Ohio personal lines - Study guides, Class notes & Summaries
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Alabama Property and Casualty Exam 2022/2023 with 100% correct answers
- Exam (elaborations) • 18 pages • 2022
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If a company cancels an auto policy mid term, the refund will be made on 
 
a. pro rata basis 
b. short rate basis 
c. retroactive basis 
d. coinsurance basis 
Pro Rata Basis 
 
 
 
What is the term used to describe terminating the insurance relationship at the end of the policy period ? 
a. cancellation 
b. nonrenewal 
c. separation 
d. exclusion 
Nonrenewal 
 
 
 
Which is the best example of an indirect loss ? 
 
a. sequential loss 
b. liability loss 
c. employee theft 
d. loss of use 
Loss o...
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Ohio Personal Lines (Insurance Exam)
- Other • 17 pages • 2023
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Stock Insurance Company - Answer- Issues non-participating policies and is owned by stockholders who received taxable corporate dividends as a return profit 
 
Reinsurance - Answer- The transfer of risk between insurance companies. The reinsurer assumes some or all of the risks of the ceding, or primary, insurance company 
 
Domestic - Answer- Insurer organized under the laws of the resident state 
 
Foreign - Answer- Insurer organized under the laws of another state within the United States 
 
...
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Ohio State personal lines insurance exam with complete solutions 2024
- Exam (elaborations) • 21 pages • 2024
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Ohio State personal lines insurance exam with complete solutions 2024
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Ohio State personal lines insurance exam with complete solutions 2024
- Exam (elaborations) • 21 pages • 2024
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Ohio State personal lines insurance exam with complete solutions 2024
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Alabama Property and Casualty Exam Questions and Answers Graded A+
- Exam (elaborations) • 29 pages • 2024
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Alabama Property and Casualty Exam 
Questions and Answers Graded A+ 
 
If a company cancels an auto policy mid term, the refund will be made on 
 
a. pro rata basis 
b. short rate basis 
c. retroactive basis 
 
d. coinsurance basis Pro Rata Basis 
 
What is the term used to describe terminating the insurance relationship at the end of the policy 
period ? 
a. cancellation 
b. nonrenewal 
c. separation 
d. exclusion Nonrenewal 
 
Which is the best example of an indirect loss ? 
 
a. sequential lo...
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AL P&C Test Questions and Answers & Verified Solutions Latest 2024/2025 (VERIFIED)
- Exam (elaborations) • 119 pages • 2024
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AL P&C Test Questions and Answers & Verified Solutions Latest 2024/2025 (VERIFIED) Which is the best example of an indirect loss? 
A. Sequential loss 
B. Liability loss 
C. Employee theft 
D. Loss of use - correct answer D. Loss of use 
AL P&C Test Questions and Answers 
(Verified Solutions) Latest 2024/2025 
Graded A+ - University of Alabama 
Which is a two party contract? 
A. Property 
B. Casualty 
C. Liability 
D. Auto - correct answer A. Property 
Insurance contracts offset 
A. speculative r...
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AL P&C University of Alabama Study Guide Questions and Answers Rated A+
- Exam (elaborations) • 93 pages • 2024
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AL P&C University of Alabama Study 
Guide Questions and Answers Rated A+ 
 
If a company cancels an auto policy mid-term, the refund will be made on a : 
 
A. pro rata basis 
B. short rate basis 
C. retroactive basis 
 
D. coinsurance basis A. Pro Rata Basis 
 
What is the term used to describe terminating the insurance relationship at the end of the policy 
period? 
 
A. Cancellation 
B. Nonrenewal 
C. Separation 
D. Exclusion B. Nonrenewal 
 
Which is the best example of an indirect loss? 
 
A...
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AL P&C Test Questions and Answers (Verified Solutions) Latest 2024/2025 Graded A+
- Exam (elaborations) • 119 pages • 2024
-
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AL P&C Test Questions and Answers (Verified Solutions) Latest 2024/2025 Graded A+. Which is the best example of an indirect loss? 
A. Sequential loss 
B. Liability loss 
C. Employee theft 
D. Loss of use - correct answer D. Loss of use 
AL P&C Test Questions and Answers 
(Verified Solutions) Latest 2024/2025 
Graded A+ - University of Alabama 
Which is a two party contract? 
A. Property 
B. Casualty 
C. Liability 
D. Auto - correct answer A. Property 
Insurance contracts offset 
A. speculative r...
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AL P&C Test Questions and Answers (Verified Solutions) Latest 2024/2025 Graded A+ - University of Alabama
- Exam (elaborations) • 119 pages • 2024
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AL P&C Test Questions and Answers (Verified Solutions) Latest 2024/2025 Graded A+ - University of Alabama . What is the term used to describe terminating the insurance relationship at 
the end of the policy period? 
A. Cancellation 
B. Nonrenewal 
C. Separation 
D. Exclusion - correct answer B. Nonrenewal 
Which is the best example of an indirect loss? 
A. Sequential loss 
B. Liability loss 
C. Employee theft 
D. Loss of use - correct answer D. Loss of use 
AL P&C Test Questions and Answers 
(Ve...
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PERSONAL LINES INSURANCE - OHIO (Questions - Insurance Regulation)
- Exam (elaborations) • 15 pages • 2024
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PERSONAL LINES INSURANCE - OHIO (Questions - Insurance Regulation)
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