Who is an indemnitor - Study guides, Class notes & Summaries

NC Bail Bondsman State Exam With 100% Correct And Verified Answers 2024 Bail = - Correct Answer-Money Bond = - Correct Answer-Agreement Define Bail - Correct Answer-a constitutional right by which the United States Criminal Justice System permits the release of a principal from custody while ensuring his appearance at all required Court proceedings Principal - Correct Answer-a defendant or witness who is legally required to appear in court Bail Bond - Correct Answer-an undertaking b...

Commercial Casualty – CIC study guide/exan questions and answers correct and verified 100%Commercial Casualty – CIC study guide/exan questions and answers correct and verified 100% =What are the two promises the insurer makes? - correct answers-1. Indemnity 2.Defense A Commercial General Liability Policy may be written as a - correct answers-1. Monoline Policy 2. Multi-Line Policy 6 different forms of business - correct answers-1. Individual 2. Partnership 3. Joint Venture 4. Tru...

Commercial Casualty – CIC/latest exam questions and answers correct and verified 100% > fall 2024Commercial Casualty – CIC/latest exam questions and answers correct and verified 100% > fall 2024 What are the two promises the insurer makes? - correct answers-1. Indemnity 2.Defense A Commercial General Liability Policy may be written as a - correct answers-1. Monoline Policy 2. Multi-Line Policy 6 different forms of business - correct answers-1. Individual 2. Partnership 3. Jo...

All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - While performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employer's premises during working hours. Which of the following statements is NOT TRUE regarding the implied warranties of an Ocean Marine policy? - The implied warranties are attached to the policy as an e...

  A Commercial General Liability (CGL) Policy may be written as a: - Answer: 1. monoline policy 2. multi-line policy called a Commercial Package Policy that includes other coverage parts such as Commercial Property Coverage, Inland Marine, Crime and Fidelity, etc. Commercial General Liability Coverage Form CG - Answer: 1. Section I - Coverages • Coverage A - Bodily Injury And Property Damage Liability • Coverage B - Personal and Advertising Injury Liability • Coverage C - Medical...

NGN ATI Florida Claims Adjuster Exam | 206 Questions with 100% Correct Answers A+ | 2023/2024 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 Correct Answer: D. All listed interests Remember that the insurer is not responsible to know the degrees of interest...

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review (Error free) A claim is made under a CGL for a slip and fall injury. Two years later the injured person comes back saying the injury has flared-up. Is the reoccurrence covered under CGL Medical Payments? Select one: A. Yes, expenses are covered because of proximate cause. B. No, slip and falls are not covered under Medical Payment coverage C. Yes, expenses are covered within three years of the injury. D. No, expe...

Liberalization states, "The insured gets the benefit of any broadened coverage if the company, within __________ days of inception, adopts a form revision that is broader and without increase in premium." A. 10 days B. 55 days C. 65 days D. 45 days - D. 45 days Protects against loss of business income that results from damage to covered property from a covered cause of loss. A. Business Income Insurance Coverage B. Business Income Replacement Coverage C. Business Income Actual Val...

Premium for bail under $3,000 - correct answer10% Premium for bail $3,000-$10,000 - correct answer8% Premium for bail $10,000+ - correct answer6% Premium for bail less than $200 - correct answer$10 Can you accept $ for obtaining a license - correct answer no Can a lawyer give bail for $ - correct answer no Punishment for insurance fraud - correct answer fine or up to 10 years Punishment for fraud that jeopardizes safety of insurer - correct answer up to 15 years Express a...

AFSB 151 Chapter 1 Questions and Answers Latest Updated 2024 Contract Bonds These bonds guarantee the performance of a written contract, such as the completion of a construction project. Bid Bonds A type of Contract bond which guarantees the obligee that if a contractor's bid is accepted, the contractor will provide the required Performance bond. (See also Contract bond) Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:03 / ...