Catastrophic coverage - Study guides, Class notes & Summaries

AU62 Course Exam Practice Questions & Answers, 100% Accurate. Verified. An organization may incur losses from legal liabilities in a number of different ways. Which one of the following actions would best be described as an intentional tort? - -A newspaper mistakenly identifies the driver in an alcohol-related hit and run accident as John Doe, a prominent local attorney. Martin, a 15-year-old boy, carelessly tossed a glass bottle over the heads of several people toward a recycling bin 15...

To be considered an insurable risk, a loss may NOT be - catastrophic Which of the following persons would be required to hold a producer license? - a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? - ocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? - the difference in the actual cash value as a pair and as a single Which of the following ad...

HCA Healthcare Midterm Study Guide; Questions and Answers 100% Solved 1. Name the four basic functional components of the US healthcare delivery system. What role does each play in the delivery of health care? (SHORT ANSWER) Answer-The four basic components are financing, insurance, delivery, and payment. Financing pays for the purchase of health insurance. Insurance protects the buyers of health coverage against catastrophic risks. Delivery of health care enables people to receive s...

Exam Fx-Property and Casualty Exam 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers) Exam Fx-Property and Casualty Exam 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers) To be considered an insurable risk, a loss may NOT be Answer catastrophic 2. Which of the following persons would be required to hold a producer license? Answer a nonresident agent who negotiates insurance contracts 3. Which of the following is the oldest known type of insurance? Answer oc...

Exam Fx-Property and Casualty Exam Questions and Answers 100% Pass To be considered an insurable risk, a loss may NOT be catastrophic Which of the following persons would be required to hold a producer license? a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? ocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? the difference in the actual cash va...

2024 CPCU 552, CP&L FINAL EXAM WITH 200 QUESTIONS AND CORRECT ANSWERS (100% CORRECT) Railroad owners commonly require contractors to purchase a Railroad Protective Liability Coverage Form. Which one of the following statements about this form is true? - ANSWER-One of the coverage limits applies to physical damage to property owned by or leased or entrusted to the railroad Which one of the following statements about the general aggregate limit under a Commercial General Liability (CGL...

What are some examples of adverse selection and how can commercial underwriters minimize the effects of it? 1.3 correct answers 1. Business owners in areas prone to coastal storms purchase windstorm coverage or increase their limits only before hurricane season—when they expect severe losses. 2. A disproportionate percentage of business owners in an earthquake-prone zone purchase earthquake insurance, compared with other business owners. **Underwriters minimize the effects of adverse sele...

Property and Casualty Principles Review Test Already Passed In order to get a loan to buy a car, John had to obtain insurance on the car. The purpose of the insurance requirement is to A - protect the lender's financial interest in the car in the event it is damaged or destroyed B - create an additional source of revenue for the lender C - include the insurance company as a cosigner on the loan in case John defaults on his payments D - prove to the lender that John has a sen...

when selecting a distribution channel, which one of the following is important consideration with regard to customer needs and characteristics Which of the following statements is correct regarding characteristics of ideally insurable loss exposures ideally, loss exposures should be spread across a large number of similar exposure units within the same period The type of insurance that provides periodic income payments to an insured who is unable to work because of sickness or injury is D...

Super-Duper Texas Adjuster License Final Exam Solved Questions With Revised Correct Detailed Answers 1. What is a hazard? - ANSWER risk of loss of property situations or behaviors that increase the 2. Insurance: Name the three kinds of hazards and give an example of each - ANSWER 1) Physical -- large hole in the front yard where someone could step in and hurt themselves 2) Morale -- leaving a home with the doors unlocked and the windows opened 3) Moral -- embezz...