2024 idaho insurance a - Study guides, Class notes & Summaries

IDAHO PROPERTY INSURANCE EXAM L ATEST 2024 WITH EXPERT CERTIFIED QUESTIONS AND ANSWERS I ALREADY GRADED A+ NEW!

Idaho Property & Casualty Exam Prep Questions and Answers 2024 Verified Which of the following statements is false with respect to requirements for rates? A) Rates may not be inadequate B) A purpose of the rate regulation is to diminish competition between insurers C) Rates may not be unfairly discriminatory D) A purpose of the rate regulation is to regulate cooperative action among insurers - CORRECT ANSWER-B The Businessowners Coverage Form to the Businessowners Policy provides covera...

IDAHO PROPERTY INSURANCE EXAM Questions with Complete Solutions 2024 The term flood refers to all of the following EXCEPT A. an overflow of inland tidal waters B. collapse of land as a result of excessive erosion due to flood C. mudslides D. sewer backup - Correct Answer Sewer backup Insurers may be classified according to their financial strength. This includes all of the following factors EXCEPT... A. Number of clients B. Loss experience C. Investment performance D. Operating ...

2024 Idaho Life Insurance Exam Final Questions and Answers Accelerated Benefits - CORRECT ANSWER-Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - CORRECT ANSWER-A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance - CORRECT ANSWER-An insurance policy that provide...

Idaho Insurance Licensing Property and Casualty Exam Study Guide with Complete Solutions 100% Verified 2024 Insurance - Correct Answer Is a contract win which one party agrees to indemnify the insured party against loss,damage, or liabilty. Insurance Transfers - Correct Answer The risk of loss from an individual or business entity to an insurance company which in turn spreads the costs of unexpected losses to many individuals. Insurance Transaction - Correct Answer Includes solicitation, ...

Idaho Life Insurance Exam (2023/2024) Already Passed Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance An insurance policy that provides payment if the insured's death is the result of the accident. ...

Idaho Property and Casualty Exam Questions and Answers 2024 Verified Bailee - CORRECT ANSWER-An individual or organization who has taken into its care, custody, and/or control the property of another for servicing, repair, or storage Hazard - CORRECT ANSWER-Something that increases the chance or likelihood of a loss occuring. (physical or moral or morale) Market Value - CORRECT ANSWER-A property policy provision that changes the valuation method otherwise applicable (ACV or RV) to a ...

Study Guide for Casualty Idaho Property Insurance Exam Questions and Answers 2024 A violation of the insurance laws and regulations in Idaho could result in a monetary fine up to: - CORRECT ANSWER-$5000 The minimum limits of a basic automobile liability insurance required by the state of Idaho is: - CORRECT ANSWER-25/50/15 A violation of unfair insurance claims practices will result in which of the following fine amounts? - CORRECT ANSWER-$10,000 A violation of a cease and desist o...

Idaho Bail Bondsman Insurance License Exam Questions and Answers 2024 Updated A domestic insurance companay: - CORRECT ANSWER-is incorporated in the state within which it is located. It is considered foreign in all other states. A captive insurance company exists primarily to: - CORRECT ANSWER-underwrite the risks of the parent owner. What agreement is for laying the legal framework of the insurance business? - CORRECT ANSWER-Insurance agent partnership agreement True or False: An ...