Sc pc insurance - Study guides, Class notes & Summaries

SC P&C Insurance Exam Study Guide Exam questions with 100% correct answers 2024

SC P&C Insurance Exam Study Guide QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES RATED A GRADE. SC P&C Insurance Exam Study Guide QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES RATED A GRADE. SC P&C Insurance Exam Study Guide QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES RATED A GRADE. SC P&C Insurance Exam Study Guide QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES RATED A GRADE.

Abandonment - Answer-the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - Answer-Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - Answer-an unplanned, unforseen event which occurs suddenly and at a specific place Actual Cash Value - Answer-...

Abandonment - ANSWER the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - ANSWER Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - ANSWER an unplanned, unforseen event which occurs suddenly and at a specific place Actual Cash Value - ANSW...

Abandonment - correct answer the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - correct answer Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - correct answer an unplanned, unforseen event which occurs suddenly and at a specific place ...

Abandonment - correct answer the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - correct answer Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - correct answer an unplanned, unforseen event which occurs suddenly and at a specific place ...

SC P&C Insurance Exam Study Guide Questions With Solutions 100% Correct Adhesion A contract offered on a "take-it-or-leave-it" basis by an insurer, in which the insured's only option is to accept or reject the contract. Any ambiguities in the contract will be settled in favor of the insured. Admitted Insurer An insurer to which a state insurance department has granted a license to do business within that state. Adverse Selection In general, the tendency for people with the gre...

Ethics study of what is morally right and what is not Motivations for unethical conduct Anger lust greed peer pressure Common crimes officer commit False statements, larceny, sex offenses, battery Average experience level of officers who get in ethical dilemmas 7 years 1st phase of continuum of compromise Omission Examples of omission Ignoring traffic violations, failing to conduct follow ups, complete paperwork 2nd phase of continuum of compromise administrative Examples of admini...

SC P&C Insurance Exam Study Guide

Abandonment - ANSWER-the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - ANSWER-Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - ANSWER-an unplanned, unforseen event which occurs suddenly and at a specific place Actual Cash Value - ANSW...