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- 11 which of the following types of insurance best satisfies the need for permanent insurance protection A endowment B term C whole life D annuityPractically demonstrate how the Principle of Outmost Good Faith the growth of Marine Insurance?B. Demonstrate how the credit risk management issue(s) in the Washington Mutual case can be resolved through the application of a risk management model
- 3 - Which of the following bills has the right to receive it?A) BondB) Bill of ladingC) StockD) WarrantE) Redeemed shareq) Explain, with reasons, whether or not the increase in thebad debt provision increases audit risk and describeappropriate tests you would carry out on the provision.82) Which of the following is an example of an action done by a firm to conduct structuring? a) Stock buy-back b) Leveraged buy-out c) Either A and B d) Neither A nor b
- 7 which of the following statements is correct about an ordinary life policy A premium payment can be increased or decrease at the discretion of the premium payer B the beneficiary designation can be changed to another person only if that person a medical examination C the policy owner may borrow against the cash value of the policy D The named beneficiary must submit evidence of continuing insurable interest in the life of the insured4 which of the following policies allows the insured to continue the policy at the end of the policy term with no questions insured, even the insured's death A decreasing term B non-convertible term CEndowment D renewable termIf an insurer wishes to cancel a health insurance policy, it can do so: OA B. O C O D. in Florida as long as premiums are returned on a short-rate basis with a 45-day notice to the policyholder with notice to the Department of Financial Services as long as no daim is pending