Property and casualty ch - Study guides, Class notes & Summaries

Premises and Operations - CORRECT ANSWER-exposure under a general liability policy applies to an insured business that conducts its operations both at its own premises and elsewhere. Products Exposure - CORRECT ANSWER-under a GL policy applies to the bodily injury property damage caused by any goods/products under insured's name Completed Operations Exposure - CORRECT ANSWER-Applies to occurrences that occur after the insured's operations have been completed and result from improper o...

A chance or uncertainty of loss is called ___? - ANSWER Risk Gambling is an example of ____. - ANSWER Speculative risk Insurance will only cover ____ risks. - ANSWER Pure The transfer of risk from an individual or business to a professional risk taking company is called ____. - ANSWER Insurance Loss is defined as _____ hurt. - ANSWER Financial Having your car stolen is an example of a ____ loss, whereas not having the use of your stolen car would be referred to as an _____ or cons...

A chance or uncertainty of loss is called ___? CORRECT ANSWER Risk Gambling is an example of ____. CORRECT ANSWER Speculative risk Insurance will only cover ____ risks. CORRECT ANSWER Pure The transfer of risk from an individual or business to a professional risk taking company is called ____. CORRECT ANSWER Insurance Loss is defined as _____ hurt. CORRECT ANSWER Financial Having your car stolen is an example of a ____ loss, whereas not having the use of your stolen car would be r...

A D Banker Property and Casualty Chapter 9

Premises and Operations - CORRECT ANSWER-exposure under a general liability policy applies to an insured business that conducts its operations both at its own premises and elsewhere. Products Exposure - CORRECT ANSWER-under a GL policy applies to the bodily injury property damage caused by any goods/products under insured's name Completed Operations Exposure - CORRECT ANSWER-Applies to occurrences that occur after the insured's operations have been completed and result from improper o...

Property And Casualty Chapter 12 Exam Questions And Answers With Verified Solutions Already Passed!!!

A D Banker Property and Casualty Chapter 9

A D Banker Property and Casualty Chapter 9 (1)

Property and Casualty Insurance KY Chapter 2 -The insurance contract ELEMENTS OF A VALID CONTRACT (AGREEMENT) - correct answer Competent parties (15 Y KY) (16 Y IN) Legal purpose Offer and acceptance (agreement) (offer=applicant) (acceptance=Insurance) Consideration HH QUESTION : all of the following are elements of valide contract EXCEPT - correct answer Written instruments ????? Legal Purpose of a contract. - correct answer is that it be formed for a legal purpose. A contract that ...

Property and Casualty Insurance KY Chapter 2 -The insurance contractELEMENTS OF A VALID CONTRACT (AGREEMENT) - correct answer Competent parties (15 Y KY) (16 Y IN) Legal purpose Offer and acceptance (agreement) (offer=applicant) (acceptance=Insurance) Consideration HH QUESTION : all of the following are elements of valide contract EXCEPT - correct answer Written instruments ????? Legal Purpose of a contract. - correct answer is that it be formed for a legal purpose. A contract that is...