Declarations Study guides, Class notes & Summaries
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Indiana Notary Public Questions and Answers Already Passed
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Indiana Notary Public Questions and Answers Already Passed What is a notary public? A public official authorized to attest to the authenticity of signatures. 
What are the four basic components of a notary public? law abiding, bonded, impartial, public official. 
What are a notary's key functions? To acknowledge and witness the signing of documents and administer oaths and affirmations related to the signing of important documents. 
How much of a bond do you have to have before receiving IN Not...
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Florida 3-20 Public Adjusters State Exam (Set 1)| 140 QUESTIONS| 11 PAGES
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The insurer and insured agree to a specific value of insured item Correct Answer: Agreed Value Policies 
 
Someone who has care, custody or control of another's property Correct Answer: Bailee 
 
Claim filed by policy holder against his _ Correct Answer: First Party Claim 
 
When a person who entrusts another with an object and it results in injury to someone can be held liable for the injury to someone. Can be held liable for the injury i.e. Firearm or DWI Correct Answer: Negligent Entrust...
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CIP C13 - CH09 - DECLARATIONS PAGE; MISC LIABILITY COVERAGES
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CIP C13 - CH09 - DECLARATIONS PAGE; MISC LIABILITY COVERAGES
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NEW HAMPSHIRE ADJUSTER EXAM PREP: SERIES 12-75 QUESTIONS WITH CORRECT UPDATED ANSWERS GRADED A++
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NEW HAMPSHIRE ADJUSTER EXAM PREP: SERIES 12-75 QUESTIONS WITH CORRECT UPDATED ANSWERS GRADED A++ 
 
 
Which of the following best defines "insured"? 
 
A. Transfer of the risk of financial loss from one party to another 
B. A legally binding contract in which the insurance company agrees to pay for specified losses in exchange for premiums 
C. An individual or organization that pays premiums in exchange for financial protection 
D. A company, group, or government agency offering financial prot...
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IAAP CPACC Certification Declarations, Standards, Laws, and Management Strategies (ANSWERS) 2024 - DISTINCTION GUARANTEED / Complete Verified Latest Version
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IAAP CPACC Certification Declarations, Standards, Laws, and Management Strategies (ANSWERS) 2024 - DISTINCTION GUARANTEED / Complete Verified Latest Version
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CIP C13 - CH09 - DECLARATIONS PAGE; MISC LIABILITY COVERAGES
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CIP C13 - CH09 - DECLARATIONS PAGE; 
MISC LIABILITY COVERAGES
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USAA Licensing Exam Verified Questions And Answers 2024
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Insurance - Transfer of risk from one person or organization to an insurance company 
 
Indemnity - The principle to restore the insured to the pre-loss economic or financial condition. 
 
Law of Large numbers - Mathematical principle used by insurers to predict losses to charge the appropriate premiums 
 
Insurable Interest - Proof that someone stands to lose financially if a loss occurs; must exist at the time of the loss in property and casualty insurance 
 
Binder - Temporary insurance contr...
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Florida Insurance Customer Service Rep 4-40 Exam Questions with 100% Correct Answers
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How can Insurance companies can afford to pay for an individual's catastrophic loss? Correct Answer The premiums from all policyholders are pooled together. 
 
What information is found on the Declarations page? Correct Answer contains the make and model of the covered vehicle described 
 
Steven was denied coverage, a jury decieded in his favor. Why are insurance policies considered "Contracts of Adhesion"? Correct Answer Policy language is open to legal interpretation. 
 
Susan is a Doctor,...
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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...
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Adjuster Pro - Insurance adjuster test latest 2023 already passed
- Exam (elaborations) • 31 pages • 2023
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Adjuster Pro - Insurance adjuster test latest 2023 already passed What is insurance? protection against financial loss 
what is a premium a scheduled amount to be paid for an insurance policy. 
What are premiums used for premiums are collected into a "pool" or "reserve to pay out claimants when needed. 
how can insurance companies afford to pay for an individuals catastrophic loss? the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. 
what is Ind...
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