California insurance - Study guides, Class notes & Summaries

California Insurance Exam/ 516 Questions with Definitive Solutions. Terms like: Two methods of determining insurance need: - Answer: - Human Life Approach - Needs Approach Human Life Value Approach~ - Answer: - One of two ways of calculating insurance need. - By discounting estimated future income - Calculating the amount of life insurance a family will need based on the financial loss that they will suffer if the insured person were to pass away today - 10X salary - Based on age, g...

General California insurance Multiple Choice

California Insurance Exam Questions and Answers 100% Pass Two methods of determining insurance need: - Answer ️️ -- Human Life Approach - Needs Approach Human Life Value Approach~ - Answer ️️ -- One of two ways of calculating insurance need. - By discounting estimated future income - Calculating the amount of life insurance a family will need based on the financial loss that they will suffer if the insured person were to pass away today - 10X salary - Based on age, gender, plann...

California Insurance Exam Questions And Answers @ 2024...

California Insurance Adjuster License Test (2024) || All Questions & Answers (Graded A+) California Insurance Adjuster License Test (2024) || All Questions & Answers (Graded A+) While at work, Jamie often uses the company car to pick up supplies. What can cover Jamie if she gets into an accident in this car? - ANSWER - An Employee as Additional Insured endorsement on the company's business auto policy Which of these incidents is NOT an example of negligence on the part of the business? -...

Two methods of determining insurance need: - Answer-- Human Life Approach - Needs Approach Human Life Value Approach~ - Answer-- One of two ways of calculating insurance need. - By discounting estimated future income - Calculating the amount of life insurance a family will need based on the financial loss that they will suffer if the insured person were to pass away today - 10X salary - Based on age, gender, planned retirement age, occupation, annual wage, employment benefits, as well as...

California Insurance Exam

Accept or reject the whole group - During the underwriting process for a group health policy, it was discovered that 15 out of 50 members of the group have major health issues. How would the insurer handle this? A. Accept or reject the whole group B. Accept the 35 insurable individuals while rejecting the remaining 15 C. Charge a higher premium to the 15 unhealthy individuals D. Assign the group to a reinsurer Contract that allows the policyowner to receive a share of surplus in the form ...

California Insurance Exam (ZoomBook by PMReview) Quizzes & Answers Graded A+

California Insurance Exam Verified Answers Two methods of determining insurance need: ️- Human Life Approach - Needs Approach Human Life Value Approach~ ️- One of two ways of calculating insurance need. - By discounting estimated future income - Calculating the amount of life insurance a family will need based on the financial loss that they will suffer if the insured person were to pass away today - 10X salary - Based on age, gender, planned retirement age, occupation, annual wage, ...