Property loss exposure - Study guides, Class notes & Summaries

Independent Study GPSTC 320-321 Questions and Answers 100% Correct What branch of government does law enforcement fall underneath? executive branch primary mission of a peace officer enforce the law, preserve the public order, protect life and property, and prevent, detect, or investigate crime primary role of state level law enforcement agencies provide technical assistance to local police agencies state's largest law enforcement agency Georgia state patrol Geo...

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use Loss o...

Lead Abatement Supervisor | 2023 questions and answers 100% verified Identify the materials used for enclosure - Drywall vinyl siding Plywood Paneling Caulk and sealant Hazards that exist in residential environments - Lead dust Lead contaminated soil Peeling, chipping paint Folk remedies Describe how children are typically exposed to lead - Hand to mouth activities Worker take home dust Identify the common routes of worker lead exposure - Inhalation Ingestion Describe the bas...

Florida 2-20 Agents License Exam Questions and Answers 2023 Graded A The Florida Surplus Service Lines Office (FSLSO) was created to oversee the surplus lines industry in the state Which of the following is NOT a required qualification for a General Lines Agent: Seeking the license only to write controlled business The Department of Financial Services performs the following, EXCEPT: Pays insurance claims Once license, you have how long to obtain an appointment? 48 months Which of the ...

ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) 2023-2024 What is insurance? - CORRECT ANSWER-protection against financial loss what is a premium - CORRECT ANSWER-a scheduled amount to be paid for an insurance policy. What are premiums used for - CORRECT ANSWER-premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - CORRECT ANSWER-the insurer collect...

Created to serve as a complete, comprehensive code regulating the construction of single-family, two-family and buildings consisting of three or more townhouse units. - Answer IRC (International Residential Code) Administrative - Answer First 2 chapters of code book are True - Answer Plans or supporting documents are almost always required by the controlling authority prior to issuing a permit. T or F Yes - Answer Does the building official have the authority to render interpretations o...

Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...

Which type of risk endangers lives or resources without contributing to mission accomploishment? correct answers An unnecessary risk Which Army publication provides specific information to implement RM policies and procedures? correct answers DA PAM 385-30 In which phase of the RM process is the hazard control plan developed and put into action? correct answers Management phase In the assessment phase, RM practitioners identify hazards and correct answers Assess hazards what is a con...

Acceptable Risk The average rate of loss that is considered tolerable for a given activity. Accident An unplanned event or sequence of events that results in an undesirable consequence. An occurrence where property damage, material loss, detrimental environmental impact or human injury occurs. Accidental Release An unanticipated emission of a regulated substance or other extremely hazardous substance into the ambient air. Action Items A column in the What-If/Checklist Wo...

Property loss exposure ️ A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real property (realty) ️ Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. Personal property ️ All tangible or intangible property that is not real ...