Louisiana insurance - Study guides, Class notes & Summaries

Xcel Final Study Louisiana Lha Insurance Verified Answers "Maximum benefits" refers to the ️upper limit of the total lifetime benefits the insurance company will pay A 10% excise tax is normally applied to an early withdrawal from an IRA. According to HIPAA, this tax will not be applied if the withdrawal is used for medical expenses that exceed ____ of the individual's adjusted gross income. ️7.5% A child's inclusion in a family health insurance policy begins ️at birth A...

Bail Bonds Louisiana Exam Questions with Correct Answers Acquit - Answer-to set free:to judicially discharge from an acquisition;to clear (a person) of a criminal charge Bail Enforcement - Answer-the apprehension or surrender of a principal by a natural person who is released on bail or who has failed to appear at and state of the proceedings to answer to the charge before the court, in which he may be prosecuted obligor - Answer-the party who owes the duty or debt; principal; in bail,th...

Under which situation must insurable interest exist between the applicant and insured at the time of application? - When a third-party applicant names themselves beneficiary. Which of the following is true about a decreasing term life policy? - The face amount reaches zero at policy expiration. Which of the following occurs immediately after the application is submitted and the initial premium paid? - The underwriting process begins For an individual long-term care policy there is an annua...

Louisiana Insurance Adjuster Questions and Answers 100% CorrectLouisiana Insurance Adjuster Questions and Answers 100% CorrectLouisiana Insurance Adjuster Questions and Answers 100% CorrectLouisiana Insurance Adjuster Questions and Answers 100% CorrectLouisiana Insurance Adjuster Questions and Answers 100% Correct Lender Interest Provisions - ANSWER-Protects lender interest by allowing the lender certain rights in the policy. Coinsurance Penalty - ANSWER-A property insurance provision that p...

Property and Casualty Exam Louisiana Insurance Agent Test Review Questions and Answers 100% Correct Property and Casualty Exam Louisiana Insurance Agent Test Review Questions and Answers 100% Correct Property and Casualty Exam Louisiana Insurance Agent Test Review Questions and Answers 100% Correct All of the following situations would be covered under a professional liability policy - ANSWER-An accountant's error that inflated a bid and caused a client to lose a major account., Negligence...

Property and Casualty Exam Louisiana Insurance Agent Test Review Questions and Answers 100% CorrectProperty and Casualty Exam Louisiana Insurance Agent Test Review Questions and Answers 100% CorrectProperty and Casualty Exam Louisiana Insurance Agent Test Review Questions and Answers 100% Correct All of the following situations would be covered under a professional liability policy - ANSWER-An accountant's error that inflated a bid and caused a client to lose a major account., Negligence of an...

Louisiana insurance study guide questions and answers rated A+ To assure the public that only competent trustworthy individuals and other entities sell insurance and to protect and promote the public interest. Licensing/Purose A contract under which one party undertakes to pay another against a loss of a specified contingency or peril. Insurance What is another word for insurance company? Insurer What is another word for a client? Insured Who is the producer? you are Any individual who is ...

Louisiana Insurance Exam questions n answers graded A+ passed

All of the following situations would be covered under a professional liability policy An accountant's error that inflated a bid and caused a client to lose a major account., Negligence of an architect who designed an unsafe building., Failure of a doctor to render the quality of care that is customary in the medical field, .EXCEPT The failure of an attorney to properly defend a client due to his personal dislike of the client Under a professional liability policy Intentional breach of duty ...

Lender Interest Provisions - Protects lender interest by allowing the lender certain rights in the policy. Coinsurance Penalty - A property insurance provision that penalizes the insured's loss recovery if the limit of insurance purchased by the insured is not equal to or greater than a specified percentage (commonly 80 percent) of the value of the insured property. Underinsured - A situation resulting from a failure to carry enough coverage on the value of a property, especially when...