Define insured location - Study guides, Class notes & Summaries

Idaho Property & Casualty Exam Q&A with Complete solution 1. What type of information would be found in a policy's insuring agreement? Policy limits Insurer's address Renewal dates Location of premises: Renewal Dates 2. Which of the following is true of dwelling policy coverage? Exclusions only apply to broad policy forms. There are no exclusions in basic forms. Special forms only have special exclusions. Exclusions apply to all three policy forms.: Exclusions apply to all three...

Explain what it means to issue insurance on a scheduled basis - ANSWEROnly the property listed or scheduled on the policy is insured Explain what is meant to issue insurance on the basis of Property of Every Description - ANSWERBuilding, stock and equipment are insured under a single limit of insurance Explain what it means to issue insurance on an all property (blanket) basis - ANSWERAll property owned by the insured is insured under a single limit of insurance. All property blanket may i...

Which of the following types of health insurance covers the cost of providing non-medical custodial care to individuals with cognitive problems? A. Disability income insurance B. Long-term care insurance C. Hospital expense coverage D. Medical Expense coverage B All of the following are characteristics of a group health insurance plan EXCEPT: A. Only group members may be covered. B. There is one master contract B. Each person has a policy D. Benefits are essentially the same for al...

Which of the following types of health insurance covers the cost of providing non-medical custodial care to individuals with cognitive problems? A. Disability income insurance B. Long-term care insurance C. Hospital expense coverage D. Medical Expense coverage B All of the following are characteristics of a group health insurance plan EXCEPT: A. Only group members may be covered. B. There is one master contract B. Each person has a policy D. Benefits are essentially the same for al...

Payroll compliance legislation final Exam Chapters 5-9|76 Questions with Verified Answers The Ontario Health Premiums are calculated based on - CORRECT ANSWER employee earnings in excess of $20,000.00 Which of the following provinces funds its health care coverage through premiums? - CORRECT ANSWER British Columbia Newfoundland and Labrador fund their health care systems through: - CORRECT ANSWER employer tax If a province funds their health care systems through the regular tax base,...

Property/Casualty Illinois for State Exam All Answers Correct ISO (Insurance Services Office) ️ISO creates standardized property and casualty insurance policies that are approved by states and used as a standard policy for insurers. -they can be modified to comply with state regulations -may be modified to a degree for insurance companies to create their own policy form define insurance ️Insurance transfers the risk of loss from an individual or business entity to an insurance compa...

Property and Casualty License in Arkansas Verified Answers What is Insurance? ️Transfers the risk of loss from individual to insurance co. What is Risk? ️Chance of loss occuring What are 3 types of Hazzards? ️Physical, Moral, Morale What is a Peril? ️Causes of loss insured against What does Indemnify mean? ️Right for Reimbursement but only to the extent of the loss. Cannot gain from loss. Define Subrogation ️Right to seek damages from 3rd party so that the insured cann...

CAIB 2 Chapter 6 Practice Test 2- solved What are three types of property normally excluded or receive limited coverage on commercial property insurance policies? - Answer ️️ -i) Money ii) Furs iii) Jewellery List and explain the four areas addressed by Commercial Crime policies. - Answer ️️ -i) Property covered Explanation: This section of crime policies will identify type of property insured such as money, jewellry or securities ii) Perils insured Explanation: This section of...

CAIB 2 Chapter 4 Practice Test 1 Define Endorsement. - Answer ️️ -Endorsements change terms of existing policies Define Rider. - Answer ️️ -Riders add coverages to those all ready on policy Indicate Covered or Not Covered on Sign Form (C/NC) a) mechanical breakdown b) damage caused by power surge c) damage caused when dropped during installation d) damage caused by freezing e) damage caused by striking employees - Answer ️️ -a) NC mechanical breakdown b) NC damage caused by ...

CAIB 2 Chapter 4 Practice Test 2 What are two examples of temporary locations where property may be located and insured by Temporary Locations coverage? - Answer ️️ -i) When at customers premises on a pre-sale trial basis ii) When at a warehouse awaiting pickup by client List locations insured by Newly Acquired Location coverage - Answer ️️ -i) All locations newly acquired by client ii) In or on vehicles with 100 meters of newly acquired locations How long is coverage provided fo...