![]() definition of replacement. the name and address of the insurance agent or broker4. conditional receipt and the insurers home office address2. ![]() A deductible is a deductible that applies to each separate loss. false, a lump-sum deductible is equal to a specific amount while a percentage of the value of the insured property. Each practice test attempt includes 25 questions from a pool of 130 items across. Study with Quizlet and memorize flashcards containing terms like What must the policy summary in a life insurance policy include1. An aggregated deductible is always a lump-sum deductible. Must act fairly and honestly, and disclose all info needed by the applicant to make well. Must also uphold high standards of commercial honor when dealing w/applicant. Means the producer must always protect insurers interests and follow any lawful instructions from the insurer. Each test is based off of the national Public Adjuster test’s objectives, features questions similar to those on actual tests, and offers both training and testing mode. Have a fiduciary (trust) responsibility to the insurer. The objective is to provide the proper amount of coverage as determined by the value of the individual to his/her dependents using the following factors: - The individual's age and gender - The individual's occupation, annual wage, and planned retirement age - Inflation Needs Analysis Approach determines a need for coverage upon the premature death of an individual. Train for test day and build confidence with Deluxe practice tests from PSI. Study with Quizlet and memorize flashcards containing terms like Liability Insurance PAP (Part A), Coverage Part A through F of a PAP, Certificate of Insurance (COI) and more. What is an open peril Coverage on all perils except for those specifically excluded on a policy. ![]() Human Life Value approach is a measure of the projected future earnings and services of a person at risk in the event of a premature death. Coverage for only the named perils on a policy.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |