Georgia property and - Study guides, Class notes & Summaries

GEORGIA PROPERTY AND CASUALTY EXAM LATEST EXAMS 2024 | 2 DIFFERENT EXAMS | ALL QUESTIONS AND CORRECT ANSWERS WITH RATIONALES | ALREADY GRADED A+ | JUST RELEASED

REAL ESTATE GA STATE EXAM (52 QUESTIONS) | ANSWERED/ WITH RATIONALE| GRADED A+/ The Georgia Real Estate Commission will discipline a licensee for which of the following actions? - - A. II and IV only II. Guaranteeing future profits from the sale of a property. IV. Persuading a party to an existing listing contract to break that contract and list with the licensee. Which licensee is violating Georgia license law? - -A. Salesperson Maria accepts a commission payment directly from her clie...

Georgia Property and Casualty Exam Questions and Answers (Latest Update 2024)

Georgia Property and Casualty ExamProperty Insurance - correct answer Items that are tangible: all structures in a policy will be classified as _______________ Casualty - correct answer Liability Coverage, 3rd party coverage. Two parties of insurance policy - correct answer Insured and Carrier Person who files claim against insured, because the insured was negligent - correct answer 3rd party Negligent - correct answer Control circumstances that cause 3rd parties loss. Failure t...

Georgia Property and Casualty Insurance Terms and Related Concepts. What is insurance? - correct answer transfers 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 Terms and Related Concepts. What is risk? - correct answer the uncertainty or chance of a loss occurring. Insurance Terms and Related Concepts. What are the 3 types of hazards? - correct answer Physical, moral...

Georgia Property and Casualty Pre-Licensing Appraisal condition - correct answer Appraisers from both parties negotiate. If this fails, an impartial third-party ((umpire) is brought in. The decision of the umpire is final. Insurance company - correct answer Insurer Moral hazard - correct answer Situations with the potential of creating false/fraudulent claims. (poor financial situations etc.) Premium - correct answer Amount paid to the insurance company for coverage Service insu...

Georgia Property and Casualty Insurance coverage EXCLUDED for HO policies - correct answer flood coverage EXCLUDED for HO policies - correct answer landslides coverage EXCLUDED for HO policies - correct answer mudslides not insurable on HO policies - correct answer land on which a house sits coverage EXCLUDED for HO policies - correct answer property of a boarder/renter coverage EXCLUDED for HO policies - correct answer property of a guest or residence employee. HO poli...

Georgia Property and Casualty Insurance Exam Latest Update 2024 500 Questions and Verified Correct Answers Guaranteed A+

Georgia Property and Casualty Insurance Exam Questions and Answers 2024.

BPP building coverage - Answer insures the building at the described location, outdoor, fixtures, furnitures, items used to service the property, permanently installed machinery and equipment, and additions under construction, including the materials, supplies, and equipment. HO limits of property at other residences - Answer the larger of $1000 or 10% Coverage C. Limit does not apply if property is moved because the residence premise is being repaired or rebuilt. When property is moved ...