Nevada property casualty - Study guides, Class notes & Summaries

A claimant occupying only a portion of land may gain title to the whole tract by adverse possession if there is a reasonable proportion between the portion occupied and the whole tract and the claimant has __________ the whole tract. Color of title to If a landowner comes under a disability to sue after an occupier enters into adverse possession, the statute of limitations: continues to run Someone who does not __________ may still acquire the property by adverse possession if he has p...

Property and Casualty Insurance Nevada State Law Supplement Questions and Answers 100% Correct A certificate of authority gives a(n) - Answer- Company authority to transact insurance in Nevada A characteristic unique to surplus lines insurance is that it - Answer- May be written with unauthorized insurers provided there are no authorized insurers selling that type of policy in Nevada The commissioner must examine authorized insurers at least one every - Answer- 5 years Which of these i...

Every owner of a motor vehicle registered in NV must continuously provide proof of financial responsibility, which may be provided in any of the following forms: correct answers *liability insurance *certificate of financial responsibility *certificate of self-insurance As defined by the Nevada Insurance Code, casualty insurance includes, but isn't limited to the following types of coverages: correct answers *vehicle insurance *liability insurance *workers compensations and employer's ...

Nevada Property and Casualty Final Exam/LATEST UPDATE 2025 with Actual Questions & 100% Verified Correct Answers | 100% Guaranteed pass (GRADED A+)

Gramm-Leach-Bliley Act - Passed to protect private customer information that is filed with a financial institution. Customers must be given two disclosure notices (one at the onset of business and one before information is disclosed), as well as a yearly updated disclosure notice Fair Credit Reporting Act - To protect customers against the circulation of innacurate or obsolete information and to ensure that consumer reporting agencies are fair and equitable in their treatment of consumers; ...

Nevada Property & Casualty Exam Questions and Answers 100% Pass Agreed value - Answer- Property policy with a provision agreed upon by the insurer and insured as to the amount of insurance that represents a fair valuation for the property at the time the insurance is written. At the time of a loss, the policy pays the agreed value as specific on the policy schedule, regardless of the insured property's appreciation or depreciaion. Absolute liability - Answer- Any conduct that is inherent...

What insurance provides coverage that indemnifies the insured against loss arising from the lack of integrity or fidelity of persons holding positions of trust, from the insolvency of debtors, or from breaches of contract? A Property insurance B Liability insurance C There is not insurance for this kind of coverage D Surety insurance correct answers D Surety insurance Surety insurance is coverage that indemnifies the insured against loss arising from the lack of integrity or fidelit...

Agreed value - Property policy with a provision agreed upon by the insurer and insured as to the amount of insurance that represents a fair valuation for the property at the time the insurance is written. At the time of a loss, the policy pays the agreed value as specific on the policy schedule, regardless of the insured property's appreciation or depreciaion. Absolute liability - Any conduct that is inherently dangerous (swimming pools, explosives, wild animals) imposes absolute liability...

*Insurance* policies that have been in effect for *at least 70 days* or *that have been renewed* "cannot" becancelled by the insurer - correct answers before the expiration of the agreed term or *1 year from the effective date* of the policy or renewal A "commercial or business policy" issued for a term *longer than 1 year* may be *cancelled* by the insurer by giving notice of cancellation - correct answers *60 days before anniversary* date of the policy. All other policies issued for ...