Extortion commercial Study guides, Class notes & Summaries

What is hazard? - An increase in the possibility that a loss might occur What rating method involves modifying the premium based on the insureds loss experience over a specified period of time? - Experience Rating In a particular state, an insurance company must file policy forms and rates with the state the insurance department and wait for official approval before using the new forms and rates. This is an example of a/an - prior approval state Which Surety bond guarantees that bills f...

In which type of commercial crime policy coverage is triggered by a loss that happens during the policy period but is not necessarily discovered during the policy peri correct answers Robbery is: correct answers Taking of property by use of force, violence, or fear The crime of forced entry into the premises of another by a persons with felonious intent is defined as: correct answers Burglary Erroneous Publishing copied all the material from Angel's Inc book. The only changes made by ...

FLORIDA CLAIMS ADJUSTER LATEST EXAM /CLAIMS ADJUSTER (FLORIDA) 270+ REAL EXAM QUESTIONS AND CORRECT ANSWERS|GRADED A The following are basic characteristics of a property or liability insurance contract, except: A. Personal Contract B. Conditional Contract C. Loss of Settlement Contract D. Contract of Adhesion - ANSWER- Loss of Settlement Contract The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss...

Louisiana Property and Casualty Exam 100In which type of commercial crime policy coverage is triggered by a loss that happens during the policy period but is not necessarily discovered during the policy peri - ANSWER Robbery is: - ANSWER Taking of property by use of force, violence, or fear The crime of forced entry into the premises of another by a persons with felonious intent is defined as: - ANSWER Burglary Erroneous Publishing copied all the material from Angel's Inc book. The o...

BLAW212 Study Test Questions with Correct Answers Doctrine of Part Performance Test - Answer-1. is there an enforceable agreement but for section 24 of the Property Law Act 2007 2. has there been part performances of the oral agreement to do something which is: A. clearly a step in the performance of a contractural obligation or right under that agreement; and B. Was on the balance of possibilities done on the basis that a contract for the sale of land as alleged was in existence? 3. ...

Financial Institution Bond A policy that covers the crime loss exposures of financial institutions such as banks, savings and loan institutions, and insurance companies. Most used financial institution bond Standard from No. 24 Why are Financial institution bonds called "bonds" Employee dishonesty, a key coverage, was tradtionally called a "fidelity bond" Enitities eligible for financial institution bonds are not eligible for the ISO Crime Forms Computer and funds tra...

1 / 34 FLORIDA CLAIMS ADJUSTER EXAM QUESTIONS AND ANSWERS 2023 EXAM GRADED A (Over 200 questions and answers 100% verified) 1. Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy.The insurance company will make a payment to: A. The first mortgagee, ABC B.The Insured C. Jointly to ABC and XYZ D. All listed interests: Ans- D. All listed interests Remember that the insurer is not responsible to know...

Under a Businessowners Policy, the policy's terms can be amended or waived only by endorsement issued by - Answer the insurer and made a part of the policy. All of the following are Valuable Papers and Records EXCEPT A. manuscripts, records, or abstracts. B. inscribed, printed, or written documents. C. books, deeds, drawings, films, maps, or mortgages. D. money or securities. - Answer money or securities. Paula and Peter Jones are both insureds on their Homeowners insurance policy w...

that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adjuster must not: A. Promptly investigate the claim. B. Follow the laws regarding the number of days in which to commence an investigation. C. Deny the claim until a fair and prompt investigation has commenced. D. Pay the claim within a reasonable num...

Liberalization states, "The insured gets the benefit of any broadened coverage if the company, within __________ days of inception, adopts a form revision that is broader and without increase in premium." A. 10 days B. 55 days C. 65 days D. 45 days - D. 45 days Protects against loss of business income that results from damage to covered property from a covered cause of loss. A. Business Income Insurance Coverage B. Business Income Replacement Coverage C. Business Income Actual Val...