Eliminating property - Study guides, Class notes & Summaries

Michigan Life and Health Examination (2024/2025) (Certified Solutions) Risk The uncertainty or chance of a loss occurring. The two types are pure and speculative. Pure Risk Refers to a situation that can only result in a loss or no change. There is no opportunity for financial gain. Speculative Risk Involves the opportunity for either loss or gain. Hazards Conditions or situations that increase the probability of an insured loss occurring. Hazards and classified as physical hazard...

EM1 Exam Questions and Answers 100% Pass Which agency became the "face of emergency management" in the 1950's? United States Civil Defense The National Flood Insurance Act of 1968 lead to the creation of what program? National Flood Insurance Program Under the Disaster Relief Act of 1974, which Federal agency had the greatest authority? Department of Housing Which act created the United States Department of Homeland Security and is still described as the greatest federal re...

agent legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer insured the person covered by the insurance policy; this person may or may not be the policyowner broker an insurance agent not appointed by an insurer and is deemed to represent the client insurance policy a contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured or t...

1978 - Answer- When did they reduce to Lead Levels in consumer products The underside of a horizontal surface which projects beyond a wall line, such as an overhanging roof. - Answer- What is a soffit? False - Answer- T/F: The risk assessor should be involved in the process of selecting a contractor. 1. There are big cracks in the walls. 2. Ceiling is leaking in the bathroom and the kitchen. 3. The window wells are in disrepair- and contain paint chips. 4. Right across the street the...

COSC 1307 Chapter 2 Test with All Correct Answers What is a mathematical property of an algorithm? - Answer-Variance bias What is a category of AI that attempts to emulate the way the human brain works? - Answer-Neural network What is a result of training data that is influenced by cultural or other stereotypes? - Answer-Prejudice bias What results in a product or service received by an organization's external customer? - Answer-Customer-facing processes ______ process modeling i...

MNO2603 Assignment 3 - DUE 17 April 2024 ;100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... Question 1 Correct Mark 1.00 out of 1.00 Flag question Question text ____________ interlocks are designed to prevent catastrophes that could result in injury, loss of life and property damage. a. Process b. Safety c. Intrinsic d. Closed loop Feedback The correct answer is: Safety Que...

agent - legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer insured - the person covered by the insurance policy; this person may or may not be the policyowner broker - an insurance agent not appointed by an insurer and is deemed to represent the client insurance policy - a contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured or the benef...

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 ...

Daiki, a new producer, wants to establish a reputation with both clients and carriers as an effective negotiator. To be an effective negotiator, Daiki should focus on which one of the following? A. Creating a "single-issue" situation B. Creating an outcome that benefits both parties C. Obtaining the best possible outcome D. Obtaining the most concessions - Ans: Creating an outcome that benefits both parties Mehmet met with insurance agent Leila to obtain homeowners insurance. Leila ...

Nebraska Life and Health Insurance Exam Questions and Answers Already Passed What is Insurance? a contract in which 1 party (insurance company) agrees to indemnify (make whole) the insured party against loss, damage, or a liability arising from an unknown event. What is life insurance? a policy that protects survivors from losses suffered after an insured's death What does insurance do? transfers the risk of loss from an individual or business entity to an insurance company whi...