Simulated exam - Study guides, Class notes & Summaries

Examfx Life Simulated Exam A business owner was trying to obtain a bank loan to fund the purchase of a new business facility, but the bank required proof of additional assets to secure the loan. The business owner then decided to use her $250,000 life insurance policy to secure the loan. Which provision makes this possible? - Collateral Assignment Which of the following would be considered a nonmedical insurance application? - An application on which the medical information is complete...

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) describes internal control as consisting of five essential components, one of which is risk assessment. This component considers management's efforts to identify and analyze risks relevant to achieving predetermined objectives. One of the strategic objectives for Cromley Insurance Group is customer satisfaction. Which one of the following is a critical success factor (CSF) that would help refine this strategic objecti...

NUR 202 ExamFX Pennsylvania life and health ExamFX simulated Exam Questions and Answers. 1. An employee becomes insured under a PPO plan provided by his employer. If the insured decides to go to a physician who is not a PPO provider, which of the following will happen? ANS: The PPO will pay reduced benefits 2. Insurers may change which of the following on a guaranteed renewable health insurance policy? ANS: Rates by class 3. If a business wants to buy a disability income policy on a key em...

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AIC 302 SIMULATED EXAM QUESTIONS AND ANSWERS 100% PASS Conor is handling an auto claim involving the death of a minor child in a state that recognizes the intrinsic value of children. Conor's proposed settlement amount will include - Correct Answer ️️ -A calculated value of the child's future services to the parents. A calculated value of the child's future services to the parents. Intrinsic value of children is the assumption that parents invest in children knowing that they will ...

Exclusive agency is contracted to sell insurance for one insurer or group of insurers ️ The difference between an independent agency and an exclusive agency is that an Insurance shortages ️ Destructive competition in the insurance industry could result in Veronica directly contacts Maria for guidance on how to report a stolen car, Maria provides that, and claims rep Sean takes over after an introduction from Maria ️ Maria is a new producer who wears many hats when forming relations...