Arkansas property - Study guides, Class notes & Summaries

Arkansas Property and Casualty Insurance ExamCustomer's property whether or not the insured has been negligent An unique feature in a bailee form is that it covers intentional tort Which of the following would NOT be covered by HO liability insurance? 6 Ways to Show Appreciation for Your Child's Teacher Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:37 / 0:54 Full screen 30 days The mail coverage form is always written on a reporting form basis;...

Arkansas Property and Casualty ExamNationwide marine insurance - correct answer . All property must contain an element of transportation to be eligible under inland marine coverage forms. Specifically, it must be in transit, be moveable, bear a relationship to transportation or communication, or be held in the possession of a bailee, who is someone other than the property owner. The Nationwide Marine Definition defines 6 broad classes of property that may be insured under marine contracts. Th...

Arkansas Property and Casualty Insurance Exam Customer's property whether or not the insured has been negligent An unique feature in a bailee form is that it covers intentional tort Which of the following would NOT be covered by HO liability insurance? 6 Ways to Show Appreciation for Your Child's Teacher Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:37 / 0:54 Full screen 30 days The mail coverage form is always written on a reporting form basi...

Arkansas Property and CasualtyPure Risk PART 1 - correct answer Loss only no financial gain, insurable Speculative Risk - correct answer A chance of loss, no loss, or gain. Ex: Gambling Hazard - correct answer Something that increases the chance of loss Physical Hazard - correct answer individual characteristics that increases the frequency or severity of loss EX. Smoking Moral Hazard - correct answer Individuals moral or ethical code. EX. Lying on the application Morale Hazard -...

Arkansas Property and Casualty ExamPersonal Auto Policy - correct answer Part A: Liability Coverage Part B: Medical Payments Coverage Part C: Uninsured Motorists Coverage Part D: Coverage for Damage to Your Auto Part E: Duties After an Accident or Loss Part F: General Provisions You and Your - correct answer The named insured listed in the declarations, and the spouse if a resident of the same household. The named insured should always be the person or persons to whom the vehicle is titl...

Arkansas Property & Casualty Accident - correct answer A sudden & unexpected event which occurs at a specific time & place. In easy-to-read policies, also includes loss which occurs over a period of time. Actual Cash Value (ACV) - correct answer The cost to replace an item of property at the time of loss, less an allowance for depreciation. Often used to determine amount of reimbursement for a loss. Additional Living Expense - correct answer A Coverage designed to reimburse the insured fo...

Arkansas Property and Casualty License ExamThe National Association of Insurance Commissioners (NAIC) - correct answer Consists of all State and territorial insurance commissioners or regulators. The NAIC provides resources, research, legislative and regulatory recommendations and interpretations for state insurance regulators. The NAIC has no legal authority to enact or enforce insurance laws. The Federal Insurance Office (FIO) - correct answer This office monitors the insurance industry ...

ARKANSAS PROPERTY AND CASUALTY INSURANCE EXAM 2024 ACTUAL EXAM COMPLETE 250 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+

Arkansas Property and Casualty Exam Nationwide marine insurance - correct answer . All property must contain an element of transportation to be eligible under inland marine coverage forms. Specifically, it must be in transit, be moveable, bear a relationship to transportation or communication, or be held in the possession of a bailee, who is someone other than the property owner. The Nationwide Marine Definition defines 6 broad classes of property that may be insured under marine contracts. ...

Arkansas Property and Casualty License Study Guide | Questions with 100% Correct Answers | Verified | Latest Update 2024