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[Meer zien]indirect loss - An additional loss that results from a direct loss of property is called a/an 
It provides errors and omissions coverage for an agency - Which of the following statements is 
NOT true regarding a personal umbrella liability policy? 
Renewal dates - What type of information would be f...
Voorbeeld 2 van de 8 pagina's
In winkelwagenindirect loss - An additional loss that results from a direct loss of property is called a/an 
It provides errors and omissions coverage for an agency - Which of the following statements is 
NOT true regarding a personal umbrella liability policy? 
Renewal dates - What type of information would be f...
Law of Large Numbers -The larger the number of people with a similar exposure to loss, the more 
predictable actual losses will be. 
Insurance - Transfers the risk of loss from an individual or business entity to an insurance 
company 
The three elements of insurable risk are - 1) Financial 2) Blood...
Voorbeeld 2 van de 14 pagina's
In winkelwagenLaw of Large Numbers -The larger the number of people with a similar exposure to loss, the more 
predictable actual losses will be. 
Insurance - Transfers the risk of loss from an individual or business entity to an insurance 
company 
The three elements of insurable risk are - 1) Financial 2) Blood...
An insured pays a $100 premium every month for his insurance coverage, yet the insurer promises to 
pay $10,000 for a covered loss. What characteristic of an insurance contract does this describe? - 
Aleatory: an aleatory contract means unequal amounts are exchanged between payments and 
benefits 
W...
Voorbeeld 4 van de 34 pagina's
In winkelwagenAn insured pays a $100 premium every month for his insurance coverage, yet the insurer promises to 
pay $10,000 for a covered loss. What characteristic of an insurance contract does this describe? - 
Aleatory: an aleatory contract means unequal amounts are exchanged between payments and 
benefits 
W...
Basic Hospital Expense Coverage - Surgeon's fees are NOT covered under... 
Hospital expense policies - ... cover hospital room and board, and miscellaneous hospital 
expenses, such as lab and x-ray charges, medicines, use of operating room and supplies, while the 
insured is confined in a hospital....
Voorbeeld 3 van de 27 pagina's
In winkelwagenBasic Hospital Expense Coverage - Surgeon's fees are NOT covered under... 
Hospital expense policies - ... cover hospital room and board, and miscellaneous hospital 
expenses, such as lab and x-ray charges, medicines, use of operating room and supplies, while the 
insured is confined in a hospital....
50/50 - Ray has an individual major medical policy that requires a coinsurance payment. Ray 
rarely visits his physician and would prefer to pay the lowest premium possible. Which coinsurance 
arranngement would be best for Ray? 
Single payment or periodic payments - Which two terms are associated d...
Voorbeeld 2 van de 8 pagina's
In winkelwagen50/50 - Ray has an individual major medical policy that requires a coinsurance payment. Ray 
rarely visits his physician and would prefer to pay the lowest premium possible. Which coinsurance 
arranngement would be best for Ray? 
Single payment or periodic payments - Which two terms are associated d...
Agent/Producer - A legal representative of an insurance company 
Broker - An insurance producer not appointed by an insurer and whom represents the client 
Insured - A person covered by an insurance policy 
Insurance policy - A legal contract between a policyowner (and/or insured) and an insurance 
...
Voorbeeld 2 van de 13 pagina's
In winkelwagenAgent/Producer - A legal representative of an insurance company 
Broker - An insurance producer not appointed by an insurer and whom represents the client 
Insured - A person covered by an insurance policy 
Insurance policy - A legal contract between a policyowner (and/or insured) and an insurance 
...
Agent/Producer - a legal representative of an insurance company; the classification of producer 
usually includes agents and brokers; agents are the agents of the insurer 
Applicants (or proposed insured) - a person applying for insurance 
Broker - an insurance producer not appointed by an insurer a...
Voorbeeld 2 van de 7 pagina's
In winkelwagenAgent/Producer - a legal representative of an insurance company; the classification of producer 
usually includes agents and brokers; agents are the agents of the insurer 
Applicants (or proposed insured) - a person applying for insurance 
Broker - an insurance producer not appointed by an insurer a...
To be considered an insurable risk, a loss may NOT be - catastrophic 
Which of the following persons would be required to hold a producer license? - a nonresident 
agent who negotiates insurance contracts 
Which of the following is the oldest known type of insurance? - ocean marine 
The contents cov...
Voorbeeld 2 van de 8 pagina's
In winkelwagenTo be considered an insurable risk, a loss may NOT be - catastrophic 
Which of the following persons would be required to hold a producer license? - a nonresident 
agent who negotiates insurance contracts 
Which of the following is the oldest known type of insurance? - ocean marine 
The contents cov...
Accelerated benefits - riders attached to life insurance policies which allow death benefits to be 
used to cover nursing or convalescent home expenses 
accident - an unplanned, unforeseen event which occurs suddenly at an unspecified place 
Accidental Death and Dismemberment - an insurance policy w...
Voorbeeld 2 van de 12 pagina's
In winkelwagenAccelerated benefits - riders attached to life insurance policies which allow death benefits to be 
used to cover nursing or convalescent home expenses 
accident - an unplanned, unforeseen event which occurs suddenly at an unspecified place 
Accidental Death and Dismemberment - an insurance policy w...
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