Life and Health Insurance Exam Webce| questions with 100 % correct answers | verified
Risk - Chance of loss Loss - Unplanned reduction of economic value Peril - cause of loss Hazard - a condition that increases the chance of peril Risk Transfer - buying insurance to shift the risk to insurance company Underwriting - assessing applicant to determine insurability Adverse Selection - people with greater risk of loss trying to buy insurance Mutual Companies - owned by policyholders and issue participating polices dividends which aren't guaranteed or taxable Stock Companies - Owned by stockholders whose stock can be publicly traded and pay dividends that are taxable Federal Insurance Programs - Medicare and Social Security State Insurance Programs - Medicaid and Workers' comp Producers Authority - Expressed
Geschreven voor
- Instelling
- Life and Health Insurance Webce
- Vak
- Life and Health Insurance Webce
Documentinformatie
- Geüpload op
- 19 juni 2023
- Aantal pagina's
- 16
- Geschreven in
- 2022/2023
- Type
- Tentamen (uitwerkingen)
- Bevat
- Vragen en antwoorden
Onderwerpen
-
life and health insurance exam webce