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Texas Property & Casualty Tests Bundle Set
Texas Property & Casualty Tests Bundle Set
[Mostrar más]Texas Property & Casualty Tests Bundle Set
[Mostrar más]Property vs Casualty: What is considered property? CORRECT ANSWER Structure & Personal Property 
 
Property vs Casualty: What is considered casualty? CORRECT ANSWER Non-property losses. Legal liability to others. 3rd Party 
 
Risk CORRECT ANSWER uncertainty of financial loss 
 
Pure Risk CORRECT ANS...
Vista previa 2 fuera de 15 páginas
Añadir al carritoProperty vs Casualty: What is considered property? CORRECT ANSWER Structure & Personal Property 
 
Property vs Casualty: What is considered casualty? CORRECT ANSWER Non-property losses. Legal liability to others. 3rd Party 
 
Risk CORRECT ANSWER uncertainty of financial loss 
 
Pure Risk CORRECT ANS...
____ is uncertainty of loss CORRECT ANSWER risk 
 
____ is a transfer of risk from the insured to the insurer CORRECT ANSWER insurance 
 
____ risk means there is no chance of gain. It is insurable. CORRECT ANSWER pure 
 
____ risk means there is a chance of a loss or a gain. It is not insurable. CO...
Vista previa 4 fuera de 46 páginas
Añadir al carrito____ is uncertainty of loss CORRECT ANSWER risk 
 
____ is a transfer of risk from the insured to the insurer CORRECT ANSWER insurance 
 
____ risk means there is no chance of gain. It is insurable. CORRECT ANSWER pure 
 
____ risk means there is a chance of a loss or a gain. It is not insurable. CO...
A condition or situation that presents a possibility of loss is a (an): CORRECT ANSWER exposure 
 
The purpose of insurance is to: CORRECT ANSWER transfer risk 
 
Which hazard can be described as a careless attitude or general indifference on the part of the insured toward the occurrence of loss? CO...
Vista previa 4 fuera de 49 páginas
Añadir al carritoA condition or situation that presents a possibility of loss is a (an): CORRECT ANSWER exposure 
 
The purpose of insurance is to: CORRECT ANSWER transfer risk 
 
Which hazard can be described as a careless attitude or general indifference on the part of the insured toward the occurrence of loss? CO...
Coverage for water backup or sump pump overflow is excluded from the Dwelling Policy. However, with the purchase of the water backup and sump pump overflow endorsement, coverage for up to $5,000 in loss or damage can be provided for an additional premium. What is the deductible associated with this ...
Vista previa 2 fuera de 7 páginas
Añadir al carritoCoverage for water backup or sump pump overflow is excluded from the Dwelling Policy. However, with the purchase of the water backup and sump pump overflow endorsement, coverage for up to $5,000 in loss or damage can be provided for an additional premium. What is the deductible associated with this ...
Which part of an insurance policy describes the responsibilities and obligations of both the insurance company and the insured under the policy? CORRECT ANSWER Conditions 
 
The limits of liability are found in which of the following sections of a casualty policy? CORRECT ANSWER Declarations 
 
The ...
Vista previa 4 fuera de 55 páginas
Añadir al carritoWhich part of an insurance policy describes the responsibilities and obligations of both the insurance company and the insured under the policy? CORRECT ANSWER Conditions 
 
The limits of liability are found in which of the following sections of a casualty policy? CORRECT ANSWER Declarations 
 
The ...
Licensing Purpose CORRECT ANSWER For the protection of the public of this state. 
 
Individuals must satisfy the following to be eligible to get a license: CORRECT ANSWER -18 years of age or older 
-Resident of state 
-Passed exam and pay fees 
-Filed application and submitted a fingerprint card 
-N...
Vista previa 2 fuera de 15 páginas
Añadir al carritoLicensing Purpose CORRECT ANSWER For the protection of the public of this state. 
 
Individuals must satisfy the following to be eligible to get a license: CORRECT ANSWER -18 years of age or older 
-Resident of state 
-Passed exam and pay fees 
-Filed application and submitted a fingerprint card 
-N...
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