Commercial lines - Study guides, Class notes & Summaries

NCTI FINAL EXAM: PROGRESSION FIELD TECH 5- 6 TEST EXAM| LATEST UPDATE 2023/ 2024| Complete Solutions 1. When determining a location for the EMTA in a business, make sure it can be plugged into an unswitched outlet i. Answer: True 2. Which of the following is true regarding business class voice service installation? Choose all that apply. i. Answer: Firmly establish with the customer and their telephone technician where the demarc (where the customer's responsibility starts and ends)...

Chapter 03 Financial Services: Finance Companies     
True / False Questions
  1. Finance companies differ from banks in that they do not accept deposits. 
TRUE   2. Finance companies have been among the slowest growing FI groups in recent years. 
FALSE   3. General Electric Capital Corporation (GECC) provides services to more than 15 million businesses and consumer is Asia alone. 
TRUE   4. In 2008, GE Capital Corporation accounted for approximately 50 percent...

Motor Vehicle Law GPSTC 320/321 Exam Questions & Answers 100% Accurate!.Authorized Emergency Vehicle - ANSWER-A motor vehicle belonging to a public utility corporation, operated by DOT, or designated by DPS as a emergency. Ambulance, law enforcement vehicle belonging to any state, federal or local agency. Bicycle - ANSWER-propelled by human power, having only two wheels which are in tandem and either is more than 13 inches in diameter Bus - ANSWER-every motor vehicle designed for carrying ...

RSK4804 Assignment 2 2024 (Unique Nr. 546572) - DUE 28 June 2024 ;100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... Question 1 (5) (a) What do you understand by the probability of default? (b) Maseru Development Bank has R850 million credit with Matsieng Hydroelectric Power, with a maturity of eighteen months. The expected loss for Maseru Development Bank is R22 million, and the recovery rate is ...

Property & Casualty Practice Exam: Commercial Lines Who is responsible for damage to improvements in a leased building? A) Tenant B) Building owner C) Improvements to a leased building are not covered D) Both the tenant and the building owner - correct answer B Equipment Breakdown insurance covers all of the following, EXCEPT: A) Equipment powered by internal pressure B) Mechanical equipment used to produce energy C) Tools subject to regular replacement D) Communications equipment - ...

Abandonment - - Insurance company may choose to take damaged property and pay insured the value - Insured CANNOT surrender damaged property to insurance company Active Retention - Identify the loss/risk exposure and really consider the risk itself and all the measures around it. (ex. Should we transfer it, retain it etc.) Admitted (standard or retail) Insurance companies - Regulated by the state, They often must subscribe to rating and form regulations of that state. Agent or Broker - "I...

WebCe - Commercial Lines 101 with complete solution 2023What is the underwriter's goal? - correct answer To write a book of business in which the actual losses approximate the expected losses. Gertrude is going to become an insurance agent. She would like to work in an agency that represents many different insurance companies. Gertrude will go to work for a(n) - correct answer Independent agency When a client suffers a loss, MegaInsurers is expected to respond promptly to settle the resul...

WebCe - Commercial Lines 101 Kevin, the owner of ABC Contractors, is issued a commercial general liability policy by Speedy Insurance. The policy states that Speedy Insurance agrees to pay for all liability arising from bodily injury or property damage that occurs during the policy period. This is found in the _________________ of the policy:

Insurer correct answer: The insurance company Named Insured/Insured correct answer: The policyholder Financial Definition of Insurance correct answer: A financial agreement involving the redistribution of financial losses Legal Definition of Insurance correct answer: A contractual agreement in which one party (the insurer) agrees to compensate or indemnify another party (the insured) for fortuitous losses Loss Pooling correct answer: the sharing of total losses sustained by a fe...

Connecticut Casualty Adjuster for All Lines Questions and Answers Already Passed Which of the following professional liability policies would also cover bodily injury damages? Architects and Engineers E&O Insurance agents E&O Lawyers E&O Fiduciary Legal Liability Architects and Engineers E&O A person, firm, or corporation that, for compensation, acts on behalf of an insured in negotiating the settlement of certain claims for loss or damage to property is known as a/an: independent adjuster spe...