Property and casualty pa - Study guides, Class notes & Summaries

Arkansas Property and Casualty Insurance ExamBefore workers comp laws, employers had 3 common law defenses to avoid paying claims- - correct answer Assumption of Risk - This defense placed all the risk on the employee as being responsible for knowing the work conditions prior to employment. Fellow Servant Rule - Removed the employer's negligence if a fellow employee contributed in any way to the loss. Contributory Negligence - Used to argue that the employee was partially at fault and the...

Coverage for water backup or sump pump overflow is excluded from the Dwelling Policy. However, with the purchase of the water backup and sump pump overflow endorsement, coverage for up to $5,000 in loss or damage can be provided for an additional premium. What is the deductible associated with this coverage? $250 Coverage for up to $5,000 in loss or damage, subject to a $250 deductible, can be provided for an additional premium with this endorsement. An insured relocated to another state f...

The removal coverage that is included in the broad form dwelling policy will cover property temporarily removed from the premises to protect it from damage for how long? a) 5 days b) 15 days c) 30 days d) 60 days correct answers c) 30 days The commercial property declarations page contains which of the following information? a) Interline endorsements b) Cause of loss forms c) Description of the property insured d) Common policy conditions correct answers c) Description of the proper...

QUESTIONS AND ANSWERS

Property and Casualty Practice PSI Exam Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

Property and Casualty PA Quiz QuestionsAll 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 - correct answer 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 successfully passi...

PSI Property and Casualty Practice Test - California EXAM Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

Chapter 18: Kentucky Laws, Rules, and Regulations Pertinent to Property and Casualty Insurance No provision of the Kentucky insurance code applies to: - correct answer -fraternal benefit societies except as stated in the section relating to them -nonprofit hospital, medical-surgical, dental, and health service corporations except as discussed in the section relating to them -burial associations except as provided under the chapter on assessment or cooperative insurance -assessment or coop...

Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance Exclusive Remedy