Short rate cancellation - Study guides, Class notes & Summaries
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Alabama Property And Casualty Final Exam With All Correct Answers 2024.
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If a company cancels an auto policy mid term, the refund will be made on 
 
a. pro rata basis 
b. short rate basis 
c. retroactive basis 
d. coinsurance basis - Answer Pro Rata Basis 
 
What is the term used to describe terminating the insurance relationship at the end of the policy period ? 
a. cancellation 
b. nonrenewal 
c. separation 
d. exclusion - Answer Nonrenewal 
 
Which is the best example of an indirect loss ? 
 
a. sequential loss 
b. liability loss 
c. employee theft 
d. lo...
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AL P&C Test (Already Passed!)
- Exam (elaborations) • 28 pages • 2023
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If a company cancels an auto policy mid-term, the refund will be made on a 
 
A. pro rata basis 
B. short rate basis 
C. retroactive basis 
D. coinsurance basis correct answers A. pro rata basis 
 
What is the term used to describe terminating the insurance relationship at the end of the policy period? 
 
A. Cancellation 
B. Nonrenewal 
C. Seperation 
D. Exclusion correct answers B. Nonrenewal 
 
Which is the best example of an indirect loss? 
 
A. Sequential loss 
B. Liability loss 
C. Employe...
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AL P&C University of Alabama Study Guide (A+ GUARANTEED)
- Exam (elaborations) • 37 pages • 2023
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If a company cancels an auto policy mid-term, the refund will be made on a : 
 
A. pro rata basis 
B. short rate basis 
C. retroactive basis 
D. coinsurance basis correct answers A. Pro Rata Basis 
 
What is the term used to describe terminating the insurance relationship at the end of the policy period? 
 
A. Cancellation 
B. Nonrenewal 
C. Separation 
D. Exclusion correct answers B. Nonrenewal 
 
Which is the best example of an indirect loss? 
 
A. Sequential loss 
B. Liability loss 
C. Employ...
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Alabama State Licensing Exam Property and Casualty questions with correct answers
- Exam (elaborations) • 14 pages • 2023
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a company in chartered in Guam or Puerto Rico doing regular business in new York would be considered by new yorkers to be a 
 
1. domestic company 
2. foreign company 
3. alien company 
4. international company CORRECT ANSWER 2. foreign company 
 
If a company cancels an auto policy mid-term, the refund will be made on a 
 
1. Pro rata basis 
2. short rate basis 
3. retroactive basis 
4. coinsurance basis CORRECT ANSWER 1. pro rata basis 
 
What is the term used to describe terminating the i...
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personal lines insurance 2024 Latest Update Accurate 100%
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Risk _________ is when one takes action to prevent or reduce potential loss. - ANSWER Reduction 
 
When the number of similar units increases, the predictability of the loss improves according to the rule of _____ ________. - ANSWER Large Numbers 
 
The insuring of risks that are more prone to losses than average risks is known as? - ANSWER Adverse Selection 
 
A ___________ contract is an arrangement where one insurer transfers or shares risks with another insurer. - ANSWER Reinsurance 
 
_____...
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Alabama Property and Casualty Exam Questions and Answers Graded A+
- Exam (elaborations) • 29 pages • 2024
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Alabama Property and Casualty Exam 
Questions and Answers Graded A+ 
 
If a company cancels an auto policy mid term, the refund will be made on 
 
a. pro rata basis 
b. short rate basis 
c. retroactive basis 
 
d. coinsurance basis Pro Rata Basis 
 
What is the term used to describe terminating the insurance relationship at the end of the policy 
period ? 
a. cancellation 
b. nonrenewal 
c. separation 
d. exclusion Nonrenewal 
 
Which is the best example of an indirect loss ? 
 
a. sequential lo...
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AL P&C University of Alabama Study Guide| 223 Questions with 100% Correct Answers | Updated 2023 | Guaranteed A+
- Exam (elaborations) • 65 pages • 2023
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If a company cancels an auto policy mid-term, the refund will be made on a : 
 
A. pro rata basis 
B. short rate basis 
C. retroactive basis 
D. coinsurance basis - ️️A. Pro Rata Basis 
 
What is the term used to describe terminating the insurance relationship at the end of the policy period? 
 
A. Cancellation 
B. Nonrenewal 
C. Separation 
D. Exclusion - ️️B. Nonrenewal 
 
Which is the best example of an indirect loss? 
 
A. Sequential loss 
B. Liability loss 
C. Employee theft 
D. Los...
-
Alabama Property and Casualty Exam With Guaranteed Accurate Answers
- Exam (elaborations) • 18 pages • 2024
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If a company cancels an auto policy mid term, the refund will be made on 
 
a. pro rata basis 
b. short rate basis 
c. retroactive basis 
d. coinsurance basis - correct answer Pro Rata Basis 
 
What is the term used to describe terminating the insurance relationship at the end of the policy period ? 
a. cancellation 
b. nonrenewal 
c. separation 
d. exclusion - correct answer Nonrenewal 
 
Which is the best example of an indirect loss ? 
 
a. sequential loss 
b. liability loss 
c. employee th...
-
Alabama Property and Casualty 99 Exam Questions With Correct Answers
- Exam (elaborations) • 20 pages • 2023
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If a company cancels an auto policy mid term, the refund will be made on 
 
a. pro rata basis 
b. short rate basis 
c. retroactive basis 
d. coinsurance basis - ️️Pro Rata Basis 
 
What is the term used to describe terminating the insurance relationship at the end of the policy period ? 
a. cancellation 
b. nonrenewal 
c. separation 
d. exclusion - ️️Nonrenewal 
 
Which is the best example of an indirect loss ? 
 
a. sequential loss 
b. liability loss 
c. employee theft 
d. loss of us...
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California Real Estate Exam Prep Questions with correct answers
- Exam (elaborations) • 54 pages • 2024
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California Real Estate Exam Prep Questions with correct answers 
 
 
According to the Sherman Anti-Trust Act, if a real estate agency 
instructed all of the salespersons and associate brokers that they were to set their commissions at 3%, and they all agree to do so, this would be - answer-Not a violation of the Sherman Anti-Trust Act 
 
In order to have a valid agency relationship, the commission agreement must be - answer-In writing 
 
If you are referring to "the principle" in real estate,...
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