Insuarance - Study guides, Class notes & Summaries

Which of the following are the authorities that an agent can hold? - ACCURATE ANSWERS Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? - ACCURATE ANSWERS Permanent partial disability Who is NOT considered an employee in an commercial general liability (CGL) policy? - ACCURATE ANSWERS Temporary worker The major portion of the premium of an equipment breakdown policy pays? - ACCURATE ANSWERS For inspections and examin...

the members of a limited liability company are insureds under a businessowners policy (BOP) if The limited liability company is designated as the named insured. An endorsement added to a businessowners policy that provides coverage for direct damage caused by utility service disruption stemming from a covered peril is called Utility Services - Direct Damage. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:02 / 0:15 Full screen Which of t...

Binder - Temporary insurance Usually given by the agent—verbal or in writing Can be canceled by the company Does not guarantee a policy will be issued Automatically ends if a policy is issued by the underwriter Assigned risk plans - A plan through which people can buy insurance if they are unable to purchase insurance in the regular or voluntary market, because of their high risk or other factors. An insurer who terminates an appointment, employment, or other relationship of an agent mu...

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Alaska Property & Casualty Insurance Practice Exam Questions and Verified Answers (2024 / 2025) 100% Guarantee Pass The Insurance Director is Answer Appointed by the commissioner of commerce andeconomic development 2. The Insurance Director may do all of the following EXCEPT Answer Rewrite insur-ance laws at any time 3. What is the maximum civil penalty that may be assessed for a willfulviolation of the Insurance Code? Answer $25,000 4. An insurer formed under the laws of Alaska is known ...

2024 FLORIDA PROPERTY & CASUALTY INSURANCE, FLORIDA 2- 20 AGENTS LICENSE 500+EXAM QUESTIONS TEST BANK TESTED AND VERIFIED| ACCURATE FOR GUARANTEED PASS| GRADED A+

FLORIDA PROPERTY & CASUALTY INSURANCE, FLORIDA 2-20 AGENTS LICENSE 500+EXAM QUESTIONS TEST BANK TESTED AND VERIFIED| ACCURATE FOR GUARANTEED PASS| GRADED A+

Depreciation correct answers reduction in value, particularly due to wear and tear Earned premium correct answers the portion of premium paid in advance that now belongs to the insurer because it applies to the elapsed part of the policy Exposure units correct answers used as a measure of the rating units or the premium base of a risk (exposure units multiplied by the rate results in the premium) Homogeneity correct answers the degree to which items are similar Implied warranty corre...

GEORGIA PROPERTY/ CASUALTY INSURANCE EXAM 2024/ACTUAL 100+ QUESTIONS AND VERIFIED ANSWERS GUARANTEED A+ /LATEST UPDATE

GEORGIA PROPERTY/ CASUALTY INSURANCE EXAM 2024/ACTUAL 100+ QUESTIONS AND VERIFIED ANSWERS GUARANTEED A+ /LATEST UPDATE