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Questions and Answers
When an individual with a pre-existing condition is in an automobile accident and the insurance covers rehabilitaion only to the level of the condition prior to the accident, this is because of which of the following principles?
When an individual with a pre-existing condition is in an automobile accident and the insurance covers rehabilitaion only to the level of the condition prior to the accident, this is because of which of the following principles?
- indemnity (correct)
- adhesion
- reasonable exceptions
- good faith
Which of the following is one of the ways the Gramm-Leach Billy Act affects the insurance industry?
Which of the following is one of the ways the Gramm-Leach Billy Act affects the insurance industry?
- It provides for the functional deregulation of the insurance activities in each state
- it provides for the functional deregulation of insurance activities in each state
- It establishes which insurance product's bank and bank subsidiaries may provide a principal (correct)
- It directs the Federal banking agencies to cancel consumer protections governing bank insurance sales
What policy provisions specifics a certain value that will meet the coinsurance requirement?
What policy provisions specifics a certain value that will meet the coinsurance requirement?
- agree 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 an insurance policy?
Which of the following describes why the insuring agreement is the heart of an 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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