customer because: - Benefits are designed to provide coverage throughout the different stages of care Benefits can complement coverage provided by primary major medical insurance Accident Only coverage from Aflac is designed to provide: - Accidents only coverage for covered acciden...

Aflac Insurance Licensing Test- Key Concepts Practice Study Guide Insurance is defined as... - Answer️️ -the transfer of PURE risk to the insurance company in consideration for a premium Pure risk is... - Answer️️ -the chance of loss without any possibility for gain Speculative risk is... - Answer️️ -the possibility for gain or loss and is not insurable Risk is defined as... - Answer️️ -the chance for loss An exposure is... - Answer️️ -a condition that could result i...

Exam 4 RMI 3567 Questions and Answers 100% Correct conventional insurance - Correct Answer ️️ -considered haram as it contractually contains haram elements: riba, gharar, maysir riba - Correct Answer ️️ -no equality between premiums paid and compensation received riba - Correct Answer ️️ -"interest" / usury gharar - Correct Answer ️️ -subject matter of the contract is not certain / uncertainty maysir - Correct Answer ️️ -Policyholders are held to be betting premiums ...

South Carolina Aflac Sales Insurance Exam

AFLAC UPDATED Exam Questions and CORRECT Answers Aflac's Understanding Insurance Fraud and Prohibited Practices guide includes _______________. - Ans Policy administration and claims administration prohibited practices Corrective actions and FAQs Fraud is an intentional act, omission or violation of trust designed to _____ others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain. - Ans Deceive Prohibited Practices include acts that _______ the procedure...

Ethics Aflac UPDATED Exam Questions and CORRECT Answers Aflac's Understanding Insurance Fraud and Prohibited Practices guide includes _______________. - Ans Policy administration and claims administration prohibited practices and Corrective actions and FAQs Fraud is an intentional act, omission or violation of trust designed to _____ others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain. - Ans deceive Prohibited Practices include acts that _______ t...

Examples of need-based selling are - ANS Asking your customer about their current insurance coverage. Using salary illustration to show the impact premium payments on take-home pay _________ is NOT a valid reason for replacing a policy. - ANS Declining health status Regarding suitability, you must ensure: - ANS The customer understands the impact of the premium on his or her paycheck or income. The customer believes the impact that the total Aflac premium ...