PROPERTY AND INSURANCE PACKAGE DEAL

Specific insurance - ️️This type of insurance designates a particular item to be insured Blanket insurance - ️️This type of insurance covers more than one item of property at a single location or one more items of property at multiple locations. Speculative - ️️possibility of both ...

Which of the following are the authorities that an agent can hold? - ️️Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? - ️️Permanent partial disability Who is NOT considered an employee in an commercial general li...

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 specifi...

What is a peril? - ️️A Peril is a cause of loss What is a hazard? - ️️Something that increases the chance of a loss What is the difference between a Moral hazard and a Morale Hazard? - ️️Moral Hazard - dishonesty, against the law Morale Hazard - carelessness What is the method ...

An unlicensed employee of an insurance agency may perform all of the following EXCEPT: - ️️A) Accept a claim form B) Type correspondence for a direct mail campaign C) Deposit properly endorsed checks into the agency's bank account •• D) Advise an insured of coverage issues A producer ...

All of the following are factors in the determination of actual cash value EXCEPT - ️️Insurance premium paid The dwelling insured on HO-2, HO-3, or HO-5 forms is covered for replacement, provided that it is insured for at least what percentage of replacement cost on the date of loss? - ️️...

To prevent recovery beyond the amount of the insured's actual loss, the policy will contain: - ️️An Other Insurance Clause Collision coverage of an auto policy covers: a) road damage to the tires b) upset of the vehicle c) frozen engine block d) falling objects - ️️B) upset of the ve...