Alabama hea - Study guides, Class notes & Summaries

Alabama Health Insurance Exam

Alabama Health and Life Ins Exam

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 premium...

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

Pure - ANSWERSInsurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - ANSWERSThe chance of loss without any chance of gain is called ___________ Speculative Risk - ANSWERShas the possibility for gain or loss and is not insurable. Risk - ANSWERSis defined as the chance of loss. Exposure - ANSWERSA condition that could result in a loss is known as Hazard - ANSWERSis 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 premium"...

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

Alabama Health Insurance Exam Questions & 100% Correct Answers Alabama Health Insurance Exam Questions & 100% Correct Answers Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. - ANSWER - Pure The chance of loss without any chance of gain is called ___________ - ANSWER - Pure Risk has the possibility for gain or loss and is not insurable. - ANSWER - Speculative Risk is defined as the chance of loss. - ANSWER - Risk ...

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 premium"...

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 the ...