Rmin 4000 exam - Study guides, Class notes & Summaries

RMIN 4000 Exam 2 Questions & Answers Major Types of Private Insurers - ANS-Stock Insurers Mutual Insurers Lloyds of London Stock Insurer - ANS--A corporation owned by stockholders. -Objective is to earn profits for the stockholders by increasing stock and paying dividends. (Progressive, Allstate, Metlife, etc.) Mutual Insurer - ANS--a corporation owned by policyholders. -profits are distributed to policyholders by dividends or rate reductions. (statefarm, nationwide, liberty mutual) ...

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RMIN 4000 Edmunds Exam 2 Qs&As major types of private insurers - ANS-Stock, Mutual, and Lloyd's of London stock insurers - ANS-corporation owned by stockholders. objective is to earn profit for stockholders by increasing the value of the stock and paying dividends Mutual insurers - ANS-a corporation owned by policyholders. profits are distributed to policyholders by dividends or rate reductions types of mutual insurers - ANS-advance premium mutual, assessment mutual, and fraternal insure...

How long is an auto insurance policy? usually 6 or 12 months Who writes auto insurance policies? ISO What is ISO? Insurance Services Office Five General Types of Coverage for Auto Insurance 1. Liability 2. Uninsured Motorist 3. Medical Payments 4. Damage 5. Convenience Coverage

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RMIN 4000 Edmunds Exam 3 Questions and Answers | 100% Pass basic parts of an insurance contract -Answer-declarations, definitions, insuring agreement, exclusions, conditions, and miscellaneous provisions declarations -Answer-statements that provide information about the particular property or activity to be insured what does the declarations page usually contain -Answer-name and address, policy dates, amount of insurance, premium and deductible, and other relevant info definitions -Answe...

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