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ALABAMA LIFE AND HEALTH INSURANCE EXAM
2025| BRAND NEW ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT SOLUTIONS|
GUARANTEED VALUE PACK| ACE YOUR GRADES.
what law protects consumers from the circulation of inaccurate or obsolete
information? - (answers)The Fair Credit Reporting Act
Insurers are classified according to their domicile. What are the 3 types of
insurers? - (answers)domestic, foreign, and alien
what type of insurer is a voluntarily formed organization that provides religious
organizations with a representative form of government? - (answers)Fraternal
insurer
the type of insurance company organized to return any surplus money to its
policyholders is known as what? - (answers)mutual company
when agents act within the scope of their contract, their actions will be assumed
to be the actions of whom? - (answers)Insurer
what is the name of the process that insurance companies use to determine if an
applicant is insurable? - (answers)underwriting
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if an insurer needs to obtain information about the applicant from investigators,
what is the insurer required to do? - (answers)provide the aplicant with a
Disclosure Authorization Notice
what type of insurer is formed under the laws of another country? -
(answers)Alien
when risks with higher probability of loss are seeking insurance more often than
other risks, is known as what? - (answers)adverse selection
when does an insurance policy go into effect? - (answers)when to policy is
delivered and the premium is paid.
according to the Law of Agency, a principal is represented by whom? -
(answers)an agent or producer
what type of risk is insurable? - (answers)pure
who owns stock companies? - (answers)stockholders
what entities make up the Medical Information Bureau? - (answers)Insurers
ALABAMA LIFE AND HEALTH INSURANCE EXAM
2025| BRAND NEW ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT SOLUTIONS|
GUARANTEED VALUE PACK| ACE YOUR GRADES.
what law protects consumers from the circulation of inaccurate or obsolete
information? - (answers)The Fair Credit Reporting Act
Insurers are classified according to their domicile. What are the 3 types of
insurers? - (answers)domestic, foreign, and alien
what type of insurer is a voluntarily formed organization that provides religious
organizations with a representative form of government? - (answers)Fraternal
insurer
the type of insurance company organized to return any surplus money to its
policyholders is known as what? - (answers)mutual company
when agents act within the scope of their contract, their actions will be assumed
to be the actions of whom? - (answers)Insurer
what is the name of the process that insurance companies use to determine if an
applicant is insurable? - (answers)underwriting
, 2|Page
if an insurer needs to obtain information about the applicant from investigators,
what is the insurer required to do? - (answers)provide the aplicant with a
Disclosure Authorization Notice
what type of insurer is formed under the laws of another country? -
(answers)Alien
when risks with higher probability of loss are seeking insurance more often than
other risks, is known as what? - (answers)adverse selection
when does an insurance policy go into effect? - (answers)when to policy is
delivered and the premium is paid.
according to the Law of Agency, a principal is represented by whom? -
(answers)an agent or producer
what type of risk is insurable? - (answers)pure
who owns stock companies? - (answers)stockholders
what entities make up the Medical Information Bureau? - (answers)Insurers
