Amim 122 Study guides, Class notes & Summaries
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AMIM 122 Latest Update Graded A+
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AMIM 122 Latest Update Graded A+ 
 
Nationwide Marine Definition Limits the types of risks and policies that marine insurers 
were permitted to underwrite. Property must be in transit or bear some relation to transportation 
or communication to qualify for coverage under a marine or inland marine policy. 
 
Filed classes or controlled classes - those classes of business for which rates or forms or both 
must be filed with the insurance commissioner of a state for the insurer to write that class ...
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AMIM 122 QUESTIONS & ANSWERS SOLVED 100% CORRECT!
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Nationwide Marine Definition - Answer-Limits the types of risks and policies that marine insurers were 
permitted to underwrite. Property must be in transit or bear some relation to transportation or 
communication to qualify for coverage under a marine or inland marine policy. 
Filed classes - Answer-or controlled classes - those classes of business for which rates or forms or both 
must be filed with the insurance commissioner of a state for the insurer to write that class of business in 
that...
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AMIM 122 Study Guide Questions & Answers Already Passed!!
- Exam (elaborations) • 24 pages • 2024
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Which one of the following statements describes a benefit of using an intermodal cargo container to ship 
cargo? - Answer-Intermodal containers can be transferred from ship to truck without disturbing the 
contents. 
coinsurance formula 2.28 - Answer-1.Multiply the value of covered property, except property in transit, 
at the time of loss by coinsurance percentage 
2.Divide the limit of insurance of the property by the figure determined in Step 1 
3.Multiply the total amount of loss, before the...
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AMIM 122 Exam | 267 Questions With 100% Correct Answers.
- Exam (elaborations) • 24 pages • 2023
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Nationwide Marine Definition - Limits the types of risks and policies that marine insurers were 
permitted to underwrite. Property must be in transit or bear some relation to transportation or 
communication to qualify for coverage under a marine or inland marine policy. 
Filed classes - or controlled classes - those classes of business for which rates or forms or both 
must be filed with the insurance commissioner of a state for the insurer to write that class of business in 
that state. 
Nonfi...
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AMIM 122 Chapter 5 Study Guide Questions With Correct Solutions, Already Passed!!
- Exam (elaborations) • 6 pages • 2024
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Describe the exposures associated with earth-moving equipment. - Answer-- Upset and overturn can 
occur because of rough working terrain, the large size of equipment, the weight distribution of the 
equipment, and the weight of materials. 
- A high concentration of equipment on a job site can create traffic problems and increase the likelihood 
of fire and collision. 
- Fire hazards develop from the variety of ignition sources and combustible materials found in equipment 
and on job sites. 
- Va...
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