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PSI Practice Questions Property Casualty Exam Questions and Answers 100% Correct

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PSI Practice Questions Property Casualty Exam Questions and Answers 100% Correct An insured operates a auto repair shop and has a garage coverage form with garagekeepers insurance when an employee on a test drive with a customer's car is involved in a crash. How will the customer's car be covered by the insured's policy? - Correct Answer ️️ -The customer's car is covered for any physical damage while in the custody of the insured. Liability arising out of any of the following is e...

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Property & Casualty Exam Questions and Answers 100% Pass

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Property & Casualty Exam Questions and Answers 100% Pass Insurance - Correct Answer ️️ -The transfer of risk from insured to insurer. Indemnity - Correct Answer ️️ -To restore policy holder to pre-loss condition; make whole. - No better - no worse Law of Large Numbers - Correct Answer ️️ -▬Insurance companies take on many risks with a reasonable assurance of paying a certain number of claims.▬- As number of loss exposures increase, difference between actual & expected res...

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Utah Property and Casualty Insurance Exam Questions and Answers 100% Pass

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Utah Property and Casualty Insurance Exam Questions and Answers 100% Pass Absolute Liability - Correct Answer ️️ -Liability that arises from an extremely dangerous situation. Absolute liability is often found in cases involving explosives. Also known as "strict" liability. For ex you are absolutely liable if you keep a wild animal as a pet. Accident - Correct Answer ️️ -A sudden and unexpected event, occurring at a specific time and place. Actual Cash Value (ACV) - Correct Answ...

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Missed PSI Exam - Property & Casualty Questions and Answers 100% Pass

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Missed PSI Exam - Property & Casualty Questions and Answers 100% Pass Federal Crop Insurance is a type of insurance sometimes called which one of the following? - Correct Answer ️️ -residual market insurance Homeowner Form HO-2 provides coverage for loss of appliances, carpeting, and other household furnishings for a maximum of how much? - Correct Answer ️️ -$2,500 All of the following are the most commonly used personal inland marine forms EXCEPT - Correct Answer ️️ -builder...

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Property and Casualty Insurance Licensing Exam Questions and Answers 100% Pass

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Property and Casualty Insurance Licensing Exam Questions and Answers 100% Pass To prevent recovery beyond the amount of the insured's actual loss, the policy will contain: - Correct Answer ️️ -An Other Insurance Clause Collision coverage of an auto policy covers: a) road damage to the tires b) upset of the vehicle c) frozen engine block d) falling objects - Correct Answer ️️ -B) upset of the vehicle The maximum amount of payable for all losses resulting from one event is known ...

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Utah Property and Casualty Insurance Exam Questions and Answers 100% Pass

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Utah Property and Casualty Insurance Exam Questions and Answers 100% Pass Absolute Liability - Correct Answer ️️ -Liability that arises from an extremely dangerous situation. Absolute liability is often found in cases involving explosives. Also known as "strict" liability. For ex you are absolutely liable if you keep a wild animal as a pet. Accident - Correct Answer ️️ -A sudden and unexpected event, occurring at a specific time and place. Actual Cash Value (ACV) - Correct Answ...

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Property and Casualty Insurance Exam Prep Questions and Answers 100% Pass

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Property and Casualty Insurance Exam Prep Questions and Answers 100% Pass Insurance - Correct Answer ️️ -the transfer of risk from one party to another Indemnity - Correct Answer ️️ -to restore to pre-loss condition. no better, no worse. Real Property - Correct Answer ️️ -permanent structures Personal Property - Correct Answer ️️ -moveable items Peril - Correct Answer ️️ -the cause of a loss Casualty Insurance - Correct Answer ️️ -non-property losses of the insured...

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SC State Law Exam Questions and Answers 100% Pass

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SC State Law Exam Questions and Answers 100% Pass South Carolina State Board of Funeral Service consists of - Correct Answer ️️ -11 members Of the 11 members on the South Carolina State Board - Correct Answer ️️ -Two must be from the general public and not connected with a funeral service establishment and the remaining members must have been licensed as a funeral director and embalmer for at least five years and residents of SC for five. The South Carolina Funeral Directors Asso...

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SC Real Estate Review 2024 Questions and Answers 100% Pass

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SC Real Estate Review 2024 Questions and Answers 100% Pass The ___ establishes an agency relationship between the prop owner as principal and the brokerage as agent - Correct Answer ️️ -listing agreement the LA does which of the following - Correct Answer ️️ -creates an agency relationship between the listing brokerage and the property owner a brokerage agreement whereby the property owner hires 1+ brokerages, agrees to compensate only 1 brokerage who produces a buyer, and reserve...

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