CFP 512 Insurance Exam Questions and Correct Answers Latest Update
Course:
CFP 512
Institution:
CFP 512
CFP 512 Insurance Exam Questions and Correct Answers Latest Update
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| Uploaded on: | May 4, 2025 |
| Last updated: | May 12, 2025 |
| Number of pages: | 146 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | CFP 512 Insurance Exam Questions and Correct Answers Latest Update |
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512 Insurance Exam | Q&A Latest 2025/2026 | 100% PASS Which of the following refers to the process of evaluating and classifying the risk level of applicants for insurance? A) Adverse selection B) Application C) Policy illustration D) Underwriting - Answer -D Underwriting is the process of evaluating and classifying the risk level of applicants for insurance. Underwriting may also help insurers control adverse selection. A client wants to limit their out of pocket insurance costs and decides to install storm shutters to protect their property. They also increase their deductible. What risk management techniques are demonstrated? A) Retention and avoidance
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