What is involved when a life insurance policy has been backdated?

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What is involved when a life insurance policy has been backdated?

a) Setting a policy's effective date prior to a preexisting condition
b) Redating a policy after it has been issued
c) Reinstating a lapsed policy
d) Making the policy effective on an earlier date than the present

Answer: d) Making the policy effective on an earlier date than the present

WA Life Insurance

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

In insurance,

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Clinical Laboratory Improvement Act (CLIA) legislation established __________ for all laboratory testing to ensure the accuracy, reliability, and timeliness of patient test results regardless of where the test was performed.

Clinical Laboratory Improvement Act (CLIA) legislation established __________ for all laboratory testing to ensure the accuracy, reliability, and timeliness of patient test results regardless of where the test was performed. Answer: quality standards

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The pro rata liability clause is designed to protect the principle of
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The pro rata liability clause is designed to protect the principle of
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In an insurance contract, the applicant's "consideration" is the
Agents may be found guilty of defamation if they make a false statement that is intended to?
How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
What documentation grants express authority to an agent?
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All of the following statements are true regarding installments for a fixed amount EXCEPT
Fraternal Benefit Society has each of the following characteristics EXCEPT
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A securities license is required for a life insurance producer to sell
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Purchasing a life insurance policy in order to avoid the forced sale of assets upon death is called
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All of the following are true regarding rebates EXCEPT
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All of the following are true of key person insurance EXCEPT
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Items stipulated in the contract that the insurer will not provide coverage for are found in the
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Insurance represents the process of risk
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What documentation grants express authority to an agent?

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