Free riders - Study guides, Class notes & Summaries

All of the following are included as part of a contract in the entire contract provision EXCEPT the riders application changes made by the producer policy Correct Answer changes made by the producer Health insurance involves two perils, accident and ____. Correct Answer sickness All of the following riders can increase the death benefit amount EXCEPT Cost of Living Waiver of Premium Accidental Death Rider Guaranteed Insurability Correct Answer Waiver of Premium Of the follow...

PS 110 GRCC Exam #1 Questions With Complete Solutions The Purposes of Government - as listed in the preamble to the Constitution Establish justice - est. the rule of law: a just social and political order Insure domestic tranquility - keep the peace; prevent rebellion, anarchy Provide for the common defense - military, anti-terrorism Promote the general welfare - provide public goods; improve the economy Secure the blessings of liberty - ensure freedoms for all Social Contract Governme...

Replacement is not always the best option for the insured because: - ️️a. A new policy could required the applicant to prove insurability b. A new incontestable period will start with the issuance of the new policy. c. The premiums for the new policy could be higher. For an insurance contract to be complete, it must comply with which of the following? - ️️A copy of the contract, all attached riders and a copy of the application must be give to the insured What type of benefits are...

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...

NC LIFE insurance state exam questions and answers 100% pass CREDIT LIFE a special type of coverage written to the life of the debtor and pay off the balance of a loan in the event of the death of the debtor. BUY-SELL AGREEMENTS a legal contract that determines what will be done with a business in the event that an owner dies or becomes disabled. Otherwise known as a business continuation agreement INSURABLE INTEREST to purchase insurance the policy owner must face the possibility of losing mo...

Motorcycle license Exam | Questions and Correct Answers | Latest Update 2024/2025 List the 3 types of motorcycles and the primary use of each. - Answer - Street, dual-purpose and off-road. Street motorcycles are designed for use on public streets and highways. They have all the equipment for safe and enjoyable street operation. Dual-purpose motorcycles are equipped for use on the street and off-road trails. Off-road motorcycles are not street-legal, and are typically used for recreationa...

Iowa Life Insurance: Final Exam Questions with Verified Answers Group Life Insurance life insurance that provides a master policy for a group; each eligible group member receives a certificate of insurance Individual Life Insurance purchased by individuals; usually greater face value Permanent Life vs. Term Life Perm Life: whole life insurance that is effective for the entire life of the insured up to age 100. Term Life: insurance that is effective for a temporary time period, designated by th...

PUB3705 Assignment 1 (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references .. Fill in the missing word. ‘Free riders’ are individuals who cannot be excluded from a public service on the grounds of ... and who will be unwilling to reveal their preference for such a service. a. citizenship b. legislation c. grants d. non-payment The missing word in the sentence is "legislation." 'Free...

Pennsylvania Life Only Questions and Answers Graded A+ Which of the following is a requirement for any change in an insurance application? Change must be initialed by the applicant. Agreements made by terminally ill persons to sell their life insurance policies at a discount in order to pay medical expenses are called: Viatical settlements What is an insurance policy's grace period? Period of time after the premium is due but the policy remains in force. The cause of a loss is...

Life, Health and Accident Insurance Exam and Notes Key Topics in Life Insurance 1. Insurance Application Process - The agent does not set final rates. - If a question is missed, schedule another appointment. - The underwriter or beneficiary does not need to sign the application. 2. Insurability and Coverage - The definition of insurance as risk transfer. - Coverage dates based on conditional receipts. - Requirements for signatures on applications. 3. Types of Insurance - Differences betw...