An insured works outside - Study guides, Class notes & Summaries

Exam FX Insurance Practice Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS The causes of loss insured against in an insurance policy are known as - Answer -Perils Before an insurer will pay any loss under a policy, what is usually required from the insured? - Answer -Proof of loss An insured works outside the home. The insured's sister lives with him and cares for his four children. When the insured's home is severely damaged by fire, the family moves i...

AINS 101 Exam Question with 100 % correct answers 2024 Which of the following is an example of a legal requirement for individuals that could be met through insurance? a. contributing to the growth of the organization b. paying for losses c. obtaining personal auto insurance d. providing a source of investment funds - answerc. obtaining personal auto insurance A fire destroys the kitchen in Rob and Laurie's home. Which insurance policy would provide coverage for the damage? a. Homeown...

The causes of loss insured against in an insurance policy are known as - Perils Before an insurer will pay any loss under a policy, what is usually required from the insured? - Proof of loss An insured works outside the home. The insured's sister lives with him and cares for his four children. When the insured's home is severely damaged by fire, the family moves into an apartment while repairs are being made. The largest apartment available in the area has two bedrooms, so the insured's ...

2 types of Off Shore Reinsurers - ️️-domiciled outside the US and not governed by US regulations Bermuda Market - estimated 30% of reinsurance markets (3rd largest market in the world). -Benefits: 1. No income tax 2. Fewer restricitions on how Bermuda companies can invest their assets and deploy capital 3. Close proximity to the US London Market: famous for assuming many unusual and complex risks (lloyds) What are the Major Functions of Reinsurance? - ️️1. Increase Capacity 2. St...

Fire and Smoke Restoration Exam Questions and Answers Latest 2024/2025 Graded A+. Technicians should not decide they will be able to restore a damaged item until they have __________ the item and communicated with the customer (Ans- pretest The restoration company works for the property owner, who is the primary customer. A secondary customer is the __________ __________ when the property owner is an __________ (Ans- insurance carrier, insured Smoke and soot particles are visual by-produ...

AIC 30 Exam Questions And Answers (Verified And Updated) First Party Focus - answerCoverage and Amount of damage Second Party - answerInsurance Company First Party - answerInsured Third Party - answerClaimant Third Party Focus - answerLiability, Coverage, and Amount of damage Third Party Administrator (TPA) - answeran organization that provides admin services associated with risk financing and insurance. They handle claims and risk management for self- insured organizations Independent...

AINS 101 Exam Question with 100 % correct answers 2024 Which of the following is an example of a legal requirement for individuals that could be met through insurance? a. contributing to the growth of the organization b. paying for losses c. obtaining personal auto insurance d. providing a source of investment funds - answerc. obtaining personal auto insurance A fire destroys the kitchen in Rob and Laurie's home. Which insurance policy would provide coverage for the damage? a. Homeown...

AIC 30 All Answers Correct First Party Focus Coverage and Amount of damage Second Party Insurance Company First Party Insured Third Party Claimant Third Party Focus Liability, Coverage, and Amount of damage Third Party Administrator (TPA) an organization that provides admin services associated with risk financing and insurance. They handle claims and risk management for self-insured organizations Independent Adjuster handles claims for the insurer for a fee. Works for the insurer...

AIC 30 Exam Questions And Answers (Verified And Updated) First Party Focus - answerCoverage and Amount of damage Second Party - answerInsurance Company First Party - answerInsured Third Party - answerClaimant Third Party Focus - answerLiability, Coverage, and Amount of damage Third Party Administrator (TPA) - answeran organization that provides admin services associated with risk financing and insurance. They handle claims and risk management for self- insured organizations Independent...

Exam FX Property and Casualty Insurance Practice Exam | 100% Correct Answers | Verified | Latest 2024 Version The causes of loss insured against in an insurance policy are known as - Perils Before an insurer will pay any loss under a policy, what is usually required from the insured? - Proof of loss An insured works outside the home. The insured's sister lives with him and cares for his four children. When the insured's home is severely damaged by fire, the family moves into an ap...