Ch 1 General Insurance

ch-1-general-insurance

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Question 1 of 1

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88764

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All of the following are true about speculative risk EXCEPT:

Select the correct answer(s).

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88765

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An insurer incorporated under the laws of the state in which is operating is considered to be a(n):

Select the correct answer(s).

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88766

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All of the following are true about an agency relationship between an insurance producer and an insurer EXCEPT:

Select the correct answer(s).

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88767

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Because an insurer writes the policy language and the insured has little or no control over the content, any ambiguity in wording is usually resolved in hands of the insured. Because the design and wording of a policy are in the hands of the insurer, insurance policies are said to be:

Select the correct answer(s).

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88768

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All of the following are true about insurance EXCEPT

Select the correct answer(s).

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88769

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Apparent authority of an insurance producer is the authority:

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88770

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in property and casualty and in medical expense insurance, the principle of making someone whole again after a loss by paying only for actual losses:

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88771

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Which type of licensee represents insureds or prospective insureds and does not represent an insurance company?

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88772

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The Law of Large Numbers states that:

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88773

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A producer's responsibilities may include all of the following EXCEPT

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88798

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A moral Hazard:

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88799

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All of the following are required elements of a legal contract EXCEPT:

Select the correct answer(s).

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88800

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A binder:

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88801

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All of the following choices are true about insurance EXCEPT

Select the correct answer(s).

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88802

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Some producers supervise all of an insurance company's business within a specific territory. These producers appoint other producers, supervise their business and receive an overriding commission on that business. What is the formal name for this type of producer

Ch 1 General Insurance

Question 1 of 1

Time Left

All of the following are true about speculative risk EXCEPT:

Select the correct answer(s).

(0/0)

An insurer incorporated under the laws of the state in which is operating is considered to be a(n):

Select the correct answer(s).

(0/0)

All of the following are true about an agency relationship between an insurance producer and an insurer EXCEPT:

Select the correct answer(s).

(0/0)

Because an insurer writes the policy language and the insured has little or no control over the content, any ambiguity in wording is usually resolved in hands of the insured. Because the design and wording of a policy are in the hands of the insurer, insurance policies are said to be:

Select the correct answer(s).

(0/0)

All of the following are true about insurance EXCEPT

Select the correct answer(s).

(0/0)

Apparent authority of an insurance producer is the authority:

Select the correct answer(s).

(0/0)

in property and casualty and in medical expense insurance, the principle of making someone whole again after a loss by paying only for actual losses:

Select the correct answer(s).

(0/0)

Which type of licensee represents insureds or prospective insureds and does not represent an insurance company?

Select the correct answer(s).

(0/0)

The Law of Large Numbers states that:

Select the correct answer(s).

(0/0)

A producer's responsibilities may include all of the following EXCEPT

Select the correct answer(s).

(0/0)

A moral Hazard:

Select the correct answer(s).

(0/0)

All of the following are required elements of a legal contract EXCEPT:

Select the correct answer(s).

(0/0)

A binder:

Select the correct answer(s).

(0/0)

All of the following choices are true about insurance EXCEPT

Select the correct answer(s).

(0/0)

Some producers supervise all of an insurance company's business within a specific territory. These producers appoint other producers, supervise their business and receive an overriding commission on that business. What is the formal name for this type of producer

Select the correct answer(s).

(0/0)

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