Subrogation - Study guides, Class notes & Summaries
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GOLD COAST FINAL EXAM STUDY SET for 4/11 [100% Correct]
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GOLD COAST FINAL EXAM STUDY SET 
for 4/11 [100% Correct] 
1 acre is how many square feet? *Ans* 43,560 
A broker is entitled to compensation if they... *Ans* bring a buyer who brings an offer the 
seller was looking for 
A buyer drops off an escrow check on Monday. To avoid any trouble with FREC, the broker 
must deposit the check by close of business on which day? *Ans* Thursday 
A spouse who is left out of a will can claim? *Ans* Elective share 30% 
Abstract Continuation *Ans* history of ti...
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TExES Business and Finance (276) Prep Manual & Extras Latest 2023 Already Passed
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xES Business and Finance (276) Prep Manual & Extras Latest 2023 Already Passed Income Statement Produced once a month to ensure expense review and control 
Income Statement' Allows a company to determine how much money is coming in and how it's being spent 
Promissory Note Indicates a loan and debt financing to raise capital 
Convertible Securities Used to raise capital by way of equity financing 
Convertible Securities' Stock or bond, that can be converted to another type of security 
Conver...
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Insurance Adjuster Exam Questions and Answers Rated A+
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Insurance Adjuster Exam Questions and Answers Rated A+ Which kind of losses are covered under a standard fire policy? Direct 
All fires are not covered by the Standard Fire policies, only those that: are hostile and have a flame or glow 
At what time does a fire policy go into affect? 12:01am standard time at the location of the insured's property 
A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of damage. What is the maximum amount the insur...
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PRIMERICA LIFE INSURANCE EXAM WITH 100% CORRECT ANSWERS 2024/ 2025
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PRIMERICA LIFE INSURANCE EXAM 
WITH 100% CORRECT ANSWERS 2025 
An insured purchased an insurance policy 5 years ago. Last year, she received a 
dividend check from the insurance company that was not taxable. This year, she did not 
receive a check from the insurer. From what type of insurer did the insured purchase 
the policy? 
a. mutual 
b. reciprocal 
c. nonprofit service organization 
d. stock - Correct answer-A. mutual 
funds not paid out after paying claims and other operating costs are re...
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GEORGIA PROPERTY & CASUALTY INSURANCE EXAM Prep (Latest 2024/ 2025 UPDATE) QUESTIONS AND VERIFIED ANSWERS| 100% CORRECT| GRADE A
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GEORGIA PROPERTY & CASUALTY INSURANCE EXAM Prep (Latest 2024/ 2025 UPDATE) QUESTIONS AND VERIFIED ANSWERS| 100% CORRECT| GRADE A 
 
Q: Which insurance principle states that if a policy allows for greater compensation than the financial loss incurred, the insured may only receive benefits for the amount lost? 
 
 
Answer: 
Indemnity 
 
 
 
Q: legal process that gives the insurer, after payment of a loss, the right to seek recovery from a third party that was responsible for the loss 
 
 
Answer:...
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Iowa Crop Insurance Exam All Answers Correct
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Iowa Crop Insurance Exam All Answers Correct 
Insurable Interest 
Economic stake in which a loss would result in financial hardship 
Risk 
uncertainly or chance of loss 
Brainpower 
Read More 
Two types of risk 
Pure and Speculative 
Pure Risk 
involves only the possibility of loss or no loss 
Speculative Risk 
Chance of loss or gain 
What type if risk does insurance deal with? 
Pure Risk 
Hazard 
condition that creates or increases the probability of a loss 
Physical hazard exa...
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California property and casualty exam questions and answers graded A
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alifornia property and casualty exam questions and answers graded 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 Declaration 
Part of the policy that establ...
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State Farm Property exam | Questions and Answers Graded A+ Latest 2024/2025
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State Farm Property xam | Questions and 
Answers Graded A+ Latest 2024/2025 
control of property - CORRECT ANSWER protects against negligent acts of noninsureds 
other insurance - CORRECT ANSWER concerns property that is insured by more 
than one policy 
legal action against an insurer - CORRECT ANSWER says when an insured my 
sue the insurer 
subrogation - CORRECT ANSWER insurer can sue third parties for damages to 
the insured 
liberalization - CORRECT ANSWER when an insurer increases its...
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State Farm Property exam | Questions and Answers Graded A+ Latest 2024/2025
- Exam (elaborations) • 39 pages • 2024
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State Farm Property xam | Questions and 
Answers Graded A+ Latest 2024/2025 
control of property - CORRECT ANSWER protects against negligent acts of noninsureds 
other insurance - CORRECT ANSWER concerns property that is insured by more 
than one policy 
legal action against an insurer - CORRECT ANSWER says when an insured my 
sue the insurer 
subrogation - CORRECT ANSWER insurer can sue third parties for damages to 
the insured 
liberalization - CORRECT ANSWER when an insurer increases its...
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Insurance Level 1 Alberta Exam Questions And Corrected Answers <100% Pass!!>
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Insurance Level 1 Alberta Exam 
Questions And Corrected Answers 
<100% Pass!!> 
The philosophy behind insurance is to 
a) provide a vehicle through which wealthy individuals and 
corporations may protect their property against 
catastrophic loss 
b)allow insurers to grow larger and more stable, thus 
creating jobs and supporting the economy 
c) spread the losses of the few amongst the premiums of 
the many 
d) spread the losses of the many amongst the premiums 
of the few - ANSWER : ...
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