Alabama propert - Study guides, Class notes & Summaries

A company which provides private passenger vehicles for each of its 10 sales reps would likely purchase the a. Business Auto Coverage Form b. Motor Carrier Coverage Form c. Auto Dealers Coverage Form d. Personal Auto Policy Ans Business Auto Coverage Form A business concerned with its liability when employees use their own vehicle on company business needs a. Drive Other Car Coverage b. individual Named Insured Endorsement c. Employee as Insured Endorsement d. Symbol #9 Non...

ALABAMA PROPERTY AND CASUALTY INSURANCE EXAM 2024 NEWEST 2 VERSIONS 250 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT) /ALREADY GRADED A+

Alabama Property and Casualty Exam Questions and Answers Rated A If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability l...

Alabama Property and Casualty Sample Quiz 1-100 Already Passed What is a hazard? an increase in the possibility that a loss might occur transfer risk from a person or business to an insurance company that agrees to to pay for losses in exchange for a premium. insurance The type of insurance company in which the policyholder is considered an owner, with the right to vote and share in the profits is a mutual company Jewel Canford's home is insured by XYZ Insurance Company. Last year she made t...

Alabama Property and Casualty Exam Questions With Answers

Alabama Property and Casualty Exam Questions and Answers

Which Business Auto Symbol is the most broad of all Symbols? A Symbol 3 B Symbol 2 C Symbol 4 D Symbol 1 - answer-Symbol 1 Symbol 1 includes any auto, whether owned or not by the insured if it is used in the insured business. Which of the following would NOT be found in the policy declarations page? A. Limits of insurance, deductibles, amount of premium B. A description of the property to be insured C. A legal representative in the event of the insured's death D. Insurers promise of...

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis - answer-Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion - an

ALABAMA PROPERTY AND CASUALTY TEST 2024 NEWEST (VERSION A AND B) 250 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT) /ALREADY GRADED A+

Alabama Property & Casualty Online Practice Exams questions and answers