Exam (elaborations)
BIO 152 MODULE 3 EXAM PORTAGE LEARNING LATEST 2021
- Course
- Institution
BIO 152 MODULE 3 EXAM PORTAGE LEARNING LATEST 2021
[Show more]
1 review
By: leonardmuriithi061 • 6 days ago
Seller
Follow
tutorsection1
Reviews received
Content preview
Insurance Customer Service Rep 440 Exam Reviewquestions and answers graded A+.
Loss Settlement Contract - ANSWER The following are basic characteristics of a
property or liability insurance contract, except:
Actual Cash Value - ANSWER The Loss Settlement Valuation that subtracts an
allowance for depreciation is defined as?
Liberalization - ANSWER States that if the insurer adopts a revision which would
broaden coverage without additional premium within some period of time prior to the
policy period or during the policy period, the insured receives the benefit of such
broadened coverage.
ABC and XYZ are responsible for claiming their own interest - ANSWER Frank
owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were
listed as additional interests on his homeowner s policy. The insurance company will
make a payment to which bank?
Conditional Contract - ANSWER The Insurer s responsibility to pay for a property
loss may be conditioned on the insured having used reasonable means to avoid the
loss, to protect the property against further loss, and to give the insurer proof of the
loss is defined as?
Doctrine of Proximate Cause - ANSWER The __________ states that when there is
an unbroken connection between an occurrence and damage that grows out of the
occurrence, then the resultant damage is all a part of the occurrence.
Abandonment - ANSWER Property insurance policies usually contain a(n)
__________ clause, stating the insured cannot dump damaged property on the
insurer and demand its full value:
Insurable Interest - ANSWER A(n) __________ is one wherein economic loss would
be suffered from an adverse happening to the subject:
Warranty - ANSWER A policy condition, either based on information in the insured s
application or inserted by the insurer, is defined as:
Severability - ANSWER Insurance applies separately to each insured as if other
insureds did not exist. This is defined as:
Jane? Jane's will pay $4,000 Jane's PIP will pay $5,000 x 80% = $4,000
Sue? Sue's will pay $9,600 Sue's PIP will pay $12,000 x 80% = $9,600
, Jim? Jim's will pay $10,000 Jim's PIP will pay $20,000 x 80% = $16,000, BUT the
PIP limit is $10,000 - ANSWER Jane and Sue are riding with Jim in Jim's car (All 3
are FL residents who own cars and carry basic PIP with no deductible). Jane has
$5,000 in medical bills, Sue has $12,000 in medical bills, and Jim has $20,000 in
medical bills. Whose PIP will pay and how much will it pay for:
The at-fault driver will have to pay $2,800 for Jeremy's injuries.
$10,000 minus $1,000 Deductible = $9,000
$9,000 x 80% = $7,200 paid by PIP (20% not paid by PIP)
$1,800 (amount not paid by Jeremy s PIP ) + $1,000 (Jeremy Deductible) = $2,800
due from At-Fault drive - ANSWER Jeremy was driving his car in FL when he is hit
by an at-fault driver. Jeremy has $10,000 in Medical Bills, Basic PIP with a $1,000
deductible and no Med Pay coverage.
3 - ANSWER As to required proof for future accidents by purchase of auto liability
insurance, the insurer must make a filing (Form SR-22) certifying that coverage is in
effect, and this certification must remain on file for __________ years:
Temporary Injury of the Insured - ANSWER Which of the following is not one of the
"Thresholds" in the "No-Fault" law?
Garage Coverage Form - ANSWER Used to insure businesses engaged in selling,
servicing, repairing, parking or storing automobiles:
Material Misrepresentation
Fraud
Drivers License Suspension - ANSWER Under the Business Automobile Policy
"Other Florida Auto Insurance Laws," after the first 60 days of the policy, the
Company can cancel for:
36 Months/36,000 Miles - ANSWER Under Mechanical Breakdown Coverage, new
cars are eligible for service up to:
$5,000 - ANSWER Frank has a not-at-fault accident, he has basic PIP, no
deductible and Med pay of $5,000. How much will his Med Pay contribute to medical
bills of $15,000?
Split - ANSWER The following examples are referred to as __________ liability
limits: 25/50 or 10/20.
$1,600 - ANSWER Jeremy has a not at fault accident. If he has PIP with a $1,000
deductible, how much may he expect his PIP coverage to pay toward his medical
bills that total $3,000?
10,000 - ANSWER Personal Injury Protection, or PIP, has a __________ per
person, per accident limit.
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 tutorsection1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$26.12. 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