Prope - Study guides, Class notes & Summaries

Ohio Property and Casualty Exam Questions & Answers 2023-24 What do individuals use to transfer their risk of loss to a larger group? - ANSWER-Insurance What are the four elements of an insurance contract? - ANSWER-Agreement (Offer and Acceptance), Consideration, Competent parties, and legal purpose. In the agent/insurer relationship, who is considered the principal? - ANSWER-Insurer Insurance contracts are aleatory in nature. What does that mean? - ANSWER-Unequal values are exchan...

DC Property Managers Study Guide (Complete) 2024 Questions & Answers Already Passed!!

What is the purpose of licensing? - correct answer Reinforces the purpose of insurance regulation - that the public is treated fairly and equitably by those who sell and distribute insurance. Licensing prerequisites - correct answer 24 credit hours of study in approved course (must have 3hrs ethics). Once your certificate is obtained you have 1yr to pass your exam followed by 1yr to have your license issued. *Passing does not guarantee you will get your license. What are the qualifications...

Texas Property & Casualty Insurance Exam Questions with Verified Solutions (420 Questions) 2024 Update

Idaho Property Insurance Exam Questions and Answers (2024 / 2025) Updated Latest (Verified Answers) Idaho Property and Casualty Personal Lines Insurance Exam Questions and Answers (2024 / 2025) Updated Latest (Verified Answers) Idaho Insurance Exam Answers Pdf Idaho Insurance Exam Answers 2024 Idaho Insurance Exam Answer Key Idaho Insurance Exam 2024 Pdf Idaho Insurance Exam Questions Stuvia 2024 Idaho Insurance Exam Pdf Idaho Insurance Exam Answer Key Idaho Insurance Exam Quizlet Idaho Insur...

Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - ANSWERSA valuation method used by insurers to reflect an item's current market value right before being damaged ...

California Property and Casualty Insurance Exam Questions and Answers 100% Pass What is the required rate discount under a Good Driver Discount policy? - Correct Answer ️️ -20% below the rate the insured would have been otherwise charged for the same coverage All the following are authorized activities for the Limited Automobile Insurance Agent EXCEPT if the agent - Correct Answer ️️ -Charges and collects a brokers fee for service What is the procedure for refusing uninsured moto...

Property and Casualty PA Quiz Questions Latest 2024 Rated A+ All of the following are requirements to be licensed in PA except: -Complete a four-week long pre-licensing course -Pass the appropriate exam -Apply for a license with the insurance department and pay the appropriate fee -Have your fingerprints taken and submitted Complete a four-week long pre-licensing course All of the following statements are correct except: -An applicant has up to one year to be licensed after successfu...

Property and Casualty Insurance Licensing Exam (100 Questions)

When is a new Property Manager required to complete their required CE hours by? - Answer-Oct 31st / 2nd renewal date When a property manager decides to not offer their services predominately in a Jewish area of town, this illegal practice is called ? - Answer-Redlining Management personnel who reside at the property are called ? - Answer-Site Managers When is the move-in condition report NOT required ? - Answer-When there is no security deposit collected law 70-25-206 How long after havi...