Life Insurance Prep

Descrição

License Life Insurance (Practice Exam) Quiz sobre Life Insurance Prep, criado por Kaye Tiong em 14-03-2016.
Kaye Tiong
Quiz por Kaye Tiong, atualizado more than 1 year ago
Kaye Tiong
Criado por Kaye Tiong mais de 8 anos atrás
5
1

Resumo de Recurso

Questão 1

Questão
The two catagories for risk are:
Responda
  • general risk, speculative risk
  • speculative risk, specific risk
  • ideal risk, pure risk
  • pure risk, speculative risk

Questão 2

Questão
Insurance addresses the issue of speculative risk.
Responda
  • True
  • False

Questão 3

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

Questão 4

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

Questão 5

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

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