Louisiana Property and Casualty Insurance Exam Bundle

Accelerated Benefits - Answer riders attached to life insurance policies which allow death benefits to be used to cover nursing and convalescent home expenses. Accident - Answer an unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - Answer A type...

Which One Of The Following Is NOT A Possible Defense Against Negligence? A. Statue Of Limitations B. Doctrine Of Reasonable Expectation C. Intervening Cause D. Comparative Negligence - Answer Doctrine Of Reasonable Expectation What Is A Hazard? - Answer An Increase In The Possibility That...

Should 2 or more insurers issue a combined Standard Fire Policy insuring a single risk, in the event of a loss, the insured must notify - Answer Any of the insurers providing coverage. The policy conditions define - Answer How parties to the contract must act following a loss. Because an insur...

In which type of commercial crime policy coverage is triggered by a loss that happens during the policy period but is not necessarily discovered during the policy peri - Answer Robbery is: - Answer Taking of property by use of force, violence, or fear The crime of forced entry into the premis...

Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM cove...

Indemnification - Answer to make whole again Risk - Answer the uncertainty or chance of a loss occurring. Pure Risk - Answer insurable- no opportunity for financial gain. only loss is suffered in a pure risk. Speculative Risk - Answer not insurable, opportunity for financial gain. Exposu...

Authorized insurers may choose not to participate in the plan - Answer All of the following are true regarding the Louisiana Automobile Insurance Plan EXCEPT: short-rate - Answer The named insured may cancel a property insurance policy in this state at any time, in which case the insurer must ref...

What is a hazard? - Answer An increase in the possibility that a loss might occur the purpose of insurance is to? - Answer Transfer risk from a person, business, or organization to an insurance company that agrees to pay for losses in exchange for a premium. mutual company - Answer type of ins...

The Business owners Policy, or BOP, is a ____ policy that can be used to cover most small low _____. - Answer Prepackaged, Low risk One of the advantages of the BOP is that it is ____, which means that many of the coverage questions have been predetermined by the insurance company which lowers th...