Named perils o - Study guides, Class notes & Summaries

State Farm License Exam 2023/2024 When will the license expire? What should you do after? - It will be expired 2 years after the date of issue. - The agent must complete a 30 hours course every 2 years to renew expiring license. - A person who continuously having license for 20 years are exempt from continuing education requirements. Can you apply to renew late? - Yes, you have up to 90 days to send in a late renewal application. U will just have to pay a late fee. - After 90 days ...

Someone who is eligible to become a Consultant if he or she has how many years of related experience? - Answer At least 3 years of experience in the last 4 years What is a fiduciary? - Answer Someone who is trusted with someone else's money What level of education does someone need to become a licensed insurance producer in Utah? - Answer No education is required What type of agreement does UT have with other states that allows a non-resident licensed producer to obtain a Utah license ...

Property and Casualty insurance exam With Complete Solution Insurance - The transfer of risk through a legal contract Property - Covers real property and personal property against damage or loss resulting from covered causes of loss called perils casualty - covers non-property losses (3rd Party) Personal lines - Insurance for families and individuals Commercial Lines - Insurance for Business Risk - Uncertainty of financial loss Pure Risk - Chance of loss only (insurance only...

NY Adjuster Practice Exam Questions with Verified Answers Which of the following is one of the objectives of the Terrorism Risk Insurance Act of 2002? - It limits the exposure of individual insurers and the insurance industry as a whole All of the following are used by the courts to establish negligence EXCEPT - Policy exclusions. Which is the thing of value exchanged for the performance promised in the insurance contract? - Consideration Which party is required to provide proof of ...

State Farm License Exam 2023/2024 When will the license expire? What should you do after? - It will be expired 2 years after the date of issue. - The agent must complete a 30 hours course every 2 years to renew expiring license. - A person who continuously having license for 20 years are exempt from continuing education requirements. Can you apply to renew late? - Yes, you have up to 90 days to send in a late renewal application. U will just have to pay a late fee. - After 90 days ...

State Farm License - Homeowner and Auto policies! Questions and Answers 2023 What are the parts and sections in HP policy? Section I: Property Coverages Coverage A - Dwelling Coverage B - Other structures Coverage C - Personal Property Coverage D - Loss of Use Deductible: at least $250 Section II: Liability Coverages Coverage E - Personal Liability Coverage F - Medical Payment to Others No Deductible name insured person named on the Dec page and their spous...

NY Independent General Adjuster Practice Exam Q&A Latest Update Which of the following is covered by a dread disease policy? - illnesses that do not occur frequently but incur significant costs when they do occur Which of the following professionals would purchase Directors and Officers (D &O) insurance to manage the liability risk associated with their activities? - chief executive officer For the commercial general liability coverages of bodily injury, property damage and medical paym...

Property And Casualty Insurance Exam Practice(MT)_Solved

The insurer and insured agree to a specific value of insured item - Agreed Value Policies Someone who has care, custody or control of another's property - Bailee Claim filed by policy holder against his _ - First Party Claim When a person who entrusts another with an object and it results in injury to someone can be held liable for the injury to someone. Can be held liable for the injury i.e. Firearm or DWI - Negligent Entrustment Hazard that results from a conscious decision made by an i...

USAA Test Review with Complete Questions and Answers 100% Correct 3 basic steps of claims investigation -ANS- verifying insurance coverage obtain additional information about the claim verify and compare this information what are the 3 types of claim reports -ANS- initial for first field -( 24hrs to 7 days( interim or status report - (15-30 days informed) full formal report what are the 2 methods to making estimates for claims -ANS- Time and Material method Unit cost method In T...