Broad collision - Study guides, Class notes & Summaries

50% rule - you cannot recover if you are 50% or more at fault 51% rule - you cannot recover if you are 51% or more at fault additional coverages under Section I - debris removal of damaged property, reasonable repairs, trees and other plants, fire department service charge, unauthorized credit card use, loss assessment, collapse, ordinance or law, graves markers or landlord's furnishings appraisal - used when insured and insurer agree that loss is covered but disagree as to loss amount a...

Idaho Property & Casualty Exam Prep final questions and answers Which of the following statements is false with respect to requirements for rates? A) Rates may not be inadequate B) A purpose of the rate regulation is to diminish competition between insurers C) Rates may not be unfairly discriminatory D) A purpose of the rate regulation is to regulate cooperative action among insurers - B The Businessowners Coverage Form to the Businessowners Policy provides coverage on which of the f...

California property and casualty exam, Pool Questions & Answers. Verified. Rated 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 - Declara...

Which of the following is an exogenic process? - weathering Which of the following is an endogenic process? - volcanism Uniformitarianism assumes that - the same physical processes we see today are a key to understanding the processes that have been operating throughout geologic time Which of the following is CORRECT regarding the geologic time scale? - The bulk of Earth's history has occurred during the Precambrian eon. Which of the following is NOT a criteria to be classified as a mine...

NY Independent General Adjuster Exam - Series 17-70 Questions and Answers Rated A Dram Shop Liability refers to: Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? Neglect. To be eligible for the New York assigned risk auto plan a person must: Hold a valid driver's license. Any insurance a...

Assignment Correct Answer The transfer of a policy to another party. Often done when commercial property is sold to a new owner. Building & Personal Property (BPP) Correct Answer The commercial property policy for larger businesses. Business Income Policy Correct Answer A commercial policy covering the indirect loss of income following a loss. Cancellation Correct Answer Termination of a policy during the policy period. Casualty Insurance Correct Answer A broad term which includes al...

The settlement of an insurance claims dispute by the use of a neutral third party or parties Appraisal The transfer of a policy to another party. Often done when commercial property is sold to a new owner. Assignment Property insurance that insures against a list of 11 perils (the number may vary depending on the insurer) Basic Form An agreement by a producer to provide temporary property or liability coverage, usually while waiting for the customer to complete an applica...

ACA Final Exam questions and answers well elaborated At the end of this course, you must do which of the following? Pass the final course exam with a scored of 70% or higher Print your certificate from this website Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at All of the above All of the above Which of the following is NOT one of the duties of the Department of Financial Services? License adjusters Set rates and writ...

Binder - Temporary insurance Usually given by the agent—verbal or in writing Can be canceled by the company Does not guarantee a policy will be issued Automatically ends if a policy is issued by the underwriter Assigned risk plans - A plan through which people can buy insurance if they are unable to purchase insurance in the regular or voluntary market, because of their high risk or other factors. An insurer who terminates an appointment, employment, or other relationship of an agent mu...

TEXAS ALL LINES ADJUSTER COMPREHENSIVE TEST 2023/2024 NEW UPDATE!! (QUESTIONS AND VERIFIED ANSWERS) 100% CORRECT ANSWERS 1. An insured is covered under a Commercial Property policy with the special cause of loss form attached. The insured suffers a loss to some valuable papers and records pertinent to his business. Which of the following statements is correct about how this loss will be covered? ~ Answer: It will be covered if the loss was caused by one of the broad form perils. ...