Define insured location - Study guides, Class notes & Summaries
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CISR - Elements of Risk Management Exam 132 Questions with Answers,100% CORRECT
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CISR - Elements of Risk Management Exam 132 Questions with Answers 
 
 
A ____ is a cause of loss - CORRECT ANSWER peril 
 
A situation, behavior, or condition that may lead to adverse financial consequences - CORRECT ANSWER exposure 
 
A cyberattack is an example of a ____ - CORRECT ANSWER peril 
 
An Insured who shows no regard for his insured property demonstrates a - CORRECT ANSWER morale hazard 
 
A spill on a supermarket aisle is an example of a ____ because it increases the likelihood...
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CPCU 500 Exam Questions- Managing Evolving Risks with correct Answers
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Drones may be equipped with cameras that relay data in real-time 
 
Which one of the following uses infrared light to detect nearby objects? - Answer- Lidar 
 
AMRM Insurance Company sells insurance in Virginia, North Carolina, South Carolina, and Georgia. The company has compiled a policyowner data base that can be used to send text messages when hurricanes approach. The company provides early warnings, storm updates from the National Weather Service, and hurricane safety measures. The company ...
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Test Bank for Medical-Surgical Nursing 5Ed.by Holly Stromberg
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Test Bank for Medical-Surgical Nursing 5E Holly Stromberg 
Chapter 01: Caring for Medical-Surgical Patients Stromberg: Medical-Surgical Nursing: Concepts and Practice, 5th Edition 
MULTIPLE CHOICE 
1. Which statement accurately describes the primary purpose of the state nurse practice act (NPA)? a. To test and license LPN/LVNs b. To define the scope of LPN/LVN practice c. To improve the quality of care provided by the LPN/LVN d. To limit the LPN/LVN employment placement ANS: B While improv...
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Property and Casualty License in Arkansas Health Insurance Company :Complete Exam 2024
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Property and Casualty License in 
Arkansas Health Insurance Company 
:Complete Exam 2024 
What is Insurance? - CORRECT ANSWER-Transfers the risk of loss from individual to 
insurance co. 
What is Risk? - CORRECT ANSWER-Chance of loss occuring 
What are 3 types of Hazzards? - CORRECT ANSWER-Physical, Moral, Morale 
What is a Peril? - CORRECT ANSWER-Causes of loss insured against 
What does Indemnify mean? - CORRECT ANSWER-Right for Reimbursement but only 
to the extent of the loss. Cannot gain...
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Property and Casualty License in Arkansas Exam Questions and Answers 100% Pass
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Property and Casualty License in 
Arkansas Exam Questions and 
Answers 100% Pass 
What is Insurance? - Correct Answer ️️ -Transfers the risk of loss from individual to 
insurance co. 
What is Risk? - Correct Answer ️️ -Chance of loss occuring 
What are 3 types of Hazzards? - Correct Answer ️️ -Physical, Moral, Morale 
What is a Peril? - Correct Answer ️️ -Causes of loss insured against 
What does Indemnify mean? - Correct Answer ️️ -Right for Reimbursement but only to 
the ex...
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ADJUSTER PRO MS SECTION 4A - 4B WITH COMPLETE SOLUTIONS
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Define Insurance 
Insurance is a tool that protects people from overwhelming financial losses. 
 
 
Explain how Insurance works 
Under an insurance contract, the insured pays a scheduled fee called a premium. 
In return, the insurer promises to pay for specified losses if they occur. 
 
 
 
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What is insurance? 
Insurance transfers risk. A person or organization called the i...
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CAIB 2 - Chapter 6 Latest Update Graded A+
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CAIB 2 - Chapter 6 Latest Update 
 
Graded A+ 
 
3 Considerations that make some property items "Target Items" and provide an explanation for 
each 1) Convertibility; the ease at which property can be sold and converted to cash 2) 
Value; higher valued articles are more attractive to thieves 3) Portability; the ease at which 
property can be transported 
 
4 methods used by thieves which may cause loss to insured property & provide an example 
1) Forceable entry into building; entry by breakin...
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Fundamentals of Insurance BC questions and answers graded A+
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Fundamentals of Insurance BC 
questions and answers graded A+ 
What is the major function of insurance? - ANSWERS to allow the spread of risk 
What are the five important functions of insurance? - ANSWERS 1) insurance is the 
shifting of financial responsibility for a loss 
2) payment will be made only in the event of an insured risk 
3) the amount of payment is restricted to the amount required to indemnify the insured 
4) insurance covers losses the object may be exposed to 
5) the indemnit...
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CAIB 2 Chapter 1 Practice Exam 1 Latest Update Graded A+
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Explain what it means to issue insurance on a scheduled basis Only the property listed or 
scheduled on the policy is insured 
Explain what is meant to issue insurance on the basis of Property of Every Description 
Building, stock and equipment are insured under a single limit of insurance 
Explain what it means to issue insurance on an all property (blanket) basis All property 
owned by the insured is insured under a single limit of insurance. All property blanket may 
insure property at more t...
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Property and Casualty License in Arkansas Exam Questions and Answers 100% Pass
- Exam (elaborations) • 30 pages • 2024
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Property and Casualty License in 
Arkansas Exam Questions and 
Answers 100% Pass 
What is Insurance? - Correct Answer ️️ -Transfers the risk of loss from individual to 
insurance co. 
What is Risk? - Correct Answer ️️ -Chance of loss occuring 
What are 3 types of Hazzards? - Correct Answer ️️ -Physical, Moral, Morale 
What is a Peril? - Correct Answer ️️ -Causes of loss insured against 
What does Indemnify mean? - Correct Answer ️️ -Right for Reimbursement but only to 
the ex...
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