Broad peril exclusions - Study guides, Class notes & Summaries

multi-line policies - Answer HO policies are _ which mean they combine property and casualty coverages in the same policy. it packages several coverages related to a specific type of exposure, and it reduces the number of policies one has to purchase. personal package policy - Answer HO insurance is sold as a _ designed to cover a broad range of exposures related to owning and renting a part of a home. theft insurance and personal liability coverage under one contract - Answer the HO insur...

Texas Property and Casualty Exam Questions and Answers Verified 100% ____ is uncertainty of loss - risk ____ is a transfer of risk from the insured to the insurer - insurance ____ risk means there is no chance of gain. It is insurable. - pure ____ risk means there is a chance of a loss or a gain. It is not insurable. - speculative a ____ is something that increases the risk. - hazard the principle of _____ governs property and casualty policies. It states that the purpose of th...

ACA Final Exam Questions and Answers 2023 At the end of this course, you must do which of the following? Pass the final course exam with a scored of 70% or higher Print your certificate from this website Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at All of the above All of the above Which of the following is NOT one of the duties of the Department of Financial Services? License adjusters Set rates and write policies ...

HO-1 - Answer Basic named perils policy. Only covers 10 listen perils. RCV. HO-2 - Answer Broad named perils policy. Covers dwelling & personal property. 16 named perils. HO-3 - Answer Homeowners special form. Basic open perils policy. Dwelling - open peril, covers everything except exclusions. Contests - named peril. HO-4 - Answer Renters policy. No coverage for dwelling, other structures or loss of use. Personal property (amount that you specify.) Liability (amount th...

California property and casualty exam, Pool Questions & Answers. Verified. Rated A The process where by a mutul insurer becomes a stock company is called - Demutalization The process whereby a stock company a mutal insurer is called - Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Valuation clause The part of the policy that states the amout of coverage the insured property policy period is - Declara...

NJ Property, Casualty, and Auto Licensing Exam Latest Version Graded A+ Insuring Agreement company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions what the policy will not pay for Definitions names of the persons insured in addition to the named insured are listed here, along with any other (blank) of terms in the policy Additional Coverage coverages under a policy that are provided by the insurer at no extra cost Casua...

Standard Fire Policy Correct Answer basic foundation of all homeowner's and commercial policies ACV Named peril policy that only covered fire and lightning First used in 1918 in NY Line of Coverage Correct Answer A particular risk or group of risks covered by an insurance policy Monoline Policy Correct Answer an insurance policy that covers only one risk or type of risk Personal lines Correct Answer for possessions intended for personal use Commercial lines Correct Answer for pos...

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

Which one of the following describes a windstorm under an insurance policy? -️️A wind of any velocity having sufficient force to cause damage Which one of the following statements is true regarding the peril of collapse? - ️️Insurers agree to pay for collapse of the insured building caused by perils listed in the form. Paco Campos accidentally tosses a cigarette in a trash can in his old detached garage. The garage catches on fire, but Paco, knowing his insurance policy will provide...

What are the penalties for violating the Fair Credit Reporting Act? correct answers $5,000, Imprisonment for 1 year or both How long to give notice to client about credit report? correct answers 3 days after report is requested TRIPRA defines terrorism as... correct answers A violent act or an act that is dangerous to human life, property or infrastructure that results in damage in or outside the US committed by domestic or foreign terrorists. TRIPRA Regulations correct answers Triggeri...