Louisiana property and c - Study guides, Class notes & Summaries

Louisiana Property and Casualty Insurance Exam Questions and Answers 100% Verified Louisiana Property and Casualty Insurance Exam Questions and Answers 100% Verified Louisiana Property and Casualty Insurance Exam Questions and Answers 100% Verified Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,...

Louisiana Property and Casualty Exam- Updated Questions and Answers Should 2 or more insurers issue a combined Standard Fire Policy insuring a single risk, in the event of a loss, the insured must notify Correct Answer Any of the insurers providing coverage. The policy conditions define Correct Answer How parties to the contract must act following a loss. Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the follo...

Louisiana Property and Casualty Exam With Verified Answers 2024:2025 In which type of commercial crime policy coverage is triggered by a loss that happens during the policy period but is not necessarily discovered during the policy peri Correct Answer Robbery is: Correct Answer Taking of property by use of force, violence, or fear The crime of forced entry into the premises of another by a persons with felonious intent is defined as: Correct Answer Burglary Erroneous Publishing copi...

Depreciation reduction in value, particularly due to wear and tear Earned premium the portion of premium paid in advance that now belongs to the insurer because it applies to the elapsed part of the policy Exposure units used as a measure of the rating units or the premium base of a risk (exposure units multiplied by the rate results in the premium) Homogeneity the degree to which items are similar Implied warranty a legal term meaning that a product is suitable for its intended purpose and ...

LOUISIANA PROPERTY AND CASUALTY INSURANCE TEST | Questions and Correct Answers | Latest Update 2024/2025 | Graded A+ Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM coverage pay? a) $125,000 b) $75,000 c) $50,000 d) $25,000 - Answer -c) $5...

In which type of commercial crime policy coverage is triggered by a loss that happens during the policy period but is not necessarily discovered during the policy peri correct answers Robbery is: correct answers Taking of property by use of force, violence, or fear The crime of forced entry into the premises of another by a persons with felonious intent is defined as: correct answers Burglary Erroneous Publishing copied all the material from Angel's Inc book. The only changes made by ...

Depreciation correct answers reduction in value, particularly due to wear and tear Earned premium correct answers the portion of premium paid in advance that now belongs to the insurer because it applies to the elapsed part of the policy Exposure units correct answers used as a measure of the rating units or the premium base of a risk (exposure units multiplied by the rate results in the premium) Homogeneity correct answers the degree to which items are similar Implied warranty corre...

Which One Of The Following Is NOT A Possible Defense Against Negligence? A. Statue Of Limitations B. Doctrine Of Reasonable Expectation C. Intervening Cause D. Comparative Negligence - ANSWERSDoctrine Of Reasonable Expectation What Is A Hazard? - ANSWERSAn Increase In The Possibility That A Loss Might Occur. The Purpose Of Insurance Is To____________ - ANSWERSTransfer Risk From A Person, Business Or Organization To An Insurance Company. The Type Of Insurance Company In Which The...

Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM coverage pay? a) $125,000 b) $75,000 c) $50,000 d) $25,000 CORRECT ANSWER c) $50,000 Underinsured motorist coverage acts as excess over the at-fault motorist's coverage. It will pay the d...

LOUISIANA PROPERTY AND CASUALTY INSURANCE EXAM QUESTIONS WITH CORRECT ANSWERS 2024/2025 Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM coverage pay? a) $125,000 b) $75,000 c) $50,000 d) $25,000 - -c) $50,000 Underinsured motorist coverage a...