Alabama propert - Study guides, Class notes & Summaries

Alabama Property and Casualty UPDATED Exam Questions and CORRECT Answers 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

Alabama Property and Casualty Insurance Exam Prep Study Guide.

What is a hazard? - answer-an increase in the possibility that a loss might occur transfer risk from a person or business to an insurance company that agrees to to pay for losses in exchange for a premium. - answer-insurance The type of insurance company in which the policyholder is considered an owner, with the right to vote and share in the profits is a - answer-mutual company Jewel Canford's home is insured by XYZ Insurance Company. Last year she made the final mortgage payment to F...

Alabama Property & Casualty Online Practice Exams questions and answers

Alabama Property and Casualty Exam Updated (2024 / 2025) Questions and Verified Answers, 100% Guarantee Pass

Alabama Property and Casualty Sample Quiz (100 Questions) With Complete Solutions Latest Update

Alabama Property & Casualty Online Practice Exams questions and answers

Alabama Property and Casualty Sample Quiz 1-100

Alabama Property & Casualty Online Practice Exams questions and answers

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...