Indemnity contract - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Indemnity contract? On this page you'll find 3553 study documents about Indemnity contract.
Page 3 out of 3.553 results
Sort by
-
USAA Licensing Exam Verified Questions And Answers 2024
- Exam (elaborations) • 19 pages • 2023
-
Available in package deal
-
- $11.49
- 1x sold
- + learn more
Insurance - Transfer of risk from one person or organization to an insurance company 
 
Indemnity - The principle to restore the insured to the pre-loss economic or financial condition. 
 
Law of Large numbers - Mathematical principle used by insurers to predict losses to charge the appropriate premiums 
 
Insurable Interest - Proof that someone stands to lose financially if a loss occurs; must exist at the time of the loss in property and casualty insurance 
 
Binder - Temporary insurance contr...
-
LML4805 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED MEMO- DISTINCTION GUARANTEED)
- Exam (elaborations) • 10 pages • 2023
-
- $17.43
- 4x sold
- + learn more
LML4805 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED MEMO- DISTINCTION GUARANTEED) 
 
Question 1 
 
(a) Distinguish between the essential features of an insurance contract and the general requirements of a valid contract; then address the consequences if any of these are absent. 
In your answer, also mention one example of an essential feature of an insurance contract and one example of a validity general requirement of a contract. (5) 
(b) Describe any two informal risk-sprea...
-
NC Life Insurance Practice Exam Questions With 100% Correct Answers 2024
- Exam (elaborations) • 48 pages • 2024
- Available in package deal
-
- $14.49
- 1x sold
- + learn more
NC Life Insurance Practice Exam Questions 
With 100% Correct Answers 2024 
All of the following are included within the Insurance Commissioner's duties EXCEPT 
a) Conducting investigation of all domestic insurers. 
b) Reviewing the insurers' annual reports. 
c) Writing North Carolina insurance laws. 
d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is 
not the Insurance Commissioner's responsibility, but enforcing the law is. answerc) Writing 
North...
-
Michigan Property & Casualty Exam 2023/2024 with Complete Solutions
- Exam (elaborations) • 23 pages • 2023
-
Available in package deal
-
- $12.99
- 2x sold
- + learn more
Indemnity - ANSWER-a payment for damages or loss 
 
Risk - ANSWER-Uncertainty or chance of loss occurring 
 
Pure Risk - ANSWER-Presents the chance of loss with no opportunity for gain 
 
Speculative Risk - ANSWER-Presents the chance of loss with an opportunity to gain (Like Gambling) 
 
Exposure - ANSWER-a unit of measurement used to determine rates charged for insurance coverages. 
 
Hazards - ANSWER-Conditions or situations that increase the probability of an insured loss occurring. 
 
Peril ...
-
NEW HAMPSHIRE ADJUSTER EXAM PREP: SERIES 12-75 QUESTIONS WITH CORRECT UPDATED ANSWERS GRADED A++
- Exam (elaborations) • 49 pages • 2024
-
Available in package deal
-
- $10.99
- 1x sold
- + learn more
NEW HAMPSHIRE ADJUSTER EXAM PREP: SERIES 12-75 QUESTIONS WITH CORRECT UPDATED ANSWERS GRADED A++ 
 
 
Which of the following best defines "insured"? 
 
A. Transfer of the risk of financial loss from one party to another 
B. A legally binding contract in which the insurance company agrees to pay for specified losses in exchange for premiums 
C. An individual or organization that pays premiums in exchange for financial protection 
D. A company, group, or government agency offering financial prot...
Fear of missing out? Then don’t!
-
Utah Life and Health Insurance Questions With All Correct Answers!!
- Exam (elaborations) • 7 pages • 2024
- Available in package deal
-
- $7.99
- 2x sold
- + learn more
Accident - Answer-A sudden event, unforeseen and unintended 
Claim - Answer-A demand for payment under the insurance policy 
Absolute assignment - Answer-A transfer by the policy holder of all control and rights to a third party 
Accident and Sickness - Answer-Insurance against bodily injury, disability or death by accident, or 
against disability or expense resulting from sickness, and the insurance relating thereto 
Accidental Means - Answer-The unexpected cause of an accidental bodily injury....
-
Adjuster Pro - Insurance Adjuster Test: insurance Adjuster Test Study Guide: Questions & Answers: Updated Solution
- Exam (elaborations) • 22 pages • 2023
- Available in package deal
-
- $7.99
- 1x sold
- + learn more
What is insurance? 
 (Ans- protection against financial loss 
 
what is a premium 
 (Ans- a scheduled amount to be paid for an insurance policy. 
 
What are premiums used for 
 (Ans- premiums are collected into a "pool" or "reserve to pay out claimants when needed. 
 
how can insurance companies afford to pay for an individuals catastrophic loss? 
(Ans- the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. 
 
what is Indemnity 
 (Ans- payment for...
-
NJ Title Insurance Exam with Correct and Verified Solution
- Exam (elaborations) • 17 pages • 2024
-
- $6.89
- 1x sold
- + learn more
A deed recorded in Maryland conveys Greenacre to Frank for life and at his death to 
Jane, her personal representative and assigns the interest vested in Frank and Jane by 
this deed are commonly referred to as 
A. Fee simple 
B. Life estate remainder 
C. Free hold and non-freehold 
D. Vested life estate and contingent remainder - CORRECT ANSWER-B. Life estate 
remainder 
What is MAHT? 
A. Maryland Administration Household Training 
B. Maryland Agricultural Homestead Trust 
C. Maryland Afford...
-
XCEL - NY - Exam Simulator 1 Insurance | 2023 | 160 Questions with 100% Correct Answers | Updated & Verified | 22 Pages
- Exam (elaborations) • 22 pages • 2023
- Available in package deal
-
- $16.49
- 1x sold
- + learn more
Jonas is a whole life insurance policyowner and would like to add coverage for his two children. 
Which of the following products would allow him to accomplish this? - Child Term Rider 
Lisa has recently bought a fixed annuity. Which of these is considered to be a disadvantage of 
owning this type of annuity? - During periods of inflation, annuitants will experience a 
decrease in purchasing power of their payments. 
In contrast to a guaranteed renewable policy, a noncancellable policy - may nev...
-
ACA Final Exam Questions and Answers 2023
- Exam (elaborations) • 11 pages • 2023
-
Available in package deal
-
- $19.49
- 2x sold
- + learn more
ACA Final Exam Questions and Answers 2023 
At the end of this course, you must do which of the following? 
 
Pass the final course exam with a scored of 70% or higher 
 
Print your certificate from this website 
 
Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at 
 
All of the above 
All of the above 
 
 
 
Which of the following is NOT one of the duties of the Department of Financial Services? 
 
License adjusters 
Set rates and write policies ...
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia