Named driver exclusion - Study guides, Class notes & Summaries

another name for insurance agent is: principal producer broker recorder - Answer producer another name for insurer is: principal producer broker policymaker - Answer principal The Broad Form Products Coverage endorsement in commercial auto policies does which of the following? Adds property coverage Removes the defective products exclusion Adds the defective products exclusion Removes property coverage - Answer Removes the defective products exclusion All of the follow...

Claims Adjuster Exam 1 Questions and Answers Rated A+ Actual Cash Value (ACV) - Answer ️️ -Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Answer ️️ -One limit per occurrence is what we pay up to Split limit - Answer ️️ -What we pay up to per person and per occurrence Deductible - Answer ️️ -What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Answer ️️ -The basic infor...

Georgia Property & Casualty Exam Questions and Answers 100% pass Which of the following correctly describes a principal difference between a dwelling policy and a homeowners policy? A.) A dwelling policy only covers the dwelling, other structures, personal property, fair rental value, and additional living expenses. It does not cover liability. B.) Both policies are almost identical, except that the homeowners policy focuses on the more expensive homes. C.) A dwelling policy requires tha...

CPCU 553 2024 Exam Questions with Correct Answers Special Damages - Answer-form of compensatory damages for specific, identifiable losses Type of risk transfer - Answer-Insurance; Hold Harmless Agreements; Hedging Unemployment Compensation Program - Answer-sponsored by all states; 2/3 of all previous income Six approaches to compensation of auto victimes - Answer-Tort Liability; Financial Responsibility Laws; Compulsory Insurance Laws; Uninsured Motorists Coverage; Underinsured Motor...

NC Claims Adjuster Exam 1 Questions and Verified Solutions Latest Update Actual Cash Value (ACV) - Answer -Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Answer -One limit per occurrence is what we pay up to Split limit - Answer -What we pay up to per person and per occurrence Deductible - Answer -What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Answer -The basic information about a ...

South Carolina Motor Vehicle Financial Responsibility Act - correct answer Requires that all automobile drivers be able to show proof that they can pay for damages done to others up to a minimum amount if involved in an accident Required auto limits - correct answer 25000/50000 for bodily injury and 25000 for property damage Uninsured Motorist - correct answer a driver involved in a vehicle accident who does not have insurance or the coverage is less than the state minimum, required by Sou...

Claims Adjuster Exam 1 Questions and Answers 100% Pass Actual Cash Value (ACV) - Correct Answer️️ -Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Correct Answer️️ -One limit per occurrence is what we pay up to Split limit - Correct Answer️️ -What we pay up to per person and per occurrence Deductible - Correct Answer️️ -What the customer will have to pay; we cover everything else Declarations Page (Dec Page) -...

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 state provided for a temporary licenses for all of the following EXCEPT -Correct Answer A producer's retirement Which of the following producers will be required to complete continuing education h...

CPCU 553 Exam Questions and Answers All Correct The personal auto policy (PAP) definition of your covered auto includes - Answer-Any vehicle shown in the dec pg, a newly acquired auto, any trailer owned by the named insured, and a temp auto or trailer Regarding the PAP which one of the following includes details on coverage related to state specific laws and regulations - Answer-endorsements An example of an uninsured motor vehicle under the PAP is - Answer-a vehicle which is insured b...

Actual Cash Value (ACV) - Answer Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Answer One limit per occurrence is what we pay up to Split limit - Answer What we pay up to per person and per occurrence Deductible - Answer What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Answer The basic information about a policy: Who - names of insurer and insured What - description of insure...