State farm casualty - Study guides, Class notes & Summaries

State Farm - Overall Exam Colorado Property and Casualty with complete solution

State Farm Casualty Exam 2023-2024 Questions & Answers (Solved) State Farm Auto Adjuster Certification State Farm Auto Exam State Farm Casualty Exam State Farm Estimatics Exam State Farm Exam State Farm Fire Independent Policy Exam State Farm Management State Farm Property Exam State Farm Vocabulary Exam

State Farm Casualty Exam | Questions with Verified Answers| 2023/2024 1. An insured is involved in an auto accident in another state. The state has a financial responsibility law that specifies limits of liability higher than the limits shown on the declarations. What amount will the insured policy pay? ~ Answer: Higher limits 2. A bond is written for a set limit, and the surety will be liable only for this amount of the limit. The limit is know as ~ Answer: Penalty 3....

State Farm Casualty Test | Questions and Answers 2023 Graded 100%. Damage due to wear and tear, freezing, mechanical or electrical break down, and road damage to tires is a common exclusion to the physical damage coverage section. The risk of loss may be classified as - ANSWER-pure risk and speculative risk What is an insuring agreemet? - ANSWER-insurance company's promise to pay What is additional supplementary coverage - ANSWER-additional amount of coverage for specific losses An insur...

STATE FARM CASUALTY TEST RATED 100% CORRECT

State farm casualty| Questions with 100% Correct Answers

State Farm Casualty Exam Questions with correct Answers 2023 Graded A+. To be issued a business entity producer license by the commissioner the business entity must have how many partners or officers licensed as producers - ANSWER-at least 1 The occurrence form trigger is based on which of the following? - ANSWER-the date where injury and damage occur How are surety bonds different from insurance? - ANSWER-Surety bonds guarantee specific duties or obligations will be fulfilled and insuranc...

NJ PSI Property and Casualty Exam with 100% Correct Answers 2023 The Mobile Home Endorsement of a Homeowners policy affords coverage to mobile homes under the? A. HO-1 (Basic Form) B. HO-2 (Broad Form) C. HO-3 (Special Form) D. HO-2 or HO-3 (Broad and Special) - Correct Answer-D. HO-2 or HO-3 (Broad and Special) All of the following are eligible for coverage under Homeowners policy except? A. A condominium unit owner. B. A farm owner. C. A mobile home owner. D. A tenant in an apartm...

To be issued a business entity producer license by the commissioner the business entity must have how many partners or officers licensed as producers atleast 1 The occurence form trigger is based on which of the following? the date where injury and damage occur How are surety bonds different from insurance? Surety bonds guarantee specific duties or obligations will be fulfilled and insurance pays for losses What is the deductible of a personal liability umbrella policy called? The SIR - s...