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Insurance Exam AZ #1333 | questions and answers | Latest | 100% verified correct

INSURANCE ACTUAL EXAM AZ#1333 WITH CORRECT 150 QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST 2024 ALREADY GRADED A+

XCEL SOLUTIONS PROPERTY & CASUALTY EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ An earned premium resulting from the cancellation of a policy is calculated on: Correct Answer: On a pro rata basis, based on the previous year's rate M owns a parking garage & has coverage that states: "We will cover losses regardless if you are legally liable for the loss." This no-fault ideology will be found under: Correct Answer: Excess Direct Coverage An insurance company w...

AZ Insurance Exam Prep Latest 2024 100% Pass Absolute Liability Liability that arises from an extremely dangerous situation. Absolute liability is often found in cases involving explosives. AKA "Strict" liability. For example: You are absolutely liable if you keep a wild animal as a pet. Accident A Sudden and unexpected event, occurring at a specific time and place. Actual Cash Value (ACV) The cost to replace an item of property at the time of loss, less an allowance for depreciation. Often...

Insurance Exam AZ #1333 Latest Update 2024 Rated A An insurer must keep advertising materials and records for at least how many years? - Correct Answer 3 The insurance coverage in a variable life insurance policy may vary based on the value of - Correct Answer the underlying investments When is it acceptable to charge or receive a fee or service charge in addition to the premium in connection with the transaction of insurance? - Correct Answer If the amount of the fee or service charge i...

Arizona Life Insurance Exam - Insurance Regulations Latest 2024 Graded A Cease and Desist To stop or discontinue Coercion Forceful act or threat aimed to influence a person to act against his or her will Commission Payment to the agent by the insurance company for placing insurance, usually a percentage of the policy premium Director The head of the state Department of Insurance Exempt Not subject to an obligation Home State A state in which an insurer is organized and has its main place of...

Improv Traffic School (AZ) exam | Questions and Correct Answers | Latest Update 2024/2025 | Graded A+ There are two types of bad drivers - Answer -Aggressive and Unaware The American Institute for Public Safety defines the aggressive driver as a person who drives with a lack of courtesy and creates dangerous situations on the road. We describe those types of people as - Answer - Selfish How many registered vehicles are there in the United States today? - Answer -265 million Safe drivi...

Improv Traffic School (AZ) exam | Questions and Correct Answers | Latest Update 2024/2025 | Graded A+ There are two types of bad drivers - Answer -Aggressive and Unaware The American Institute for Public Safety defines the aggressive driver as a person who drives with a lack of courtesy and creates dangerous situations on the road. We describe those types of people as - Answer - Selfish How many registered vehicles are there in the United States today? - Answer -265 million Safe drivi...

INSURANCE EXAM AZ # LATEST WITH 150 QUESTIONS AND VERIFIED ANSWERS GRADED A+ INSURANCE EXAM AZ # LATEST WITH 150 QUESTIONS AND VERIFIED ANSWERS GRADED A+

What type of reinsurance contract involves two companies automatically sharing their risk exposure? - Answer Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - Answer reserves When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have - Answer insurable interest Statements made on an insurance application that are beli...