Commercial package policy Study guides, Class notes & Summaries
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GA Insurance Adjuster Course Exam Questions and Answers 100% Pass
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GA Insurance Adjuster Course Exam 
Questions and Answers 100% Pass 
Six Special Characteristic of Insurance Contracts - Correct Answer ️️ -Personal, 
Adhesion, Utmost Good Faith, Aleatory, Unilateral, Condition 
Coverage F - Correct Answer ️️ -Medical Payments 
Umbrella - Correct Answer ️️ -An umbrella policy provided liability coverage over and 
above the normal or base limits of liability in a policy. An umbrella policy is a type of 
excess policy 
Risk Transference - Correct Answe...
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pearson vue practice exam Questions and answers, 100% Accurate, graded A+
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pearson vue practice exam Questions 
and answers, 100% Accurate, graded A+ 
In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of 
agency to state ONLY those terms that are 
a. included in the listing agreement 
b. based on the brokers evaluation of prevailing prices and terms 
c. favorable for the seller, as determined by the broker 
d. attractive to buyers, as determined by the broker - -a. included in the listing agreement 
a lot measu...
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RSK4802 EXAM PACK 2023
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RSK 4802 EXAM PACK 2022 
JANUARY /FEBRUARY 2016 
QUESTION1.1 
ai) 
Risk management is an important process because it empowers a business with the 
necessary tools so that it can adequately identify and deal with potential risks. 
Once a risk has been identified, it is then easy to mitigate it. In addition, risk 
management provides a business with a basis upon which it can undertake sound 
decision-making. 
-For a business, assessment and management of risks is the best way to prepare for 
even...
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AINS 103 Exam Review Questions with Verified Solutions
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In property insurance, the term "property in transit" refers to which one of the following? C. 
Property while being transported by trucks, cars, buses, trains, airplanes, and ships 
Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to 
mitigate the effects of a business interruption. Which one of the following is an example of an 
extra expense? B. Cost to rent temporary office space 
Radley Contracting Company is installing new signage on the front of...
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California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024.
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California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024. 
What is a Modular Policy? - 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)? - 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? - ANSWER-A Declaration Page (stating premium 
cha...
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AINS 101 || All Questions Answered Correctly.
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Which one of the following statements is correct regarding the benefits provided by insurance? 
A. Insurance reduces the financial consequences of loss exposures but not the related uncertainty. 
B. The reduction in losses paid by insurers due to risk control measures benefits individual insureds but not society as a whole. 
C. Insurance helps reduce the financial burden to society by compensating accident victims. 
D. The primary role of insurance is to meet mandatory insurance requirements. co...
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Champions real estate finance Exam Questions with Verified Answers
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mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors 
 
Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing 
 
Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk 
 
Origination - Answer- The process of creating a new mortgage loan 
 
U...
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INSURANCE ADJUSTER TEST QUESTIONS || WITH 100% ERROR-FREE SOLUTIONS.
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Which type of coverage relates to damage to or destruction of detached structures in a typical homeowners policy? 
 
Coverage B 
 
Coverage A 
 
Coverage D 
 
Coverage C correct answers Cov B 
 
The unfair trade practice of offering inducements for the purchase of insurance is called? 
 
controlled business 
 
rebating 
 
misrepresentation 
 
false advertising correct answers rebating 
 
In which type of group life insurance policy may the holder allocate the net premiums to one or more of sever...
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FLORIDA CIR PRACTICE EXAM QUESTIONS & ANSWERS 2024
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FLORIDA CIR PRACTICE EXAM QUESTIONS & ANSWERS 2024 
 
 
Jared recently purchased a 25 foot watercraft with a 250 horsepower motor. While cruising on the lake, he accidentally runs into Gary's boat, causing $2,500 in damage to Gary's hull. How will Jared's insurer respond when Gary files a claim against Jared's homeowners policy for the damage he caused? - ANSWER-The insurer will deny the claim because Jared's boat is excluded from his liability coverage 
 
The Write Your Own program allows ...
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AINS 24 | 351 Question with 100 % Verified Solutions | Verified& Updated 2024 | Already Passed
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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 transfer and costs of losses. 
Define Exposure Un...
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