Alabama Insurance: Property and Casualty Bundled Exams with Certified Solutions

Alabama Property and Casualty Insurance Questions and Answers Graded A 2 reasons - No Flood Catastophic, adverse selection Watercraft Policy Open cockpit, 26 feet or less in length Absolute Liabilty Strong Liklihood of harming others Intervening Cause Disruption in chain of events Negligence LBP...

Alabama Insurance: Property and Casualty Test Questions with Complete Solutions An incorporated insurance company which is run by a board of directors is known as a capital-stock company Which of the following statements is true regarding a binder? a. a binder guarantees that a policy will be issu...

AL P&C University of Alabama Study Guide (2023/2024) 100% Pass If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis A. Pro Rata Basis What is the term used to describe terminating the insuran...

Alabama Property and Casualty Sample Quiz 1-100 Already Passed What is a hazard? an increase in the possibility that a loss might occur transfer risk from a person or business to an insurance company that agrees to to pay for losses in exchange for a premium. insurance The type of insurance compan...

Alabama P&C Insurance Exam Questions and Answers Graded A+ Dishonesty Deceit, misrepresentation, untruthfulness, falsification Insurers insurance companies or carriers who manufacture and sell insurance coverage by way of policies or contracts. Insurance Agencies independent organizations that rec...

Property and Casualty insurance exam questions and answers rated A Insurance The transfer of risk through a legal contract Property Covers real property and personal property against damage or loss resulting from covered causes of loss called perils casualty covers non-property losses (3rd Party) ...