Cancellation - Study guides, Class notes & Summaries

Michigan P & C Insurance Exam Test Question and answers already passed 2023/2024 Termination of Insurance for auto and home must be sent to last know address no later than - correct answer 30 days before cancellation Termination of casualty insurance cannot take place until- from the mailing date - correct answer 10 days PIP in auto insurance covers individual care from a family member for - correct answer a limit of $20 a day for three years limited collision - correct answer shall pa...

You are the contracting officer for a firm-fixed price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? - ANSWER-The contract is considered closed once you receive evidence of receipt of property and final payment. Which of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - ANSWER-Purchases shall be made in the simplified manner that is most suitable to the circumstances...

NYC Home Improvement Exam Questions and Answers Latest (Graded 100%). DOB - ANSWER Department of Buildings DCA - ANSWER Department of Consumer Affairs DOT - ANSWER Department of Transportation What is home improvement? - ANSWER The construction,repair, replacement, remodleing, alteration, comversion, rehabilitation, renovation, modernization, improvement, or addition to any land or building or any part of the land or building used or designed to be used as a residence or dwelling place, i...

CON 2370 Simplified Acquisition Procedures Exam Questions And Answers You are the contracting officer for a firm-fixed price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? - ANS The contract is considered closed once you receive evidence of receipt of property and final payment. Which of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - ANS Purchases shall b...

DTS (Special Topic) Cancellation Procedures questions and correct answers

WYO Program - Answer "Write your own" insurers write the coverage on their own "paper" but the NFIP reinsures 100% of the coverage Wait period for policy to become effective - Answer 30 days, this is done to avoid panic buying before disasters strike Standard Flood Insurance Policy (SFIP) - Answer Defines coverage, limits , and exclusions for NFIP flood Insurance policies with terms and conditions unique to the NFIP - NFIP insurers can ONLY use the SFIP How to cancel a policy - Ans...

PHYS 1260 Exam 4 with correctly explained test. Superposition and Interference - correct answers.- same wave + same wave = reinforcement - two opposite waves = cancellation - two similar waves = partial cancellation - interference patterns of overlapping waves from 2 vibrating sources - interference pattern = caused by interference b/w a pair of waves - constructive interference produces bright region where waves reinforce each other (waves arriving in phase) - destructiv...

Which policy provision permits the policy owner to take a specified number of days to examine the contract, and allows for cancellation and a full refund if the policy owner rejects the terms or costs? - Free Look When will a policy pay on a UCR basis? - When particular benefits are not listed on a payment schedule Which type of rider reimburses health and social service expenses incurred in a convalescent or nursing home facility? - long term care rider Which of the following is exempt...

Abandonment - - Insurance company may choose to take damaged property and pay insured the value - Insured CANNOT surrender damaged property to insurance company Active Retention - Identify the loss/risk exposure and really consider the risk itself and all the measures around it. (ex. Should we transfer it, retain it etc.) Admitted (standard or retail) Insurance companies - Regulated by the state, They often must subscribe to rating and form regulations of that state. Agent or Broker - "I...

PSI - LIFE, ACCIDENT, AND HEALTH –FULL| Questions and Answers, 100% Verified| Latest 2023/2024 PSI - LIFE, ACCIDENT, AND HEALTH – FULL| Questions and Answers, 100% Verified| Latest 2023/2024 What happens under a misstatement of age clause on a disability policy? 1. The policy would be terminated and all premiums would be returned to the policy owner. 2. The policy would be terminated and all premiums would be retained by the insurance company. 3. All amounts payable under t...