Supplementary payments - Study guides, Class notes & Summaries

LA Claims Adjuster Property and Causality Practice Exam 2 with Complete SolutionsLA Claims Adjuster Property and Causality Practice Exam 2 with Complete SolutionsLA Claims Adjuster Property and Causality Practice Exam 2 with Complete Solutions A single Declarations page common to all coverages A single conditions section common to all coverages - ANSWER-A commercial package policy always includes Send the insured a reservation of rights letter - ANSWER-If the insured fails to report claim i...

Texas Property and Casualty Insurance Exam Questions with 100% Correct Answers Which of the following factors concerning the Garage policy is incorrect? -Section 1 is used to list the covered autos with their appropriate symbol - section II is liability coverage - Garage Operations other than covered auto relates to the ownership, maintenance or use of covered autos - Garage operations- covered autos is a coverage available under section II liability Garage Operations other than covered au...

LA Claims Adjuster Property and Causality Practice Exam 2 Rated A $300,000. The minimum liability amount per occurrence for bodily injury and property damage claims available under the BOP is: : The Insurer An insured carries aircraft liability coverage with "admitted aircraft liability coverage." Who negotiates the payment of the claim if a passenger is injured in an accident? : The Ship Owner. Whose responsibility is it to see that a ship is seaworthy? "specialty" Ocean Marine ...

USAA P&C Insurance Adjuster Exam Already Passed Perils Causes of loss identified in the policy (Fire, lightening, internal explosion ,Wind, Hail, Collision) Hazard Condition that create or increases the chance or loss or contributes to the loss Physical Hazard Visible ( operational features of a risk) Moral Hazard Intentional dishonesty or illegal actions of a person (arson) Morale Hazard Carelessness or indifference ( attitude). Takes additional risks (negligence) Pure Ris...

New York State General Adjuster 17-70 Exam || Questions & Answers (Rated A+) New York State General Adjuster 17-70 Exam || Questions & Answers (Rated A+) An employee has been asked to use his own personal vehicle to perform certain tasks on behalf of his employer. What coverage is used under the business auto policy to protect the employer for lawsuits when the employee has an accident that causes legal action against the employer? - ANSWER - Employers non-ownership coverage. This coverage p...

What is true about controlled forms? - These forms are usually issued according to published rules and rates When will an insurance company pay damages on behalf of an insured under a CGL policy? - when the company determines that the insured is legally liable A loss reserving method that establishes aggregate reserves for all claims for a single type of insurance is known as - Loss ratio method What is a "board foot" ? - A piece of lumber 12" wide by 1' long by 1" thick - this is a u...

New York State Property and Casualty Licensing Exam Latest Version Graded A+ Pro Rata Liability Clause is included in an insurance policy to deal with the problem of Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit bears to the total coverage carried. pro rata liability If a loss occurs that is covered b...

Personal Lines Insurance Test - Spring 2024 (Answered) The transportation / permission to move endorsement provides coverage for the collision, upset, stranding or sinking of a mobile home that is being moved to a new location for up to ____ days. 30 A tort is a _____ or _______ wrong committed by one person against another. Civil Private Libel, slander and false arrest are categorized as ___________ torts. Intentional An unendorsed liability policy provides coverage for _____________ torts. U...

Casualty Insurance Exam Latest 2024 Graded A+ Coverage that is triggered when a claim is first made against the insured, regardless of when the injury took place, is known as Coverage under the claims-made form According to the other insurance condition, which of the following are methods used to decide how the claim will be divided? Contribution by equal shares or contribution with limits Which of the following limits of liability in a commercial general liability policy is the mo...

NEA-BC PROFESSIONAL PRACTICE WITH COMPLETE SOLUTIONS 100% Accountable Care Organization (ACO) - correct answer An organization of healthcare providers accountable for the quality, cost, and overall care of Medicare beneficiaries who are assigned and enrolled in the traditional fee-for-service program Purpose: improve delivery of care and save costs Coordination of care Shared Savings Program - correct answer ACO payment is made for participants under fee for service who meet performance...