GEORGIA PROPERTY & CASUALTY BUNDLE DEAL GRADED A+

GA PROPERTY & CASUALTY TEST Verified Solutions PURE RISK TYPE OF RISK WHICH INSURANCE COMPANIES WILL INSURE IS CALLED? RANDY, THE OWNER OF A SMALL BUSINESS APPLIED FOR FIRE INSURANCE WITH LIMITS EQUAL TO 100% of THE PROPERTY VALUE. HE HAD A HUGE UNSOLD INVENTORY AND A LARGE GAMBLING DEBT. THIS...

GA Property & Casualty Exam Guaranteed Success Insurance policy covers what type of losses Direct and Indirect In order to have an indirect loss, you must have a direct loss What does property insurance cover? structures and contents Direct loss physical destruction of property by lightening...

Ga Property & Casualty Insurance Study Guide Verified Answers Personal Automobile Policy ️• Accounts for 40% of all premiums • Vehicles registered to individuals and operated primarily for personal activities o Driving to work is a personal activity o Policy allows use of vehicle fo...

Georgia Property & Casualty Exam Graded A+ Which of the following correctly describes a principal difference between a dwelling policy and a homeowners policy? A.) A dwelling policy only covers the dwelling, other structures, personal property, fair rental value, and additional living expens...

GA PROPERTY & CASUALTY INSURANCE TEST- GA RULES & REGULATIONS GA Insurance Commissioner Ralph Hudgens - Serves as Chief Officer of Department of Insurance - Fire Marshall Chief -Elected every 4 years - Can run as as many time as you want - Reports to state legislature - Must not have a finan...

GEORGIA PROPERTY & CASUALTY ALL ANSWERS CORRECT BLANKET ️A policy which insures all property at multiple locations for a single amount is referred to as SPECIFIC COVERAGE ️Property insurance which provides 100,000 coverage for a building and 50,000 coverage for personal property at a sin...

GA P&C Chapter 3 All Answers Correct The named Insured is identified in which section of the policy? Declaration The Fair Credit Reporting Act: allows consumers to insert corrective statements in their consumer reports. The insured intentionally did not inform the insurer that the insured ow...

Georgia insurance laws already graded A A temporary agent may: Continue existing business but not sell new policies. Premium rates that are so low that they tend to destroy competition by creating a monopoly are referred to under Georgia insurance laws as: Inadequate An agent cannot hold a l...

Georgia State Insurance Laws Rated A+ Chief Executive Officer of the Office of Insurance ️Insurance and Safety Fire Commissioner (Commissioner) What is the Ins. Commissioner's term of office? ️4 years Chief Deputy Commissioner ️Appointed by commissioner and assumes duties if the commi...

Georgia Laws Rules Regulations Pertinent To All Adjusters The Georgia Commissioner of Insurance is elected to office for a period of ___ years. ️4 An insurer who is domiciled in another state and is authorized to do business in Georgia is known as a(n) _____________ insurer. ️foreign __...

GA Insurance Adjuster Course Complete Solutions Six Special Characteristic of Insurance Contracts ️Personal, Adhesion, Utmost Good Faith, Aleatory, Unilateral, Condition Coverage F ️Medical Payments Umbrella ️An umbrella policy provided liability coverage over and above the normal or b...