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Questions and Answers
When an individual with pre-existing condition is in a automobile accident and the insurance covers rehabilitaion only to the level of the condition prior to the accident this is because which of the following principles?
When an individual with pre-existing condition is in a automobile accident and the insurance covers rehabilitaion only to the level of the condition prior to the accident this is because which of the following principles?
- indemnity (correct)
- adhesion
- reasonable expectations
- good faith
Which of the following is one of the ways the Gram-Leach Baily Act affects the insurance industries?
Which of the following is one of the ways the Gram-Leach Baily Act affects the insurance industries?
- It provides for the functional deregulation of insurance activities in each state
- It provides for the functional deregulation of insurance activities in each state
- It establishes which insurance products bank to bank subsides may provide a principal (correct)
- It directs the Federal banking agencies to cancel consumer protections governing bank insurance sales
What policy provision specifies a certain value that will meet the coinsurance requirement?
What policy provision specifies a certain value that will meet the coinsurance requirement?
- agreed value (correct)
- minimal value
- projected value
- real value
All of the following are TRUE regarding identity theft EXCEPT:
All of the following are TRUE regarding identity theft EXCEPT:
Which of the following describes why the insuring agreement is the heart of insurance policy?
Which of the following describes why the insuring agreement is the heart of insurance policy?
Which of the following hazards is an example of a physical hazard?
Which of the following hazards is an example of a physical hazard?
Which of the following defines the chance of uncertainty of loss?
Which of the following defines the chance of uncertainty of loss?
Which of the following are TRUE regarding assigned risk plans EXCEPT:
Which of the following are TRUE regarding assigned risk plans EXCEPT:
Purchasing boatowners insurance is an example of which?
Purchasing boatowners insurance is an example of which?
Which of the following standards is an agent violating by providing insurance to an insured at a lower identical circumstance?
Which of the following standards is an agent violating by providing insurance to an insured at a lower identical circumstance?
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