Zusammenfassung der Ressource
Frage 1
Frage
A ________ insurance company is owned by its policyholders.
Frage 2
Frage
If an insurance company wants to transfer all or part of the risk it has accepted, it would buy which of the following types of insurance?
Antworten
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Residual
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Reinsurance
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Reciprocal
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Insurer
Frage 3
Frage
Which of the following in an insurance company that is organized under the laws of another state within the United States?
Antworten
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Domestic
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Alien
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Foreign
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Authorized
Frage 4
Frage
Which insurance company department accepts the insurance risk?
Antworten
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Executive
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Actuarial
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Claims
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Underwriting
Frage 5
Frage
Which of the following individuals represents the insurance company when selling an insurance policy?
Antworten
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Producer
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Broker
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Adjuster
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Insurer
Frage 6
Frage
Which of the following type of authority does the public assume an agent has when quoting insurance?
Antworten
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Authorized
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Express
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Implied
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Apparent
Frage 7
Frage
A producer has each of the following responsibilities to the Insurer, EXCEPT:
Antworten
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A fiduciary duty
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Forwarding premiums to the insurer on a timely basis
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Reporting material facts that may affect underwriting
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A duty to recommend only high premium policies
Frage 8
Frage
A federal regulation called the ________________ protects consumer privacy.
Frage 9
Frage
Dishonest tendencies that increase the probability of loss are what types of hazard?
Antworten
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Physical
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Moral
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Emotional
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Legal
Frage 10
Frage
Each of the following must be included in an insurable risk, EXCEPT:
Antworten
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Calculable chance of loss
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Excluded catastrophic perils
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Large group with dissimilar members
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Accidental losses
Frage 11
Frage
Which principle of insurance restores the insured to the same economic condition that existed before the loss?
Antworten
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Indemnity
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Insurability
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Adhesion
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Underwriting
Frage 12
Frage
Each of the following is an element of a legal contract, EXCEPT:
Antworten
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Consideration
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Legal Purpose
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Agreement
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Indemnity
Frage 13
Frage
A warranty is defined as which of the following?
Antworten
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Intentional misrepresentation on the application
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Statement in the application that is guaranteed to be true
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A false statement in the application
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What a reasonable and prudent buyer can expect
Frage 14
Frage
Each of the following is a factor considered by an underwriter, EXCEPT:
Antworten
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Age
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Marital status
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Gender
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Hazardous occupation