Rmin 4000 edmunds test 3 - Study guides, Class notes & Summaries
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RMIN 4000 Edmunds Test 3 Questions and Answers 100% Pass
- Exam (elaborations) • 29 pages • 2024
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RMIN 4000 Edmunds Test 3 Questions 
 
and Answers 100% Pass 
 
Basic Parts of an Insurance Contract 1. Declarations 
 
2. Definitions 
3. Insuring agreement 
4. Exclusions 
 
5. Conditions 
6. Miscellaneous provisions 
 
Declarations statements that provide information about the particular property or activity to 
be insured 
 
definitions statements that provide information about the particular property or activity to be 
insured 
 
Insuring Agreement Summary of the major promises of the insure...
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RMIN 4000 Edmunds Test 3 Questions and Answers 100% Verified
- Exam (elaborations) • 13 pages • 2024
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RMIN 4000 Edmunds Test 3 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Test 3 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Test 3 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Test 3 Questions and Answers 100% VerifiedBasic Parts of an Insurance Contract - ANSWER-1. Declarations 
2. Definitions 
3. Insuring agreement 
4. Exclusions 
5. Conditions 
6. Miscellaneous provisions 
 
Declarations - ANSWER-statements that provide information about the particular property or activi...
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RMIN 4000 Edmunds Test 3 Questions & Answers
- Exam (elaborations) • 20 pages • 2024
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RMIN 4000 Edmunds Test 3 Questions & Answers 
Basic Parts of an Insurance Contract - ANS-1. Declarations 
2. Definitions 
3. Insuring agreement 
4. Exclusions 
5. Conditions 
6. Miscellaneous provisions 
Declarations - ANS-statements that provide information about the particular property or activity to be 
insured 
definitions - ANS-statements that provide information about the particular property or activity to be 
insured 
Insuring Agreement - ANS-Summary of the major promises of the insurer...
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RMIN 4000 Edmunds Test 3 Questions And Answers With Verified Solutions Graded A+
- Exam (elaborations) • 18 pages • 2024
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401(k) plan - a. Must have taxable income 
b. Must be under age 72 
c. Annual contributions to a 401K plan are income-tax deductible, investment income accumulates tax 
free, and distributions are taxed upon withdrawal 
d. Withdraw without penalty at age 59 ½ 
e. Certain hardship exceptions prior to age 59 ½ 
f. 2021 Maximum annual contribution- $19,500 
g. 2021 over 50 catch up- $6,500 per year for a total of $26,000 
h. Any employer match that you receive does not count toward this limit! 
a...
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RMIN 4000 Edmunds Test 3|115 Questions and Answers |Distinction Graded
- Exam (elaborations) • 14 pages • 2024
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RMIN 4000 Edmunds Test 3|115 Questions and Answers |Distinction Graded
Too much month left at the end of the money?
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RMIN 4000 Edmunds Test 3 Questions and Answers.
- Exam (elaborations) • 16 pages • 2024
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RMIN 4000 Edmunds Test 3 Questions and Answers.
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RMIN 4000 Edmunds Test 3 Questions and Answers 100% Correct!!
- Exam (elaborations) • 13 pages • 2024
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RMIN 4000 Edmunds Test 3 Questions and AnsBasic Parts of an Insurance Contract - ANSWER-1. Declarations 
2. Definitions 
3. Insuring agreement 
4. Exclusions 
5. Conditions 
6. Miscellaneous provisions 
 
Declarations - ANSWER-statements that provide information about the particular property or activity to be insured 
 
definitions - ANSWER-statements that provide information about the particular property or activity to be insured 
 
Insuring Agreement - ANSWER-Summary of the major promises of t...
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RMIN 4000 Edmunds Test 3 Questions and Answers | Latest Update | 2024/2025 | 100% Verified
- Exam (elaborations) • 36 pages • 2024
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RMIN 4000 Edmunds Test 3 Questions 
and Answers | Latest Update | 2024/2025 
 
| 100% Verified 
 
What is subrogation and why is it important in insurance? 
 Subrogation is the process by which an insurer seeks to recover costs from a third party 
responsible for a loss after the insurer has paid the claim. 
 
Describe the concept of excess and surplus lines in insurance. 
 Excess and surplus lines are insurance policies offered by insurers who are not licensed in 
the insured's state but provi...
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RMIN 4000 Edmunds Test 3 Questions and Answers 100% Verified!!
- Exam (elaborations) • 13 pages • 2024
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Available in package deal
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Basic Parts of an Insurance Contract - ANSWER-1. Declarations 
2. Definitions 
3. Insuring agreement 
4. Exclusions 
5. Conditions 
6. Miscellaneous provisions 
 
Declarations - ANSWER-statements that provide information about the particular property or activity to be insured 
 
definitions - ANSWER-statements that provide information about the particular property or activity to be insured 
 
Insuring Agreement - ANSWER-Summary of the major promises of the insurer (what the policy covers) 
 
nam...
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RMIN 4000 Edmunds Test 3 Latest 2024/2025 Updated Questions and Answers Guaranteed 100% Success.
- Exam (elaborations) • 18 pages • 2024
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How much life insurance is needed? - depends on family size, income levels, existing financial 
assets, and financial goals 
Costs of Premature Death - - future earnings are lost forever. 
- additional expenses incurred: funeral expenses, uninsured medical bills, higher childcare costs, estate 
settlement expenses, and outstanding debts. 
- possible reduction of standard living. 
Why have deductibles? - -eliminate small claims 
-reduce premiums 
-reduce moral and morale hazard 
Declarations - st...
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