Declarations - Study guides, Class notes & Summaries

Insurance - Transfer of risk from one person or organization to an insurance company Indemnity - The principle to restore the insured to the pre-loss economic or financial condition. Law of Large numbers - Mathematical principle used by insurers to predict losses to charge the appropriate premiums Insurable Interest - Proof that someone stands to lose financially if a loss occurs; must exist at the time of the loss in property and casualty insurance Binder - Temporary insurance contr...

How can Insurance companies can afford to pay for an individual's catastrophic loss? Correct Answer The premiums from all policyholders are pooled together. What information is found on the Declarations page? Correct Answer contains the make and model of the covered vehicle described Steven was denied coverage, a jury decieded in his favor. Why are insurance policies considered "Contracts of Adhesion"? Correct Answer Policy language is open to legal interpretation. Susan is a Doctor,...

COG Ordained Ministers Exam - Declaration of Faith Review Questions and Answers

COG Ordained Ministers Exam - Declaration of Faith Review Questions Solved 100% Correct

IAAP CPACC Certification: Declarations, Standards, Laws, and Management Strategies (Answered) RATED A+ 2023|2024 LATEST UPDATE Accessibility only benefiting a small minority is a myth. Who does accessibility benefit? (1) 1. Everyone: websites work better across platforms, SEO is improved, anyone can acquire a disability at any time, and those with disabilities are a sizable minority of the overall population Accessibility being a short-term project is a meth. What is the truth? (4) 1. Acc...

Rights and Amendments in the Declaration of Independence and the US Constitution An overview of the rights stated in the declaration of independence and the amendments that protect various rights in the us constitution. It covers topics such as the role of government in protecting rights, the powers of congress, and the significance of several amendments. It also mentions influential documents like john locke's 'two treatises of government' and landmark supreme court cases.

The insurer and insured agree to a specific value of insured item Correct Answer: Agreed Value Policies Someone who has care, custody or control of another's property Correct Answer: Bailee Claim filed by policy holder against his _ Correct Answer: 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 Correct Answer: Negligent Entrust...

The term "you" is used throughout the Commercial General Liability Coverage Form. "You" is defined to include: - ️️The named insured shown in the declarations. Smart Endeavors, a retail clothing store, hired ABC Contractors to install a new air conditioning system in one of its stores. ABC misrouted some wires during the installation process, which caused the wires to overheat and caused a fire. The air conditioning unit had to be rewired, which cost $1,000. Smart Endeavors' building...

Church of God Exhorter's Test Declaration of Faith Questions and Answers with Complete Solutions 100% Correct Deuteronomy 6:4 ; 1 Corinthians 8:4 - ANSWER In One God, eternally existing in three persons: namely the Father, the Son and the Holy Ghost. John 3:16 ; Romans 5:9-10 - ANSWER That Jesus Christ was the only begotten Son of the the Father. He was conceived of the Holy Ghost and born of the Virgin Mary. He was crucified, buried and raised to life. He ascended into heaven and He is...

CCRP SOCRA Exam - Nuremburg Code, Declaration of Helsinki, Belmont Report (Study Session #1) Questions With 100% Correct Answers.