Nevada Property & Casualty ExamFx Simulation Questions And Answers With Verified Updates
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Course
Nevada Property & Casualty Simulation
Institution
Nevada Property & Casualty Simulation
when applying for an individual life insurance policy and applicant states that he went to the doctor for
nausea but fails to mention that he was also experiencing severe chest pains, this is an example of -
Concealment
A tornado that destroys property would be an example of
A. Pure Risk
B. A ...
when applying for an individual life insurance policy and applicant states that he went to the doctor for
nausea but fails to mention that he was also experiencing severe chest pains, this is an example of -
Concealment
A tornado that destroys property would be an example of
A. Pure Risk
B. A loss
C. Physical Hazard
D. A peril - D
The Gramm Leach Bliley Act was passed to - Protect private customer information filed with a
financial institution
A claim is considered to have been made
a) When notice is received and recorded by the insurer.
b) When notice is received and recorded by any insured or the insurer, whichever comes first.
c) When received in writing or telephonically by the insurer.
d) When notice is received by any insured. - B
An insured owns a building that is valued at $400,000. To comply with the 80% coinsurance provision of
his insurance policy, how much should he insure the property for?
a) 80% of the property's replacement cost or more
b) 100% of the market value
c) $400,000
d) $32,000 - A
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