Alabama insurance stuvia - Study guides, Class notes & Summaries

Alabama Life and Health Insurance Exam | Questions & Answers (100% Correct)Alabama Life and Health Insurance Exam | Questions & Answers (100% Correct)Alabama Life and Health Insurance Exam | Questions & Answers (100% Correct)Alabama Life and Health Insurance Exam | Questions & Answers (100% Correct)Alabama Life and Health Insurance Exam | Questions & Answers (100% Correct) Insurance is a method risk is transferred to an insurer for consideration up to - ANSWER - a predetermined limit. Which ...

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Which welfare program provides assistance to the needy? - ANSWERSMedicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - ANSWERSrevocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? - ANSWERS30 Which type of term policy allows the policyowner to switch to permanent insurance? - ANSWERSConvertible term What does renewable term guarantee? - AN...

Alabama Life & Health Insurance Exam | Questions & Answers 100% CorrectAlabama Life & Health Insurance Exam | Questions & Answers 100% CorrectAlabama Life & Health Insurance Exam | Questions & Answers 100% CorrectAlabama Life & Health Insurance Exam | Questions & Answers 100% CorrectAlabama Life & Health Insurance Exam | Questions & Answers 100% CorrectAlabama Life & Health Insurance Exam | Questions & Answers 100% Correct Which of the following would be considered a speculative risk? - ANSWER ...

Pure - ANSWERSInsurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - ANSWERSThe chance of loss without any chance of gain is called ___________ Speculative Risk - ANSWERShas the possibility for gain or loss and is not insurable. Risk - ANSWERSis defined as the chance of loss. Exposure - ANSWERSA condition that could result in a loss is known as Hazard - ANSWERSis something that increases the chance of loss. ...

An applicant who fails two examinations for the same line of authority must wait how long to take another examination for that line of authority - ANSWER-3 months Payments for losses that cannot be precisely measured, such as the loss of companionship of spouse from another, are called ____. - ANSWER-General damages Transfering is a method of handling risk. Which of the following best describes the concept of transfer - ANSWER-Purchasing insurance Which of the following terms indicates ...

Pure - ANSWERSInsurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - ANSWERSThe chance of loss without any chance of gain is called ___________ Speculative Risk - ANSWERShas the possibility for gain or loss and is not insurable. Risk - ANSWERSis defined as the chance of loss. Exposure - ANSWERSA condition that could result in a loss is known as Hazard - ANSWERSis something that increases the chance of loss. ...

industrial life insurance is also referred to as - ANSWERSdebt policy Based upon Optional Uniform Provisions, an insurer would have the right to deny claim payment in all of the following circumstances, except: - ANSWERSmisstatement of age on the application Insurable interest for life insurance is necessary only at the time of: - ANSWERSapplication Which of the following types of policies would a sports team purchase to obtain coverage for a season? - ANSWERSblanket If the insurer c...

Alabama Life & Health Insurance Exam| 194 2023-2024 Questions With Correct Answers(SCORED A+)Alabama Life & Health Insurance Exam| 194 2023-2024 Questions With Correct Answers(SCORED A+)Alabama Life & Health Insurance Exam| 194 2023-2024 Questions With Correct Answers(SCORED A+)Alabama Life & Health Insurance Exam| 194 2023-2024 Questions With Correct Answers(SCORED A+)All of the following are elements of a contract, except: - ANSWERSAuthority

industrial life insurance is also referred to as - ANSWERSdebt policy Based upon Optional Uniform Provisions, an insurer would have the right to deny claim payment in all of the following circumstances, except: - ANSWERSmisstatement of age on the application Insurable interest for life insurance is necessary only at the time of: - ANSWERSapplication Which of the following types of policies would a sports team purchase to obtain coverage for a season? - ANSWERSblanket If the insurer c...