What is a modular policy Study guides, Class notes & Summaries
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![AINS 24 | 351 Question with 100 % Verified Solutions | Verified& Updated 2024 | Already Passed](/docpics/4820931/65ff20da7a790_4820931_121_171.jpeg)
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AINS 24 | 351 Question with 100 % Verified Solutions | Verified& Updated 2024 | Already Passed
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Major roles of insurance - Risk management to deal with loss exposures; transfer system of 
financial loss from insured to insurer; business sufficient to pay claims and provide profit; 
contract between insured and insurer 
What are risk management techniques? - Loss prevention; loss reduction; risk transfer; loss 
avoidance 
Define Insurance Policy - A contract that states the rights and duties of both the insured and 
the insurer regarding the transfer and costs of losses. 
Define Exposure Un...
![CALIFORNIA COMMERCIAL INSURANCE EXAM](/docpics/5133644/662ea43ab9c77_5133644_121_171.jpeg)
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CALIFORNIA COMMERCIAL INSURANCE EXAM
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CALIFORNIA COMMERCIAL INSURANCE EXAM 
What is a Modular Policy? - Answer- A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. 
 
What is a Commercial Package Policy (CPP)? - Answer- A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. 
 
What must a CPP policy consist of? - Answer- A Declaration Page (stating premium charges and coverage limits) 
A Policy Conditions...
![California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024.](/docpics/5107352/662aaeca6a9cc_5107352_121_171.jpeg)
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California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024.
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California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024. 
What is a Modular Policy? - ANSWER-A modular policy is a policy consisting of several 
different documents, none of which by itself forms a complete contract. 
What is a Commercial Package Policy (CPP)? - ANSWER-A Commercial Package 
Policy is a modular policy that combines different forms and more than one line of 
coverage. 
What must a CPP policy consist of? - ANSWER-A Declaration Page (stating premium 
cha...
![California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024.](/docpics/5111138/662b398667ee9_5111138_121_171.jpeg)
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California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024.
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California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024. 
What is a Modular Policy? - ANSWER-A modular policy is a policy consisting of several 
different documents, none of which by itself forms a complete contract. 
What is a Commercial Package Policy (CPP)? - ANSWER-A Commercial Package 
Policy is a modular policy that combines different forms and more than one line of 
coverage. 
What must a CPP policy consist of? - ANSWER-A Declaration Page (stating premium 
cha...
![IS-200.C: Basic Incident Command System for Initial Response Test.](/docpics/636d73ed47e0a_2097202.jpg)
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IS-200.C: Basic Incident Command System for Initial Response Test.
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IS-200.C: Basic Incident Command System for Initial Response Test. 
 
_______ major components make up the NIMS systems approach. 
 
Command and Management. NIMS standard incident command structures are based on three key organizational systems: 
 
. ______ defines the operating characteristics, interactive management components, and structure of incident management and emergency response organizations engaged throughout the life cycle of an incident. 
 
________________, These systems define ...
![Pennsylvania Real Estate Exam (Test Questions from Temple Course) Questions with 100% Correct Answers | Verified | Latest Update 2024 | 63 Pages](/docpics/3995086/6574c13369385_3995086_121_171.jpeg)
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Pennsylvania Real Estate Exam (Test Questions from Temple Course) Questions with 100% Correct Answers | Verified | Latest Update 2024 | 63 Pages
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What type of insurance policy must always be purchased separately and not as part of a homeowners' 
policy? 
A)Flood 
B)Liability 
C)Earthquake 
D)Falling objects - A) The answer is FLOOD. Flood insurance is always a separate policy and only 
covers damage due to flooding. The Federal Emergency Management Agency (FEMA) administers the 
National Flood Insurance Program (NFIP). 
A building that is remodeled into residential units and no longer used for the purpose for which it was 
originally bui...
![California Commercial Insurance 59 Exam Questions and Answers New Year Update 2024 Solved 100%](/docpics/4499721/65cc6fc170520_4499721_121_171.jpeg)
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California Commercial Insurance 59 Exam Questions and Answers New Year Update 2024 Solved 100%
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What is a Modular Policy? - ️️A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. 
 
What is a Commercial Package Policy (CPP)? - ️️A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. 
 
What must a CPP policy consist of? - ️️A Declaration Page (stating premium charges and coverage limits) 
A Policy Conditions (six conditions that apply to the entire co...
![California Commercial Insurance Exam Questions and Answers 100% Pass](/docpics/5550822/6660cfd05eb83_5550822_121_171.jpeg)
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California Commercial Insurance Exam Questions and Answers 100% Pass
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California Commercial Insurance Exam 
Questions and Answers 100% Pass 
What is a Modular Policy? - Correct Answer ️️ -A modular policy is a policy consisting 
of several different documents, none of which by itself forms a complete contract. 
What is a Commercial Package Policy (CPP)? - Correct Answer ️️ -A Commercial 
Package Policy is a modular policy that combines different forms and more than one 
line of coverage. 
What must a CPP policy consist of? - Correct Answer ️️ -A Declar...
![Property and Casualty Exam Questions and Answers Already Passed](/docpics/4885000/660a4d842111e_4885000_121_171.jpeg)
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Property and Casualty Exam Questions and Answers Already Passed
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Property and Casualty Exam Questions 
 
and Answers Already Passed 
 
the one basic characteristic of any type of insurance is that the insured is returned to the same 
status that existed prior to the loss, but without a chance for gain or profit true 
 
which of the following coverages does an open peril policy provide? perils other than those 
specifically named as being excluded 
 
determine the actual cash value in the following situation: original price of office equiptment 
when purchased...
![Test Bank for Leadership Roles and Management Functions in Nursing 9th Edition by Bessie L Marquis & Carol Huston](/docpics/1942653/6525a0dbe390c_1942653_121_171.jpeg)
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Test Bank for Leadership Roles and Management Functions in Nursing 9th Edition by Bessie L Marquis & Carol Huston
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Test Bank for Leadership Roles and Management Functions in Nursing 9th Edition by Bessie L Marquis & Carol Huston : Unit I: The Critical Triad: Decision Making, Management, and Leadership 1 Decision Mak ng, Problem Solving, Critical Thinking, and Clinical Reasoning: Requisites for Successful Le adership and Management Introduction Decision Making, Problem Solving, Critical Thinking, and Clinical Reasoning Vicarious Learning to Increase Problem-Solving and Decision-Making Skills Case Studies, Si...
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