WFG Exam Questions & Answers | 280
Questions with 100% Correct Answers |
Latest Update | Verified
What is meant by referring to an insurance policy as a unilateral contract? -
✔✔
Only one party makes a
legally enforceable promise
when must insurance records of insurance agents and brokers be made available to the Insurance
Commissioner? -
✔✔
At all time
Any situation that presents that possibility of a loss is known as -
✔✔
a loss exposure
Which of the following information is not required to be communicated in a Life insurance contract? -
✔✔
Personal judgement
the direct distribution of insurance utilizes all of the following to promote the sale of insurance EXCEPT -
✔✔
telephone call from an agent
A contract in which one party promises to indemnify another against loss that arises from an unknown
event is -
✔✔
an insurance policy
All of the occurrences listed below are example of an insurable event as defined by the California
Insurance Code EXCEPT -
✔✔
an insured suffers a financial loss in the state lottery
All of the following statements about aleatory contracts are true EXCEPT -
✔✔
the insured and insurer
contribute equally to the contract
All of the following would be considered unfair trade practices EXCEPT -
✔✔
committing any act of
discrimination whether it be deemed fair or unfair
