Actuarial department Study guides, Class notes & Summaries
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TEXAS ADJUSTER EXAM 2024 WITH 100% CORRECT ANSWERS
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TEXAS ADJUSTER EXAM 2024 WITH 100% CORRECT ANSWERS 
 
 
If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - correct answer $30,000 
 
Which of the following statements best describes an inland marine policy? - correct answer Pertains to Cargo with no fixed location 
 
Alex is traveling through College Station and hits a deer, and the damages are $1500. He has comprehensive c...
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Texas Adjuster Exam 2024 with 100% correct answers
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If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. 
$30,000 
 
 
 
Which of the following statements best describes an inland marine policy? 
Pertains to Cargo with no fixed location 
 
 
 
Alex is traveling through College Station and hits a deer, and the damages are $1500. He has comprehensive coverage with a $500 deductible. What will you pay? 
$1000 
 
 
 
This department...
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Webce Life and Health exam 2023 with 100% correct answers
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Representations and Warranties 
Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. 
 
 
 
Underwriting vs. Actuarial Departments 
Two related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. The ________ department analyzes data to help estimate future losses and to produ...
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WebCE Exam Questions with correct Answers
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Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. 
Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. 
 
Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. 
Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...
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CPCU 520 EXAM 2024 WITH 100% ACCURATE SOLUTIONS
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CPCU 520 EXAM 2024 WITH 100% ACCURATE SOLUTIONS 
 
 
Which one of the following functional areas of Keithly can assist Alex with this audit's irregularity? - correct answer Special Investigation Unit 
 
Which one of the following best describes a FAIR plan and its insureds? - correct answer State-run plans with cost spread among private insurers in the state 
 
Which one of the following departments provides information to the underwriting department to assist in selecting and rating risks? - c...
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Webce Life and Health Exam Questions and Answers 100% Accurate
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Webce Life and Health Exam Questions and Answers 100% Accurate 
 
Webce Life and Health Exam Questions and Answers 100% Accurate 
 
Webce Life and Health Exam Questions and Answers 100% Accurate 
 
Webce Life and Health Exam Questions and Answers 100% Accurate 
Representations and Warranties - ANSWER-Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. 
 
Un...
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Texas Adjuster Exam 2023
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Texas Adjuster Exam 
 
If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - ANSWER $30,000 
 
 
 
Which of the following statements best describes an inland marine policy? - ANSWER Pertains to Cargo with no fixed location 
 
 
 
Alex is traveling through College Station...
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Michigan Life and Health Insurance Exam With Complete Solutions 2023
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Michigan Life and Health Insurance Exam With Complete Solutions 2023
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Life and Health Ohio State Pre-Licensing Exam And Updated Answers 2024.
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Actuarial Department - Answer Calculates policy rates, reserves, and dividends 
 
Alien Insurer - Answer An insurer whose principal office and domiciled in a country other than the United States. 
 
Admitted Insurer - Answer An insurer to which a state insurance department has granted a license to do business within that state. 
 
Broker - Answer A Broker represents themselves and the insured. 
 
Captive Insurer - Answer An insurer owned by a parent firm for the purpose of insurin...
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Webce Life and Health Questions with 100% Correct Answers | Verified | Updated 2024
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Representations and Warranties - answer-Representations are statements the 
applicant makes on an application that are deemed to be true to the applicant's 
best knowledge. Warranties are statements the insurer makes in the contract. 
Underwriting vs. Actuarial Departments - answer-Two related insurance company 
functions. Through the process of _________, applications are assessed for 
insurability and to assign premium rates. The ________ department analyzes 
data to help estimate future loss...
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