Underwriting Study guides, Class notes & Summaries
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ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024
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ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us.. Question 1 (46 marks) 
Latu Life Insurance Company provides financial services in the Republic of South Africa. In January 2024 the company received the following applications: 
1.1 Indicate an appropriate life policy or policies for each application and substantiate your answer. (22...
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ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (675553) - DUE 24 April 2024
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ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (675553) - DUE 24 April 2024 100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9......... Question 1 (50 marks) 
Bantu Life Insurance Company received the following life insurance proposal from Chief Mlaudzi, who indicated that, because he lacked the necessary knowledge about life policies, the underwriter should select an appropriate policy for each person: 
1.1 Indicate an appropriate l...
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ISR3702 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 (392770) - DUE 15 April 2024
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ISR3702 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 (392770) - DUE 15 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9......... Mlindwa’s spouse, Fezi, successfully challenged Mlindwa’s testamentary will. The court deemed the will void and set it aside. There was no sale of assets from Mlindwa’s deceased estate. The deceased estate had the following liabilities, which Nongxa had to pay when winding up this estate: 
 ...
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AIC 300 - Claims in an Evolving World Questions and Answers Solved 100% Correct!!
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B. By certified mail with a return receipt requested. 
Some will also send a copy via regular mail in case the certified letter is not accepted. - Insurers usually 
send denial letters 
Select one: 
A. By email to ensure prompt receipt by the insured. 
B. By certified mail with a return receipt requested. 
C. By overnight courier. 
D. By registered mail. 
D. Subpoenaed. 
Any written claims communication may be subpoenaed. - As methods of communication evolve, it's 
important for claims professi...
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AINS 101 | 112 Question with 100 % correct answers | Verified
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Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only 
ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a 
producer in the - Direct writer marketing system 
Because the insurance company usually determines policy wording and the insured has little choice but 
to "take it or leave it," an insurance contract is a - Contract of adhesion 
Which one of the following best explains why producers should be...
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XCEL Life Underwriting & Annuities Questions and Answers Already Passed
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XCEL Life Underwriting & Annuities Questions and Answers Already Passed 
Which of the following statement is CORRECT about an agent who is taking an insurance application? The agent should have the applicant initial any changes made on the application 
Agent J takes an application and initial premium from an applicant and sends the application and premium check to the insurance company. The insurance company returns the check back to J because the check is made out to J instead of the insurance ...
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C16 Business of Insurance -Practice Exam Questions Rated 100% Correct!!
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Explain the economic laws of Supply and Demand, and explain why these laws do not strictly apply to 
automobile insurance. - pages 3-3 and 3-13. the economic theory of supply and demand proposes 
that more resources will be allocated to a product that increases revenue. The law of supply provides 
that the higher the price, then more will be supplied. the law of demand provides that, with all other 
factors equal, less will be demanded as the price rises. 
For the insurance market, supply is rep...
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AU 60 MISSED PRACTICE TEST EXAM 2024 WITH 100% CORRECT ANSWERS
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When insuring a partnership, it is essential to identify which one of the following on the policy declaration page? 
Choose one answer. 
 
A. The partnership 
 
B. All partners 
 
C. General partners only 
 
D. All partners and their share of the partnership Answer - A. The partnership 
 
If a company's inventory turnover ratio is higher than the industry benchmark, it indicates that 
Choose one answer. 
 
A. Its inventory is becoming obsolete compared to that of its competitors. 
 
B. Th...
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AINS 103 Questions & Answers 2023 100% PASS
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Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store has 
contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the rear of the 
store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 9am, and again 
from 3pm to 6pm. The store has had six slip and fall claims from customers in the past year. Danforth 
Grocery Store is most exposed to which one of the following types of liability loss? 
...
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PSI LIFE INSURANCE EXAM LATEST REAL EXAM QUESTIONS AND CORRECT ANSWERS | A-GRADE 2023/24
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PSI LIFE INSURANCE EXAM 
 
which of the following occurs immediately after the application is submitted and the initial premium paid: 
A: the underwriting process begins 
B: the applicant's references are checked 
C: the beneficiaries are selected 
D: the insurance goes into effect 
Correct Answer: 
A: the underwriting process begins 
 
in a level term life policy, which ALWAYS remains constant: 
A: premium 
B: beneficiary 
C: death benefit 
D: maximum age of the insured 
Correct Answer: 
C: d...
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