Webce flash - Study guides, Class notes & Summaries

Indirect Loss correct answersA secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System correct answersAn insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represe...

WebCE Flash QUESTIONS & ANSWERS 2023 ( A+ GRADED 100% VERIFIED)

WebCE Flash Questions and Correct Solutions 2024 Indirect Loss - Answer -A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System - Answer -An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent c...

Indirect Loss correct answersA secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System correct answersAn insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represe...

WEBCE Flash Questions and Correct answers rated A+ 2023/2024 Indirect Loss - correct answer A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System - correct answer An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency s...

WebCE Flash Question and answers rated A+ 2023

WebCE Flash

WebCE Flash

WebCE Flash Question and answers rated A+ 2023Indirect Loss A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent contractors (exclusi...

WebCE Flash fully solved to pass 2023Indirect Loss - correct answer A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System - correct answer An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent ...