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Ga Personal Lines Guarantee Exam Attempt 1 Questions And Answers With Verified Solutions Already Passed!!!
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Ga Personal Lines Guarantee Exam Attempt 1 Questions And Answers With Verified Solutions Already Passed!!!

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  • October 2, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ga personal lines guarantee exam attempt 1 questio
  • an insureds diner suffered a fire loss in additi
  • in reference to insurable interest which of the f
  • to have insurable interest in the person or proper

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  • Personal lines
  • Personal lines

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Ga Personal Lines Guarantee Exam
Attempt 1 Questions And Answers With
Verified Solutions Already Passed!!!
An insured's diner suffered a fire loss. In addition to the damage caused by fire, the
floor covering had to be replaced because of the water damage. It took 4 weeks for
the repairs to be completed. The insured was without income for that period of
time. the insured's policy includes both direct and indirect loss coverage. What part
of the loss would be paid as indirect loss? - ANSWERS✔✔the loss of income for
the time the diner was closed


A personal umbrella policy may act as excess over any of the following insurance
coverage policies EXCEPT? - ANSWERS✔✔Auto collision coverage


In reference to insurable interest, which of the following is NOT n element of
insurable risk? - ANSWERS✔✔Personal


Other than perils, the difference in the three DP forms is in coverage provided.
Which of the following coverage options is covered by the DP-2 and DP-3, but not
DP-1? - ANSWERS✔✔Coverage E - additional living expenses


NFIP flood insurance policies have a term period of? - ANSWERS✔✔1 year


To have insurable interest in the person or property covered by a property
insurance policy, which of the following potential risk must the policyowner face?
- ANSWERS✔✔Financial loss


To qualify for an original certificate of authority, what minimum capital stock or
surplus must an insurer have? - ANSWERS✔✔$1.5 million

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