Flat cancellation - Study guides, Class notes & Summaries

Independent General Adjuster Exam 2023 (Questions and Answers) Graded A+. The Superintendent of Insurance may approve the employment, appointment or participation of any person whose license has been revoked. Karen Jones had her license revoked and filed an application for relicensing and has waited over 120 days without a response from the Insurance Department. What should or can she do? Assume the relicensing is approved. Mr. Vickers was in a hurry to catch a plane. He parks his car in th...

Dram Shop Liability refers to: - Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? - Neglect. To be eligible for the New York assigned risk auto plan a person must: - Hold a valid driver's license. Any insurance adjuster whose license has been revoked for cause will not be entitled ...

Claims Adjuster Chapter 2 AD Exam With 100% Correct And Verified Answers

IDAHO PROPERTY INSURANCE EXAM Q&A VERIFIED The term flood refers to all of the following EXCEPT A. an overflow of inland tidal waters B. collapse of land as a result of excessive erosion due to flood C. mudslides D. sewer backup - Sewer backup Insurers may be classified according to their financial strength. This includes all of the following factors EXCEPT... A. Number of clients B. Loss experience C. Investment performance D. Operating expenses - Number of clients An indi...

What country has the highest per capita medical expenditures of any country in the world? The United States -$10,527 health care costs per person in 2016 -this amount is twice as much spent on health care as the average for the 24 industrialized countries in Europe and North America How much is annual health care spending expected to grow by 2024? 20% of GDP Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:06 / 0:15 Full sc...

the characteristics of the fabric ramie - Answer Absorbency Luster Strength Up-to-date and adequate program planning in family and consumer sciences primarily requires - Answer continuous evaluation of program standards and objectives Which of the following is needed by the human body to remove excess glucose from the blood? - Answer Insulin hGH (human growth hormone) - Answer stimulates secretion of hormones that stimulate body growth and metabolism TSH (thyroid stimulating hormon...

NY Independent General Adjuster Exam - Series 17-70 Questions and Answers Graded A+. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? Neglect. To be eligible for the New York assigned risk auto plan a person must: Hold a valid driver's license. Any insurance adjuster whose license has been revoked for cause...

Short Rate Cancellation ( insured cancels the policy before its expiration date), a short-rate cancellation is issued. (can be charged a financial penalty) Flat Cancellation A cancellation of insurance that is retroactive to the effective date of the policy. (No coverage is provided insurer provides a refund.) 00:02 01:34 Non-renewal The termination of a policy at the expiration of its term. The policy does not renew and no coverage is provided after the expiration dat...

Wisconsin Property and Casualty Questions and Answers Rated A FAIR Fair Access to Insurance Requirements Elements of a Legal Contract. L. O. A. C. • Consideration • Legal Purpose • Offer • Acceptance • Competent Parties Consideration Money and statements made on application Legal Purpose Risk transfer doesn't violate the law Offer Insured submits application and first month premium to insurer Insurer accepts or insurer declines the risk Counteroffer Agrees to issue policy but wit...

Insurance - Answer Transfer of risk form a person or business to an insurer Loss - Answer uncertainty/possibility of a loss Speculative vs pure risk - Answer Speculative - chance of loss or gain Pure - only chance of loss Exposure - Answer risks for which the insurance company would be liable Peril - Answer cause of loss Direct vs Indirect loss - Answer Direct - physical loss Indirect - consequence of the direct loss (having to pay for a hotel if house burns down) Hazard (3 t...