F1310 EST CO-10 29. Insurance companies use actuarial data to measure: a. the cr
ID: 2786593 • Letter: F
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F1310 EST CO-10 29. Insurance companies use actuarial data to measure: a. the creditworthiness of a given population. b. the risk of loss for a given population. c. the wealth of a given population. d. the gross productivity of a given population. e. the consumer price index of a given population. 30. The first step in buying property and liability insurance is to develop a(n). a. list of insurance agents offering insurance b. inventory of exposures to loss c. statement of premiums of five different insurance companies d. list of floater policies 31. The method is the most accurate method of determining the amount of life insurance coverage needed for an individual. a. human life value b. multiple earnings c. risk assessment d. economic identification e. needs analysis 32. Standard homeowner's policies will not include coverage for damage done by a. fire b. flood c. lightning d. wind 33. represents the initial amount that's not covered by the policy and thus must be paid by the insured. a. The deductible b. The co-insurance c. The copayment d. The premium 34. Insurance companies make profit by: a. charging consultation fees to the insured. b. avoiding the risk of loss of the insured. c. charging underwriting fees from insurance agents. d. paying out less than the sum of the premiums and the earnings on them. e. giving less than the amount mentioned in the policy to the insured. Copyright Cengage Leaming. Powered by Cognero.Explanation / Answer
24. In order to qualify for disability insurance under social security, a person must be unable to carry out the duties of the current job.
Other requirements:
1. Social Security decides that you cannot adjust to other forms of work because of this medical condition, and
2. Your disability has lasted or is expected to last for at least one year or to result in death.
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