Study guides, Class notes & Summaries

Property and Casualty Insurance - Final Exam Questions and Answers 2023 An unlicensed employee of an insurance agency may perform all of the following EXCEPT: A) Accept a claim form B) Type correspondence for a direct mail campaign C) Deposit properly endorsed checks into the agency's bank account •• D) Advise an insured of coverage issues A producer must notify the insurance division of an address change within: A) 10 days B) 20 days C) 25 days •• D) 30 days A Tem...

FLOOD INSURANCE QUESTIONS AND ANSWERS 2023 WHAT ARE THE TWO TYPES OF FLOOD INSURANCE? NFIP PROVIDES AN EMERGENCY PROGRAM AND REGULAR PROGRAM HOW WAS THE NFIP CREATED? BY THE PASSAGE OF THE NATIONAL FLOOD INSURANCE ACT OF 1968 CAN YOU OBTAIN FLOOD INSURANCE THROUGH PRIVATE INSURERS? YES UNDER THE "WRITE YOUR OWN" PROGRAM AND THEY ARE 100% REIMBURSED BY THE GOVERNMENT WHAT IS REQUIRED BY COMMUNITIES TO OBTAIN NAT'L FLOOD INSURANCE? THEY MUST BE WILLING TO ADOPT FLOOD CONT...

What is the underwriter's goal? - Answer-To write a book of business in which the actual losses approximate the expected losses. Gertrude is going to become an insurance agent. She would like to work in an agency that represents many different insurance companies. Gertrude will go to work for a(n) - Answer-Independent agency When a client suffers a loss, MegaInsurers is expected to respond promptly to settle the resulting claim. Depending on the line of insurance, claim costs generally co...

Buying life or health insurance is an example of which risk management technique? risk avoidance risk reduction risk retention risk transfer - risk transfer What is the mathematical concept of probability that helps insurers estimate the statistical likelihood of mortality or morbidity losses at any given age? law of large numbers underwriting principle law of probability actuarial principle - law of large numbers A person who refuses to engage is risky activiti...

WebCe - Ethics Review 2024 With Correct, Updated Questions & Answers You have been invited to your niece's wedding reception, and the invitation requests an RSVP. You really don't want to go, and you could simply decline the invitation. But you respond that you will be in attendance, and you check her bridal registry to select an appropriate gift to bring. Your decision is based on - an area of manners; it would have been impolite to decline. Stefan's friends would agree that he...

Webce Test Questions With 100% Correct Answers While completing an application for a health insurance policy, Dan discloses his partial blindness. The insurer will treat his blindness as a: - Physical Hazard ABC insurance company fires Renee, a producer. She continues to interviews prospects, make sale presentations with company materials, and collect premiums. When dealing with Renee, the prospects believe that she has what kind of authority from ABC - apperant Which tw...

WebCE Exam Tutor Latest Update With Correct Answers All of the following are eligible to purchase a group life insurance policy EXCEPT: the Wonderful Widget Company, which employs more than 200 people the State Electrical Workers Union the Retailers Multiple Employer Trust, formed by two retailers to purchase insurance for their employees Stan and his neighbors, who form their own group to buy group coverage at a lower cost than their individual coverages - Stan and his neighbor...

WEBCE TEST QUESTIONS LATEST UPDATE WITH MULTIPLE, CORRECTLY ANSWERED QUESTIONS ALREADY GRADED A+ Which of the following scenarios involves pure risk? -Frank wants to purchase life insurance because he knows his family is reliant on him. -Saul decides to invest his life savings in the stock market to boost his retirement savings. -Ralph takes out a second mortgage on his house and uses the money to gamble. -wanting better job security, Ron cashes in his life insurance to start his own bu...

WEBCE Practice Exam 100 With Complete Solutions Latest Update

Webce Test Questions With Complete Solutions Latest Update

Webce Test Questions With 100% Correct Answers While completing an application for a health insurance policy, Dan discloses his partial blindness. The insurer will treat his blindness as a: - Physical Hazard ABC insurance company fires Renee, a producer. She continues to interviews prospects, make sale presentations with company materials, and collect premiums. When dealing with Renee, the prospects believe that she has what kind of authority from ABC - apperant Which ...