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Examfx practice test Exam | 1 - ExamFX Life and Health | Examfx Property and Casualty | Exam FX Stimulation Exam

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Exam FX Stimulation Exam | 93 Questions with 100% Correct Answers |GRADED

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1. In dwelling policies, automatic increase in insurance is (Choose from the following options) 1. Coverage for newly acquired property. 2. Coverage by endorsement. 3. Automatic coverage. 4. Coverage without additional premium. - CORRECT ANSWER 2. Coverage by endorsement. 2. Personal busines...

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Examfx Property and Casualty Exam | 93 Questions with 100% Correct Answers |GRADED

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Workers Compensation - CORRECT ANSWER Benefits required by state law to be paid to an employee by an employer in the case of injury, disability, or death as the result of an on-the-job hazard. Warranty - CORRECT ANSWER A material stipulation in the policy that if breached may void coverage. ...

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1 - ExamFX Life and Health - General Insurance Exam | 93 Questions with 100% Correct Answers |GRADED

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What two elements are necessary to a life insurance contract to have a legal purpose? - CORRECT ANSWER 1. Insurable Interest 2. Consent Insurance is a contract that protects the insured from what? - CORRECT ANSWER Loss What Type of Risk is Insurable? - CORRECT ANSWER Pure What is the term fo...

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Examfx practice test Exam | 93 Questions with 100% Correct Answers |GRADED

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The Louisiana insurance Guaranty Association Board of Directors are placed in office by - CORRECT ANSWER election and appointment States with monopolistic state workers compensation funds - CORRECT ANSWER Do not allow private insurers to be licensed to write workers compensation coverage This ...

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Fx-Property and Casualty Exam | 90 Questions with 100% Correct Answers |GRADED

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To be considered an insurable risk, a loss may NOT be - CORRECT ANSWER catastrophic Which of the following persons would be required to hold a producer license? - CORRECT ANSWER a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance?...

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