Advance premium - Study guides, Class notes & Summaries

Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A An insurer decides to renew a policy but at a higher premium rate, starting on the renewal date. How many days in advance must the insured be notified? a) 30 b) 60 c) 90 d) 100 - -b How is the Commissioner of Insurance placed in office? a)By NAIC nomination b)Through a bid process c)An election at the same time that other state officials are selected d)An appointment by the Governor - -d An ins...

Insurance (General concept) - ANSWER - transfers the risk of loss from an individual to an insurer - based on the principle of indemnity - based on the principle of risk (risk pooling) insurable interest (General Concept) - ANSWER - must exist at the time of the application - insuring one's own life, family member, or a business partner Solicitation and sales presentation - ANSWER - illustration- presentation of nonguaranteed elements - buyer's guide is generic information abo...

Texas Property and Casualty Exam Questions and Answers Verified 100% ____ is uncertainty of loss - risk ____ is a transfer of risk from the insured to the insurer - insurance ____ risk means there is no chance of gain. It is insurable. - pure ____ risk means there is a chance of a loss or a gain. It is not insurable. - speculative a ____ is something that increases the risk. - hazard the principle of _____ governs property and casualty policies. It states that the purpose of th...

Which of the following Medicare policies determines if a particular item or service is covered by Medicare? - CORRECT ANSWER National Coverage Determination (NCD) A patient's employer has not submitted a premium payment. Which of the following claim statuses should the provider receive from the third-party payer? - CORRECT ANSWER Denied A billing and coding specialist should routinely analyze which of the following to determine the number of outstanding claims? - CORRECT ANSWER Agin...

Primerica - Exam test Questions With 100% Correct Answers 2023 An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion - Correct answer-Adhesion An insurance policy that ...

Wisconsin Property and Casualty Insurance Exam Final Questions and Correct Solutions FAIR - CORRECT ANSWER-Fair Access to Insurance Requirements Elements of a Legal Contract. L. O. A. C. - CORRECT ANSWER-• Consideration • Legal Purpose • Offer • Acceptance • Competent Parties Consideration - CORRECT ANSWER-Money and statements made on application Legal Purpose - CORRECT ANSWER-Risk transfer doesn't violate the law Offer - CORRECT ANSWER-Insured submits application and fir...

GA Navigator Training Questions and Answers Already Passed What permits an individual to apply a credit toward monthly health insurance premiums--up to a maximum amount? Advance premium tax credit The ACA does not allow insurers to underwrite or rate health insurance based on which of the following factors? Gender What is the name of the ACA provision that requires all health plans to use a certain percentage of all premium dollars collected as payments on claims for health care c...

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions And Answers The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - ANS insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has been canceled in the middle of the term is called - ANS cancelable The renewabili...

The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - Answer-insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - Answer-cancelable The renewability provision in a cancelable policy allows the insurer to cancel or terminate the policy at...

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions with Verified Answers The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called cancelable The renewability provisi...