Nevada property casualty - Study guides, Class notes & Summaries

Nevada Property & Casualty Exam Latest Update Graded A+ Agreed value Property policy with a provision agreed upon by the insurer and insured as to the amount of insurance that represents a fair valuation for the property at the time the insurance is written. At the time of a loss, the policy pays the agreed value as specific on the policy schedule, regardless of the insured property's appreciation or depreciaion. Absolute liability Any conduct that is inherently dangerous (swimming ...

Nevada Property and Casualty Questions and Answers 2024 Latest Edition

Property and Casualty Insurance Nevada State Law Supplement Questions and Answers 100% Pass A certificate of authority gives a(n) Company authority to transact insurance in Nevada A characteristic unique to surplus lines insurance is that it May be written with unauthorized insurers provided there are no authorized insurers selling that type of policy in Nevada The commissioner must examine authorized insurers at least one every 5 years Which of these insurance professionals inv...

Nevada Property and Casualty Exam Questions and Answers 100% Correct A insurance binder is effective for no more than - Answer- 90 Days Mr. Underwood gave his agent a down payment for the purchase of a business insurance policy. The insurance company issued a policy that promises to pay Mr. Underwood under terms and conditions stated in the policy. What specific term is used to refer to Mr. Underwood's payment and the insurance company's promise to pay? - Answer- Consideration Which of...

Nevada Property & Casualty Exam Questions and Answers 100% Pass Agreed value - Answer- Property policy with a provision agreed upon by the insurer and insured as to the amount of insurance that represents a fair valuation for the property at the time the insurance is written. At the time of a loss, the policy pays the agreed value as specific on the policy schedule, regardless of the insured property's appreciation or depreciaion. Absolute liability - Answer- Any conduct that is inherent...

Nevada Property and Casualty With Questions And 100% ALL CORRECT ANSWERS

Nevada Property & Casualty Exam Questions and Answers 100% Pass Agreed value - Answer- Property policy with a provision agreed upon by the insurer and insured as to the amount of insurance that represents a fair valuation for the property at the time the insurance is written. At the time of a loss, the policy pays the agreed value as specific on the policy schedule, regardless of the insured property's appreciation or depreciaion. Absolute liability - Answer- Any conduct that is inherent...

Property and Casualty Insurance Nevada State Law Supplement Questions and Answers 100% Correct A certificate of authority gives a(n) - Answer- Company authority to transact insurance in Nevada A characteristic unique to surplus lines insurance is that it - Answer- May be written with unauthorized insurers provided there are no authorized insurers selling that type of policy in Nevada The commissioner must examine authorized insurers at least one every - Answer- 5 years Which of these i...

Property and Casualty Insurance Nevada State Law Supplement Questions and Answers 100% Correct A certificate of authority gives a(n) - Answer- Company authority to transact insurance in Nevada A characteristic unique to surplus lines insurance is that it - Answer- May be written with unauthorized insurers provided there are no authorized insurers selling that type of policy in Nevada The commissioner must examine authorized insurers at least one every - Answer- 5 years Which of these i...