Package deal
Texas Property & Casualty Tests Bundle Set
Texas Property & Casualty Tests Bundle Set
[Show more]Texas Property & Casualty Tests Bundle Set
[Show more]Property vs Casualty: What is considered property? CORRECT ANSWER Structure & Personal Property 
 
Property vs Casualty: What is considered casualty? CORRECT ANSWER Non-property losses. Legal liability to others. 3rd Party 
 
Risk CORRECT ANSWER uncertainty of financial loss 
 
Pure Risk CORRECT ANS...
Preview 2 out of 15 pages
Add to cartProperty vs Casualty: What is considered property? CORRECT ANSWER Structure & Personal Property 
 
Property vs Casualty: What is considered casualty? CORRECT ANSWER Non-property losses. Legal liability to others. 3rd Party 
 
Risk CORRECT ANSWER uncertainty of financial loss 
 
Pure Risk CORRECT ANS...
____ is uncertainty of loss CORRECT ANSWER risk 
 
____ is a transfer of risk from the insured to the insurer CORRECT ANSWER insurance 
 
____ risk means there is no chance of gain. It is insurable. CORRECT ANSWER pure 
 
____ risk means there is a chance of a loss or a gain. It is not insurable. CO...
Preview 4 out of 46 pages
Add to cart____ is uncertainty of loss CORRECT ANSWER risk 
 
____ is a transfer of risk from the insured to the insurer CORRECT ANSWER insurance 
 
____ risk means there is no chance of gain. It is insurable. CORRECT ANSWER pure 
 
____ risk means there is a chance of a loss or a gain. It is not insurable. CO...
A condition or situation that presents a possibility of loss is a (an): CORRECT ANSWER exposure 
 
The purpose of insurance is to: CORRECT ANSWER transfer risk 
 
Which hazard can be described as a careless attitude or general indifference on the part of the insured toward the occurrence of loss? CO...
Preview 4 out of 49 pages
Add to cartA condition or situation that presents a possibility of loss is a (an): CORRECT ANSWER exposure 
 
The purpose of insurance is to: CORRECT ANSWER transfer risk 
 
Which hazard can be described as a careless attitude or general indifference on the part of the insured toward the occurrence of loss? CO...
Coverage for water backup or sump pump overflow is excluded from the Dwelling Policy. However, with the purchase of the water backup and sump pump overflow endorsement, coverage for up to $5,000 in loss or damage can be provided for an additional premium. What is the deductible associated with this ...
Preview 2 out of 7 pages
Add to cartCoverage for water backup or sump pump overflow is excluded from the Dwelling Policy. However, with the purchase of the water backup and sump pump overflow endorsement, coverage for up to $5,000 in loss or damage can be provided for an additional premium. What is the deductible associated with this ...
Which part of an insurance policy describes the responsibilities and obligations of both the insurance company and the insured under the policy? CORRECT ANSWER Conditions 
 
The limits of liability are found in which of the following sections of a casualty policy? CORRECT ANSWER Declarations 
 
The ...
Preview 4 out of 55 pages
Add to cartWhich part of an insurance policy describes the responsibilities and obligations of both the insurance company and the insured under the policy? CORRECT ANSWER Conditions 
 
The limits of liability are found in which of the following sections of a casualty policy? CORRECT ANSWER Declarations 
 
The ...
Licensing Purpose CORRECT ANSWER For the protection of the public of this state. 
 
Individuals must satisfy the following to be eligible to get a license: CORRECT ANSWER -18 years of age or older 
-Resident of state 
-Passed exam and pay fees 
-Filed application and submitted a fingerprint card 
-N...
Preview 2 out of 15 pages
Add to cartLicensing Purpose CORRECT ANSWER For the protection of the public of this state. 
 
Individuals must satisfy the following to be eligible to get a license: CORRECT ANSWER -18 years of age or older 
-Resident of state 
-Passed exam and pay fees 
-Filed application and submitted a fingerprint card 
-N...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller cracker. Stuvia facilitates payment to the seller.
No, you only buy these notes for $30.99. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
67163 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now