43 Best Insurance Questions and Answers (Q&A) - ProProfs Discuss

How to describe life insurance policy dividends?

John Smith
Answered: Apr 23, 2024

Policy dividends are an intentional return of a portion of the premiums paid.

1 Answer

348 views

What does it mean if an agents license is inactive?

John Smith
Answered: Apr 23, 2024

The agent cannot transact any insurance business for which a valid, active license is required

1 Answer

336 views

What happens when both parties breach a contract?

John Smith
Answered: Apr 23, 2024

Waiver. The legal definition of waiver is the intentional relinquishment of a known right. Sometimes an insurer or its agent might overlook a provision that might have been grounds for deny...Read More

1 Answer

332 views

What is the name of a liability insurance policy that provides high limits of coverage above underlying coverage and may fill a number of insurance gaps?

John Smith
Answered: Apr 23, 2024

An umbrella policy.

Umbrella policies provide high limits of liability coverage above underlying policy limits and might fill a number of insurance gaps. Both Personal and Commercial...Read More

1 Answer

311 views

How do I convince Farmer Brown that this is real insurance backed by a reputable provider, so that hell let me launch on his land?

John Smith
Answered: Apr 23, 2024

Contact nar hq and request an insurance certificate listing the site owner as an additional insured-faq 18. the nar section can deliver farmer brown an insurance certificate listing the landowner as...Read More

1 Answer

233 views

What is the difference between Annuity and Life Insurance?

Larry Thornton, Student
Answered: Mar 30, 2020

An annuity is a form of insurance that gives an individual the right to receive a certain amount of money over a particular period of time, usually for the rest of one's life. People usually go...Read More

1 Answer

173 views

What is the difference between Hazard Insurance and Homeowners Insurance?

Barry Mclean, Sales Manager
Answered: Jul 12, 2020

A hazard insurance policy is a policy that protects from having to pay for any damages at home. These damages are supposed to be naturally occurring, like fire and more, for example, earthquakes...Read More

2 Answers

104 views

What qualities make you a great insurance agent?

Vaishali
Answered: Aug 31, 2020

Insurance agents help protect their clients from accidental loss of life, property, and legal liability. They have to pass a licensing exam to become eligible to sell the policies. But it d...Read More

1 Answer

92 views

Insurance Questions and Answers (Q&A)

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