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GA Property& casualty exam questions and 100% correct answers
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GA Property& casualty exam questions and 100% correct answers
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By: taylormproctor • 8 months ago
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GA Property & Casualty ExamInsurance policy covers what type of losses correct answer Direct and Indirect
In order to have an indirect loss, you must have correct answer a direct loss
What does property insurance cover? correct answer structures and contents
Direct loss correct answer physical destruction of property by lightening, wind, fire, theft, etc
Indirect loss correct answer consequences of direct losses - e.g. loss of income, additional expenses to
live, loss of rental income, etc.
What is the purpose of personal lines insurance? correct answer Coverage for personal activities of the
insured for losses that might take place
What is the purpose of commercial insurance? correct answer policies that cover NON personal activities
of the insured where losses might take place
Who transfers risk in insurance? correct answer Insurance involves transfer of YOUR risk to other people
for your losses to be covered
How do insurance companies use premiums? correct answer Insurance companies use our premiums to
cover losses of the few.
Named Insured correct answer HIGHEST ranking insured for any policy
Who is the insurance company? correct answer The author of the policy, issuer of the policy, and
enforcer of policyPowered by TCPDF (www.tcpdf.org)
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