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[Show more]vehicle ownership - Answer-1. Individuals who are related and live in the same household 
2. Joint ownership with one owner living outside household 
3. individuals who are not related and live in the same household 
4. vehicles owned by a trust where the grantor/trustee is an individual, individual...
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Add to cartvehicle ownership - Answer-1. Individuals who are related and live in the same household 
2. Joint ownership with one owner living outside household 
3. individuals who are not related and live in the same household 
4. vehicles owned by a trust where the grantor/trustee is an individual, individual...
While reviewing several proposals for a quote for a life insurance policy for one of you clients, you also 
review the temporary insuring agreements. You notice that there are variations in the temporary 
insuring agreements between companies. Which of the following is NOT included in any of these 
...
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Add to cartWhile reviewing several proposals for a quote for a life insurance policy for one of you clients, you also 
review the temporary insuring agreements. You notice that there are variations in the temporary 
insuring agreements between companies. Which of the following is NOT included in any of these 
...
What is a trade? - Answer-Skilled manual or mechanical work. 
Examples: Painter, Carpenter, Electrician, etc. 
What is a profession? - Answer-A vocation requiring advanced education and training. 
Examples: Physician, Dentist, Attorney, Veterinarian, etc. 
What is an occupation? - Answer-An activity...
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Add to cartWhat is a trade? - Answer-Skilled manual or mechanical work. 
Examples: Painter, Carpenter, Electrician, etc. 
What is a profession? - Answer-A vocation requiring advanced education and training. 
Examples: Physician, Dentist, Attorney, Veterinarian, etc. 
What is an occupation? - Answer-An activity...
1x sold
eal property is - Answer-comprised of buildings, structures and fixtures that are tangible. Real property 
can be seen. 
Give examples of Real Property - Answer-Land is real property, but it is generally not the subject of 
insurance. 
Buildings are real property. They have walls and a roof. You can...
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Add to carteal property is - Answer-comprised of buildings, structures and fixtures that are tangible. Real property 
can be seen. 
Give examples of Real Property - Answer-Land is real property, but it is generally not the subject of 
insurance. 
Buildings are real property. They have walls and a roof. You can...
Which one of the following best describes actual authority? - Answer-When the agency is expressly given 
authority in the agency contract 
Which one of the following statements best describes the standard of care an insurance agency owes an 
insurance company? - Answer-Loyalty, good faith, reasonabl...
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Add to cartWhich one of the following best describes actual authority? - Answer-When the agency is expressly given 
authority in the agency contract 
Which one of the following statements best describes the standard of care an insurance agency owes an 
insurance company? - Answer-Loyalty, good faith, reasonabl...
Legal Liability - Answer-A responsibility or obligation to others, which courts recognize and enforce. In 
general failure to meet this duty often results in the imposition of monetary damages. 
3 Types of Legal Liability - Answer-Tort Liability, Statutory Liability, Contractual Liability 
4 Types o...
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Add to cartLegal Liability - Answer-A responsibility or obligation to others, which courts recognize and enforce. In 
general failure to meet this duty often results in the imposition of monetary damages. 
3 Types of Legal Liability - Answer-Tort Liability, Statutory Liability, Contractual Liability 
4 Types o...
A ____ is a cause of loss - Answer-peril 
A situation, behavior, or condition that may lead to adverse financial consequences - Answer-exposure 
A cyberattack is an example of a ____ - Answer-peril 
An Insured who shows no regard for his insured property demonstrates a - Answer-morale hazard 
A spil...
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Add to cartA ____ is a cause of loss - Answer-peril 
A situation, behavior, or condition that may lead to adverse financial consequences - Answer-exposure 
A cyberattack is an example of a ____ - Answer-peril 
An Insured who shows no regard for his insured property demonstrates a - Answer-morale hazard 
A spil...
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