Property & Casualty Guías de estudio, Notas de estudios & Resúmenes

Insurance commissioner has the authority to..? - enforce state insurance laws Department of Insurance has the power to..? - Supervise the organization, regulation, examination, rehabilitation, liquidation and conservation of all insurance companies doing business in the state Insurance laws have been written to protect - the insuring public The commissioner has 3 main authorities - 1. Executive Authority 2. Legislative Authority 3. Judicial Authority Executive Authority - to enforce stat...

GA Property& casualty exam questions and 100% correct answers

Property and Casualty Review 2024 Questions and Answers A unique exclusion that is found only in the Fine Art Floater is: - Correct Answer ️️ -Art on Exhibition (Due to most frequent thefts during gallery showings) Which section of a Special form policy determines whether a peril is covered? - Correct Answer ️️ -Exclusions New zoning laws prevent an Insured from replacing a destroyed property. If the Insured transfers ownership of the property to the Insurer, this is an example of...

Property and casualty insurance Exam Questions and Answers Part one 100% Correct Which of the following are the authorities that an agent can hold? - Correct Answer ️️ -Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? - Correct Answer ️️ -Permanent partial disability Who is NOT considered an employee in an commercial general liability (CGL) policy? - Correct Answer ️️ -Temporary worker The major portion o...

Property & Casualty ADBanker Multiple Choice Questions with 100% Correct Answers Which of the following is NOT contained in the Conditions section of an insurance policy? b)a)ExclusionsAppraisal c)Changes d)Assignment - Correct Answer ️️ - The insured's duties after a loss include all the following, except: a)Notify police in the event of a theft c)Prb)Have property repaired quickly, then notify insurerepare an inventory of damaged property d)Give prompt written notice to the ins...

PROPERTY & CASUALTY QUESTIONS GA EXAM QUESTIONS AND ANSWERS 100% PASS The arbitration clause in a personal auto policy would be used in which of the following circumstances? A. The ins company and a pedestrian struck by the insured's auto cannot reach an agreement regarding the settlement of a claim. B. The insured and an injured 3rd party cannot reach an agreement regarding the settlement of a claim. C. The court have ruled against an injured 3th party. - Correct Answer ️️ -B. The ...

Property and Casualty Insurance EXAM Questions and Answers 100% Pass Specific insurance - Correct Answer ️️ -This type of insurance designates a particular item to be insured Blanket insurance - Correct Answer ️️ -This type of insurance covers more than one item of property at a single location or one more items of property at multiple locations. Speculative - Correct Answer ️️ -possibility of both gain and loss. Not insurable. Pure - Correct Answer ️️ -only the possibilit...

PSI CA Property and Casualty Practice Examination Questions and Answers 100% Correct 1 Can a lender, as a condition of making a loan, require that any insurance be placed through a particular insurance agent or broker? - Correct Answer ️️ -The loan recipient may always select a particular agent or broker of their choosing 2 A claimant can be any of the following EXCEPT - Correct Answer ️️ -EXCEPT a person who is conducting an investigation of a claim on behalf of an insurer 3 All ...

Property and Casualty Exam Questions and Answers 100% Pass Bailee - Correct Answer ️️ -An individual or organization who has taken into its care, custody, and/or control the property of another for servicing, repair, or storage Hazard - Correct Answer ️️ -Something that increases the chance or likelihood of a loss occuring. (physical or moral or morale) Market Value - Correct Answer ️️ -A property policy provision that changes the valuation method otherwise applicable (ACV or...

Property & Casualty - Mike Russ Practice Test 100% Correct Insurance broker means a person who, for compensation and on behalf of another person, transacts insurance other than life with, but not on behalf of, an insurer. True or False? - Correct Answer ️️ -False - An insurance broker is a specialist in insurance and risk management. Brokers act on behalf of their clients and provide advice in the interests of their clients. Transacting insurance includes: A. Execution of a contract ...