Ga property casualty exam - Study guides, Class notes & Summaries

GA PROPERTY & CASUALTY QUESTIONS EXAM 2024/25

GEORGIA PROPERTY & CASUALTY GA EXAM 2024| 100+ ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS GUARANTEED A+ AT FIRST ATTEMPT A bond guaranteeing the obligation of one party to another by a third party is known as a: A. surety bond B. guarantee bond C. fiduciary bond D. municipal bond - CORRECT ANSWER: A. surety bond A building to an insured's business is severely damaged by fire. bc of the nature of the damage to the adjoining property, the insured is denied access to the business by the fire dept...

GA PROPERTY & CASUALTY INSURANCE EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Replacement cost Correct Answer: the full cost to repair damage property or replace damaged property, with property of like kind and quality, at current pricing , without deduction for depreciation Market Value Correct Answer: the price a willing buyer would pay for property purchased from a willing seller under fair market conditions. Stated Value Correct Answer: mean...

GA PROPERTY & CASUALTY QUESTIONS EXAM Questions Latest 2024 (100% Verified Solutions) 109 QsGA PROPERTY & CASUALTY QUESTIONS EXAM Questions Latest 2024 (100% Verified Solutions) 109 Qs

Georgia PROPERTY & CASUALTY QUESTIONS GA EXAM LATEST UPDATE 100+ QUESTIONS AND VERIFIED CORRECT ANSWERS GUARANTEED A+ AT FIRST ATTEMPT

GEORGIA PROPERTY & CASUALTY INSURANCE EXAM |QUESTIONS AND VERIFIED ANSWERS| 100% CORRECT| GRADE A (2024/ 2025 UPDATE) Q: Who is the insurance company? Answer: The author of the policy, issuer of the policy, and enforcer of policy Q: Cancellation Answer: Stop policy mid-term before it has the chance to expire. Both insurer and insured can cancel a policy Q: Insured cancels policy Answer: Request must be made in writing Q: Risk Answer: uncertainty of...

GEORGIA PROPERTY & CASUALTY GA EXAM 2024| 100+ ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS GUARANTEED A+ AT FIRST ATTEMPT

PROPERTY & CASUALTY QUESTIONS GA EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ The arbitration clause in a personal auto policy would be used in which of the following circumstances? A. The ins company and a pedestrian struck by the insured's auto cannot reach an agreement regarding the settlement of a claim. B. The insured and an injured 3rd party cannot reach an agreement regarding the settlement of a claim. C. The court have ruled against an ...

GEORGIA PROPERTY & CASUALTY GA EXAM 2024| 100+ ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS GUARANTEED A+ AT FIRST ATTEMPT

GA Property & casualty Insurance Exam Questions and Answers 100% Pass Replacement cost - Correct Answer ️️ -the full cost to repair damage property or replace damaged property, with property of like kind and quality, at current pricing , without deduction for depreciation Market Value - Correct Answer ️️ -the price a willing buyer would pay for property purchased from a willing seller under fair market conditions. Stated Value - Correct Answer ️️ -means that the insurer bases ...