Study guides, Class notes & Summaries

Pearson Vue Exam Questions with complete solution Real property interests include... -Correct Answer-an appurtenance that goes with the land. Examples: buildings, fences, trees, water rights, the ground below, mineral rights, air rights, easements What is a form of ownership that is restricted to husbands and wives? -Correct Answer-Tenancy by the entirety. Each owns the entire parcel. Neither can separately convey and interest during the other's life time. On the death of a spouse, t...

Life, Accident and Health Pearson Final Exams - Exam 5 Questions With 100% Correct Answers Which of the following health insurance policy provisions allows an insurer to deny a claim that does not occur during the policy period? AReinstatement provision BInsuring clause COwnership provision DConsideration clause - answerB insuring clause The insuring clause specifies the time frame of the policy period which is generally one year. Therefore, accidents or illnesses occurring prior to the policy'...

Casualty PearsonVUE Practice Tests Exam Questions With 100% Correct Answers A private passenger auto policy may be canceled more than sixty days after the effective date for what reason? (i.e. drivers license status) - answerSuspension of the insured's driver's license An insurance company may deny an employee's claim for Workers Compensation benefits if the employee was: - answerdrunk and caused the injury Under the automobile insurance plan (AIP), all of the following coverage's are availa...

LIFE INSURANCE PRACTICE EXAM Questions with Verified Solutions 2024 Insurable Receipt - Answer -The reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Representations - Answer -Statements in the application for insurance that are believed to be true to the best of the applicants knowledge are Provide the annuitant with an interest rate that is lesser of the guaranteed or current rate - Answer -An annuity is cons...

Life, Accident and Health Final Exam Questions and Correct Solutions Which of the following provides benefits for the treatment of gum disease? A. Endodontics B. Orthodontics C. Periodontics D. Prosthodontics - Answer -C. Periodontics The Insured and primary beneficiary die in a common accident. The insured dies at the scene and the beneficiary dies thirty six days later. To whom is the $250k death benefit paid? A. The State Department of Revenue B. The Contingent Beneficiary C. The t...

Life, Accident and Health Pearson Final Exams - Exam 5 Questions and Correct Solutions Which of the following health insurance policy provisions allows an insurer to deny a claim that does not occur during the policy period? AReinstatement provision BInsuring clause COwnership provision DConsideration clause - Answer -B insuring clause The insuring clause specifies the time frame of the policy period which is generally one year. Therefore, accidents or illnesses occurring prior to the p...

NC Health Insurance Exam Pearson Vue Questions with Correct Solutions Pure Risk - Answer -chance of loss or no loss but not gain insurable Speculative Risk - Answer -there is possibility of loss but of gain no insurablility exposure unit - Answer -subject to loss peril - Answer -cause of loss life insurance - Answer -death Health insurance - Answer -accident and sickness hazard - Answer -increases the likelihood or severity of loss Three types of hazard - Answer -physical, moral, morale...

Pearson Vue Comprehensive Exam Part 1 Questions with Correct Solutions 2024 Admitted life insurance must pay interest, at a rate specified by life, on death benefits from the date of the insured's death, through how many days following the date the insurer receives the claim? a. 15 days b. 20 days c. 30 days d. 31 days - Answer -c. 30 days The policy loan amount cannot exceed the __________________. a. The cumulative premiums paid b. The loan balance c. Available cash surrender value...

Pearson Vue Comprehensive Exam Part 2 with Verified Solutions 2024 Which of the following statements about Equity Indexed Life insurance is TRUE? a. The policyowner can decide which separate accounts to invest the policy's cash values into b. The insured/owner bears all risk regarding cash surrender value, as negative stock market performance can cause the cash values to decrease c. The interest credited to the policy is based off of the performance of a stock market index like the S&P 5...