What is the difference between comprehensive and collision insurance in auto policies? Comprehensive covers accidents; collision covers theft. Comprehensive covers all damages; collision covers theft. Comprehensive covers theft and natural events; collision covers accidents. Comprehensive covers only theft; collision covers all damages.

Comprehensive covers theft and natural events; collision covers accidents.

When an insured completed his health policy application, his producer did not take a premium when he submitted it to the insurer. When the producer delivers the policy to the applicant, he needs to do all of the following EXCEPT: Explain the policy and provisions to the applicant. Collect the initial premium from the applicant. Ask the applicant to complete a statement of continued good health. Issue the applicant a conditional receipt.

Issue the applicant a conditional receipt.

If an individual has a chronic medical condition, how is the insurer likely to handle this situation when issuing an individual health policy? The insurer will include a Disability Income rider. The insurer will exclude the condition with an Impairment rider. The insurer will issue a Waiver of Premium rider. The insurer will include a Double Indemnity rider.

The insurer will exclude the condition with an Impairment rider.

What should the insured do if the insurer fails to send the correct forms, under the Claims Forms provision of a health policy? Wait for the claims forms. Ask the Department of Insurance to intervene. Ask their producer for a form. Create their own form on which to submit the claim.

Create their own form on which to submit the claim.

Which of the following statements about stock insurers is true? Stockholders do not share in profits. Stockholders bear any losses and share in any profits. Stock insurers are owned by policyholders. Stock insurers cannot issue dividends.

Stockholders bear any losses and share in any profits.

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