GOLDEN ORCHIDS STORE.

Texas Property & Casualty Insurance Study Questions and Answers A condition or situation that presents a possibility of loss is a (an): - ANSWER-exposure The purpose of insurance is to: - ANSWER-transfer risk Which hazard can be described as a careless attitude or general indifference on the part of the insured toward the occurrence of loss? - ANSWER-morale Which risk is insurable? - ANSWER-pure With regard to insurance, risk can be defined as: - ANSWER-uncertainty regarding loss Treatin...

Texas Insurance Practice Exam Questions and Answers Subrogration may follow which of the following events? - ANSWER-An insured collects from her insurance company for damages caused by a third party Medical payments coverage under a BOP applies to expenses incurred by non-insureds for bodily injury and reported to the insurer within: - ANSWER-One year after the accident Claims expenses covered under Section II - Personal Liability of the standard Homeowners forms do NOT pay for which of t...

FINAL EXAM REVIEW - Texas life and health Exam Study Guide If, at the time of an insured's death, the insurance company discovers that the insured's age was misstated on the application for life insurance, the company will most likely - ANSWER-pay the policy proceeds in the amount the premiums would have purchased at the insured's actual age The provision in a health insurance policy that suspends premiums being paid to the insurer while the insured is disabled is called the: - AN...

Texas State Exam Simulator - Life and Health Insurance (200 Questions Practice Exam) Practice Questions and Answers An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called An installment Refund annuity A Straight Life annuity A Cash Refund annuity A Joint Life annuity - ANSWER-An installment Refund annuity...

Texas Life Insurance exam Practice Questions and Answers Who is considered a field underwriter? - ANSWER-An agent When must insurable interest exist in life insurance? - ANSWER-Application or issue date If no receipt is issued at the time of application, a statement of good health is usually required at the time of? - ANSWER-Policy delivery The Medical Information Bureau is?(MIB) - ANSWER-a source of medical information to alert insurers to adverse medical history A substandard risk comp...

Texas Life and Health Insurance Exam Questions and Answers What type of reinsurance contract involves two companies automatically sharing their risk exposure? - ANSWER-Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - ANSWER-reserves When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have - ANSWER-insurable interest...

Texas Insurance License Exam Prep P&C Questions and Answers What are 3 subjects an auto policy covers? - ANSWER-1. Body 2. The vehicle 3. Assets Bodily Injury Types - ANSWER-Personal Injury Med Pay Uninsured Motorist No Fault Insurance - ANSWER-State stipulates that parties cannot file a claim to the other persons insurance policy unless required in excess. Instead, each party is required to file a primary claim against their own insurance regardless who is at fault. EX. Florida Finan...

TMP 120 UCSB Exam Study Guide Solutions Strategy - ANSWER-Creates a unique sustainable competitive advantage Common elements of strategy - ANSWER-1. Long term + Consistent Goals 2. Deep understanding of the competitive environment 3. Objective assessment of resources and capabilities 4. Effective execution Strategy aim - ANSWER-creating value 2 key Questions for strategy - ANSWER-a. How to compete? b. Where to compete? Competitive Advantage happens when - ANSWER-a firm possess an advan...

Texas Private Security Bureau Level Two Training Course Practice Questions and Answers The Texas Privat Security Board consists of seven members appointed by the governor with the advice and consent of the senate as follows: - ANSWER-1.) Four public members, each of whom is a citizen of the United States 2.) One member who is licensed as a private investigator 3.) One member who is licensed as as an alarm systems company 4.) One member who is licensed as the owner or operator of a guard ...

Texas Food safety Managers Test Questions and Answers What must the person in charge of a nursing home do when A food handler has a sore throat and fever? A. Make the food handler wear a medical face mask. B. Allow the food handler to wash dishes. C. Send the food handler home. - ANSWER-C. Send the food handler home Food handlers must wash their hands and exposed portions of their arms prior to which of the following activities? A. Using tobacco products. B. Taking a restroom break. C....