Split limit - Study guides, Class notes & Summaries

alifornia property and casualty exam questions and answers graded A The process where by a mutul insurer becomes a stock company is called Demutalization The process whereby a stock company a mutal insurer is called Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is Valuation clause The part of the policy that states the amout of coverage the insured property policy period is Declaration Part of the policy that establ...

Consequential also known as Indirect Loss CORRECT ANS an insured's business is damaged because of a fire and he is forced to close business temporarily for repairs. As a result, the insured lost income. What type of loss is this? Combined Single CORRECT ANS The insured crashes into a porch and the person sitting on the porch. The person on the porch is injured. The insured's insurance policy has a limit set at $500,000. This amount applies to the total of damages for any bodily injury and prop...

What is the primary purpose of most constitutions? correct answers to define and limit government power Under which type of government would state or provincial governments have the most sovereignty? correct answers confederal Imagine you are preparing a speech on social contract theory for your government class. As part of your speech, you need to focus on the idea that people have the authority to overthrow a government that has become tyrannical. Which Enlightenment text would be good s...

Which of the following policies does NOT contain an automatic reinstatement provision? a) Business automobile liability b) Personal automobile liability with split limits c) Homeowners d) General liability written with an aggregate limit - General Liability written with an aggregate limit The ABC Corporation has $100,000 of coverage on its building through insurance Company A, and $50,000 of identical coverage on the same building through insurance Company B. Assuming coinsurance is not a...

6 loss valuation methods actual cash value, replacement value, functional replacement value, market value, stated amount, agreed value waiver & estoppel a person has given up a known or legal right Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen 4 components of a legal contract agreement, consideration, competent parties, legal purpose 6 classes of insurers authorized(admitted), unauthorized(n...

TEST BANK FOR TIETZ FUNDAMENTALS OF CLINICAL CHEMISTRY AND MOLECULAR DIAGNOSTICS 7TH EDITION BY BURTIS Table of Contents PREFACE ............................................................................................................................................... 2 Chapter 01: Clinical Chemistry, Molecular Diagnostics, and Laboratory Medicine ...................... 2 Chapter 02: Selection and Analytical Evaluation of Methods With Statistical Techniques .......... 5 Chapter 03: Clinical...

2024 GEORGIA ADJUSTER EXAM WITH 100% VERIFIED ANSWERS GRADED A+ Consequential also known as Indirect Loss An insured's business is damaged because of a fire and he is forced to close business temporarily for repairs. As a result of the insured lost income. What type of loss is this? Combined Single The insured crashes into a porch and the person sitting on the porch. The person on the porch is injured. The insured's insurance policy has a limit set at $500,000. This amount applies to ...

Actual Cash Value (ACV) - ANSWER Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - ANSWER One limit per occurrence is what we pay up to Split limit - ANSWER What we pay up to per person and per occurrence Deductible - ANSWER What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - ANSWER The basic information about a policy: Who - names of insurer and insured What - description of insured prope...

Texas Adjuster All Lines Exam Questions & Answers 2024/2025 If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - ANSWERS$30,000 Which of the following statements best describes an inland marine policy? - ANSWERSPertains to Cargo with no fixed location Alex is traveling through College Station and hits a deer, and the damages are $1500. He has comprehensive coverage...