False pretenses - Study guides, Class notes & Summaries

Florida Health 240 Insurance Latest 2024 Already Passed Rules of Construction Help to identify and establish the intent of the parties to the contract Utmost good faith Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract A contract under which one party's performance is contingent on an uncertain event. property and casualty agent...

Life & Health Insurance Exam 2024 (Arkansas) Questions & Answers 100% Accurate Reserves - ANSWER Funds held by the company to fullfull future claims. Funds are set by the state department of insurance. Multi-line Insurer - ANSWER An insurance company selling more than one line of insurance. (Ex. Home, auto, health, etc) Stock Companies - ANSWER Owned and controlled by stockholders, whose investment set the safety margin. Guaranteed fixed premiums. Nonparticipating policies. nonpart...

PA Motor Vehicle Damage Appraiser's License Questions and Answers 2023 Applicant Age 18 years or older How long do you have to wait to be eligible to retake an examination if you fail? 30 days The Commissioner will prescribe the form of the appraiser's license and it will contain: Name of the appraiser Address of the appraiser's place of business Date of issuance and expiration date of license Any other information which the commissioner determines is necessary Exp...

Life Insurance Test WA State (And General Insurance Review) Questions and Answers Graded A+ When does insured need an insurable interest? when they buy insurance(not like property casualty where have to have at time of claim and not necessarily when buying) when is subrogation used? not in life and seldom in health elimination period what acts as the deductible in health insurance(the term deductible is not used in disibility insurance) - have to actually be disabled for a certian ...

NC Life Insurance Practice Exam Questions with 100% Current Answers A college student will graduate next year. His studies have limited his ability to work, so he has borrowed funds to pay for his education. He would like to start a permanent life insurance program that would cover his debt and still be affordable during the period he is establishing his earning potential. An appropriate policy would be a). Level Term to age 65 b). Single Premium Whole Life c). Modified Whole Lif...

Why are dividends from a mutual insurer not subject to taxation? because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called reinsurance A nonparticipating company is sometimes called a(n) stock insurer What is considered to be the primary reason for buying life insurance? provide death benefits A(n) _____ company is owned by its shareholders stock A plan in which an employer pays insurance ...

WI Life Insurance Exam Questions and Answers Already Passed A person who knowingly obtains information on a consumer from a consumer reporting agency under false pretenses may be imprisoned for up to how many years? 2 years which of the following falls under an agent's fiduciary responsibilities? submitting premiums to the insurer The point at which an insurer issues a policy is known as Acceptance Which of the following would be considered a peril? Fire Which of the followi...

Larceny - Take property that does not belong to you a) by trespassory taking, trick, embezzlement, by false pretenses b) by acquiring lost property c) by issuing a bad check d) by false promise e) by extortion Petit larceny - Commits larceny valued less than or equal to $1,000 Class A Misdemeanor Culpability: intentionally Grand Larceny 4th - Commits a larceny of R-religious article value greater or equal to $100 A-amount greater than $1,000 C-credit or debit card E-extortion (any b...

Test Bank for Fraud Examination, 7th Edition by W. Steve Albrecht | All Chapters Included. Chapter 01 - The Nature of Fraud Page 1 1. One way that criminal law differs from civil law is that it: a. provides remedies for violations of private rights. b. must yield a unanimous verdict. c. can have a jury of fewer than 12 persons. d. allows for various claims in one action. ANSWER: b FEEDBACK: a. Incorrect. The requirement to provide remedies for violations of private rights is a characte...

Rules of Construction - Help to identify and establish the intent of the parties to the contract Utmost good faith - Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract - A contract under which one party's performance is contingent on an uncertain event. property and casualty agent - has the power to bind the insurer Adhesion ...