A domestic insurer is:

a. An insurance company conducting business in a foreign country.

(b.) An insurance company conducting business in the state in which it is incorporated.

c. An insurance company conducting business in a state in which it wasn't incorporated.

d. Always unauthorized

Answer: B

State 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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Which is generally true regarding insureds who have been classified as preferred risks

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A securities license is required for a life insurance producer to sell
Which of the following statements about accumulated interest earned on dividends from an insurance policy is TRUE?
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Insurance represents the process of risk
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