Bail bonds part 3 - Study guides, Class notes & Summaries

Which kind of losses are covered under a standard fire policy? Direct All fires are not covered by the Standard Fire policies, only those that: are hostile and have a flame or glow At what time does a fire policy go into affect? 12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of damage. What is the maximum amount the insured may collect under each policy? $5,00...

Fx-Property and Casualty Exam With Complete Solution A Pass To be considered an insurable risk, a loss may NOT be - catastrophic Which of the following persons would be required to hold a producer license? - a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? - ocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? - the difference in the actu...

Insuring Agreement - ANSWER-company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions - ANSWER-what the policy will not pay for Definitions - ANSWER-names of the persons insured in addition to the named insured are listed here, along with any other (blank) of terms in the policy Additional Coverage - ANSWER-coverages under a policy that are provided by the insurer at no extra cost Casualty Policies - ANSWER-defense costs over and a...

Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM coverage pay? a) $125,000 b) $75,000 c) $50,000 d) $25,000 - Answer c) $50,000 Underinsured motorist coverage acts as excess over the at-fault motorist's coverage. It will pay the differe...

CISR-Personal Auto Exposures Exam 24 Questions with Answers vehicle ownership - CORRECT ANSWER 1. Individuals who are related and live in the same household 2. Joint ownership with one owner living outside household 3. individuals who are not related and live in the same household 4. vehicles owned by a trust where the grantor/trustee is an individual, individual and spouse Vehicle and vehicle usage - CORRECT ANSWER Private passenger autos which include pickups or vans; 1. auto is 4-w...

Net worth - answer-Assets (own) - Liabilities (owe) = Net Worth Personal finance plan - answer-Reasons to develop a __________: - Achieve your financial goals - Achieve financial independence - Invest intelligently - Minimize your payments to Uncle Sam - Cover your assets The Personal Financial Planning Process - answer-Step 1: Awareness and Setting Financial Goals Step 2: Creating and Activating Plans Step 3: Evaluating and Revising Plans: Moving forward Step 1: Awareness ...

Commercial Casualty II – CISR Exam 121 Questions with Answers In BAP what does liability section provide protection from claims for? - CORRECT ANSWER Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? - CORRECT ANSWER provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? - CORRECT ANSWER Medical payments personal injury protecti...

Insuring Agreement - ANSWER-company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions - ANSWER-what the policy will not pay for Definitions - ANSWER-names of the persons insured in addition to the named insured are listed here, along with any other (blank) of terms in the policy Additional Coverage - ANSWER-coverages under a policy that are provided by the insurer at no extra cost Casualty Policies - ANSWER-defense costs over and a...

Bail Bondsman Test Part 1 Questions and Answers | Verified & Updated | 100% Correct Bail Bond Angent - Answer ️️ -A surety Agent or an agent of a property bail bondsman who is duly licensed pursuant to the provisions of sections 374.695 to 374.789, is employed by and is working under the authority of a licensed general bail bond agent. Bail Bond or Appearense Bond - Answer ️️ -A bond for a specified monteary amount which is executed by the defendant and a qualified licensee pursua...

ACV - Correct answer-Actual Cash Value ALE - Correct answer-Additional Living Expense CE - Correct answer-Continuing Education CGL - Correct answer-Commercial General Liability CIM - Correct answer-Commercial Inland Marine COM - Correct answer-Commercial Ocean Marine CPP - Correct answer-Commercial Property Policy DTPA - Correct answer-Deceptive Trade Practices Act HO - Correct answer-Home Owners IA - Correct answer-Independent Adjuster NI - Correct answer-Name Insured NOL - Correct a...