Insurance fx Study guides, Class notes & Summaries

Exam FX, VA Property & Casualty Insurance Exam | 303 Questions and Answers | 100% verified

Health Insurance (Exam FX) 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 company which agrees to pay the insured/beneficiary for losses caused by specific events Principal - Insurer, company who issues insurance policies Policyowner...

Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A An insurer decides to renew a policy but at a higher premium rate, starting on the renewal date. How many days in advance must the insured be notified? a) 30 b) 60 c) 90 d) 100 - -b How is the Commissioner of Insurance placed in office? a)By NAIC nomination b)Through a bid process c)An election at the same time that other state officials are selected d)An appointment by the Governor - -d An ins...

Health Insurance (Exam FX)-with 100% verified solutions-2023-2024

Agent/Producer CORRECT ANSWER 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) CORRECT ANSWER a person applying for insurance Broker CORRECT ANSWER an insurance producer not appointed by an insurer and is deemed to represent the client Insurance Policy CORRECT ANSWER a contract between a policyowner (and/or insured) and an insurance company which agree...

The causes of loss insured against in an insurance policy are known as - Perils Before an insurer will pay any loss under a policy, what is usually required from the insured? - Proof of loss An insured works outside the home. The insured's sister lives with him and cares for his four children. When the insured's home is severely damaged by fire, the family moves into an apartment while repairs are being made. The largest apartment available in the area has two bedrooms, so the insured's...

Exam FX Life Insurance Final Exam questions with accurate answers. 100% Verified. A buyer's guide -ANS/QUIZ The entire contract includes all of the following EXCEPT... The death benefit is not increased -ANS/QUIZ All of the following statements about indexed whole life insurance EXCEPT... A Warranty -ANS/QUIZ What guarantees that the information explained in the insurance contract is true? (1) the policy, (2) a copy of the application, and (3) any riders or amendments. -ANS/QUIZ T...