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| 19. The principle which states that the insured should not profit from an insurance transaction, is the _____ of _________. |
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| 20. What is it called when an insurer shares a risk with another insurer? |
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| 21. What type of association has a syndicate manager who writes insurance for unusual risks? |
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| 22. Advertisements for insurance, in magazines or by parcel post, are examples under what type of marketing system? |
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| 23. The powers that are stated in a producer's agency contract are known as what type of powers? |
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| 24. The powers that the public assumes a producer has are known as what type of powers? |
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| 25. When an applicant applies for insurance and submits a premimum, this is know as what? |
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| 26. In regard to an insurance contract, which part generally defines or indicates the value that each party gives the other? |
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| 27. One party submitting a "take-it-or-leave-it" contract to another party is a characteristic of what type of contract? |
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| 28. in court of law, any ambiguity found in a policy will go in favor of the insured, because an insurance policy is what type of contract? |
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| 29. What is it called when an applicant provides false information on an application? |
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| 30. Statements made an application that the applicant believes to be true are known as what? |
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| 31. The implied authority of an agent is normally influenced by the _____ authority of the agent. A) Expressed B) Apparent C) Power of Agency D) Implied |
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| 33. When comparing gender, which has the highest mortality rate? (Male or Female) |
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| 34. Which mode of premium is the least expensive overall? |
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