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Insurance Questions and Answers (Q&A)

J. Emmerich, Web Content Writer
Answered: Feb 14, 2019
A conditional premium receipt is issued when the applicant pays the first premium of their life insurance. Assuming the applicant meets all requirements, the conditional premium receipt would...Read More

2 Answers

1162 views
C. Lopez, Chauffer
Answered: May 24, 2019
Proximate cause occurs when there is an unbroken chain of events resulting in a loss or the sufficient cause of loss or damage. Proximate cause is whatever sets off the chain of events that cause...Read More

2 Answers

628 views
John Smith
Answered: Jan 23, 2022
A binder may be oral or written

1 Answer

628 views
H. Jones, Web Content Writer
Answered: Feb 11, 2019
Many people get life insurance policies for themselves in case they pass away. The reason is because when someone dies, there are expenses with the funeral and other aspects. The family must pay...Read More

2 Answers

509 views
John Smith
Answered: Jan 23, 2022
They invest heavily in short-term highly marketable securities

1 Answer

504 views
Fsspc
Answered: Jan 23, 2022
Signatures of the parties involved

D is correct. The four requirements for forming a valid contract are competent parties, a legal purpose, offer and acceptance, and consideration. Oral...Read More

1 Answer

461 views
John Smith
Answered: Jan 23, 2022
Complex Sentence

A complex sentence has a base of a complete sentence with a subject, verb, and words to complete the thought . A complex sentence also adds additional information in...Read More

1 Answer

368 views

There are 3 to 4 requirements should an insurance policy have a declaration, policy agreement, terms, and conditions. policy period and premium amount.

1 Answer

361 views
John Smith
Answered: Jan 23, 2022
Road construction grader
Bulldozer

Both of these items are specifically listed in the policys definition of mobile equipment. An auto is a land motor vehicle, trailer, or...Read More

1 Answer

355 views
J. Goodman, Web Content Writer
Answered: Aug 14, 2019
Some people use insurance agent and broker interchangeably probably because both professions will have the ability to sell insurance. The main difference between the two is to whom they work for....Read More

3 Answers

337 views
John Smith
Answered: Jan 23, 2022
The cost of repairing the neighbor s fence that Mitchell damaged due to the negligent operation of his car

1 Answer

315 views
John Smith
Answered: Jan 23, 2022
Policy dividends are an intentional return of a portion of the premiums paid.

1 Answer

310 views
J. Harty, Writer
Answered: Aug 28, 2019
Business is a thing almost everyone is involved in one way or the other. But businesses vary in levels and sizes. Some businesses are on a subsistence basis while some others can be on a...Read More

2 Answers

309 views
John Smith
Answered: Jan 23, 2022
Waiver. The legal definition of waiver is the intentional relinquishment of a known right. Sometimes an insurer or its agent might overlook a provision that might have been grounds for deny...Read More

1 Answer

307 views
John Smith
Answered: Jan 23, 2022
The agent cannot transact any insurance business for which a valid, active license is required

1 Answer

298 views
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