Limit of liability is more commonly referred to as ______________ in the life and health insurance field.
A) Maximum benefit amount
B) Maximum time limit
C) Maximum deductible amount
D) Maximum claim amount
Correct Answer:
Verified
Q1: The concept of indemnity means
A)Insurance restores the
Q2: Risks are not all equally insurable. As
Q3: If an insured individual is indemnified for
Q4: Insurance transacted across state lines is deemed
Q5: If a debtor is unable to pay
Q7: The McCarran-Ferguson Act of 1974 states:
A)Federal government
Q8: As an insurer, if you choose to
Q9: Which of the following protects the insured
Q10: Disclosure authorization must be given to applicants:
A)When
Q11: The majority of insurance regulation takes place
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