Spoilage coverage Study guides, Class notes & Summaries

CIC Commercial Property - Inland Marine Coverage Exam Questions and Answers What is Commercial Inland Marine? - Answer ️️ Imports, Exports, Domestic Shipments, Instrumentalities for Transportation, Personal Property Floater and Commercial Floater Two types of property that can be included on the inland marine? - Answer ️️ Tangible and Intangible Property Types of Inland Marine Policies? - Answer ️️ Builders Risk, Installation Floater, Contractors Equipment, and Transportation...

Idaho Casualty Exam Questions and Answers (Graded A+) another name for insurance agent is: principal producer broker recorder - producer another name for insurer is: principal producer broker policymaker - principal The Broad Form Products Coverage endorsement in commercial auto policies does which of the following? Adds property coverage Removes the defective products exclusion Adds the defective products exclusion Removes property coverage - Removes the defective pr...

another name for insurance agent is: principal producer broker recorder - Answer producer another name for insurer is: principal producer broker policymaker - Answer principal The Broad Form Products Coverage endorsement in commercial auto policies does which of the following? Adds property coverage Removes the defective products exclusion Adds the defective products exclusion Removes property coverage - Answer Removes the defective products exclusion All of the follow...

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 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 - Special Form to specific claims situation A. Covered cause of los...

XCEL SOLUTIONS PROPERTY & CASUALTY EXAM QUESTIONS WITH COMPLETE 100% VERIFIED SOLUTIONS GRADED A+ An earned premium resulting from the cancellation of a policy is calculated on: On a pro rata basis, based on the previous year's rate M owns a parking garage & has coverage that states: "We will cover losses regardless if you are legally liable for the loss." This no-fault ideology will be found under: Excess Direct Coverage An insurance company writing business in a state other than the on...

that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adjuster must not: A. Promptly investigate the claim. B. Follow the laws regarding the number of days in which to commence an investigation. C. Deny the claim until a fair and prompt investigation has commenced. D. Pay the claim within a reasonable num...

Property and Casualty Adjuster Exam Questions and Answers 100% pass Indemnity - Answer- Insured restored to approximate financial condition as before loss occurred, no better or worse Independent Adjuster - Answer- must represent more than 1 company Binder - Answer- Commits company to act as if the policy has been issued, temporary contract, initiate coverage, oral or written, expires when policy coverages begins Consideration - Answer- insurer's promise to provide indemnity in the event...

Commercial Package Policy (CPP) 1-1 Policy that covers two or more lines of business by combining ISO's commercial lines coverage parts Businessowners Policy (BOP) 1-2 A package policy that combines most of the property and liability coverages needed by small and medium-sized businesses Output Policy 1-3 A policy that combines, in one form and associated endorsements, all or most of the commercial property coverages that the insured organization needs, and uses a flexible rating pl...

CIC Commercial Property - Inland Marine Coverage Exam Questions and Answers What is Commercial Inland Marine? - Answer ️️ Imports, Exports, Domestic Shipments, Instrumentalities for Transportation, Personal Property Floater and Commercial Floater Two types of property that can be included on the inland marine? - Answer ️️ Tangible and Intangible Property Types of Inland Marine Policies? - Answer ️️ Builders Risk, Installation Floater, Contractors Equipment, and Transportation...

Property and Casualty Adjuster Exam Questions and Answers 100% pass Indemnity - Answer- Insured restored to approximate financial condition as before loss occurred, no better or worse Independent Adjuster - Answer- must represent more than 1 company Binder - Answer- Commits company to act as if the policy has been issued, temporary contract, initiate coverage, oral or written, expires when policy coverages begins Consideration - Answer- insurer's promise to provide indemnity in the event...