Tentamen (uitwerkingen)

Alberta General Insurance Level 1 – Questions and Answers Already Passed

Name: Alberta General Insurance Level 1 – Questions and Answers Already Passed
SKU: doc_4700071
Rating: 4.00 (1 reviews)
Author: StellarScores

1 beoordeling

1 keer verkocht

Vak
Alberta General Insurance Level 1

Instelling
Alberta General Insurance Level 1

[Meer zien]

Voorbeeld 4 van de 51 pagina's

Bekijk voorbeeld

Geupload op 8 maart 2024
Aantal pagina's 51
Geschreven in 2023/2024
Type Tentamen (uitwerkingen)
Bevat Vragen en antwoorden

alberta general insurance level 1 questions and

Instelling Alberta General Insurance Level 1
Vak Alberta General Insurance Level 1

1 beoordeling

Door: geetgataure1984 • 1 maand geleden

Volgen

StellarScores Lid sinds 1 jaar 1439 documenten verkocht

169

$11.99

Ook beschikbaar in voordeelbundel v.a. $18.99

In winkelwagen

Opslaan

100% tevredenheidsgarantie
Direct beschikbaar na je betaling
Lees online óf als PDF
Geen vaste maandelijkse kosten

Ook beschikbaar in voordeelbundel (1)

Alberta General Insurance Bundled Exams Questions and Answers Already Passed

$ 67.44 $ 18.99

4x verkocht

6 items

1. Tentamen (uitwerkingen) - Insurance law questions and answers rated a+
2. Tentamen (uitwerkingen) - General insurance level 1 license – alberta questions with verified solutions
3. Tentamen (uitwerkingen) - Level 1 general insurance exam questions and answers already passed
4. Tentamen (uitwerkingen) - Insurance level 1 alberta exam questions with verified solutions
5. Tentamen (uitwerkingen) - Insurance level 1 test alberta questions and answers already passed
6. Tentamen (uitwerkingen) - Alberta general insurance level 1 – questions and answers already passed
Meer zien

Alberta General Insurance Level 1 –
Questions and Answers Already Passed Your insured, a sole proprietor, purchased a building valued at $1 million. The insurance policy has a coinsurance clause based on the replacement cost value of 90%. Contrary to your advice, your insured insures the building for only $500,000. He suffers a windstorm loss totaling $150,000. How much will the insurer pay? a) $75,000 b) $83,333 c) $150,000 d) $93.755 ✔✔b) $83,333 An insured property is covered by two separate commercial policies placed with two different insurers. Insurer A's policy has a li mit of $100,000 and Insurer B's policy has a limit of $200,000. The insured suffers an insurable loss of $230,000. Assuming no deductibles apply, how much will each insurer pay? a) Insurer A will pay $100,000. Insurer B will pay $130,000 b) Insurer A will pay $100,000, Insurer B will pay $200,000 c) Insurer A will pay $76,659. Insurer B will pay $153,341 d) Neither insurer will pay. Two policies on the same property are prohibited ✔✔c) Insurer A will pay $76,659. Insurer B will pay $153,341 On a Commercia l Building, Equipment, and Stock Form, that insures the building owner, which of the following would not be included under the "building" definition? a) Growing plants and trees inside the building used for decorative purposes b) Building maintenance supp lies c) Fixed structures pertaining to the building d) Temporary fixtures and fittings ✔✔d) Temporary fixtures and fittings Under a Commercial Building, Equipment, and Stock insurance policy, the definition of "stock" includes a) merchandise of every des cription usual to the insured's business, including packing and wrapping materials b) advertising material usual to the insured's business c) all stock including similar property belonging to others for which the insured is obligated to insure d) all of th e above ✔✔d) all of the above The Commercial Building, Equipment and Stock insurance policy identifies three types of equipment for which coverage is provided. Which of the following is NOT one of these three types? a) Tenants' improvements and betterments if the insured does not own the building b) Packing materials used to ship stock c) Property belonging to others for which the insured is legally liable d) The contents usual to the business the insured is engaged i n, other than stock ✔✔b) Packing materials used to ship stock The basic principle of business interruption insurance is a) to arrange alternate employment for employees while the building is being repaired following an insured loss b) To restore the prem ises to the condition they were in before the loss c) to cover the cost of relocation the business d) to restore the income that would have been earned had the business not been interrupted ✔✔d) to restore the income that would have been earned had the bus iness not been interrupted On a commercial crime insurance policy, employee dishonesty insurance a) is provided on a discovery basis b) is also known as fidelity insurance c) protects insured against dishonest acts committed by employees, alone or in col lusion with others d) all of the above ✔✔d) all of the above Which of the following losses normally excluded under a boiler and machinery policy can be added by endorsement? a) Fire b) Nuclear reaction or radioactive contamination c) Increased costs due to the enforcement of a bylaw regulating building construction

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, creditcard of je Stuvia-tegoed en je bent klaar. Geen abonnement nodig.

Direct to-the-point

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.