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[Show more]To be considered an insurable risk, a loss may NOT be - ans-catastrophic 
 
Which of the following persons would be required to hold a producer license? - ans-a nonresident agent who negotiates insurance contracts 
 
Which of the following is the oldest known type of insurance? - ans-ocean mar...
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Add to cartTo be considered an insurable risk, a loss may NOT be - ans-catastrophic 
 
Which of the following persons would be required to hold a producer license? - ans-a nonresident agent who negotiates insurance contracts 
 
Which of the following is the oldest known type of insurance? - ans-ocean mar...
What phase begins after a new policy is delivered? - ans-Free look period 
 
In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this descri...
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Add to cartWhat phase begins after a new policy is delivered? - ans-Free look period 
 
In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this descri...
The causes of loss insured against in an insurance policy are known as - ans-Perils 
 
Before an insurer will pay any loss under a policy, what is usually required from the insured? - ans-Proof of loss 
 
An insured works outside the home. The insured's sister lives with him and cares for his...
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Add to cartThe causes of loss insured against in an insurance policy are known as - ans-Perils 
 
Before an insurer will pay any loss under a policy, what is usually required from the insured? - ans-Proof of loss 
 
An insured works outside the home. The insured's sister lives with him and cares for his...
Agent/Producer - ans-A legal representative of an insurance company 
 
Broker - ans-An insurance producer not appointed by an insurer and whom represents the client 
 
Insured - ans-A person covered by an insurance policy 
 
Insurance policy - ans-A legal contract between a policyowner (and/...
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Add to cartAgent/Producer - ans-A legal representative of an insurance company 
 
Broker - ans-An insurance producer not appointed by an insurer and whom represents the client 
 
Insured - ans-A person covered by an insurance policy 
 
Insurance policy - ans-A legal contract between a policyowner (and/...
What phase begins after a new policy is delivered? - ans-Free look period 
 
In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this descri...
Preview 2 out of 12 pages
Add to cartWhat phase begins after a new policy is delivered? - ans-Free look period 
 
In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this descri...
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