Named driver exclusion - Study guides, Class notes & Summaries

Claims Adjuster Exam 1 Questions and Answers Rated A+ Actual Cash Value (ACV) - Answer ️️ -Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Answer ️️ -One limit per occurrence is what we pay up to Split limit - Answer ️️ -What we pay up to per person and per occurrence Deductible - Answer ️️ -What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Answer ️️ -The basic infor...

Actual Cash Value (ACV) correct answers Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit correct answers One limit per occurrence is what we pay up to Split limit correct answers What we pay up to per person and per occurrence Deductible correct answers What the customer will have to pay; we cover everything else Declarations Page (Dec Page) correct answers The basic information about a policy: Who - names of insurer and in...

Claims Adjuster Exam 1 Questions and Answers Rated A+ Actual Cash Value (ACV) - Answer ️️ -Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Answer ️️ -One limit per occurrence is what we pay up to Split limit - Answer ️️ -What we pay up to per person and per occurrence Deductible - Answer ️️ -What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Answer ️️ -The basic infor...

The process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? - Underwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible for the cost of the examination? - Foreign company Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability Limits of 50/100...

Actual Cash Value (ACV) correct answers Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit correct answers One limit per occurrence is what we pay up to Split limit correct answers What we pay up to per person and per occurrence Deductible correct answers What the customer will have to pay; we cover everything else Declarations Page (Dec Page) correct answers The basic information about a policy: Who - names of insurer and in...

The process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? Underwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible for the cost of the examination? Foreign company Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen Driver A has a personal ...

Actual Cash Value (ACV) - Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - One limit per occurrence is what we pay up to Split limit - What we pay up to per person and per occurrence Deductible - What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - The basic information about a policy: Who - names of insurer and insured What - description of insured property Where - address and legal desc...

another name for insurance agent is: principal producer broker recorder - Answer producer another name for insurer is: principal producer broker policymaker - Answer principal The Broad Form Products Coverage endorsement in commercial auto policies does which of the following? Adds property coverage Removes the defective products exclusion Adds the defective products exclusion Removes property coverage - Answer Removes the defective products exclusion All of the follow...

Claims Adjuster Exam 1 Questions and Answers Rated A+ Actual Cash Value (ACV) - Answer ️️ -Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Answer ️️ -One limit per occurrence is what we pay up to Split limit - Answer ️️ -What we pay up to per person and per occurrence Deductible - Answer ️️ -What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Answer ️️ -The basic infor...

South Carolina Motor Vehicle Financial Responsibility Act Requires that all automobile drivers be able to show proof that they can pay for damages done to others up to a minimum amount if involved in an accident Required auto limits 25000/50000 for bodily injury and 25000 for property damage Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen Uninsured Motorist a driver involved in a vehicle accident who ...