Insurance Testing | Mock Test 1 An amendment to insurance policy that becomes a part of the insurance contract and that either expands or limits the benefit payable under the contract is a. dividend option b. policy term c. policy rider d. retrocession 2 If …
Insurance Testing | Mock Test 1 Owners of mutual insurance companies are a. Subscribers b. Individual Investors c. Stock holders d. Its policy holders 2 Owners of stock insurance companies are a. Its policy holders b. Individual Investors c. Stock holders d. Subscribers 3 Which …
Insurance Testing | Mock Test 1 ___________ risk are insuable a. Pure b. Speculative c. Actual d. expected 2 __________person who decides weather to accept the risk or not? a. binder b. underwriter c. intermediary d. agent 3 A company which covers insurance for all …