Insurance License Exam Actual Topics With Answers

Hazard {Ans: A circumstance that increases the likelihood of a loss.}Juvenile Life {Ans: Any life insurance written on the life of a minor.}Face {Ans: The first page of a policy.}Hazard, Physical {Ans: A type of hazard that arises from the physical characteristics of an individual, such as a physical disability due to either current circumstance or a condition present at birth.}Accumulation Period {Ans: The time before an annuitant's retirement during which the annuitant is making payments or investments in an annuity.}Implied Authority {Ans: Authority that is not expressed or written into the contract, but which the agent is assumed to have in order to transact the business of insurance for the principal.}