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OTL EXAM CHAPTER 2 QUESTIONS WITH CORRECT ANSWERS VERIFIED
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What two basic categories is the insurance business divided into? - Answer-Life and health insurance, and General insurance What type of licensed intermediary represents only one insurer? - Answer-Exclusive Agents What is the primary function of insurance? - Answer-A method of sharing the losses ...
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Add to cartWhat two basic categories is the insurance business divided into? - Answer-Life and health insurance, and General insurance What type of licensed intermediary represents only one insurer? - Answer-Exclusive Agents What is the primary function of insurance? - Answer-A method of sharing the losses ...
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OTL Exam question B Answers with complete solution
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How is professional liability insurance typically provided to an engineer? - Answer-A standalone policy is required What is the caregiver benefit limit? - Answer-$250 per week and an additional $50 for each dependant Where would an agent/broker find the exact details of what constitutes a condom...
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Add to cartHow is professional liability insurance typically provided to an engineer? - Answer-A standalone policy is required What is the caregiver benefit limit? - Answer-$250 per week and an additional $50 for each dependant Where would an agent/broker find the exact details of what constitutes a condom...
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OTL C81 One Questions With 100% Correct Answers.
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The undertaking by one person to indemnify another person again loss or liability for loss in respect of a certain risk or peril to which he object of the insurance may be exposed, or to pay a sum of money or other thing of value upon the happening of a certain event. - Answer-Insurance The requi...
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Add to cartThe undertaking by one person to indemnify another person again loss or liability for loss in respect of a certain risk or peril to which he object of the insurance may be exposed, or to pay a sum of money or other thing of value upon the happening of a certain event. - Answer-Insurance The requi...
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OTL Practice Exam B Questions And Correct Answers |100% Verified |Guaranteed Success
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Coverage's available under auto policies across Canada include a. Uninsured Motorist Coverage, Accident Benefits and Loss of or Damage to Insured Auto b. Accident Benefits and collision c. Third Party Liability, Accident Benefits and Loss of or Damage to Insured Auto d. All of the above - Answe...
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Add to cartCoverage's available under auto policies across Canada include a. Uninsured Motorist Coverage, Accident Benefits and Loss of or Damage to Insured Auto b. Accident Benefits and collision c. Third Party Liability, Accident Benefits and Loss of or Damage to Insured Auto d. All of the above - Answe...
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OTL Practice Exam A Questions and Answers(A+ Solution guide)
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Which of the following is not a definition of "Certificate of Insurance"? a) It does not certify the existence of insurance. b) May be a modified form of a policy. c) Issued as a convenience to a party who may have interest in the insurance. d) None of the above. - Answer-a) It does not certif...
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Add to cartWhich of the following is not a definition of "Certificate of Insurance"? a) It does not certify the existence of insurance. b) May be a modified form of a policy. c) Issued as a convenience to a party who may have interest in the insurance. d) None of the above. - Answer-a) It does not certif...
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