Utah Property and Casualty Insurance Questions and Correct Answers | Latest Update
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Course
Utah Property and Casualty Insurance
Institution
Utah Property And Casualty Insurance
Absolute Liability
-:- Liability that arises from an extremely dangerous situation. Absolute
liability is often found in cases involving explosives. Also known a s
"strict" liability. For ex you are absolutely liable if you keep a wild animal
as a pet.
Accident
-:- A sudden and unexpecte...
✓ -:- An individual appointed by an insurance company to solicit,
negotiate, effect, or countersign insurance contracts on its behalf.
Aggregate Limit
✓ -:- A type of policy limit found in Liability policies that limits coverage
to a specified total amount for all losses occurring within the policy
period.
Alien Company
✓ -:- An insurance company incorporated in a country other than the
United States
Allied Lines
✓ -:- Property coverages that are closely associated with and frequently
sold with fire insurance: Dwelling Building and Contents form, Earthquake
insurance, Sprinkler Leakage, etc.
All-Risk Insurance
3|P a g e | G r a d e A + | 2 0 2 0 2 5
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