Exam (elaborations)
Fred Loya Insurance Test Guide with Questions & 100% Correct Answers
- Course
- Institution
Fred Loya Insurance Test Guide with Questions & 100% Correct Answers
[Show more]
Seller
Follow
Content preview
Fred Loya Insurance Test Guide withQuestions & 100% Correct Answers
Coin insurance - ✔requires a policy holder to carry insurance equal to a specific percentage
of the total value of the property
Altruism - ✔unselfish regard for a devotion for the welfare of others
Hedonism - ✔Pleasure of happiness is the sole or chief good in life
Insurer - ✔To keep records and remits premiums when due
Insured/Applicant - ✔Insured and applicant rely in the agent forward the premiums
and secure the proper coverage
Express - ✔Oral/written agreement by the insurance
Implied - ✔(authority) The public may be reasonably believe an agent to have
appearnt - ✔action or inaction that gives the agent the impression he/she has
certain authority
, Unfair completion and Practice Advertising Guidelines - ✔Insurance code prohibits any
trade practice which is defined in the act an unfair method of completion or an unfair
deceptive act or practice
Boycott Coercion and Intimidation - ✔Entering into an agreement to commit or
commenting and act of boycott coercion or intimidation unreasonable restraint of or
monopoly in the business
False Financial statement - ✔Filing publishing or placing before the public any false
statement of financial.
False use of statics - ✔Ads cannot use statistics which are false
Rebates - ✔Giving or offering as an inducement in insurance or premiums payable in
the contract special favors or advantage in dividends or benefits
Waiver - ✔legal phrase referring to a party of a contract giving up a right
Estopples - ✔The involuntary relinquishments if a now right
Subrogation - ✔Right to collect a debt from another person in a claiming lawsuit right or debt
Pure Risk - ✔No possible gain
risk - ✔The certainty of a future outcome
Speculative Risk - ✔Involves gain or loss
Peril - ✔The cause of a loss
Ex; accident, fire wind ,hail,collison
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller KenAli. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now