Commercial lines 101 ce Study guides, Class notes & Summaries

Commercial Lines 101 CE

Commercial Lines 101 CE Questions and Answers 2024 Insurer - Answer -The insurance company Named Insured/Insured - Answer -The policyholder Financial Definition of Insurance - Answer -A financial agreement involving the redistribution of financial losses Legal Definition of Insurance - Answer -A contractual agreement in which one party (the insurer) agrees to compensate or indemnify another party (the insured) for fortuitous losses Loss Pooling - Answer -the sharing of total losses susta...

Hazard - Answer-A condition or conditions that increases the probability of a loss Physical Hazard - Answer-A physical condition or situation that increases the possibility of loss (outdated or frayed wiring in a factory) Moral Hazard - Answer-Intentional acts committed by the insured that either create or exaggerate a loss and is measured by the character of the insured and the circumstances surrounding the subject of the insurance Morale Hazard - Answer-Implies an indifference to loss...

Insurer correct answer: The insurance company Named Insured/Insured correct answer: The policyholder Financial Definition of Insurance correct answer: A financial agreement involving the redistribution of financial losses Legal Definition of Insurance correct answer: A contractual agreement in which one party (the insurer) agrees to compensate or indemnify another party (the insured) for fortuitous losses Loss Pooling correct answer: the sharing of total losses sustained by a fe...

QUESTIONS AND ANSWERS

Commercial Lines 101 CE

QUESTIONS AND ANSWERS

NJ STATE EXAM WITH STUDY GUIDE FX FINAL EXAM QUESTIONS PROPERTY AND CASUALTY (Q&A) 2023 Professional liability policies protect against liability resulting from - Correct Answer-A. Errors and Omissions Page 46 Mini-Tail or Extended. Page 60 - Correct Answer-B. 60 Days after expiration date Not an exclusion under auto physical damage selection. Page 28 - Correct Answer-C. Carpools Not a covered territory in the personal auto policy. Page 25 - Correct Answer-C. Mexico Which is covered un...

Professional liability policies protect against liability resulting from - ANSWER-A. Errors and Omissions Page 46 Mini-Tail or Extended. Page 60 - ANSWER-B. 60 Days after expiration date Not an exclusion under auto physical damage selection. Page 28 - ANSWER-C. Carpools Not a covered territory in the personal auto policy. Page 25 - ANSWER-C. Mexico Which is covered under other than collision section of your auto policy. Page 26 - ANSWER-A. Hail damage to your car Nationwide Mar...

1. Artistic Percep- tion 2. Creative Expres- sion 3. Historical and Cultural Context 4. Aesthetic Valu- ing 5. Connections, Re- lationships, Ap- plications processing, analyzing, and responding to sensory infor- mation through the use of language and skills unique to dance, music, theater, and visual arts. creating a work, performing, and participating in the arts disciplines. Students apply process and skills in com- posing, arranging, performing a work and use variety of means t...