Property and casualty pa - Study guides, Class notes & Summaries

PA Property & Casualty License Practice Exam Questions and Answers Already Passed An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of an earthquake, mudslide, landslide, or sinkhole. an Earth movement exclusion An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of the fact that the individual did not maintain the property. Neglect exclusion ...

Louisiana Property and Casualty Exam Questions and Answers Already Passed Should 2 or more insurers issue a combined Standard Fire Policy insuring a single risk, in the event of a loss, the insured must notify Any of the insurers providing coverage. The policy conditions define How parties to the contract must act following a loss. Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT ...

Property and Casualty PA Quiz Questions Latest 2024 Rated A+ All of the following are requirements to be licensed in PA except: -Complete a four-week long pre-licensing course -Pass the appropriate exam -Apply for a license with the insurance department and pay the appropriate fee -Have your fingerprints taken and submitted Complete a four-week long pre-licensing course All of the following statements are correct except: -An applicant has up to one year to be licensed after successfu...

risk correct answers the possibility that a loss may occur speculative risk correct answers possibility of loss, possibility of gain (gambling) pure risk correct answers only involving loss, not gain (car accident) exposure correct answers the possibility that loss will occur (house fire) loss correct answers the unforeseen, unintended damage to property, injury, amount paid hazard correct answers anything that increases the chances of a loss occurring moral hazard correct answ...

Property and Casualty PA Quiz Questions All of the following are requirements to be licensed in PA except: -Complete a four-week long pre-licensing course -Pass the appropriate exam -Apply for a license with the insurance department and pay the appropriate fee -Have your fingerprints taken and submitted - correct answer Complete a four-week long pre-licensing course All of the following statements are correct except: -An applicant has up to one year to be licensed after successfully pas...

Property and Casualty Principles Review Test Already Passed In order to get a loan to buy a car, John had to obtain insurance on the car. The purpose of the insurance requirement is to A - protect the lender's financial interest in the car in the event it is damaged or destroyed B - create an additional source of revenue for the lender C - include the insurance company as a cosigner on the loan in case John defaults on his payments D - prove to the lender that John has a sen...

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Property and Casualty Questions and Answers Already Passed An agent license can be suspended or revoked by writing primarily controlled business If an insured hides information and fails to disclose a known material fact to the insurer is known as Concealment which of the following statements pertaining to medical payment Part C of the CGL is false A person has to establish the liability of the insured before medical benefits will be paid under the contract All of the following...

Alabama Property and Casualty Sample Quiz 1-100 Already Passed What is a hazard? an increase in the possibility that a loss might occur transfer risk from a person or business to an insurance company that agrees to to pay for losses in exchange for a premium. insurance The type of insurance company in which the policyholder is considered an owner, with the right to vote and share in the profits is a mutual company Jewel Canford's home is insured by XYZ Insurance Company. Last y...

Property and Casualty Exam Questions and Answers Already Passed the one basic characteristic of any type of insurance is that the insured is returned to the same status that existed prior to the loss, but without a chance for gain or profit true which of the following coverages does an open peril policy provide? perils other than those specifically named as being excluded determine the actual cash value in the following situation: original price of office equiptment when purchased...