Ga property and casualty - Study guides, Class notes & Summaries

PROPERTY & CASUALTY QUESTIONS GA EXAM QUESTIONS AND VERIFIED ANSWERS

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Exam FX GA Property and Casualty Exam With Correct Solutions

GA PROPERTY AND CASUALTY EXAM QUESTIONS AND CORRECT DETAILED ANSWERS

In Return for premium, and insurance company must.. correct answer: Be Fair in underwriting and pay covered losses In return for premium, an insurance company must be fair and impartial in underwriting of risks and must pay claims made for all covered losses. The part of a policy that clarifies terms in the policy is the correct answer: Definitions The valued policy statute applies in which of the following events? correct answer: In the event of a total loss by fire to a one or two ...

GA Property and Casualty TermsAbandonment - correct answer An attempt by an insured to receive full value for a partially damaged item by offering the damaged property to the insurance company. Absolute Liability - correct answer A tort law concept in which an individual can be found legally responsible without being negligent. Acceptance - correct answer An element of contract law under which one party accepts the offer of another party. Accident - correct answer An unexpected and ...

GA Property & Casualty Exam Questions and Answers Insurance policy covers what type of losses In order to have an indirect loss, you must have What does property insurance cover? Direct loss Indirect loss What is the purpose of personal lines insurance? What is the purpose of commercial insurance? Who transfers risk in insurance? How do insurance companies use premiums? Named Insured Who is the insurance company? Cancellation Insured cancels policy Risk Mad...

GA PROPERTY & CASUALTY TESTQUESTIONS AND ANSWERS VERIFIED 2024