Nevada property - Study guides, Class notes & Summaries

NEVADA PROPERTY AND CASUALTY EXAM LATEST ACTUAL EXAM 2025 QUESTIONS AND DETAILED CORRECT ANSWERS (VERIFIED ANSWERS) | A+ GRADE GUARANTEED PASS

Key Realty Exam Questions + Answers 100% Solved What is the smallest saleable portion of a Nevada subdivision called: - Answer- Unit Which of the following are required of deeds to be enforceable: - Answer- must have the grantors signature Personal property could be: - Answer- emblements: aka crops Real property is: - Answer- transferred by deed What is it called when the government gives a parcel of real property back to a private citizen: - Answer- Cloud? A chain of title: - Answer- Li...

A unique feature in a bailee form is that it covers A. A loss that has no exclusions B. The building occupied by the insured whether it is owned or leased C. Customers property whether or not the insured has been negligent D. Fire and theft losses to the insured stock held for sale without any deductibles. C What is a certificate of insurance A. Written document allowing the insured to inspect the insured's books B. A written document showing to types and amounts of insurance that have...

A insurance binder is effective for no more than 90 Days Mr. Underwood gave his agent a down payment for the purchase of a business insurance policy. The insurance company issued a policy that promises to pay Mr. Underwood under terms and conditions stated in the policy. What specific term is used to refer to Mr. Underwood's payment and the insurance company's promise to pay? Consideration Which of the following structures is not eligible for flood insurance? A. Anita's mobile home ...

Abandonment Condition states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Absolute Liability Imposed by law on those participating in certain activities that are considered especially hazardous; a person involved in such matters may be considered liable even if they weren't negligent. Accident A loss that occurs at a specific time and place Accounts receivable insurance Filed commercial inland marine from that insur...

risk correct answers Uncertainty of loss insurance correct answers the transfer of RISK pure risk correct answers lose or have no change - insurable speculative risk correct answers NOT insurable. possibility to lose or gain hazard correct answers something that increases risk indemnity correct answers a payment for damage or loss; purpose is to restore the insured to where they were prior to their loss. tort correct answers A civil wrong representation correct answers a sub...

A unique feature in a bailee form is that it covers A. A loss that has no exclusions B. The building occupied by the insured whether it is owned or leased C. Customers property whether or not the insured has been negligent D. Fire and theft losses to the insured stock held for sale without any deductibles. - C What is a certificate of insurance A. Written document allowing the insured to inspect the insured's books B. A written document showing to types and amounts of insurance that have...

A unique feature in a bailee form is that it covers A. A loss that has no exclusions B. The building occupied by the insured whether it is owned or leased C. Customers property whether or not the insured has been negligent D. Fire and theft losses to the insured stock held for sale without any deductibles. correct answers C What is a certificate of insurance A. Written document allowing the insured to inspect the insured's books B. A written document showing to types and amounts of i...

A insurance binder is effective for no more than - 90 Days Mr. Underwood gave his agent a down payment for the purchase of a business insurance policy. The insurance company issued a policy that promises to pay Mr. Underwood under terms and conditions stated in the policy. What specific term is used to refer to Mr. Underwood's payment and the insurance company's promise to pay? - Consideration Which of the following structures is not eligible for flood insurance? A. Anita's mobile home ...

Nevada Property & Casualty Exam Verified Answers Agreed value ️️Property policy with a provision agreed upon by the insurer and insured as to the amount of insurance that represents a fair valuation for the property at the time the insurance is written. At the time of a loss, the policy pays the agreed value as specific on the policy schedule, regardless of the insured property's appreciation or depreciaion. Describe the key components of a Nevada property and casualty insurance...