Insuring agreement states - Study guides, Class notes & Summaries
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PEARSON VUE PRACTICE EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADE A+
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Which of the following sections of an insurance policy would explain the term "auto" ? 
A.Declarations 
A. 
Declarations 
B.Definitions 
B. 
Definitions 
C.Insuring agreement 
C. 
Insuring agreement 
D.Obligations of the insurance company 
D. 
Obligations of the insurance company 
Correct Answer: B 
2 
In an application for marine insurance, a yacht owner states that the yacht will only be 
sailed on inland waters. If the insured subsequently sails the yacht on the seas, 
coverage may be den...
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pearson vue 49 practice Questions with 100% Correct Answers | Verified | Updated 2024|28 Pages
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Which of the following sections of an insurance policy would explain the term "auto" ? 
A.Declarations 
A. 
Declarations 
B.Definitions 
B. 
Definitions 
C.Insuring agreement 
C. 
Insuring agreement 
D.Obligations of the insurance company 
D. 
Obligations of the insurance company - ️️B 
 
In an application for marine insurance, a yacht owner states that the yacht will only be sailed on inland waters. If the insured subsequently sails the yacht on the seas, coverage may be denied because th...
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Property and Casualty Insurance Mastery Exam A Latest Update 100% Pass
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Property and Casualty Insurance 
Mastery Exam A Latest Update 100% 
 
Pass 
 
An insured rents a car while on vacation in Canada and causes an accident. Is there coverage 
under his personal auto policy? The loss is covered under an unendorsed personal auto 
policy. 
 
Under the workers' compensation laws, which of the following would NOT be covered? 
Heart-related illness resulting from hereditary causes 
 
An insurance policy covers fire, will not cover nuclear contamination, and loss must be...
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Wisconsin Property and Casualty Insurance Exam Final Questions and Correct Solutions
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Wisconsin Property and Casualty 
Insurance Exam Final Questions and 
Correct Solutions 
FAIR - CORRECT ANSWER-Fair Access to Insurance Requirements 
Elements of a Legal Contract. L. O. A. C. - CORRECT ANSWER-• Consideration 
• Legal Purpose 
• Offer 
• Acceptance 
• Competent Parties 
Consideration - CORRECT ANSWER-Money and statements made on application 
Legal Purpose - CORRECT ANSWER-Risk transfer doesn't violate the law 
Offer - CORRECT ANSWER-Insured submits application and fir...
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RMIN 4000 Edmunds Test 3 Questions and Answers 100% Verified!!
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Basic Parts of an Insurance Contract - ANSWER-1. Declarations 
2. Definitions 
3. Insuring agreement 
4. Exclusions 
5. Conditions 
6. Miscellaneous provisions 
 
Declarations - ANSWER-statements that provide information about the particular property or activity to be insured 
 
definitions - ANSWER-statements that provide information about the particular property or activity to be insured 
 
Insuring Agreement - ANSWER-Summary of the major promises of the insurer (what the policy covers) 
 
nam...
Too much month left at the end of the money?
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Colorado Life & Health Insurance Exam Study Guide| Complete with Verified Answers| 100% Correct (2023/2024 New Update)
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Colorado Life & Health Insurance Exam 
Study Guide| Complete with Verified 
Answers| 100% Correct (2023/2024 New 
Update) 
 
QUESTION 
Long-Term Care Rider 
 
 
Answer: 
-Type of Insurance Rider 
-Costs extra and may be added to a cash value policy 
-Allows policy owner to take money out of policy's cash value to pay for qualifying nursing 
home or home health care 
 
 
 
QUESTION 
Return of Premium Rider 
 
 
Answer: 
-Type of Insurance Rider 
-Same as term 
-Could be added to term depe...
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Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions
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Florida 6-20 All Lines Adjuster Test| 276 questions| 
50 Pages| With Complete Solutions 
Florida 6-20 All Lines Adjuster Test| 276 questions| 
50 Pages| With Complete Solutions 
A public adjuster represents the interest of: 
A. The insurer 
B. The Insured 
C. The employer 
D. The interest of the general public - Correct Answer -B. The insured 
Which of the following is the type of report that indicates the initial results of 
a claim investigation? 
A. Field Report 
B. Interim Report 
C. Full Re...
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A.D. Banker Life&Health Guarantee Exam
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B decides to buy a single premium immediate annuity, choosing the Life Only distribution option. How long will the insurer make payments to B? 
 
A 
For B's lifetime or until the principal and interest are exhausted, whichever is shorter 
B 
For the period of time it takes B to recover the initial premium or his lifetime, whichever is shorter 
C 
For a guaranteed period of time, whether or not B survives to the end of that period 
D 
Only for as long as B is alive - Answer- D 
Only for as long ...
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WV Licensing Test Study Questions
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1. Methods of risk management include: 
A. Transfer 
B. Sharing 
C. Avoidance 
D. All of the above. - Answer- D. All of the above. 
 
2. An insured has suffered a fire loss to his/her dwelling. This insured is which party to the claim? 
A. Third party 
B. First party 
C. Second party 
D. Loss payee - Answer- B. First party 
 
3. Mr. Jones, a pedestrian, was injured by Mr. Smith while driving his vehicle. Mr. Smith is insured by I Am Bogus Insurance Company. The insurance company would be which p...
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Florida 2-15 exam 2024 with complete solutions
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Insuring Clause (or Insuring Agreement) correct answersis the insurer's basic promise to pay specified benefits to a designated person in the event of a covered loss. States the scope and limits of coverage "We ensure to INSURE you for..." 
 
Consideration Clause correct answersstates a policyowner must pay a premium in exchange for the insurer's promise to pay benefits. A policyowner's consideration consists of completing the application and paying the initial premium. The amount and frequ...
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