Jeremy miles - Study guides, Class notes & Summaries

Florida Claims Adjuster Exam Knowledge Check with complete solutions | Latest 2023/2024 Severability -- Insurance applies separately to each insured as if other insureds did not exist. Abandonment -- Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest -- One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization -- Stat...

Severability - ANSWER Insurance applies separately to each insured as if other insureds did not exist. Abandonment - ANSWER Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - ANSWER One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization - ANSWER States that if the insurer adopts a revision which would broaden...

Real Estate Practice Exam 2 AceableAgent Questios with 100% Correct Answers Which of these is a red flag for predatory lending? - answerThere are unexpected, undisclosed lender fees that appear at closing. Percy is a broker who oversees three agents. If one of the agents violates the law, which of the following is TRUE of Percy? - answerBecause of his vicarious liability Percy may be held liable for the agents actions. The government seizes Farsch's property to expand a highway. What is ...

Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional interests on working...

This optional provision states that if the insured becomes totally disabled, premiums are waived but the coverage remains in force: A. Waiver of Subrogation B. Waiver of Premium C. Waiver of Value D. None of the Above - B. Waiver of Premium "premiums are waived" Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. ...

Severability - CORRECT ANSWER Insurance applies separately to each insured as if other insureds did not exist. Abandonment - CORRECT ANSWER Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - CORRECT ANSWER One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization - CORRECT ANSWER States that if the insurer adop...

Severability - ANSWER-Insurance applies separately to each insured as if other insureds did not exist. Abandonment - ANSWER-Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - ANSWER-One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization - ANSWER-States that if the insurer adopts a revision which would broaden cov...

Frank owned a home that was destroyed by a hurricane. Both TD Bank and Bank of America were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, TD Bank B. The Insured C. Jointly to TD Bank and Bank of America D. All listed interests - D. All listed interests Insurance applies separately to each insured as if other insureds did not exist. This is defined as: A. Severability B. Conditional C. Warranty D. None o...

Real Estate Practice Exam 2 AceableAgent Questios with 100% Correct Answers Which of these is a red flag for predatory lending? - answerThere are unexpected, undisclosed lender fees that appear at closing. Percy is a broker who oversees three agents. If one of the agents violates the law, which of the following is TRUE of Percy? - answerBecause of his vicarious liability Percy may be held liable for the agents actions. The government seizes Farsch's property to expand a highway. What is ...

Florida Claims Adjuster Exam |Questions with 100% Correct Answers 2024 Severability - answerInsurance applies separately to each insured as if other insureds did not exist. Abandonment - answerProperty insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - answerOne wherein economic loss would be suffered from an adverse happening to the subject. Liberalization - answerSt...