What is a modular policy - Study guides, Class notes & Summaries

What is a Modular Policy? - ️️A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)? - ️️A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. What must a CPP policy consist of? - ️️A Declaration Page (stating premium charges and coverage limits) A Policy Conditions (six conditions that apply to the entire co...

What type of insurance policy must always be purchased separately and not as part of a homeowners' policy? A)Flood B)Liability C)Earthquake D)Falling objects - A) The answer is FLOOD. Flood insurance is always a separate policy and only covers damage due to flooding. The Federal Emergency Management Agency (FEMA) administers the National Flood Insurance Program (NFIP). A building that is remodeled into residential units and no longer used for the purpose for which it was originally bui...

AINS 101 EXAM QUESTIONS WITH ALL CORRECT ANSWERS Sports, Inc. is looking to obtain a commercial property policy on its building for $400,000. If their insurer decides to charge them a rate of $0.50 per $100 of building insurance, what premium must Sports, Inc. pay? Select one: A. $1,000 B. $2,000 C. $4,000 D. $8,000 - Answer B. $2,000 Erin has recently graduated from college and relocated to Chicago. She has purchased a car and rented an apartment and now needs to purchase insurance...

Actual Exam For California Commercial Insurance Question & Correct Answer What is a Modular Policy? - CORRECT ANSWER-A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)? - CORRECT ANSWER-A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. What must a CPP policy consist of? - CORRECT ANSWER-A Declaration Page (statin...

FEMA IS-363: Introduction to Emergency Management for Higher Education Exam Questions and Answers 2024/2025 with complete solutions FEMA IS-363: Introduction to Emergency Management for Higher Education Exam Questions and Answers 2024/2025 with complete solutions 1. Which type of exercise is most appropriate for an annual event to practice a coordinated response among all affected agencies and organizations? A. workshop B. full-scale exercise C. drill D. seminar 2. Which t...

CRA Exam Prep Spring, Questions and answers, VERIFIED/ Modular budget (NIH) - -budget with direct costs requested in $25,000 modules, up to $250,000 per year. Typical modular budgets request the same number of modules per year. Used for R01, R03, R15, R25 funding mechanisms. Modular budget justification(s) - -1. Personnel justification (name, role, # of person months) 2. Consortium justification - include total costs (direct+indirect) rounded to nearest $1k for each subaward - includi...

AINS 24 Chapter 1 Questions and Answers Rated A+ Major roles of insurance Risk management to deal with loss exposures; transfer system of financial loss from insured to insurer; business sufficient to pay claims and provide profit; contract between insured and insurer What are risk management techniques? Loss prevention; loss reduction; risk transfer; loss avoidance Define Insurance Policy A contract that states the rights and duties of both the insured and the insurer regarding ...

The removal coverage that is included in the broad form dwelling policy will cover property temporarily removed from the premises to protect it from damage for how long? a) 5 days b) 15 days c) 30 days d) 60 days correct answers c) 30 days The commercial property declarations page contains which of the following information? a) Interline endorsements b) Cause of loss forms c) Description of the property insured d) Common policy conditions correct answers c) Description of the proper...

____ accelerates time to market by putting code through several steps including functional testing and stage and production deployments A) Continuous integration end delivery (CI/CD) B) security C) telemetry D) hardware scalability - A Which is NOT a dedicated service in AEM as a Cloud Service? A) CI/CD service B) Analytics service C) Assets compute service D) Replication service - B ____ code and content are baked into the baseline image and ensures that each node is identical. A) ...

CPCU 500 Exam Questions With 100% Correct Answers Key questions in determining insurable interest - answer1. What is insurable interest 2. When must insurable interest exist 3. Why require insurable interest 4. What is the legal basis of insurable interest 5. What happens when insurable interest overlap Problems associated with maintain insurance to value - answer1. The amount of insurance required to maintain insurance to value is based on the property's value at the time of loss, but ...