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5 Written questions

5 Matching questions

  1. New Business Department
  2. Embezzlement
  3. Lapse in coverage
  4. Fraud
  5. Health Insurance
  1. a a break in continuous insurance coverage
  2. b deception to cause a person to give up property or something of lawful right
  3. c processes new business acquired by the company and Department also schedules physical examination for policies that require evidence of insurability
  4. d is the act of an employee illegally taking funds from a company they work for
  5. e covers medical and hospital services. Such policies are sold as individual or group policies

5 Multiple choice questions

  1. pays a benefit to the beneficiary in the event of the insured person's death by accidental means
  2. an employer or individual purchases an insurance plan and agrees to pay premiums to the insurance company
  3. the processing of claims in a correct and timely manner
  4. issued to insure the life or health of a named person or persons
  5. The dollar amount based on two concepts: (1) the degree of wrongfulness and (2) the wealth of the defendant

5 True/False questions

  1. Compensatory Damagesare designed to compensate an insured for all of the actual losses or damages to make that person whole again


  2. Life Insurancecoverage on a person's life


  3. Actuarial Statisticsresponsible for ensuring that the company's operation are conducted on a mathematically sound basis


  4. Insurancecoverage on a person's life


  5. Legal Departmentmakes sure that the company's operations comply with federal, state, and local laws and with the Department of Insurance regulations