Auto liability - Study guides, Class notes & Summaries

insurance - Answer- ________________ is a contract whereby one undertakes to indemnify another or pay or allow a specified amount or a determinable benefit upon determinable contingencies. casualty - Answer- ______________ insurance is insurance which pays on behalf of the insured's legal liability. liberalization - Answer- The ______________ provision broadens an insured's coverage without an increase in premium when the insurer has adopted a generic global policy revision. severabil...

Eligible Vehicles - Owned or Leased for 6 months or longer by: a) Individual (and spouse) b) Related Residents (other than spouse) c) Non-Related Residents d) Non-Resident Relatives Private Passenger Vehicles a) 4 wheels b) Not for public/livery conveyance c) Not rented to others Pickups/Vans if: a) Weight < 10,000 lbs b) Not used for delivery/transportation of goods Policy Format - A - Liability B - Medical Payments C - Uninsured Motorists D - Coverage for Damage to Your Auto ...

MAINE PROPERTY &CASUALTY ADJUSTER EXAM PREP QUESTIONS WITH COMPLETE SOLUTIONS 2024 What is the interest rate for claims not paid and over 30 days? 1 ½ % per month A CEO is piloting a rented aircraft and injures someone. What kind of coverage is this covered under? Non-owned aircraft coverage How are wages computed for workers compensation? 2/3 of average after take weekly wages A company sells costume jewelry ranging in price from $1.00 to $5.00 and has had $10,000.00 in jewelry sto...

In PA, a consumer reporting agency may list all of the following information about a consumer EXCEPT: - Medical Information The device that synchronizes the spark plug firing sequence is: - Camshaft Sensor If an insured fail to report a claim in a timely fashion the adjuster will usually: - Send the insured a reservation of rights letter When using a dedicated bench fixture to measure a unibody with front-end damage, where should fixtures be placed? - Fixtures should be placed in the damag...

TEXAS ADJUSTER EXAM 2024 WITH 100% CORRECT ANSWERS If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - correct answer $30,000 Which of the following statements best describes an inland marine policy? - correct answer Pertains to Cargo with no fixed location Alex is traveling through College Station and hits a deer, and the damages are $1500. He has comprehensive c...

AIC 302 SIMULATED EXAM QUESTIONS AND ANSWERS 100% PASS Conor is handling an auto claim involving the death of a minor child in a state that recognizes the intrinsic value of children. Conor's proposed settlement amount will include - Correct Answer ️️ -A calculated value of the child's future services to the parents. A calculated value of the child's future services to the parents. Intrinsic value of children is the assumption that parents invest in children knowing that they will ...

NY Accident & Health Insurance Licensing Exam Study Guide (2024) || Questions & Answers (100% Correct) NY Accident & Health Insurance Licensing Exam Study Guide (2024) || Questions & Answers (100% Correct) Which section of an insurance policy contains language to assist an insurance company in managing morale and moral hazards - ANSWER - The exclusions The funds assessed to be deposited into the NY Special Disability Fund are deposited with? - ANSWER - The Commissioner of Taxation and Fin...

California Property and Casualty Insurance Exam Questions and Answers 100% Pass What is the required rate discount under a Good Driver Discount policy? - Correct Answer ️️ -20% below the rate the insured would have been otherwise charged for the same coverage All the following are authorized activities for the Limited Automobile Insurance Agent EXCEPT if the agent - Correct Answer ️️ -Charges and collects a brokers fee for service What is the procedure for refusing uninsured moto...

NEW HAMPSHIRE PROPERTY & CASUALTY QUIZ QUESTIONS WITH COMPLETE SOLUTIONS 100% What is true about controlled forms? - correct answer These forms are usually issued according to published rules and rates When will an insurance company pay damages on behalf of an insured under a CGL policy? - correct answer when the company determines that the insured is legally liable A loss reserving method that establishes aggregate reserves for all claims for a single type of insurance is known as - co...

Colibri Real Estate (Real Estate Express) Final Exam Review (UPDATED) Fully Solved Assured A+. Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission p...