Fx Property (Fx-PROPERTY)

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 Updated Questions and Answers (Verified Answers)

exam-fx-va-property-en-casualty-insurance-exam

Exam Fx-Property and Casualty Exam | 90 Questions with 100% Correct Answers

Exam Fx-Property and Casualty Exam 2024 Updated Questions and Answers (Verified Answers)

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 additiona...

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

What two elements are necessary to a life insurance contract to have a legal purpose? - CORRECT ANSWER 1. Insurable Interest 2. Consent Insurance is a contract that protects the insured from what? - CORRECT ANSWER Loss What Type of Risk is Insurable? - CORRECT ANSWER Pure What is the term for the causes of loss insured against in a insurance policy? - CORRECT ANSWER Peril What Law Protects Consumers from the circulation of inaccurate or obsolete information? - CORRECT ANSWER The Fai...

Workers Compensation - CORRECT ANSWER Benefits required by state law to be paid to an employee by an employer in the case of injury, disability, or death as the result of an on-the-job hazard. Warranty - CORRECT ANSWER A material stipulation in the policy that if breached may void coverage. Waiver - CORRECT ANSWER The voluntary abandonment of a known or legal right or advantage. Waiting Period - CORRECT ANSWER Time between the beginning of a disability and the start of disability in...

1. In dwelling policies, automatic increase in insurance is (Choose from the following options) 1. Coverage for newly acquired property. 2. Coverage by endorsement. 3. Automatic coverage. 4. Coverage without additional premium. - CORRECT ANSWER 2. Coverage by endorsement. 2. Personal business property out in the open is covered under Commercial Property Policy only while (Choose from the following options) 1. Within 150 feet of the described premises. 2. Within 100 feet of the descr...