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Personal Lines- Arkansas Unit 3 Questions And Answers With Verified Solutions Already Passed!!!
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Personal Lines- Arkansas Unit 3 Questions And Answers With Verified Solutions Already Passed!!!
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Personal Lines- Arkansas Unit 3Questions And Answers With Verified
Solutions Already Passed!!!
Which insurance covers personal belongings, loss caused by covered peril, and
first party losses? - ANSWERS✔✔Property Insurance
Casualty Insurance - ANSWERS✔✔insurance that covers for losses due to
accident, chance, or negligence
Casualty= _____ - ANSWERS✔✔Liability
Third Party Losses - ANSWERS✔✔First Party - (me) insured
Second Party- my insurer
Third Party- other guy
Policy Sections (DICEE) - ANSWERS✔✔Declarations
Insurance Agreements
Conditions
Endorsement
Exclusions
Declarations - ANSWERS✔✔who, what, when, where, and how much
Insuring Agreement - ANSWERS✔✔promise to pay and perils covered
, Conditions - ANSWERS✔✔rules for the policy
Endorsement - ANSWERS✔✔changes to original policy
Exclusions are ____ _______ - ANSWERS✔✔not covered
Payment for additional expenses that are not normally covered and may have a
separate limit of insurance refers to - ANSWERS✔✔Additional/Supplementary
coverage
Insured that are in the declarations - ANSWERS✔✔name insured
insured first in the declarations - ANSWERS✔✔first name insured
insured that are added by endorsement - ANSWERS✔✔additional insured
When the policy begins and ends refers to - ANSWERS✔✔policy period
Where a loss must occur refers to - ANSWERS✔✔Policy territory
_____ occurs before the policy expiration date - ANSWERS✔✔cancellation
____ occurs at the expiration date - ANSWERS✔✔non-renewal
The amount of the loss paid by the insured is - ANSWERS✔✔deductible
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