Life Insurance Prep

Descripción

License (Practice Exam) Life Insurance Test sobre Life Insurance Prep, creado por Kaye Tiong el 14/03/2016.
Kaye Tiong
Test por Kaye Tiong, actualizado hace más de 1 año
Kaye Tiong
Creado por Kaye Tiong hace más de 8 años
5
1

Resumen del Recurso

Pregunta 1

Pregunta
The two catagories for risk are:
Respuesta
  • general risk, speculative risk
  • speculative risk, specific risk
  • ideal risk, pure risk
  • pure risk, speculative risk

Pregunta 2

Pregunta
Insurance addresses the issue of speculative risk.
Respuesta
  • True
  • False

Pregunta 3

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

Pregunta 4

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

Pregunta 5

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