Sc pc insurance - Study guides, Class notes & Summaries

SC P&C Insurance Exam Study Guide questions and answers 2024

Abandonment - ANSWER-the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - ANSWER-Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - ANSWER-an unplanned, unforseen event which occurs suddenly and at a specific place Actual Cash Value - ANSW...

South Carolina Motor Vehicle Financial Responsibility Act Requires that all automobile drivers be able to show proof that they can pay for damages done to others up to a minimum amount if involved in an accident Required auto limits 25000/50000 for bodily injury and 25000 for property damage Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen Uninsured Motorist a driver involved in a vehicle accident who ...

SC P&C Insurance Exam Study Guide Questions and answers latest update

SC P&C Producer Exam Section 6 Auto Insurance Questions and Answers

SC P&C Producer Exam Section 6 Auto Insurance exam questions with 100% correct answers.

Ethics study of what is morally right and what is not Motivations for unethical conduct Anger lust greed peer pressure Common crimes officer commit False statements, larceny, sex offenses, battery Average experience level of officers who get in ethical dilemmas 7 years 1st phase of continuum of compromise Omission Examples of omission Ignoring traffic violations, failing to conduct follow ups, complete paperwork 2nd phase of continuum of compromise...

South Carolina Motor Vehicle Financial Responsibility Act - correct answer Requires that all automobile drivers be able to show proof that they can pay for damages done to others up to a minimum amount if involved in an accident Required auto limits - correct answer 25000/50000 for bodily injury and 25000 for property damage Uninsured Motorist - correct answer a driver involved in a vehicle accident who does not have insurance or the coverage is less than the state minimum, required by Sou...

SC P&C Producer Exam Section 6 Auto Insurance Questions With Solutions 100% Correct Auto Cancelation May cancel without cause during the first 90 days of the policy Notice of cancelation insurer must send notice with written reason for cancelation Named driver exclusion An endorsement to an auto insurance policy that provides that a policy does not cover accidents when a specifically named person is the driver. Constructive Total Loss Occurs when the cost of salvaging the cargo is too ...

SC P&C Producer Exam Section 6 Auto Insurance Questions and Answers