Life Insurance Prep

Beschreibung

License Life Insurance (Practice Exam) Quiz am Life Insurance Prep, erstellt von Kaye Tiong am 14/03/2016.
Kaye Tiong
Quiz von Kaye Tiong, aktualisiert more than 1 year ago
Kaye Tiong
Erstellt von Kaye Tiong vor mehr als 8 Jahre
5
1

Zusammenfassung der Ressource

Frage 1

Frage
The two catagories for risk are:
Antworten
  • general risk, speculative risk
  • speculative risk, specific risk
  • ideal risk, pure risk
  • pure risk, speculative risk

Frage 2

Frage
Insurance addresses the issue of speculative risk.
Antworten
  • True
  • False

Frage 3

Frage
In life insurance the insurable interest condition must exist:
Antworten
  • at the time of application only
  • at the time of issue only
  • at time of loss only
  • none of the above

Frage 4

Frage
ABC Insurance Company is incorporated in the State of California. Therefore it would be correct to refer to this insurer as:
Antworten
  • reciprocal
  • interexchange
  • domestic
  • mutual

Frage 5

Frage
ABC Insurance Company raises capital from investors. These investors share in the profits and losses of the insurer. This company would therefore be:
Antworten
  • fraternal
  • assessment
  • mutual
  • stock
Zusammenfassung anzeigen Zusammenfassung ausblenden

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