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Massachusetts Property & Casualty(bundled)

1 Exam (elaborations) A. D. Banker Property & Casualty Practice Exam (MA Auto & State Laws)with 100% correct answers 2 Exam (elaborations) Casualty Insurance Exam questions and answers graded A+ 2024 3 Exam (elaborations) Exam FX - CH 4 - Property & Casualty Insurance Basics 2023/2024 passed 4 E...

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Unit 3 - Basics of Property and Casualty Insurance verified to pass

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Unit 3 - Basics of Property and Casualty Insurance Property Insurance - correct answer provides insurance protection on my belongings Casualty Insurance - correct answer is often known as liability insurance and provides insurance protection against the "other guy" First party losses - corr...

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Property and Casualty-Insurance Law and Regulations fully solved 2024

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Property and Casualty-Insurance Law and RegulationsInsurance Commissioner - correct answer A individual who is appointed by the Governor and cannot be a director, officer or agent of an insurer. Their primary duty is to see that insurance laws are properly executed and the public interest is prote...

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property and casualty-dwelling 2024 latest update

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property and casualty-dwelling Dwelling property policy eligiabilities - correct answer up to 5 roomers, 4 residential units, mobile homes on basic form only, owner OR tenant occupied. Basic Dwelling form (DP1) - correct answer named peril, most limited coverage. Automatically included Fire, Lig...

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Property and Casualty Insurance EXAM 2024 updated to pass

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Property and Casualty Insurance EXAMSpecific insurance - correct answer This type of insurance designates a particular item to be insured Blanket insurance - correct answer This type of insurance covers more than one item of property at a single location or one more items of property at multiple ...

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Property and Casualty Endorsements questions well answered rated A+

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Property and Casualty EndorsementsAutomatic Increase in Insurance (Dwelling) - correct answer Provide annual increase in Coverage A & B in 4%, 6%, or 8% Dwelling Under Construction Endorsement (Dwelling) - correct answer Used when dwelling under construction - policy limit based on value of parti...

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Property and Casualty - Types of Property Policies with correct answers 2023/2024

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Property and Casualty - Types of Property PoliciesWhat type of policy consists of the declarations, conditions, endorsements, and other attachments applicable to a single line of insurance? Monoline What are the coverage parts that may be included in a Commercial Package Policy (CPP) Commerci...

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Property & Casualty Practice Exam: Commercial Lines questions & answers 2024

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Property & Casualty Practice Exam: Commercial Lines Who is responsible for damage to improvements in a leased building? A) Tenant B) Building owner C) Improvements to a leased building are not covered D) Both the tenant and the building owner - correct answer B Equipment Breakdown insurance ...

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Property & Casualty Insurance Comprehensive Exam fully solved 2023/2024

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Property & Casualty Insurance Comprehensive ExamSpouse of a partner - correct answer Which of the following would be insured under the CGL policy? 3 years - correct answer Under the PAP, how long does an injured party have following an accident to report a Medical Payments Claim? Proximate Cau...

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Property & Casualty Exclusions questions with 100% correct answers 2024

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Property & Casualty ExclusionsExclusions specify.....? - correct answer specify what the insurance company will not cover in terms of types of property, perils or losses. They may appear in a separate section of the policy or throughout the policy. In open peril policies, coverage is for all perils ...

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Producer property & casualty license 2024 latest update

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Producer property & casualty license Abandonment Condition - correct answer A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Absolute Liability - correct answer T...

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MS Property & Casualty Exam Questions with answers 2024 passed

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MS Property & Casualty Exam Questions The penalty for violating a cease and desist order of the Commissioner might be a loss of license and...? - correct answer A fine up to $1,000 for each violation An insurer formed under the laws of Mississippi is known as...? - correct answer Domestic Insure...

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Massachusetts Property & Casualty Exam correctly answered 2024

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Massachusetts Property & Casualty Examrisk - correct answer possibility that a loss will occur insurance - correct answer contract that transfers the risk of financial loss from an individual/business to an insurance company speculative risk - correct answer chance of loss or gain; not insurab...

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MA Property and Casualty Insurance with answers graded A+ 2023/2024

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MA Property and Casualty InsuranceAgreement - correct answer The offer and acceptance Consideration - correct answer Exchange of values (premium paid vs promise to pay claims) Legal purpose - correct answer Contract cannot be enforced if based on illegal Unilateral - correct answer Develope...

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Exam FX - CH 4 - Property & Casualty Insurance Basics 2023/2024 passed

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Exam FX - CH 4 - Property & Casualty Insurance Basics Loss Ratio Formula - correct answer (Incurred Losses + Loss Adjusting Expense)/Earned Premium Insurable Interest - correct answer Ownership Stand to suffer economic loss Components - correct answer Factors that determine rates including l...

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