Inland marine forms Study guides, Class notes & Summaries
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AINS 103 Study Guide (Latest 2023/ 2024 Update) Exploring Commercial Insurance | Complete with Questions and Verified Answers| 100% Correct| Grade A
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AINS 103 Study Guide (Latest 2023/ 2024 Update) Exploring Commercial Insurance | Complete with Questions and Verified Answers| 100% Correct| Grade A 
 
Q: Marine insurance includes both ocean and inland marine coverage in the U.S. only 
 
 
Answer: 
TRUE 
 
 
 
Q: Disease thought to be caused by work or the work environment. 
 
 
Answer: 
Occupational disease 
 
 
 
Q: A description of the property insured would be located on the ________ _____ of a CPP 
 
 
Answer: 
Declarations page 
 
 
 
Q: ...
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AMIM 122 Exam | 267 Questions With 100% Correct Answers.
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Nationwide Marine Definition - Limits the types of risks and policies that marine insurers were 
permitted to underwrite. Property must be in transit or bear some relation to transportation or 
communication to qualify for coverage under a marine or inland marine policy. 
Filed classes - or controlled classes - those classes of business for which rates or forms or both 
must be filed with the insurance commissioner of a state for the insurer to write that class of business in 
that state. 
Nonfi...
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Arkansas Property and Casualty Exam with complete solutions
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Arkansas Property and Casualty ExamNationwide marine insurance - correct answer . All property must contain an element of transportation to be eligible under inland marine coverage forms. Specifically, it must be in transit, be moveable, bear a relationship to transportation or communication, or be held in the possession of a bailee, who is someone other than the property owner. 
 
The Nationwide Marine Definition defines 6 broad classes of property that may be insured under marine contracts. Th...
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Pennsylvania Property & Casualty 2024
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Policy Conditions - correct answer How parties to the contract must act following a loss 
 
Discovery Form in Commercial Ins. - correct answer an occurrence taking place at any time & discovered during the policy period or extended reporting period (60 days) 
 
Vacant - correct answer Absence of people and property 
 
Filed form in Commercial - correct answer a form that may require an insurer to file for rate & form approval 
 
Unfiled form in Commercial - correct answer may not require an appr...
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CPCU 557 Chap 5 Questions & Answers Already Graded A+
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CPCU 557 Chap 5 Questions & Answers Already 
Graded A+ 
Inland Marine Insurance - ️️ Insurance that covers many different classes of property 
that typically involve an element of transportation 
Can be included in a commercial package policy or issued as a monoline policy that 
provides inland marine insurance only. 
Marine Insurance - ️️ Insurance that, in the US, includes both ocean and inland marine 
coverage and in the rest of the world is limited to insurance for vessels and cargo ...
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Arkansas Property and Casualty Exam with complete answers 2024
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Arkansas Property and Casualty Exam 
Nationwide marine insurance - correct answer . All property must contain an element of transportation to be eligible under inland marine coverage forms. Specifically, it must be in transit, be moveable, bear a relationship to transportation or communication, or be held in the possession of a bailee, who is someone other than the property owner. 
 
The Nationwide Marine Definition defines 6 broad classes of property that may be insured under marine contracts. ...
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CIC Commercial Multi-Line Exam Questions and Answers
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CIC Commercial Multi-Line Exam Questions and Answers 
Describe how inland marine insurance started - Answer ️️ -evolved from ocean 
marine 
-filled gap in coverage as good transitioned from ocean marine 
-cover goods in transit over land 
Does inland marine also apply to instruments of transportation and 
communication? - Answer ️️ Yes, ex. Bridges, tunnels, piers, cell towers, 
pipelines. 
What is the basic exclusion applicable to inland marine? - Answer ️️ Property in 
a fixed loca...
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Commercial package property (casualty) latest version graded A+
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Commercial package property (casualty) 
 
latest version graded A+ 
 
COMMERCIAL PACKAGE POLICY the commercial package policy was introduced in 
1986 to replace the special multiple policy and other related monoline policies. some of the most 
important goals of this overhaul were the following: 
 
*simplify the text of policy forms and endorsements 
*modernize coverage by eliminating outdated provisions, broadening certain coverages, 
increasing internal policy limits, and including popular cov...
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CIC Commercial Multi-Line
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Describe how inland marine insurance started - Answer- -evolved from ocean marine 
-filled gap in coverage as good transitioned from ocean marine 
-cover goods in transit over land 
 
Does inland marine also apply to instruments of transportation and communication? - Answer- Yes, ex. Bridges, tunnels, piers, cell towers, pipelines. 
 
What is the basic exclusion applicable to inland marine? - Answer- Property in a fixed location is not eligible for marine insurance 
 
Lost 4 types of floaters - ...
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FLORIDA GENERAL LINES 2-20 TERMS | 205 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS 100% CORRECT | UPDATE 2024
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FLORIDA GENERAL LINES 2-20 TERMS | 205 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS 100% CORRECT | UPDATE 2024 
Accident 
A sudden fortuitous event 
 
 
 
abandonment clause 
A clause often contained in property insurance policies stating that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value 
 
 
 
Accounts receivable coverage forms 
An inland marine coverage form which insures against loss the insured suffers because of an inability to ...
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