Fx property and casualt - Study guides, Class notes & Summaries

To be considered an insurable risk, a loss may NOT be - catastrophic Which of the following persons would be required to hold a producer license? - a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? - ocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? - the difference in the actual cash value as a pair and as a single Which of the following add...

Fx property and casualty Exam Questions and Answers 2024

Examfx Property and Casualty | Questions with 100% Correct Answers | Latest Update 2024 | Verified

Workers Compensation - CORRECT ANSWER Benefits required by state law to be paid to an employee by an employer in the case of injury, disability, or death as the result of an on-the-job hazard. Warranty - CORRECT ANSWER A material stipulation in the policy that if breached may void coverage. Waiver - CORRECT ANSWER The voluntary abandonment of a known or legal right or advantage. Waiting Period - CORRECT ANSWER Time between the beginning of a disability and the start of disability in...

Exam Fx property and casualty | 976 Questions and Answers | 100% Correct | Rated A+

1. In dwelling policies, automatic increase in insurance is (Choose from the following options) 1. Coverage for newly acquired property. 2. Coverage by endorsement. 3. Automatic coverage. 4. Coverage without additional premium. - correct answer 2. Coverage by endorsement. 2. Personal business property out in the open is covered under Commercial Property Policy only while (Choose from the following options) 1. Within 150 feet of the described premises. 2. Within 100 feet of the describe...

Examfx Property and Casualty Testbank | Questions with 100% Correct Answers | Latest Update 2024 | Verified

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