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AMIM 122 Chapter 5 Study Guide Questions With Correct Solutions, Already Passed!!

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Describe the exposures associated with earth-moving equipment. - Answer-- Upset and overturn can occur because of rough working terrain, the large size of equipment, the weight distribution of the equipment, and the weight of materials. - A high concentration of equipment on a job site can create...

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AMIM 121 Chapter 13 Questions And Answers With Verified Solutions

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American Institute Builders Risks Clauses (AIBRC) - Answer-An insurance form used in the American market to insure vessels under construction; includes hull, collision liability, and P&I coverage American Institute Ship Repairers Liability Clause - Answer-An insurance form for covering a ship rep...

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AMIM 122 Study Guide Questions & Answers Already Passed!!

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Which one of the following statements describes a benefit of using an intermodal cargo container to ship cargo? - Answer-Intermodal containers can be transferred from ship to truck without disturbing the contents. coinsurance formula 2.28 - Answer-1.Multiply the value of covered property, except ...

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AMIM 122 QUESTIONS & ANSWERS SOLVED 100% CORRECT!

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Nationwide Marine Definition - Answer-Limits the types of risks and policies that marine insurers were permitted to underwrite. Property must be in transit or bear some relation to transportation or communication to qualify for coverage under a marine or inland marine policy. Filed classes - Answ...

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AMIM 121 Questions And Answers Rated A+

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Ocean Marine Insurance - Answer-principally associated with vessels and their cargoes; also includes international air shipments as well as transportation by land or air that connects with an ocean shipment or international air shipment. Cargo Insurance - Answer-Insurance that covers loss of or d...

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AMIM 121 Exam Questions & Answers Already Passed!!

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charterers liability policy - Answer-an insurance policy that covers a voyage or time charterer's liabilities arising out of the charter party Builders Risk - Answer-cover during vessel construction ship repairers liability policy - Answer-bailee coverage marina operators legal liability - Answ...

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