Structure of a dp form - Study guides, Class notes & Summaries

New York Adjuster Exam Questions and Answers Graded A+ (2024/2025) The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? 30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. 30 day Personal property that is covered under the Person...

FLORIDA CLAIMS ADJUSTER EXAM 2024 | ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS | GRADED A+ 1. Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests: D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of ...

AINS 102 Ch 4 Questions & Answers Marcus is buying insurance for his recent home purchase that will be covered by a DP-3 policy. In reading his policy, which one of the following will Marcus find is true? Select one: A. The DP-3 excludes coverage for theft of property that isn't part of the covered structure. B. The DP-3 provides named perils coverage for the dwelling and personal property. C. Marcus needs to add an endorsement to the DP-3 to cover personal property damage. D. Marcus wa...

Who would be able to collect survivor and death benefits from WC in the event the covered injury resulting in the death of an employee? - Spouse of Employee Which type of crime best describes someone who waits until store personnel are preoccupied and pockets merchandise while no one is looking and leaves without detection - Robbery Not a common exclusion in a liability policy - damage caused by acts of civil disobedience and riots The party who agrees to be responsible for loss in the ...

Property and Casualty Practice PSI ExaEmployees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - ANSWER Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water main break -Employee pay after a building struc...

Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - ANSWER Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water main break -Employee pay after a building structure is damaged -Building inspectors ...

____ is uncertainty of loss risk ____ is a transfer of risk from the insured to the insurer insurance ____ risk means there is no chance of gain. It is insurable. pure ____ risk means there is a chance of a loss or a gain. It is not insurable. speculative a ____ is something that increases the risk. hazard the principle of _____ governs property and casualty policies. It states that the purpose of the policy is to restore the insured financially to where t...

Alabama Property and Casualty Sample Quiz 1-100 Already Passed What is a hazard? an increase in the possibility that a loss might occur transfer risk from a person or business to an insurance company that agrees to to pay for losses in exchange for a premium. insurance The type of insurance company in which the policyholder is considered an owner, with the right to vote and share in the profits is a mutual company Jewel Canford's home is insured by XYZ Insurance Company. Last year she made t...

CPCU 553, Chapter 7 Exam Questions and Answers | Verified & Updated | 100% Correct Personal property coverage for watercraft is - Answer ️️ -Provided on a limited basis for rowboats and canoes under both the homeowners policy and the DP-3 policy. For an urban area subject to riot and civil commotion, the operators of a group that jointly underwrite and share the risks and profits of property insurance in that area are known as - Answer ️️ -A syndicate. Alita owns a single-family ...

Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? – Military Personnel A non-resident owning an automobile in Florida A non-resident subject to Florida no-fault law A forcible entry into locked premises and the carrying away of the property of others is a definition of: - Burglary The inland marine coverage form that covers clothing, cameras and other portable property worn and carried by tourists and travelers is a: - Personal effects...