Dwelling policy test 2023 - Study guides, Class notes & Summaries

Pearson Vue Property Insurance Practice Test 2023 updated1. Which of the following perils is covered under the Commercial Property Basic Cause of Loss form? 1. A. Collapse 2. B. Sinkhole collapse 3. C. Falling objects 4. D. Breakage of glass - correct answer Answer: B Sinkhole Collapse The National Flood Insurance Program provides coverage for losses caused by all of the following occurrences EXCEPT: A. mudslides B. runoff from heavy rain C. overflow of tidal waters D. water-main ...

Maine Real Estate test | 42 q&a 2023/24 For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years - No, rejected offers and counteroffers must be retained for 1 year. A designated broker in Maine is: A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. C. A former licensee who is not activ...

ADJUSTER PRO 2023-2024 (EXAM TEST) On January 27, 2008, Ryan was using an exercise bike purchased from NusquamCycle when the chain broke, causing him to fall and severely bruise his knee. It seemed to heal just fine, but three years later, on January 25, 2011, Ryan's knee gave out while jogging. His doctor told him that he'll need surgery and that this deterioration resulted from the earlier accident with the exercise bike. Which of the following CGL policies may cover Ryan's cla...

Property and Casualty Insurance Test Questions and Answers 2023 What is a peril? - A Peril is a cause of loss What is a hazard? - Something that increases the chance of a loss What is the difference between a Moral hazard and a Morale Hazard? - Moral Hazard - dishonesty, against the law Morale Hazard - carelessness What is the method of handling risk that involves a deductible? - Retention (loss or portion of loss) If a fire causes damage to a building, what is the fire considere...

FX Simulated Exam Test Questions and Answers With Absolute Solution 2023 Which of the following policies does NOT contain an automatic reinstatement provision? a) Business automobile liability b) Personal automobile liability with split limits c) Homeowners d) General liability written with an aggregate limit - General Liability written with an aggregate limit The ABC Corporation has $100,000 of coverage on its building through insurance Company A, and $50,000 of identical coverage on ...

P&C License Exam - Practice Test Questions & Answers. Graded A. 2022/2023 Who would be able to collect survivor and death benefits from WC in the event the covered injury resulting in the death of an employee? - Spouse of Employee Which type of crime best describes someone who waits until store personnel are preoccupied and pockets merchandise while no one is looking and leaves without detection - Robbery Not a common exclusion in a liability policy - damage caused by acts of civil di...

FLORIDA CLAIM ADJUSTER STUDY TEST 2023/2024 Florida No-Fault Tort Exemption - CORRECT ANSWER-Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) - CORRECT ANSWER-1. Significant and Permanent loss of bodily function. 2.Permanent injury other than scarring and disfigurement. 3.Significant and Permanent scarring or disfigurement. 4.Death What does NFIP stand for? - CORRECT ANSWER-Natio...

Rockwell Real Estate Final Exam Questions and Answers Latest 2023/2024. The interest that passes to a designated person upon the death of a life tenant (or other measuring life) is a fee simple estate. Will has a remainder interest only up until the moment Ben dies. Once Ben is dead, Will's interest immediately becomes a fee simple interest. A buyer accepts a general warranty deed from a seller, believing that the seller is the sole owner of the property. The buyer later finds out that the...

FLORIDA CLAIMS ADJUSTER EXAM TEST 2023/2024 Peril - CORRECT ANSWER-Somthing t√dhat causes a loss. Hazard - CORRECT ANSWER-Something that increases the probability that a loss will occur. Warranty - CORRECT ANSWER-A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation - CORRECT ANSWER-An untrue statement by the insured, made in an application for insurance but which does not become a part ...

Rockwell Exam Real Estate Classes WA Final Exam Questions and Answers Latest 2023/2024. A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as ...