An insuran - Study guides, Class notes & Summaries

CPCU 500 (American Institutes Insurance CPCU 500) Questions & Ans.

A domestic insurance company: - is incorporated in the state within which it is located. It is considered foreign in all other states. A captive insurance company exists primarily to: - underwrite the risks of the parent owner. What agreement is for laying the legal framework of the insurance business? - Insurance agent partnership agreement True or False: An 'arrest' must be accompanied by physical restraint or handcuffs - False What process or procedure involves the determination of a ...

Michigan Insurance Test with correct solutions. c. Primarily describes the free-look period - correct answers.All of the following are functions of an insuring clause EXCEPT a. States the conditions under which the policy will pay b. Outlines the kind of benefits provided c. Primarily describes the free-look period d. Provides the policy's scope and limits of coverage b. Employer - correct answers.The policyholder for a group health benefit plan is considered to be the a. E...

Idaho Bail Bondsman Insurance License Exam | 107 Questions and Answers | Updated | Graded A+

Idaho Bail Bondsman Insurance License Exam Questions and answers

REAL Texas Adjuster Study Guide2023- 2024/ 367 QUESTIONS AND ANSWERS 1. perils: a cause of property losses under an insurance con- tract ex: windstorm, hurricane, explosion, collapse of build- ing, vandalism, accidental discharge, and theft

PAT SCANLAN INSURANCE TRAINING FINAL EXAM (QUESTIONS FROM HOMEWORK)

WebCE Test 1 Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? She must move to Pennsylvania. She must surrender her Ohio license. She must be sponsored by a producer licensed in Pennsylvania. She must show her Ohio license is in good standing. - answer-she must show her Ohio license is in good standing An annuity settlement option with a life contingency i...

IDAHO BAIL BONDSMAN INSURANCE LICENSE EXAM QUESTIONS &ANSWERS 100% CORRECT

The ceding company - ANSWER-Which is an insurance company that transfers risk to another company called? No capital stock - ANSWER-What is a trademark of a mutual insurer? A statement that is guaranteed to be true. - ANSWER-What is a warranty? An invitation to make an offer. - ANSWER-What is it called when an applicant submits an application to an insurer without an initial premium? A) An offer. B) An acceptance. C) The insured's consideration. D) An invitation to make an offer. Uni...