Anytime when can a poli - Study guides, Class notes & Summaries

PROPERTY AND CASUALTY INSURANCE EXAM WITH VERIFIED ANSWERS 1. Specific insur- ance 2. Blanket insur- ance This type of insurance designates a particular item to be insured This type of insurance covers more than one item of property at a single location or one more items of prop- erty at multiple locations. 3. Speculative possibility of both gain and loss. Not insurable. 4. Pure only the possibility of loss. Insurable. 5. What are the 5 methods of man- aging or handling risk? avo...

XCEL Final Exam questions and answers 2023 updateIrrevocable beneficiary What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? Anytime When can a policy-owner change a revocable beneficiary? Daughter K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary. Under the Common Disaster clause, if K and her husband are both killed in an automobile accident, where would the death proceed...