Oklahoma insurance stuvia - Study guides, Class notes & Summaries

All of the following are included as part of a contract in the entire contract provision EXCEPT the riders application changes made by the producer policy - ANSWERSchanges made by the producer Health insurance involves two perils, accident and ____. - ANSWERSsickness All of the following riders can increase the death benefit amount EXCEPT Cost of Living Waiver of Premium Accidental Death Rider Guaranteed Insurability - ANSWERSWaiver of Premium Of the following dividend optio...

Life Insurance - ANSWER-Transfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance - ANSWER-transfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured person. Risk - ANSWER-Chance of loss: only pure risk is insurable. Loss - ANSWER-Unplanned reduction in economic value. hazard - ANSWER-a condition that increases the chance of a peril/setback/danger. Risk Transfer - ANSWE...

Oklahoma Life & Health Insurance Exam 2023-2024 Questions and Answers 100% Correct Oklahoma Life & Health Insurance Exam 2023-2024 Questions and Answers 100% Correct Oklahoma Life & Health Insurance Exam 2023-2024 Questions and Answers 100% Correct In Oklahoma, a life insurance policy loan may NOT exceed an interest rate of - ANSWER-8% Under HIPAA requirements, eligibility for the pre-existing conditions exclusion waiver under new coverage is lost if - ANSWER-there is a break in co...

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Oklahoma Life and Health Insurance Exam Questions and Answers 100% CorrectOklahoma Life and Health Insurance Exam Questions and Answers 100% CorrectOklahoma Life and Health Insurance Exam Questions and Answers 100% CorrectOklahoma Life and Health Insurance Exam Questions and Answers 100% Correct All of the following are included as part of a contract in the entire contract provision EXCEPT the riders application changes made by the producer policy - ANSWER-changes made by the producer ...

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Life Insurance - ANSWERSTransfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance - ANSWERStransfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured person. Risk - ANSWERSChance of loss: only pure risk is insurable. Loss - ANSWERSUnplanned reduction in economic value. hazard - ANSWERSa condition that increases the chance of a peril/setback/danger. Risk Transfer - ANSWE...

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Oklahoma Insurance Adjuster Exam Prep Questions and Answers (Graded A) Oklahoma Insurance Adjuster Exam Prep Questions and Answers (Graded A) Oklahoma Insurance Adjuster Exam Prep Questions and Answers (Graded A) Insurance - ANSWER-Transfers risk from one party to another. pool or reserve - ANSWER-collected premiums to cover losses/claims Indemnity - ANSWER-restoration to previous financial condition Four essential elements of a contract - ANSWER-agreement, consideration, com...