Casualty policies - Study guides, Class notes & Summaries

Types of Casualty Policies, Bonds and Related Terms Verified Answers personal injury ️injury to a persons character advertising injury ️nonphysical injury to a business (defamation) coverage territory ️-united states -US territories and possessions -Canada premise and operations ️hazards related to ownership, maintenance or use of the insured's premises and all business operations premises liability ️any losses on premises operations liability ️losses from services or...

Property and Casualty - Types of Property PoliciesWhat type of policy consists of the declarations, conditions, endorsements, and other attachments applicable to a single line of insurance? Monoline What are the coverage parts that may be included in a Commercial Package Policy (CPP) Commercial property, general liability, crime, equipment breakdown, auto, inland marine, and farm Brainpower Read More When can an insured cancel a Businessowners policy? At any time by mailing a wr...

PROPERTY AND CASUALTY - TYPES OF PROPERTY POLICIES EXAM PREP QUESTIONS AND ANSWERS

What type of policy consists of the declarations, conditions, endorsements, and other attachments applicable to a single line of insurance? Monoline What are the coverage parts that may be included in a Commercial Package Policy (CPP) Commercial property, general liability, crime, equipment breakdown, auto, inland marine, and farm When can an insured cancel a Businessowners policy? At any time by mailing a written notice of cancellation When other insurance is written on ...

Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an accident. Which of the following statements about coverage under the parents' personal auto policy is CORRECT? A) Bobby is covered by his parents' policy because he is included in the definition of named insured. B) Bobby is not covered for this accident because he used the car without permission. C) Bobby is not covered ...

USMC CACO Exam Questions and Answers Already Passed Minors Cannot make disposition of remains - ️️True Fr SMCR deaths not on active duty, it is at the ______ discretion to provide to provide condolence calls/assistance visits to the deceased family members. - ️️Commander's DUSTWUN is defined as? - ️️The transitory casualty classification used when the commander suspects the Marine may be a casualty whose absence appears to be involuntary, but there is a lack of sufficient evidence ...

Cheat Sheet - Property & Casualty Exam Questions and Answers 100% Pass What are the forms of homeowner policies? - Correct Answer ️️ -HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of these forms provides identical liability coverage. The property coverage varies with the homeowners form selected. The following is a list of the forms with the covered perils of each. HO-2 - Correct Answer ️️ -Broad form; owner occupant HO-3 - Correct Answer ️️ -Special Form; owner occupant HO-4 - Co...

Property and Casualty - Types of Property Policies What type of policy consists of the declarations, conditions, endorsements, and other attachments applicable to a single line of insurance? Monoline What are the coverage parts that may be included in a Commercial Package Policy (CPP) Commercial property, general liability, crime, equipment breakdown, auto, inland marine, and farm Brainpower Read More When can an insured cancel a Businessowners policy? At any time by mailing a ...

An Insurance company is the_____. correct answers Principle An insurance company issued a homeowners policy that included ambiguous language regarding how a loss was settled. The insured sued the insurance company and won. The judge stated that due to the ambiguous language in the contract the decision must be made in favor of the insured. The judge was basing this decision on which of the following types of insurance contract? correct answers Contract of adhesion The _____ page in an insu...

SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - ANSWERSA valuation method used by...