Standard deductible 500 - Study guides, Class notes & Summaries

Florida Property and Casualty Insurance 10The FAJUA is composed of: - ANSWER All companies licensed to write auto insurance in Florida A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy covering bodily injury and property damage liability for aviation risks is defined as: - ANSWER Airport and Air Meet Liability Homeowners HO-3 policy - severe theft loss. Coverage A limit is $100,000. Insured losses include $25,000 furniture, clothing ...

Property and causality Exam ADP Questions and Answers 100% Pass In a commercial general liability policy medical payment pay for medical expenses Without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or use Professional liability In PA, what is the minimum amount required for damages for liability to cover motor vehicles accidents? a. 15K, 30K, 5K Under an equipment breakdown...

What kind of retirement plan can a 75-employee for profit corporation establish? - ANSWER-Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the - ANSWER-Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT - ANSWER-failure to pay all claims that are reported within 90 days after a loss occurs The settlement option that allows p...

Florida Property & Casualty Insurance Real Exam 500+ Questions And Correct Answers | LATEST UPDATE The FAJUA is composed of: - ANSWER All companies licensed to write auto insurance in Florida A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy covering bodily injury and property damage liability for aviation risks is defined as: - ANSWER Airport and Air Meet Liability Homeowners HO-3 policy - severe theft loss. Coverage A limit...

Types of Dwelling Properties CORRECT ANSWER 1. 1 to 4 family 2. Rented to Others 3. Owned by Corp. or Partnerships 4. Low Valued 5. Mobile Homes Standard Dwelling Property Deductible CORRECT ANSWER $500 Dwelling Property Coverage A CORRECT ANSWER Dwelling - Including permanently installed building equipment and outdoor equipment to service property. No land. Dwelling Property Coverage B CORRECT ANSWER Other Structures (Detached) Dwelling Property Coverage C CORRECT ANSWER Person...

NJ Property Insurance Law Exam With 100% Correct Answers 2023. In New Jersey, and insurer must provide at least______ advance notice for cancellation of property coverages for nonpayment of premium 10 days The employment of another producer by a producer is subject to all of the following requirements, except a. the employer shall examine the credentials of the kinds of business described in the contract. b. the employer shall be responsible for the insurance related conduct of the empl...

4 types of hazards - Answer-1) physical hazard 2) moral hazard 3) attitudinal hazard 4) legal hazard 6 characteristics of an insurable risk - Answer-1) there must be a large number of exposure units 2) the loss must be accidental and unintentional 3) the loss must be determinable and measurable 4) the loss should not be catastrophic 5) the chance of loss must be calculable 6) the premium must be economically feasible active retention - Answer-active risk retention means that an individ...

All of the following long-term care coverages would allow an insured to receive care at home EXCEPT a. Skilled Care b. Custodial care in insured's house c. Respite care d. Home health care - a. What is the purpose of a suicide provision within a life insurance policy? - To protect the insurer from persons who purchase life insurance with the intention of committing suicide Which of the following is not true of Disability Buy-Sell coverage ? a. it is typically written to cover partners o...

Florida General Lines Agent Test Exam questions With Verified Answers Homeowners HO-3 policy - severe theft loss. Coverage A limit is $100,000. Insured losses include $25,000 furniture, clothing and other ordinary personal property plus $5,000 damage to guns and $5,000 damage to jewelry, furs. Insured will recover: $29,000 less any deductible A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy covering bodily injury and property damag...

Florida Property & Casualty Insurance All Answers Correct The FAJUA is composed of: ️All companies licensed to write auto insurance in Florida A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy covering bodily injury and property damage liability for aviation risks is defined as: ️Airport and Air Meet Liability Homeowners HO-3 policy - severe theft loss. Coverage A limit is $100,000. Insured losses include $25,000 furniture, ...