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Which type of insurance protects an agent and even pays claims if a lawsuit isbrought against the agent as a result of failing to provide a service to a client?Answer- Errors and Omissions InsuranceWhich of the following terms is known as the voluntary relinquishment of a givenright or privilege? Answer- WaiverThis Supreme Court case placed […]

Risk – correct answer the chance of financial lossRisk is NOT the loss itself, but the _ of loss. – correct answer CHANCEPolicy – correct answer a written contract for effecting insurance and includes Clauses, Riders,endorsements, and papers which are part of the contractInsurance – correct answer a contract where one undertakes to indemnify another

Whole Life Policies Answer- – Ordinary (Straight) Life Download the full pdf here https://learnexams.com/search/study?query=

The policy period is found in what part of an insurance contract? – correct answerDeclarationsInsurance policies are said to be contracts of… – correct answerAdhesionThe failure to exercise due care is known as – correct answerNegligenceA building is destroyed by flood. The loss of profits from renting the building is – correct answerIndirectLossThe notice required

Which of the following laws requires an insurer to notify an applicant in writingthat an investigative consumer report may be made on the applicant?-Uniform Provisions Law.-Freedom of Information Act.-Medical Information Bureau Disclosure Act-Fair Credit Reporting Act (Insurance Information and Privacy Protection Act)CORRECT ANSWERS Fair Credit Reporting Act (Insurance Information andPrivacy Protection Act)Group health insurance specifies

owners rights – answer if an individual health insurance policy provides a death benefit, thepolicyowner will be able to designate a beneficiary and, unless the beneficiary designation isirrevocable, to change the beneficiary. the power to change the beneficiary is provided in thechange of beneficiary provision. the policyowner also has the right to make any other

If unused mortar stiffens due to hydration of cement, what must you do? – correct answerDiscard themortarWhat minimum time must you wait before caulking or grouting new tiles? – correct answer24-48 HoursHow long should you wait before installing tile on a shower pan? – correct answer24 HoursUnstable dry rock, angular gravel, sandy loam, and cohesive

If a magma chamber undergoes fractional crystallization during cooling, how will the remaining magmadiffer from the parent magma? – correct answer It will be more felsicWhat type of magma can be produced when upper-mantle peridotite undergoes decompression alongmid-ocean ridges? – correct answer basalticMineral – correct answer -Naturally ocurring-inorganic element or compound-has an orderly internl structure

What is the age of our solar system? – correct answer -4.6 GaIn which layer of the earth could you most likely find O, S, Fe, Ni? – correct answer -Outer CoreIn which layer of the earth could you most likely find Fe, Ni? – correct answer -Inner CoreIn which layer of the earth could

What is the principle of superposition? – correct answer -In a sequence of undisturbed layered rocks, theoldest rocks are on the bottom.What is the principle of horizontality? – correct answer -1. Layered strata are deposited under theinfluence of gravity as horizontal or nearly horizontal or nearly parallel to the Earth’s surfaceWhat is the principle of