Payable for the injury Study guides, Class notes & Summaries

Kentucky Health & Life (Commonwealth Schools of Insurance - PT 4) [1-6] Latest Update with Verified Solutions What is the difference between the terms accident and sickness as used in insurance policies? - an accident occurs accidentally, - a sickness is an illness or disease is not the result of an accident. Common accident benefits under insurance policies include all of the following: - accidental death benefit - accidental dismemberment - loss of income due to an accidental injury 3) Comm...

Texas State Exam Simulator - Life and Health Insurance (200 Questions Practice Exam) Verified Answers. An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called An installment Refund annuity A Straight Life annuity A Cash Refund annuity A Joint Life annuity - An installment Refund annuity One becomes eligible...

Transferring the risk to an insurance company is known as what? - Answer- Insurance When the insured request to have the company change a condition or provision in an insurance policy the document attach to the policy is referred to as what? - Answer- Endorsement George and Sandy only home which was damaged by fire who has insurable interest - Answer- George and Sandy What is the most common loss settlement valuation in the property policies? - Answer- Actual cash value The insurance company pay...

WASHINGTON DMV PRACTICE QUESTIONS & ANSWERS, 100% ACCURATE. VERIFIED. You must have an automobile liability policy or bond from a state-approved insurance or surety company that provides the following: - -• $25,000 or more, payable for the bodily injury or death of 1 person in a collision in which only one person was injured or killed; • $50,000 or more, payable for the bodily injury or death of 2 or more persons in any one collision; and • $10,000 or more, payable for injury to o...

New Jersey Life and Health Final Exam Questions and Answers Already Passed Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? Home health care Which of the following is NOT a federal requirement of a qualified plan? Employee must be able to make unlimited contributions Why are dividends from a mutual insurer not subject to taxation? Because dividends are considered to be a return of premium The ...

Kaposi's sarcoma is a malignancy of which of the following organs? 1. Skin and kidneys 2. Skin and lymph nodes 3. Skin and lungs 4. Skin and bones correct answer: Skin and lymph nodes Which of the following is the most appropriate method of maintaining an airway in an unconscious adult who does not have a neck or spinal injury? 1. Place your thumb in the patient's mouth and lift the lower jaw 2. Jaw-thrust maneuver 3. Turn the patient on his or her side 4. Head-tilt, chin-lift mane...

Absolute assignment - ANSWER Policy assignment under which the assignee (person to whom the policy is assigned) receives full control over the policy and also full rights to its benefits. Generally, when a policy is assigned to secure a debt, the owner retains all rights in the policy in excess of the debt, even though the assignment is absolute in form. (See assignment) Accelerated benefits rider - ANSWER A life insurance rider that allows for the early payment of some portion of the pol...

2-20 Florida Insurance Exam Questions and Answers 100% Pass Pure Risk - Correct Answer ️️ -a situation that presents the opportunity for loss, but no opportunity for gain. due to physical damage or bodily injury. Ex. Fire Loss- not anticipated but poss. Speculative Risk - Correct Answer ️️ -We speculate or have uncertainty about an event under consideration that could produce either profit or loss. Ex. Lottery or Betting Policy - Correct Answer ️️ -Written contract or agreem...

Jonas has disability insurance through his employer . The employer pays 75 % of the premium , and Jonas pays the other 25 % . What is Jonas's tax liability for any benefits paid from the disability plan ? O Taxes must be paid on all benefits received O No taxes are payable on any benefits received O Taxes must be paid on 25 % of the benefits received O Taxes must be paid on 75 % of the benefits received - ANSWERTaxes must be paid on 75% of the benefits received Benefits provided by a...

Absolute assignment - ANSWER Policy assignment under which the assignee (person to whom the policy is assigned) receives full control over the policy and also full rights to its benefits. Generally, when a policy is assigned to secure a debt, the owner retains all rights in the policy in excess of the debt, even though the assignment is absolute in form. (See assignment) Accelerated benefits rider - ANSWER A life insurance rider that allows for the early payment of some portion of the pol...