Alabama hea - Study guides, Class notes & Summaries

Peril Types associated with accident and health insurance - correct answer sickness accidental injury sickness - correct answer first deems itself when policy is in force accidental injury - correct answer Unforeseen and unintended injury that resulted from an accident rather than a sickness type of policies for health insurance - correct answer medical expenses loss of income due to disability dental expense long term care Aleatory Contract - correct answer The exchange of value...

Alabama Health Insurance Exam with correct answers

Pure Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk The chance of loss without any chance of gain is called ___________ Speculative Risk has the possibility for gain or loss and is not insurable. Risk is defined as the chance of loss. Exposure A condition that could result in a loss is known as Hazard is something that increases the chance of loss. Physical Hazard The ...

Alabama Health and Life Ins Exam

According to the Alabama Insurance Regulations, all of the following are included as advertisements except: - correct answer A birthday card sent to a policyowner by his or her agent According to the Alabama Insurance regulations, when using an illustration in the sale of a life insurance policy, an insurance producer may legally do what? - correct answer Use an illustration which has "non-guaranteed" elements According to the Optional Provision of a standard Health policy dealing with ...

According to the Alabama Insurance Regulations, all of the following are included as advertisements except: - Answer- A birthday card sent to a policyowner by his or her agent According to the Alabama Insurance regulations, when using an illustration in the sale of a life insurance policy, an insurance producer may legally do what? - Answer- Use an illustration which has "non-guaranteed" elements According to the Optional Provision of a standard Health policy dealing with the issue of ...

Alabama Health and Life Ins Exam with answers

Pure - ANSWER Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - ANSWER The chance of loss without any chance of gain is called ___________ Speculative Risk - ANSWER has the possibility for gain or loss and is not insurable. Risk - ANSWER is defined as the chance of loss. Exposure - ANSWER A condition that could result in a loss is known as Hazard - ANSWER is something that increases the chance of loss. ...

According to the Alabama Insurance Regulations, all of the following are included as advertisements except: A birthday card sent to a policyowner by his or her agent According to the Alabama Insurance regulations, when using an illustration in the sale of a life insurance policy, an insurance producer may legally do what? Use an illustration which has "non-guaranteed" elements According to the Optional Provision of a standard Health policy dealing with the issue of "unpaid p...

Pure - Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - The chance of loss without any chance of gain is called ___________ Speculative Risk - has the possibility for gain or loss and is not insurable. Risk - is defined as the chance of loss. Exposure - A condition that could result in a loss is known as Hazard - is something that increases the chance of loss. Physical Hazard - The presence of a _____________ ...