Shauna hurt her back and was unable to work. She filed a claim under her disability income insurance policy. Under terms of the policy, a period of time must pass between when the injury occurred and when the insurer begins to replace lost earnings. This time period is called a(n):

JKL Insurance Company reported the following information on its accounting statements last year: Premiums Written $90,000,000Loss Adjustment Expenses $5,000,000Underwriting Expenses 30,000,000Premiums Earned $100,000,000Incurred Losses $70,000,000 What was JKL’s combined ratio last year?

Janice purchased a living room set for $1,000 and insured this furniture on an actual cash value basis. Two years later the living room set was destroyed by a covered peril. At the time of loss, the property had depreciated in value by 25 percent. The replacement cost of the furniture at the time of loss was $1,200. Assuming no deductible, how much will Janice receive from her insurer? 

Vesting refers to:

Which of the following statements about recent developments in employer-sponsored health plans is true?

The exclusion of flood in a homeowners policy is an example of an:

Vesting refers to:

Nancy’s employer provides an interesting employee benefit plan. Each employee is given 250 employee benefit credits to spend. A wide array of benefits is available, and the employee uses benefit credits to select the benefits that he or she wants. This type of employee benefit plan is called a(n):

The period of time during which an employee can sign up for group insurance coverage without furnishing evidence of insurability is called a(n):

By misrepresenting the true facts, Gretchen was able to convince someone to replace an existing life insurance policy with another company and to purchase a new policy from the company that Gretchen represents. Gretchen has engaged in an illegal sales practice called: