Civil commotion - Study guides, Class notes & Summaries

CIP C12 Property - Chapter 1 Latest Update Graded A+ Contracts made in province Signed, countersigned, issued or delivered in the province / committed to the post office / to any carrier, messenger or agent / to be delivered or handed over to the insured or insured's assign or agent in the province. Fire Insurance Insurance against loss of or damage to property through fire, lightening or explosion of coal or gas. Terms of insurance contracts are governed by the Civil Code of Que...

An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of an earthquake, mudslide, landslide, or sinkhole. - correct answer an Earth movement exclusion An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of the fact that the individual did not maintain the property. - correct answer Neglect exclusion Which Home Owner's form covers damage to a condo owner's ...

CIC Commercial Property Causes of loss forms ch 2 Exam 2.1 Given a loss situation, determine whether or not a loss is covered by the Basic, Broad, or Special Causes of Loss Forms and give reasons for your answer - Answer ️️ Basic Form CP1010 Broad Form* FLEWSARV LSV Fire* Lightning* Explosion* Windstorm or Hail* Smoke* Aircraft or Vehicles* Riot or Civil Commotion* Vandalism* Sprinkler Leakage* Sinkhole Collapse* Volcanic Action 2. Apply the exclusions of the Cause of Loss -...

6 loss valuation methods - correct answer actual cash value, replacement value, functional replacement value, market value, stated amount, agreed value waiver & estoppel - correct answer a person has given up a known or legal right 4 components of a legal contract - correct answer agreement, consideration, competent parties, legal purpose 6 classes of insurers - correct answer authorized(admitted), unauthorized(nonadmitted), domestic, foreign, alien, independent rating services 5 mar...

Michigan P & C Insurance Exam Test. Questions and answers. 100% Verified. Rated A Termination of Insurance for auto and home must be sent to last know address no later than - 30 days before cancellation Termination of casualty insurance cannot take place until- from the mailing date - 10 days PIP in auto insurance covers individual care from a family member for - a limit of $20 a day for three years limited collision - shall pay for collision damage to the insured vehicle without a...

6 loss valuation methods -ANSWERS actual cash value, replacement value, functional replacement value, market value, stated amount, agreed value waiver & estoppel -ANSWERS a person has given up a known or legal right 4 components of a legal contract -ANSWERS agreement, consideration, competent parties, legal purpose 6 classes of insurers -ANSWERS authorized(admitted), unauthorized(nonadmitted), domestic, foreign, alien, independent rating services 5 marketing distribution systems -ANS...

What are the penalties for violating the Fair Credit Reporting Act? $5,000, Imprisonment for 1 year or both How long to give notice to client about credit report? 3 days after report is requested TRIPRA defines terrorism as... A violent act or an act that is dangerous to human life, property or infrastructure that results in damage in or outside the US committed by domestic or foreign terrorists. TRIPRA Regulations Triggering event to go into effect $200 million Insurance carrier's deducti...

6 loss valuation methods - correct answer actual cash value, replacement value, functional replacement value, market value, stated amount, agreed value waiver & estoppel - correct answer a person has given up a known or legal right 4 components of a legal contract - correct answer agreement, consideration, competent parties, legal purpose 6 classes of insurers - correct answer authorized(admitted), unauthorized(nonadmitted), domestic, foreign, alien, independent rating services 5 mar...

3 coverage forms available under dwelling program correct answer: -basic -broad -special forms Is liability coverage included under dwelling program? correct answer: No, but can be added Does the dwelling policy can be used to insure: a) dwelling only b)contents only c)both dwelling and contents d)all of the above correct answer: Does the dwelling policy can be used to insure: d)all of the above Structure of a DP Form correct answer: 1) Agreement 2) Definitions 3) Deductibl...

SC Personal Lines Exam Questions & Answers 100% accurate!! 6 loss valuation methods -ANSWERS actual cash value, replacement value, functional replacement value, market value, stated amount, agreed value waiver & estoppel -ANSWERS a person has given up a known or legal right 4 components of a legal contract -ANSWERS agreement, consideration, competent parties, legal purpose 6 classes of insurers -ANSWERS authorized(admitted), unauthorized(nonadmitted), domestic, foreign, alien, indepe...