Proscholar

Debris correct answers remains of anything broken down or destroyed Incidental occupancy correct answers minor uses that are accessory to or support the predominant occupancy (e.g., a piano teacher giving lessons in her home) Occurrence correct answers an incident or event Ordinance correct answers A law that must be complied with Overinsurance correct answers when a property's insurance coverage exceeds its cash value Premises correct answers a house or building (including land ...

Accelerated Benefits correct answers riders attached to life insurance policies which allow death benefits to be used to cover nursing and convalescent home expenses. Accident correct answers an unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance correct answers A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury correct answers unplanned, unforeseen traumatic injury to the bod...

If a producer allows his license to lapse, within what time period may the producer reinstate the same license? correct answers b) 2 years Producers who allow their license to lapse may reinstate them same license within 2 years, upon proof of fulfilling all continuing education requirements through the date of reinstatement, & by paying all overdue fees. Which of the following would be eligible for Homeowners Coverage F - Medical Payments in the event of injury at the insured's premises?...

A ******* is a person required under this state's laws to be licensed to sell, solicit, or negotiate insurance. This includes all persons or business entities referred to as "insurance agent", "agent", "insurance broker", "broker", "insurance solicitor", "solicitor", or "surplus lines broker". correct answers Individual producer A person applying for a producer license must: correct answers -atleast 18 years old -Reside, or maintain their place of business in LA -Not committ...

An insured who wants Physical Damage coverage for her boat can obtain it with A. Homeowners insurance correct answers Outboard Motor and Boat insurance Outboard Motor and Boat insurance provides correct answers open peril Physical Damage coverage for boats Each of the following is true about umbrella liability policies EXCEPT: correct answers The coverage is only available for commercial risks. Umbrellas may be written for businesses or individuals. Personal umbrellas provide correct an...

To assure the public that only competent trustworthy individuals and other entities sell insurance and to protect and promote the public interest. correct answers Licensing/Purose A contract under which one party undertakes to pay another against a loss of a specified contingency or peril. correct answers Insurance What is another word for insurance company? correct answers Insurer What is another word for a client? correct answers Insured Who is the producer? correct answers you are...

. A business entity acting as a claims adjuster is required to obtain a claims adjuster license. Application shall be made using what application? correct answers Uniform business entity application These required steps below represent what type of adjustor's license application? * *An adjuster seeking what type of License** (1) Is eligible to designate this state as his home state or is a nonresident who is not eligible for a license (2) Has not committed any act that is a gr...

The owner of a small business applies for a fire insurance policy with limits equal to 100% of the property's value. The owner has huge unsold inventories and a large personal gambling debt. From an underwriting standpoint, this might indicate correct answers A moral hazard Which of the following best describes an insurance company that has been formed under the laws of this state? correct answers Domestic Which are the following are the authorities that an agent can hold? correct answers...

who is NOT considered an employee in a commercial general liability (CGL) policy? A. temporary worker B. leased worker C. full-time worker D. Part-time worker correct answers A (in CGL policy, a temporary worker is not considered an employee) The national do not call registry was created to regulate A. telemarketers B. field underwriters C. Insurers D. insurance solicitors correct answers A In comparison to consumer reports, which of the following describes a unique charact...

Which policy consists of the Declarations and Conditions, Endorsements, and other attachments applicable to a single line of insurance? (a) Commercial Package (b) Monoline (c) Insurance (d) Casualty correct answers (b) Monoline A Monoline Policy contains only one coverage part page 72 A Commercial Package Policy (CPP) allows the insured to select the coverage needed and customize the policy to meet the needs of the insured's business. In a CPP, the business owner may select f...