Boomamor2

A nurse in a mental health clinic is assessing a client who was brought in by her adult daughter stating that her mother has not been able to leave her home for weeks because she is afraid to be outdoors alone. the nurse should anticipate planning care for managing which of the following phobias? a. Xenophobia b. Acrophobia c. Mysophobia d. Agoraphobia - d. Agoraphobia Agoraphobia is an irrational fear about being in places or circumstances where the client would not have help in the event ...

Continuous Premium Whole Life - Premiums are the same each year for the duration of the policy, if policyowner continues to make payments they will receive cash value of policy. - Also called straight life or ordinary life - endows at age 100 Limited-Payment Whole Life - Allow for a lifetime of premiums to be paid in a shorter period of time - 10 pay or 20 pay - premiums payable in 10-20 level annual installments - life paid up at age 65 - level annual installments from date of purchase t...

The process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? - Underwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible for the cost of the examination? - Foreign company Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability Limits of 50/100. It...

Accumulated Depreciation - The total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula...

The process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? - Underwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible for the cost of the examination? - Foreign company Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability Limits of 50/100. It...

A set of terms and descriptions from the exam study guide Abandonment - the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - an unplanned, unforseen event which occurs suddenly and at a spec...

Select the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: Select the single best answer: A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. B. If the insured does not rebuild, the time necessary for the insured to relocate in permanent living quarters, but not to exceed 24 months. C. ALE payments can run beyond the expiration of the policy. D. ALE payments are limited to incurred costs for the sho...

A producer or business entity shall report to the Commissioner any administrative action taken against the producer within: - 30 days Richard is thinking about transferring some of the ownership rights of his policy to his brother Randy. What term is used for this type of transfer? - Assignment Jeff has limited financial resources, but finds himself in a position where he needs a good deal of protection. A __________would probably best suit his needs at this time. - Term policy On November 5,...

The life insurance rider that pays the face amount plus the total premiums paid into the policy is known as: - Return of premium What kind of company can the Commissioner file a complaint to enjoin and restrain from continuing violations of the insurance regulations of Colorado? - Foreign or alien Does a loan on the cash value of a life insurance policy accrue interest, and if so, how is the interest handled? - Yes, the interest can be paid annually, or added to the loan. What approach calcul...

If an insured under a variable life insurance policy dies, how will the insurer respond to outstanding policy loans the loan amounts are deducted from the death benefit A policy owner who is also the insured wants to name her husband as the beneficiary of her policy. She also wishes to retain all of the rights of ownership. The policy owner should have have her husband named as. revocable beneficiary Which rider, when attached to a permanent life insurance policy, provides an amount of insur...