Endorsements - Study guides, Class notes & Summaries

Alabama AdjusterPro Exam for P&C with WC and Crop (2023) Alabama AdjusterPro Exam for P&C with WC and Crop (2023) 1: Incorrect Indemnification may include all of the following except: reimbursement for hotel costs. reimbursement for rental car costs. Answer Given payment for repairs to property. Actual Answer payment for pain and suffering. 2: Correct What is a reserve, in insurance terms? The amount of revenue that the insurer sets aside to pay employee s...

KENTUCKY ADJUSTER EXAM PREP EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS LATEST UPDATES Insurance Transfers risk of financial losses from one party to another Insured Individual or organization that pays premiums in exchange for protection Insurer Company, group, or government agency offering financial protection Insurance policy A legally binding contract in which the insurer agrees to take on specified risks in exchange for the insured's premium. Principle of indemnity Restoration ...

PROPERTY AND CASUALTY ENDORSEMENTS EXAM PREP QUESTIONS AND ANSWERS 2024.

CIC Commercial Property I Coverage Forms and Endorsements Exam

AINS 101 Question with Verified 100 % correct answers. The two main sectors of the insurance industry are:Answer: Propertycasualty insur- ance and life-health insurance. 2. Because insurance contracts impose an obligation for ethical practices and behaviors on the parties while dealing with one another, an insurance contract is called a:Answer: Contract of utmost good faith. 3. Earned premiums are shown on an insurer's income statement because they are:Answer: Revenues 4. Destructive comp...

In addition for checking for us for electrical fuse three red reflective triangle and properly charge a rate fire extinguisher sure school bus drivers must also inspect the following emergency equipment Answer Three red burning flares and nine items first aid kit A school bus driver must also check the alternately flashing amber light indicator if equipped the alternately flashing red lights indicator and the strobe light indicator if equipped Answer True School bus drivers must also check...

Property and Casualty EndorsementsAutomatic Increase in Insurance (Dwelling) - correct answer Provide annual increase in Coverage A & B in 4%, 6%, or 8% Dwelling Under Construction Endorsement (Dwelling) - correct answer Used when dwelling under construction - policy limit based on value of partially completed home, increases as home progresses Mobile Home (Dwelling) - correct answer Allows mobile home to be insured, must be on permanent foundation Broad Theft Coverage (Dwelling) - corr...

CIC ADDITIONAL INSURED CONCEPTS AND ENDORSEMENTS EXAM QUESTIONS WITH COMPLETE ANSWERS

Mandatory Uniform Provisions - Answer- Must be included in every individual accident policy, no additional provisions may be included which otherwise restrict or modify a uniform provision, designed to protect the insured's interest Entire Contract Clause- Mandatory Uniform - Answer- Includes the policy and provisions, c a copy of the application and any riders, waivers, or endorsements Time Limit on Certain Defenses-Mandatory Uniform - Answer- No statement or misstatement may be contested afte...

ATP Pre-Solo Written exam with 100% Correct Questions and Answers | Rated A+ What personal Documents and endorsements are you required to have while flying solo? - answerCertificate Endorsements, Logbook Endorsements, Student Certificate and Medical What are your student pilot limitations regarding carriage of passengers or cargo and flying for compensation/hire? - answerNo passengers, cargo, or furtherance of business. Explain student pilot limitations concerning visibility and flight abo...