Property casual - Study guides, Class notes & Summaries

NC BLET 2023 Crowd Management, Questions with accurate answers. Verified. A crowd is best described as..? - -several persons temporarily congregated in an area. Individuals assembled in a given area usually have no..? - -common bond other than their curiosity about an event. There are also planned crowd activities such as political rallies, sporting events, and parties. NCGS § 14-288.2 (a) Riot; inciting a riot defines a riot (crowd) as..? - -"A public disturbance involving an assem...

TEXAS PROPERTY AND CASUALTY ACTUAL EXAM QUESTIONS WITH COMPLETE ANSWERS || GRADED A+ < UPDATED > A professional liability policy could be used to cover: Select one: nicas owned by a professional musician. b.a piano owned by a concert pianist. c.Errors and Omissions for an architect. - ANSWER c.Errors and Omissions for an architect. A supplemental or maxi-tail extended reporting period (ERP) provides liability coverage for claims filed: Select ...

DELAWARE LAWS, RULES & REGULATIONS: Life, Accident and Health, Property and Casual Insurance

Iowa Real Estate Exam Prep Questions and Answers Already Passed Corn stored in a grain bin is considered real property False Kitchen cabinets, a furnace, or bathroom appliances are considered real property after they have been installed as improvements to the home, even though at one time they were personal property True A dishwasher installed in the cabinets does not need to be excluded from the listing if the owner is planning on taking the washer with them. It can be excluded on the sales a...

DELAWARE LAWS, RULES & REGULATIONS: Life, Accident and Health, Property and Casual Insurance Answered Correctly!!

S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? A. $100,000 B. $90,000 C. $80,000 D. $20,000 Correct Answer: C 2 The MAXIMUM amount a policy will pay in the event of a loss is called the: A. coinsurance amount B...

What is a peril? Correct Answer: A Peril is a cause of loss What is a hazard? Correct Answer: Something that increases the chance of a loss What is the difference between a Moral hazard and a Morale Hazard? Correct Answer: Moral Hazard - dishonesty, against the law Morale Hazard - carelessness What is the method of handling risk that involves a deductible? Correct Answer: Retention (loss or portion of loss) If a fire causes damage to a building, what is the fire considered? 2 Correct ...

GEORGIA PROPERTY & CASUALTY INSURANCE EXAM Prep (Latest 2024/ 2025 UPDATE) QUESTIONS AND VERIFIED ANSWERS| 100% CORRECT| GRADE A Q: Which insurance principle states that if a policy allows for greater compensation than the financial loss incurred, the insured may only receive benefits for the amount lost? Answer: Indemnity Q: legal process that gives the insurer, after payment of a loss, the right to seek recovery from a third party that was responsible for the loss Answer:...

DELAWARE LAWS, RULES & REGULATIONS: Life, Accident and Health, Property and Casual Insurance Exam Questions and Answers 100% Pass Producer/Agent - Correct Answer ️️ -Agent of Insurer - Licensed producer appointed by and represents insurer - Sells, solicits, or negotiates applications and policies - Able to issue conditional receipts BROKER - Licensed producer who represents the insured for compensation Insurance Producer - Correct Answer ️️ --Person required to be licensed to se...

Insurance Correct Answer: The transfer of risk through a legal contract Property Correct Answer: Covers real property and personal property against damage or loss resulting from covered causes of loss called perils casualty Correct Answer: covers non-property losses (3rd Party) Personal lines Correct Answer: Insurance for families and individuals Commercial Lines Correct Answer: Insurance for Business Risk 2 Correct Answer: Uncertainty of financial loss Pure Risk Correct Answer: ...