Property loss exposure Study guides, Class notes & Summaries
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OREGON STATE PROPERTY AND CASUALTY EXAM PREP QUESTIONS AND ANSWERS 2024
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The Occurrence form 
it doesn't matter when the loss is reported, but the date the loss occurred must be during the policy period. 
 
 
 
The Supplemental Extended Reporting Period 
The cost of the endorsement may be up to 200% of the CGL's annual premium. This is a one-time charge and is fully earned at issuance. 
 
 
 
Product liability would cover 
Product liability applies to bodily injury the product causes away from the insured's premises. A customer contracting food poisoning is a perf...
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RSK2601 MCQ EXAM PACK 2024
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TEST BANK 
Enterprise Risk Management 
S - The Marketplace to Buy and Sell your Study Material 
1 
RSK2601 TEST BANK 
Question 1 
Which one of the following is a benefit of effective risk and opportunity management? 
1) Improved profit certainty 
2) Increased shareholder value 
3) Increased stakeholder confidence Correct option 3 
4) Lower economic returns 
Explanation 
Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and 
higher economic returns...
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California property and casualty exam, Pool Questions & Answers. Verified. Rated A
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California property and casualty exam, Pool Questions & Answers. Verified. Rated A 
 
 
 
The process where by a mutul insurer becomes a stock company is called - Demutalization 
 
The process whereby a stock company a mutal insurer is called - Mutalization 
 
The provision in a property policy which states that the insured has been paid up to their insurable interest is - Valuation clause 
 
The part of the policy that states the amout of coverage the insured property policy period is - Declara...
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ains 103ains 103 questions answers graded A+
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Loss exposure - ANS-Any condition or situation that presents a possibility of loss, whether or not an 
actual loss occurs. 
Property loss exposure - ANS-A condition that presents the possibility that a person or an organization 
will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in 
which that person or organization has a financial interest. 
Real property (realty) - ANS-Tangible property consisting of land, all structures permanently attache...
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Adjuster Pro - Insurance adjuster test latest 2023 already passed
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Adjuster Pro - Insurance adjuster test latest 2023 already passed What is insurance? protection against financial loss 
what is a premium a scheduled amount to be paid for an insurance policy. 
What are premiums used for 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? the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. 
what is Ind...
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CPCU 500 Exam Questions and Answers 2023
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Risk - Answer- the uncertainty about outcomes, with the possibility that some of the outcomes can be negative. Quantified by knowing the probability of the possible outcomes 
 
Probability - Answer- the likelihood that an outcome or event will occur. Probabilities are stated as a decimal figure, a percentage, or a fraction. 
 
What are the 2 elements associated with risk? - Answer- uncertainty of outcome + possibility of negative outcome 
 
Pure Risk - Answer- a chance of loss or no loss, but no...
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CPCU 553 Personal Insurance questions answered 100% correct
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Loss exposure 
Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. 
 
 
 
Cause of loss (peril) 
The actual means by which property is damaged or destroyed. 
 
 
 
Property loss exposure 
A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taken, or loss of use) to property in which that person or organization has a financial interest. 
 
 
 
Real property (r...
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BEFO Final Exam June 2024 with 100% Correct Answers
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BEFO Final Exam June 2024 with 100% 
Correct Answers 
Which of the following contributes to the type of respiratory diseases for which firfighters are at 
risk? 
A. Heat Stress 
B. Psychological Stress 
C. Exposure to smoke and chemicals 
D. Exposure to long, irregular work hours -Answer-C. Exposure to smoke and chemicals 
The concept of risk management is based on an assessment of benefits gained compared to the 
___: 
A. Risk involved 
B. Safety-first mindset 
C. Loss of life expected 
D. Risk...
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2022-2023 Texas Adjuster Study Guide 367 QUESTIONS AND ANSWERS
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2022/2023 
Texas Adjuster Study Guide 367 QUESTIONS AND ANSWERS 
 
 
 
1.	PERILS: A CAUSE OF PROPERTY LOSSES UNDER AN INSURANCE CON- TRACT EX: WINDSTORM, HURRICANE, EXPLOSION, COLLAPSE OF BUILD- ING, VANDALISM, ACCIDENTAL DISCHARGE, AND THEFT 
2.	LAW OF LARGE NUMBERS: A FUNDAMENTAL CONCEPT IN STATISTICS 
AND PROBABILITY THAT DESCRIBES HOW THE AVERAGE OF A RANDOM- 
LY SELECTED LARGE SAMPLE FROM A POPULATION. IT BASICALLY RE- LIES ON THE PRINCIPLE THAT THE LARGER THE POOL, THE MORE PRE- DICTAB...
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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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