Benefits under a medical expense policy are provided through which of the following methods?

(a.) Indemnity

b. Cash payment

c. Valued

d. None of the above

Answer: A

State Insurance

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All of the following are considered limited lines of authority EXCEPT
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The pro rata liability clause is designed to protect the principle of
What does the Group Life underwriting risk selection process help protect insurance companies from?
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A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called a(n)
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The pro rata liability clause is designed to protect the principle of
The two major actions required for a policyholder to comply with the Reinstatement Clause are
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Ambiguities in an insurance policy are always resolved in favor of the
In an insurance contract, the applicant's "consideration" is the
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The voluntary relinquishment of a legal right is called
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All of the following statements are true regarding installments for a fixed amount EXCEPT
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Which nonforfeiture option provides coverage for the longest period of time?
Agents who persuade insureds to cancel a policy in favor of another one when it might not be in the insured's best interest are guilty of:
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All of the following entities regulate variable life policies EXCEPT
The pro rata liability clause is designed to protect the principle of
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What is the benefit of choosing extended term as a nonforfeiture option?
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All of the following statements concerning dividends are true EXCEPT:
All of the following are true regarding rebates EXCEPT
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All of the following are elements of an insurance policy EXCEPT
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All of the following are true of key person insurance EXCEPT
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The requirement that agents not commingle insurance monies with their own funds is known as
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Circulating deceptive sales material to the public is what type of Unfair Trade Practice?
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What is the purpose of establishing the target premium for a universal life policy?
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What documentation grants express authority to an agent?

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