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Final Exam Questions Property and Casualty - NJ STATE EXAM WITH STUDY GUIDE EXAMFX Professional liability policies protect against liability resulting from A. Errors and Omissions Page 46 Mini-Tail or Extended. Page 60 B. 60 Days after expiration date Not an exclusion under auto physical damage selection. Page 28 C. Carpools Not a covered territory in the personal auto policy. Page 25 C. Mexico Which is covered under other than collision section of your auto policy. Page 26 A. Hail damage t...

Life and Health Insurance Study Guide- ExamFX An insured pays a $100 premium every month for his insurance coverage, yet the insurer promises to pay $10,000 for a covered loss. What characteristic of an insurance contract does this describe? - Aleatory: an aleatory contract means unequal amounts are exchanged between payments and benefits What is the Federal Credit Reporting Act? - Establishes procedures that consumer-reporting agencies must follow in order to ensure that records are ...

Professional liability policies protect against liability resulting from - ANSWER-A. Errors and Omissions Page 46 Mini-Tail or Extended. Page 60 - ANSWER-B. 60 Days after expiration date Not an exclusion under auto physical damage selection. Page 28 - ANSWER-C. Carpools Not a covered territory in the personal auto policy. Page 25 - ANSWER-C. Mexico Which is covered under other than collision section of your auto policy. Page 26 - ANSWER-A. Hail damage to your car Nationwide Mar...

What kind of policy issues certificates of insurance to insureds? correct answer: Group insurance (Individuals covered by group life insurance do not receive a policy, but receive a certificate of insurance from the master policy.) An applicant wants to buy a life insurance policy in which he can count on receiving the same benefits as stated in the contact. Which type should he buy? correct answer: Fixed Policy (Fixed life insurance policies offer minimum guaranteed or fixed benefits...

Life and Health Insurance Study Guide- ExamFX | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS An insured pays a $100 premium every month for his insurance coverage, yet the insurer promises to pay $10,000 for a covered loss. What characteristic of an insurance contract does this describe? - Answer -Aleatory: an aleatory contract means unequal amounts are exchanged between payments and benefits What is the Federal Credit Reporting Act? - Answer -Establishes proced...

Life and Health Insurance Study Guide- ExamFX | 100% Correct Answers | Verified | Latest 2024 Version An insured pays a $100 premium every month for his insurance coverage, yet the insurer promises to pay $10,000 for a covered loss. What characteristic of an insurance contract does this describe? - Aleatory: an aleatory contract means unequal amounts are exchanged between payments and benefits What is the Federal Credit Reporting Act? - Establishes procedures that consumer-reporting...

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Life and Health Insurance Study Guide- ExamFX | Questions with 100% Correct Answers | Latest Update 2024 | Verified