Wisconsin Accident and Health Insurance Exam
2026 update|comprehensive questions and
verified answers (complete solutions) GRADE A+!!
Save
Terms in this set (230)
Dividends from a stock company are Shareholders
normally sent to:
Beneficiaries
Shareholders
Policy holders
Insureds
Which of the following financial Life insurance
products creates an instant estate,
no matter when the date of death?
Mutual funds
Life insurance
Certificate of deposit
Deferred annuity
,Which of the following outlines the Producer contract
authority given to the producer on
behalf of the insurer?
Rebating arrangement
Commingling contract
Controlled business clause
Producer contract
Dividends from a mutual insurance Policyholders
company are paid to whom?
Policyholders
Beneficiaries
Preferred stockholders
Stockholders
A stock insurance company is owned Policyowners
by its
Officers
Board directors
Policyowners
Shareholders
A reciprocal insurer typically has an Attorney-in-fact
administrator who manages the
premiums collected from the group's
members. This administrator is called
a(n)
Reciprocal commissioner
Attorney general
Attorney-in-fact
Reciprocal
,which reinsurance contract between Treaty reinsurance
two insurers involves an automatic
sharing of the risks assumed?
Arbitrage reinsurance
Facultative reinsurance
Excess reinsurance
Treaty reinsurance
A group-owned insurance company Risk retention group
that is formed to assume and spread
the liability risks of its members is
known as a
Risk retention group
Treaty insurer
Risk assumption group
Captive insurer
Which group is the Do not Registry Telemarketers
designed to protect against?
Telemarketers
Charities
Political organizations
Relatives
who regulates an insurer's claim State insurance departments
settlement practices?
National Association of Claim
Adjusters
State attorney general
National Association of insurance
Commissioners
State insurance departments
, Which of the following is Not an Not doing a business deal after deciding it would
example of risk retention? be too risky
Becoming aware of a risk and taking
no action
Self-insuring a given risk
Deciding a business deal is risky but
going through with it anyways
Not doing a business deal after
deciding it would be too risky
Which of the following describes the Risk transfer
act of insuring a risk against possible
loss?
Risk avoidance
Risk transfer
Hazard reduction
Loss management
ABC Company is attempting to Reduction
minimize the severity of potential
losses within its company. The
company is engaged in risk
Transference
Retention
Reduction
Avoidance
2026 update|comprehensive questions and
verified answers (complete solutions) GRADE A+!!
Save
Terms in this set (230)
Dividends from a stock company are Shareholders
normally sent to:
Beneficiaries
Shareholders
Policy holders
Insureds
Which of the following financial Life insurance
products creates an instant estate,
no matter when the date of death?
Mutual funds
Life insurance
Certificate of deposit
Deferred annuity
,Which of the following outlines the Producer contract
authority given to the producer on
behalf of the insurer?
Rebating arrangement
Commingling contract
Controlled business clause
Producer contract
Dividends from a mutual insurance Policyholders
company are paid to whom?
Policyholders
Beneficiaries
Preferred stockholders
Stockholders
A stock insurance company is owned Policyowners
by its
Officers
Board directors
Policyowners
Shareholders
A reciprocal insurer typically has an Attorney-in-fact
administrator who manages the
premiums collected from the group's
members. This administrator is called
a(n)
Reciprocal commissioner
Attorney general
Attorney-in-fact
Reciprocal
,which reinsurance contract between Treaty reinsurance
two insurers involves an automatic
sharing of the risks assumed?
Arbitrage reinsurance
Facultative reinsurance
Excess reinsurance
Treaty reinsurance
A group-owned insurance company Risk retention group
that is formed to assume and spread
the liability risks of its members is
known as a
Risk retention group
Treaty insurer
Risk assumption group
Captive insurer
Which group is the Do not Registry Telemarketers
designed to protect against?
Telemarketers
Charities
Political organizations
Relatives
who regulates an insurer's claim State insurance departments
settlement practices?
National Association of Claim
Adjusters
State attorney general
National Association of insurance
Commissioners
State insurance departments
, Which of the following is Not an Not doing a business deal after deciding it would
example of risk retention? be too risky
Becoming aware of a risk and taking
no action
Self-insuring a given risk
Deciding a business deal is risky but
going through with it anyways
Not doing a business deal after
deciding it would be too risky
Which of the following describes the Risk transfer
act of insuring a risk against possible
loss?
Risk avoidance
Risk transfer
Hazard reduction
Loss management
ABC Company is attempting to Reduction
minimize the severity of potential
losses within its company. The
company is engaged in risk
Transference
Retention
Reduction
Avoidance
