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Author: Anonymous (page 59,076)

What is the legal significance of a material misrepresentati…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
What is the legal significance of a material misrepresentation in an insurance application?
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Amy heads the legal staff of a large property and liability…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
Amy heads the legal staff of a large property and liability insurance company. Amy’s staff is likely involved in which of the following activities?
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Functions of an insurance company’s legal department include…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
Functions of an insurance company’s legal department include which of the following?I.Lobbying for legislation favorable to the insurance industry.II.Drafting policy provisions.
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Factors that may result in more restrictive underwriting dec…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
Factors that may result in more restrictive underwriting decisions include which of the following?I.Inadequate rates.II.The unavailability of reinsurance at favorable terms.
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Liability items on an insurer’s balance sheet that reflect o…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
Liability items on an insurer’s balance sheet that reflect obligations that must be met in the future are called
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The primary function of an actuary is to

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
The primary function of an actuary is to
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Which of the following statements about subrogation is true?

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
Which of the following statements about subrogation is true?
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All of the following are reasons for a primary insurer to us…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
All of the following are reasons for a primary insurer to use reinsurance EXCEPT
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Which of the following types of insurance policies can usual…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
Which of the following types of insurance policies can usually be assigned without the insurer’s consent?I.Life insuranceII.Property insurance
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The underwriting process begins with the

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
The underwriting process begins with the
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