Alabama hea - Study guides, Class notes & Summaries

QUESTIONS AND ANSWERS

Alabama Health Insurance Exam Questions And Answers 2024

Alabama Health Insurance Exam with correct Answers

Pure correct answers Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk correct answers The chance of loss without any chance of gain is called ___________ Speculative Risk correct answers has the possibility for gain or loss and is not insurable. Risk correct answers is defined as the chance of loss. Exposure correct answers A condition that could result in a loss is known as Hazard correct answers is som...

According to the Alabama Insurance Regulations, all of the following are included as advertisements except: correct answers A birthday card sent to a policyowner by his or her agent According to the Alabama Insurance regulations, when using an illustration in the sale of a life insurance policy, an insurance producer may legally do what? correct answers Use an illustration which has "non-guaranteed" elements According to the Optional Provision of a standard Health policy dealing with th...

Pure - Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - The chance of loss without any chance of gain is called ___________ Speculative Risk - has the possibility for gain or loss and is not insurable. Risk - is defined as the chance of loss. Exposure - A condition that could result in a loss is known as Hazard - is something that increases the chance of loss. Physical Hazard - The presence of a ___...

Alabama Health and Life Ins Exam

Pure correct answersInsurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk correct answersThe chance of loss without any chance of gain is called ___________ Speculative Risk correct answershas the possibility for gain or loss and is not insurable. Risk correct answersis defined as the chance of loss. Exposure correct answersA condition that could result in a loss is known as Hazard correct answersis something...

Alabama Health Insurance Exam with correct Answers

Alabama Health Insurance Exam with correct Answers