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WebCE Exam with Complete Solutions | Verified & Updated 2024
WebCE Exam with Complete Solutions | Verified & Updated 2024 On what basis are benefits payable under a long-term care insurance policy typically triggered? A) the diagnosis of an acute medical condition B) the number and types of medications prescribed C) the inability to perform of medications prescribed D) all of the above - Answer ️️ -C) The inability to perform defined ADLs The inability to perform defined ADLs. Benefits payable under a long-term care policy are typically based ...
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- • 23 pages •
WebCE Exam with Complete Solutions | Verified & Updated 2024 On what basis are benefits payable under a long-term care insurance policy typically triggered? A) the diagnosis of an acute medical condition B) the number and types of medications prescribed C) the inability to perform of medications prescribed D) all of the above - Answer ️️ -C) The inability to perform defined ADLs The inability to perform defined ADLs. Benefits payable under a long-term care policy are typically based ...
WebCe - Commercial Lines 101 Exam Questions and Answers | Verified & Updated 2024
WebCe - Commercial Lines 101 Exam Questions and Answers | Verified & Updated 2024 What is the underwriter's goal? - Answer ️️ -To write a book of business in which the actual losses approximate the expected losses. Gertrude is going to become an insurance agent. She would like to work in an agency that represents many different insurance companies. Gertrude will go to work for a(n) - Answer ️️ - Independent agency When a client suffers a loss, MegaInsurers is expected to respond ...
- Exam (elaborations)
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WebCe - Commercial Lines 101 Exam Questions and Answers | Verified & Updated 2024 What is the underwriter's goal? - Answer ️️ -To write a book of business in which the actual losses approximate the expected losses. Gertrude is going to become an insurance agent. She would like to work in an agency that represents many different insurance companies. Gertrude will go to work for a(n) - Answer ️️ - Independent agency When a client suffers a loss, MegaInsurers is expected to respond ...
WebCe - Commercial Properties questions and answers with 100% Correct Answers
WebCe - Commercial Properties questions and answers with 100% Correct Answers A tornado severely damages one of Major Manufacturing's plants. As a result of the damage, Major Manufacturing is forced to curtail its operations during the 6 months needed to complete repairs. The resulting loss of income suffered by Major Manufacturing is referred to as - Answer ️️ -a time element loss. Which of the following describes a feature of standard commercial property policies? - Answer ️️ -...
- Exam (elaborations)
- • 13 pages •
WebCe - Commercial Properties questions and answers with 100% Correct Answers A tornado severely damages one of Major Manufacturing's plants. As a result of the damage, Major Manufacturing is forced to curtail its operations during the 6 months needed to complete repairs. The resulting loss of income suffered by Major Manufacturing is referred to as - Answer ️️ -a time element loss. Which of the following describes a feature of standard commercial property policies? - Answer ️️ -...
Life and Health Insurance Exam Webce Questions and Answers | 100% Correct | Verified & Updated
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Webce life health Florida Exam Questions and Answers | Verified & Updated 2024
Webce life health Florida Exam Questions and Answers | Verified & Updated 2024 Rory's parents offered to buy him a new car to take to college, but Rory turned them down because he was afraid the car would be stolen or damaged if he parked it on campus. In deciding not to own a car, what risk management technique did Rory employ? - Answer ️️ -risk avoidance Which of the following is most likely to be an insurable risk? - Answer ️️ -The chance that a fire will destroy a building T...
- Exam (elaborations)
- • 36 pages •
Webce life health Florida Exam Questions and Answers | Verified & Updated 2024 Rory's parents offered to buy him a new car to take to college, but Rory turned them down because he was afraid the car would be stolen or damaged if he parked it on campus. In deciding not to own a car, what risk management technique did Rory employ? - Answer ️️ -risk avoidance Which of the following is most likely to be an insurable risk? - Answer ️️ -The chance that a fire will destroy a building T...
Webce Insurance test questions with verified answers
Webce Insurance test questions with verified answers Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 - Answer ️️ -10 days Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she sa...
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- • 87 pages •
Webce Insurance test questions with verified answers Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 - Answer ️️ -10 days Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she sa...
Webce Life and Health Exam Questions and Answers | Verified & Updated 2024
Webce Life and Health Exam Questions and Answers | Verified & Updated 2024 Representations and Warranties - Answer ️️ -Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments - Answer ️️ -Two related insurance company functions. Through the process of _________, applications are assessed for insurability and ...
- Exam (elaborations)
- • 58 pages •
Webce Life and Health Exam Questions and Answers | Verified & Updated 2024 Representations and Warranties - Answer ️️ -Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments - Answer ️️ -Two related insurance company functions. Through the process of _________, applications are assessed for insurability and ...
webce test questions and answers | Verified & Updated 2024 | 100% Correct
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WebCE: Long-Term Care: Programs, Policies, and Partnerships Exam with 100% Correct Answers | Verified & Updated 2024
WebCE: Long-Term Care: Programs, Policies, and Partnerships Exam with 100% Correct Answers | Verified & Updated 2024 What is the Primary Goal of Long Term Care - Answer ️️ -To maintain functionality Which of the following most precisely defines the fundamentals of self-care and the basic tasks of life? - Answer ️️ -Activities of daily living Long Term Care occurs only in nursing facilities. - Answer ️️ -False On what basis are benefits payable under a long term care insurance p...
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- Exam (elaborations)
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WebCE: Long-Term Care: Programs, Policies, and Partnerships Exam with 100% Correct Answers | Verified & Updated 2024 What is the Primary Goal of Long Term Care - Answer ️️ -To maintain functionality Which of the following most precisely defines the fundamentals of self-care and the basic tasks of life? - Answer ️️ -Activities of daily living Long Term Care occurs only in nursing facilities. - Answer ️️ -False On what basis are benefits payable under a long term care insurance p...
Annuity – WebCE Exam Questions with Verified Answers | 100% Correct | Verified & Updated 2024
Annuity – WebCE Exam Questions with Verified Answers | 100% Correct | Verified & Updated 2024 Annuitization is - Answer ️️ -Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - Answer ️️ -A specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) that annuities are well suited for late-life retirement planning? - Answer ️️ -...
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- Exam (elaborations)
- • 5 pages •
Annuity – WebCE Exam Questions with Verified Answers | 100% Correct | Verified & Updated 2024 Annuitization is - Answer ️️ -Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - Answer ️️ -A specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) that annuities are well suited for late-life retirement planning? - Answer ️️ -...
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
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