Wv state - Study guides, Class notes & Summaries

A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: - Answer Risk retention group Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? - Answer 1970-Fair Credit Reporting Act Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six months. Q dies suddenly and the beneficiary is paid $500,000. This exchange of unequ...

WV State Life Insurance Exam Questions and their verified answers

A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: - Risk retention group Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? - 1970-Fair Credit Reporting Act Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six months. Q dies suddenly and the beneficiary is paid $500,000. This exchange of unequal values reflects whi...

A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: - correct answer Risk retention group Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? - correct answer 1970-Fair Credit Reporting Act Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six months. Q dies suddenly and the beneficiary is paid $500,000. This exchange ...

WV STATE LIFE INSURANCE EXAM QUESTIONS AND ANSWERS

A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: Risk retention group Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? 1970-Fair Credit Reporting Act Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six months. Q dies suddenly and the beneficiary is paid $500,000. This exchange of unequal values reflects which of ...

A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: Risk retention group Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? 1970-Fair Credit Reporting Act Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six months. Q dies suddenly and the beneficiary is paid $500,000. This exchange of unequal values reflects which of ...

A long narrow salient is a panhandle (WV has two: Northern and Eastern) correct answer: Panhandle Form of payment by coal company correct answer: Scrip County that borders both Pennsylvania and Maryland correct answer: Preston County where geographic center of state is located--- correct answer: Braxton WV Legislature is correct answer: Bicameral Steamboat inventor from Berkeley Springs correct answer: Rumsey Signed WV into statehood- correct answer: Lincoln WV native...

A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: Risk retention group Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? 1970-Fair Credit Reporting Act Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six months. Q dies suddenly and the beneficiary is paid $500,000. This exchange of unequal values reflects which of ...