Example of subrogation - Study guides, Class notes & Summaries

1. Which one of the following steps should be taken first in a risk management program? A. Purchasing of adequate insurance B. Conducting of employee safety drills C. Identifying hazards and risks D. Conducting staff in-services on incident reporting and accident prevention. - ANSWER-C. Identifying hazards and risks 2. Which of the following professionals is authorized to dispense medications? A. registered nurse B. licensed nurse, physician and, in some states, medication aide. ...

california property and casualty exam questions and answers 100% pass The process where by a mutul insurer becomes a stock company is called - Correct Answer ️️ -Demutalization The process whereby a stock company a mutal insurer is called - Correct Answer ️️ - Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Correct Answer ️️ -Valuation clause The part of the policy that states the amout of coverag...

Property and Casualty Review 2024 Questions and Answers A unique exclusion that is found only in the Fine Art Floater is: - Correct Answer ️️ -Art on Exhibition (Due to most frequent thefts during gallery showings) Which section of a Special form policy determines whether a peril is covered? - Correct Answer ️️ -Exclusions New zoning laws prevent an Insured from replacing a destroyed property. If the Insured transfers ownership of the property to the Insurer, this is an example of...

AL P&C Test Questions and Answers (Verified Solutions) Latest 2024/2025 Graded A+. Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employee theft D. Loss of use - correct answer D. Loss of use AL P&C Test Questions and Answers (Verified Solutions) Latest 2024/2025 Graded A+ - University of Alabama Which is a two party contract? A. Property B. Casualty C. Liability D. Auto - correct answer A. Property Insurance contracts offset A. speculative r...

DELAWARE LIFE PRODUCER EXAM A(n) _ may also perform the duties of a consultant. - Answer- producer What is an example of a producer's implied authority? - Answer- Collecting premiums The Commissioner may suspend or revoke a producer's license for - Answer- keeping premiums owed to the insurer An insurer is charged _ for submitting an application for a certificate of authority in Delaware. - Answer- $700 In Delaware, an insurer is prohibited from - Answer- making a political contri...

AL P&C Test Questions and Answers (Verified Solutions) Latest 2024/2025 Graded A+ - University of Alabama . What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion - correct answer B. Nonrenewal Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employee theft D. Loss of use - correct answer D. Loss of use AL P&C Test Questions and Answers (Ve...

ABC Bank plc is established in Germany. It transacts banking business in the Republic of Ireland on a cross-border basis. Being able to provide financial services in this manner to consumers in other EU countries is referred to as: A passporting. B subrogation. C migration. D the common good. - ANS A 1.2.1 In relation to a financial services firm established in an EU country, the term 'freedom of establishment' means being able to: A set up a branch in another EU country...

California property and casualty exam with Correct Solutions 2024 Updated The process where by a mutul insurer becomes a stock company is called - Answer -Demutalization The process whereby a stock company a mutal insurer is called - Answer -Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Answer -Valuation clause The part of the policy that states the amout of coverage the insured property policy period is - An...

Alabama Property and Casualty Exam All Answers Correct If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis ️Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion ️Nonrenewal Which is the best example of an indirect loss ? a. sequential loss ...

In the context of liability insurance, __________________ refers to a doctrine by which a plaintiff must prove that the defendant's actions set in motion a relatively short chain of events that could have reasonably been anticipated to lead to the plaintiff's damages. Named Perils Proximate Cause Concurrent Causation Punitive Damages 1 of 79 Definition A lower __________________means a more profitable insurer. An insurer with incurred expenses of $20 million and written premiums of $...