Washington Life/Health Insurance Study guides, Class notes & Summaries

policy owner - ANSWER usually, but not always the person covered by the policy beneficiary - ANSWER the person who is paid when a claim is submitted agent/producer - ANSWER acts as a legal representative of the insurance company broker - ANSWER representative of the Insured, not the insurance company risk - ANSWER The chance or uncertainty of loss Pure risk - ANSWER the chance of experiencing a loss (without the possibility of gain). Only downside, no upside. Speculative ri...

WASHINGTON LIFE/HEALTH INSURANCE EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED. policy owner - -usually, but not always the person covered by the policy beneficiary - -the person who is paid when a claim is submitted agent/producer - -acts as a legal representative of the insurance company broker - -representative of the Insured, not the insurance company risk - -The chance or uncertainty of loss Pure risk - -the chance of experiencing a loss (without the possibility of gain). Only dow...

Washington Life/Health Insurance Exam Latest Update Graded A+ policy owner usually, but not always the person covered by the policy beneficiary the person who is paid when a claim is submitted agent/producer acts as a legal representative of the insurance company broker representative of the Insured, not the insurance company risk The chance or uncertainty of loss Pure risk the chance of experiencing a loss (without the possibility of gain). Only downside, no upside. S...

Policy owner - correct answer usually, but not always the person covered by the policy Beneficiary - correct answer the person who is paid when a claim Is submitted Agent/producer - correct answer acts as a legal representative Of the insurance company Broker - correct answer representative of the insured, not the insurance company Risk - correct answer the chance or uncertainty of loss Pure risk - correct answer the chance of experiencing a loss (without the possibility of ga...

Washington Life/Health Insurance Exam | 100% Verified with complete solution policy owner - usually, but not always the person covered by the policy beneficiary - the person who is paid when a claim is submitted agent/producer - acts as a legal representative of the insurance company broker - representative of the Insured, not the insurance company risk - The chance or uncertainty of loss Pure risk - the chance of experiencing a loss (without the possibility of gain). Only down...