CIC Agency Property BUNDLED Exams and Verified Solutions 2024 | 2025 Update

CIC Commercial Property Questions with Correct Solutions 2024 Actual Cash Value (ACV) - Answer -replacement cost less an allowance for insurance depreciation, wear and tear, or obsolescence Advance premium - Answer -initial premium paid to begin coverage on a policy Agreed Value - Answer -a lim...

CIC Commercial Property Exam Prep 2024 with Solutions Endorsements used to modify coverage extensions (6) - Answer -1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television...

Commercial Property Test with Correct Solutions What is it called when the insured gives the insurer their legal right of recovery from a third party? a. Liberalization b. Exclusively c. Subrogation d. Assignment - Answer -c. Subrogation Which is covered under a Lease Hold Interest coverage fo...

CIC - Agency Management 2024 with Correct Solutions Budget Considerations for growing an agency and doing a needs assessment - Answer --the specific talents and skills employees require -an awareness of gaps, deficiencies, and surpluses within and across departments -a determination of how many ...

CIC Commercial Multi-line Exam Prep-Solved Latest Update 2024 Distinguish between Covered Property and Property Not Covered under the Businessowners Coverage Form. - Answer -Covered: Buildings: Includes PP of landlord (common areas, furnished) Covers Bridges, Retaining Walls, Wharves, Docks R...

CIC Agency Management Exam- All Lessons 2024 Updated Explain the Organizational Structures available to Agencies - Answer -Sales vs. Service Oriented Large Agencies vs. Small Agencies Publicly Traded vs. Privately Held Explain the Federal and State Regulations on Agencies - Answer -Licensing Re...