OTL FINAL EXAM BUNDLE, VERIFIED.

OTL PRACTICE EXAM A REVIEW QUESTIONS AND ANSWERS, RATED A+/ VERIFIED/ a) It does not certify the existence of insurance. - -Which of the following is not a definition of "Certificate of Insurance"? a) It does not certify the existence of insurance. b) May be a modified form of a policy. c...

OTL PRACTICE EXAM A REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ which legislation authorizes federal licensing and supervision of insurance companies and solvency standards for insurers - -the insurance company act who lends their expertise and expert knowledge to field underwriting...

OTL PRACTICE EXAM A REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ a) It does not certify the existence of insurance. - -Which of the following is not a definition of "Certificate of Insurance"? a) It does not certify the existence of insurance. b) May be a modified form of a policy...

OTL MOCK EXAM NUMBER ONE: QUESTIONS AND ANSWERS, GRADED A+ if the technical director of a company suddenly resigns it will be a loss of - human asset A replacement cost contract - in effect offends the principle of indemnity Consideration as it relates to insurance is - The Premium Actual cash...

OTL INSURANCE EXAM QUESTIONS & ANSWERS, 100% ACCURATE. VERIFIED/ Which organization took over from the Financial service commission of Ontario in June 2019? - - Financial Services Regulatory Authority of Ontario What is another name for a Mobil home? - -Manufactured How soon after the theft of ...

OTL FINAL EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ What is eisegesis? The attempt to force our own meaning onto the words of the bible. Which of the following is not a test for canonicity of Old Testament books? Written by an eyewitness to the events What is source criticism? T...

OTL FINAL EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. VERIFIED/ In what year was Daniel taken into captivity? - 605 BC What is the river which ran through the ancient city of Babylon? - Euphrates River What is the central theme of Daniel? - Sovereignty of God The Book of Daniel is written...

OTL EXAM #3 (INTRO TO POETRY - MALACHI) EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ How much of the OT is written in poetic form? - -One third Poetry can be found in how many books in the bible? - -61; all but five books. What is the purpose of poetry? - -to facilitate retention and to express...

OTL EXAM REVIEW QUESTIONS & ANSWERS, GRADED A+/ VERIFIED/ A contract is an agreement enforceable at law. Under common law, which 3 of the 5 conditions of a contract determine it's enforceability: A) Agreement, consideration and capacity to contract. B) Consideration, capacity to contract and...

OTL EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ List the five (5) elements of a contract. - Agreement Consideration Genuine Intentions Capacity to Contract Legality of Purpose Name the three (3) elements specific to insurance contracts. - Indemnity Insurable Interest Utmost Good Faith Wh...

OTL EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ c. Spread the losses of a few over many - The main function of insurance is to a. Provide total security for everybody b. Provide a pool of capital so everyone who suffers a loss can be indemnified c. Spread the losses of a few over many d. Pro...

OTL EXAM PRACTICE QUESTIONS & ANSWERS. GRADED A+/ VERIFIED/ Which exclusion is commonly found in the personal liability coverage of a homeowners policy? a. Damage caused to a neighbour's home b. Bodily injury caused because of negligence c. Damage caused to a neighbour's automobile d. Bodi...

OTL EXAM A QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ unearned premium is defined as which of the following - premium representing the unexpired portion of a policy the fire statutory condition -- replacement, outlines the options available to the insurer for delivering indemnity to the insu...

OTL C81 STUDY 1 - STUDY 6 QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ What type of risk is insurable? What type of risk is non-insurable? - Pure risk is insurable as there is no chance to profit Speculative risk has the chance or earnings, and therefore cannot be insured What is the main reaso...