Sc pc insurance exam - Study guides, Class notes & Summaries

Abandonment - correct answer the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - correct answer Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - correct answer an unplanned, unforseen event which occurs suddenly and at a specific place ...

SC P&C INSURANCE EXAM STUDY GUIDE QUESTIONS WITH ACTUAL SOLUTIONS

Abandonment the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident an unplanned, unforseen event which occurs suddenly and at a specific place Actual Cash Value the required amount to pay damages f...

Abandonment the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident an unplanned, unforseen event which occurs suddenly and at a specific place Actual Cash Value the required amount to pay damages f...

Abandonment the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident an unplanned, unforseen event which occurs suddenly and at a specific place Actual Cash Value the required amount to pay damages f...