Ca insurance exam - Study guides, Class notes & Summaries

CA Insurance Exam solved 2024

Insurance A contract in which one party agrees to indemnify the insured party against loss, damage or liability from an unknown event. Insurance transfers The reduction, decrease, or disappearance of value of the person or property insured in a policy, caused by a named peril. Risk The uncertainty or chance of a loss occurring. Pure risk Situations that can only result in a loss or no change Speculative risk The opportunity for either loss loss or gain. Hazards Conditions or situations th...

CA Life and Health Exam Questions and Answers Already Passed What is insurance? Insurance is the legal contract where two parties agree that if something will happen, a value will be exchanged. What's the difference between pure risk and speculative risk? Pure risk is when you'll lose it all or there will be no change. Speculative risk you can either win or lose. What is peril? peril is the causes of loss insured against in an insurance policy What is hazard? conditions that increase the pr...

What is it called when a doctor accepts the medicare approved amount? - Answer- Assignment Which is not included on an insurance premium? Number of beneficiaries, mortality cost, insurers expenses, investment return - Answer- number of beneficiaries What type of insurance covers acute care? - Answer- medical insurance Who is eligible for tax-sheltered annuities? - Answer- non-profit, teachers, religious people, etc. What's the minimum number of members required for group insurance i...

CA Insurance Exam

CA Life Insurance Practice Exam Questions with 100% Correct Answers | Latest Version 2024/2025 | Expert Verified | Ace the Test

CA Life Insurance Exam Questions with 100% Correct Answers | Latest Version 2024/2025 | Expert Verified | Ace the Test

Notary Public 2023 EXAM QUESTIONS AND ANSWERS An employer requests a copy of journal. How should notary respond? - CORRECT ANSWERS Notary must either make copies or superivse the entire copying process. All notary journal entries must include - CORRECT ANSWERS 1. date of notarization 2. time of notarization 3. type of notary performed 4. title of doc notarized 5. information regarding the ID of signer 6. signature of signer 7. right thumbp...

CA Life Insurance Practice Exam Questions with 100% Correct Answers | Verified | Latest Update

CA Property and Casualty Insurance Practice Exam Questions with 100% Correct Answers | Updated & Verified