Cpcu 553 test questions - Study guides, Class notes & Summaries

CPCU 553 Test Questions and Answers 3 determinants of life insurance that are decided by the insurer - Answer-1. mortality charges 2. expense charges 3. interest crediting rate /.a person designated in a life insurance policy to receive a death benefit is referred to as the - Answer-beneficiary /.A policyowner of a universal life insurance policy has flexibility with respect to - Answer-death benefits /.According to the Council for Disability Awareness, which one of the following...

CPCU 553 Test Questions with All Correct Answers "Due and confined to" - Answer-for Wear & Tear / Freezing / Breakdown / Road Damage. Will not covered damaged item, but may cover ensuring loss (fire, etc) /."Personal Injury Protection" - Answer-included on an auto policy with no-fault insurance. Covers victim on first party basis regardless of fault /.403(b) - Answer-tax-empt organizations; charitable, religious, scientific, educational; invest in tax shelter /.80% Replacement ...

CPCU 553 Test Questions with Correct Answers A flood hazard boundary map - Answer-identifies flood prone areas in the community. /.a party to a group life insurance contract... - Answer-EMPLOYER. Not employees/insureds - they receive certificates or insurance as evidence of their protection. /.Accelerated Death Benefits - Answer-in case of catastrophic or terminal illness, the insd may need to access life insurance benefits to finance medical expenses before death. /.Accumulation per...