Initial offer is void - Study guides, Class notes & Summaries

Colorado Health Insurance Exam Questions and Answers Latest Updated 2024 (Graded A+) Agent Agents are the agents of the insurer Producer Usually includes agents and brokers Applicant or proposed insured A person applying for insurance Consent permission to do something Insurable Interest The policy owner must face the possibility of losing money or something of value in the event of loss insurance policy a contract between a policyowner (and/or insured) and an insurance company which agre...

LIFE, HEALTH & VARIABLE ANNUITY (2-15 EXAM) QUESTIONS AND ANSWERS LATEST UPDATE 2024/2025 (100% Solved) An owner is worried that employees will help themselves to products on the shelf without paying for them. This is an example of what type of hazard? - CORRECT ANSWERS Moral Hazard Won't fly an airplane, never drives a car and keeps money out of the stock market is known as what type of risk ? - CORRECT ANSWERS Risk Avoidance Only pure risk is insurable. TRUE or FALSE? - CORRECT ANSWERS T...

The six elements required to exist in order to create a valid binding legal contract are: correct answers *Intent, Capacity, Legal Subject Matter, Acceptance, Consideration, Offer *(if one or both of the parties to a contract do NOT have intent, the contract is VOID) (if the other five, any of them, elements do not exist then the contract is VOIDABLE) Oral correct answers most contracts are oral, meaning created verbally written correct answers a writing evidencing the contact is cre...

Colorado Health Insurance Exam Questions and Answers Latest Updated 2024 (SOLVED 100%) Agent Agents are the agents of the insurer Producer Usually includes agents and brokers Applicant or proposed insured A person applying for insurance Consent permission to do something Insurable Interest The policy owner must face the possibility of losing money or something of value in the event of loss insurance policy a contract between a policyowner (and/or insured) and an insurance company which ag...

Insurance transaction includes: - By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract - -Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT need to happen Who make the offer in an insurance application - - Applicant When does acceptance take place - - An insurers underwriter approves the application and issues a policy The binding force in any contrac...

PN 3006 Final Questions And Answers 100% Guaranteed Success. A condom catheter is to be used for an adult male client in the extended care facility. Which of the following techniques is appropriate for the nurse to use in applying the condom catheter? Select one: a. Using sterile gloves b. Wrapping the adhesive tape securely around the base of the penis c. Leaving a 2.5- to 5-cm space between the tip of the penis and the end of the catheter d. Taping the tubing tightly to the t...

Colorado Health Insurance Exam Questions and Answers Latest Updated 2024 (Graded A+) Agent - Answer- Agents are the agents of the insurer Producer - Answer- Usually includes agents and brokers Applicant or proposed insured - Answer- A person applying for insurance Consent - Answer- permission to do something Insurable Interest - Answer- The policy owner must face the possibility of losing money or something of value in the event of loss insurance policy - Answer- a contract between a polic...

Missouri Life and Health Insurance Verified Answers Insurance Transactions - Insurance transaction includes: ️ By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a Legal Contract - Elements include: ️ - Agreement (offer and acceptance) ️ - Consideration ️ - Competent parties ️ - Legal purpose ️ - Note: Negotiation does NOT need to happen. Insurance Application Process - Who makes the of...

An employee who owns an individual disability income policy is injured in an automobile accident and files proof of loss with the insurance company. Under the payment of claims provision in the policy, the company will likely pay the policy benefits to the A: Insured's employer B: Insured's attending physician if the insured has assigned the benefits C: Insured's beneficiary D: Insured - ANSWERD: Insured Which of the following statements is CORRECT about beneficiary designa...

ATI RN Concept-Based Assessment Level 3 Practice B (Latest 2023/ 2024) Questions and Verified Answers with Rationales| 100% Correct| Grade A Q: A nurse in a mental health clinic is planning care for a client who has post-traumatic stress disorder (PTSD). Which of the following strategies should the nurse include? -Assist the client to identify their stage in the grief process. -Encourage the client to avoid discussing their trauma. -Offer the client alone time when flashbacks occu...