Standard deductible 500 - Study guides, Class notes & Summaries

New York All Lines Adjuster Exam with 100% Correct Answers (Graded A+) DP - valuation - ANSWER-DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - ANSWER-20% of A DP - coverages (A-E) - ANSWER-A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - ANSWER-DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - ANSWER-...

New York All Lines Adjuster Exam with Correct Answers 2024/2025 (Graded) DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - ANSWER-20% of A DP - coverages (A-E) - ANSWER-A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - ANSWER-DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - ANSWER-DP-1 - 5 days DP-2 - 30 days DP - limit for trees/pl...

Michigan P & C Insurance Exam Test. Questions and answers. 100% Verified. Rated A Termination of Insurance for auto and home must be sent to last know address no later than - 30 days before cancellation Termination of casualty insurance cannot take place until- from the mailing date - 10 days PIP in auto insurance covers individual care from a family member for - a limit of $20 a day for three years limited collision - shall pay for collision damage to the insured vehicle without a...

The Business owners Policy, or BOP, is a ____ policy that can be used to cover most small low _____. - ANSWER Prepackaged, Low risk One of the advantages of the BOP is that it is ____, which means that many of the coverage questions have been predetermined by the insurance company which lowers the _____. - ANSWER Prepackaged, Premium The BOP automatically includes both ____ coverage's and ____ coverage's. - ANSWER Property and Liability Eligible for a BOP are small to medium _____ bus...

Florida Property & Casualty Insurance Exam Questions and Answers 100% Pass The FAJUA is composed of: - Correct Answer ️️ -All companies licensed to write auto insurance in Florida A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy covering bodily injury and property damage liability for aviation risks is defined as: - Correct Answer ️️ -Airport and Air Meet Liability Homeowners HO-3 policy - severe theft loss. Coverage A limit...

What kind of retirement plan can a 75-employee for profit corporation establish? - ANSWER-Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the - ANSWER-Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT - ANSWER-failure to pay all claims that are reported within 90 days after a loss occurs The settlement option that allows p...

4 types of hazards - 1) physical hazard 2) moral hazard 3) attitudinal hazard 4) legal hazard 6 characteristics of an insurable risk - 1) there must be a large number of exposure units 2) the loss must be accidental and unintentional 3) the loss must be determinable and measurable 4) the loss should not be catastrophic 5) the chance of loss must be calculable 6) the premium must be economically feasible active retention - active risk retention means that an individual is consciously aw...

New York All Lines Adjuster Exam with 100% Correct Answers (Graded) DP - valuation - ANSWER-DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - ANSWER-20% of A DP - coverages (A-E) - ANSWER-A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - ANSWER-DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - ANSWER-DP-...

The FAJUA is composed of: CORRECT ANSWER All companies licensed to write auto insurance in Florida A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy covering bodily injury and property damage liability for aviation risks is defined as: CORRECT ANSWER Airport and Air Meet Liability Homeowners HO-3 policy - severe theft loss. Coverage A limit is $100,000. Insured losses include $25,000 furniture, clothing and other ordinary personal pro...

The FAJUA is composed of: - Answer All companies licensed to write auto insurance in Florida A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy covering bodily injury and property damage liability for aviation risks is defined as: - Answer Airport and Air Meet Liability Homeowners HO-3 policy - severe theft loss. Coverage A limit is $100,000. Insured losses include $25,000 furniture, clothing and other ordinary personal property ...