Texas Property and Casualty Exam Questions and Answers Verified 100%
236 vues 1 fois vendu
Cours
Texas Property and Casualty
Établissement
Texas Property And Casualty
Texas Property and Casualty Exam Questions and Answers Verified 100%
____ is uncertainty of loss - risk
____ is a transfer of risk from the insured to the insurer - insurance
____ risk means there is no chance of gain. It is insurable. - pure
____ risk means there is a chance of a loss ...
texas property and casualty exam questions and ans
École, étude et sujet
Texas Property and Casualty
Texas Property and Casualty
Vendeur
S'abonner
Academicmines
Avis reçus
Aperçu du contenu
Texas Property and Casualty Exam Questions and Answe rs Verified 100% ____ is uncertainty of loss - risk ____ is a transfer of risk from the insured to the insurer - insurance ____ risk means there is no chance of gain. It is insurable. - pure ____ risk means there is a chance of a loss or a gain. It is not insurable. - speculative a ____ is something that increases the risk. - hazard the principle of _____ governs property and casualty policies. It states that the purpose of the policy is to restore the insured financially to where they were prior to the loss - indemnity _____ _____ must exist on a casualty policy at time of loss in order for the policy to provide coverage. - insurable interest the law of _____ _____ is used to predict the likelihood of loss - large numbers ____ ____ ____ is replacement cost minus depreciation. - actual cash value ________ is a tort, or civil wrong; it is grounds for a lawsuit. - Negligence _______ is the failure to act as a reasonable person would in the same set of circumstances - negligence an _____ happens over a period of time - Occurrence a _____ may be oral or written - binder a _____ provides coverage until the policy is issued. it includes all coverages provided by the policy. - binder a ____ is a literal truth - warranty a _______ is a substantial truth. in insurance, statements of the applicant/policyowner are _______ - true to the best of their knowledge - representation ______ is an omission of a material fact. - concealment the insurer has the right to sue a negligent third party for damages paid to an insured under the concept of ______ - subrogation four parts of a policy - DICE (declarations, insuring agreement, conditions, and exclusions) the ______ list the named insured, policy limits, and premium and policy period - declarations the ____ __ ____ are found on the declaration page of the policy - limits of liability the _______ _______ describes the coverages provided - insuring agreement the _______ list the obligations of both parties, the insurer and the insured - conditions the ______ list the perils that are not covered - exclusions If the Insurer and the Insured disagree that the liability policy does or does not provide coverage, the claim will go to _____ - arbitration in _____ each party pays for one and a half persons involved - arbitration in arbitration there are _____ arbitrators - three the cancellation provisions are found in the ________ section of the policy - conditions the insured must promptly tell the insurer about a ______ - claim the other insurance clause is also known as the ____ -____ _____ _______ - pro-rata liability clause _____ -____ does not mean equal, it is proportionate - pro-rata the _____ _____ _____ act protects consumers against the circulation of inaccurate or obsolete personal or financial information. - fair credit reporting act the ____ -____ -____ act requires that a customer be given out a privacy notice at the time the customer relationship is initially established and thereafter annually. - gramm -leach -bliley act the ____ ____ insurance act applies to commercial policies only - terrorism risk insurance act (TRIA) the main difference between the various _____ _____ forms is the property perils insured against - dwelling policy (DP) DP policies do not cover personal liability, although it can be added by adding an endorsement known as a _____ ______ ______ for an additional premium charge - personal liability supplement DP policies contain general exclusions for damage due to war, nuclear hazard, and flood but not _____ - wind on a dwelling policy, other structures coverage will apply to a structure rented out as a _____ _____ - private garage DP policies do not cover _______ of ______ after 60 days of vacancy - breakage of glass DP policies do not cover _____ of _____ unless the heat was left on - freezing of plumbing the _____ on which the insured dwelling sits on is not insurable - land _____ _____, also known as the automatic increase endorsement, must be added to a DP policy by endorsement - inflation guard a loss from rain or dust would only be covered if an opening in the dwelling ____ or ____ was first created by wind or another covered cause of loss - roof or walls when a dwelling is covered by more than one policy, losses are shared ____ -____ under the other insurance clause. this may also be referred to ad the _____ -____ liability clause - pro-rata the basic dwelling form __ -_ is a named or specified peril policy - DP-1 the __ -_ _____ ____ does not provide additional living expense under coverage D; only fair rental value is provided - DP-1 basic form The Extended Coverage Endorsement is added to the Standard Fire Policy to create the __ -_ - DP-1 a __-_ _____ _____ policy is named perils on both the dwelling and the contents - DP-2 broad form on the dwelling broad form DP -2 building structures (Coverages A and B) are written with an ____% coinsurance requirement - 80% on a __ -_ ____ _____, Coverage B (other structures) is in addition to other coverage limits - DP-
2 broad form the __ -_ policy will provide the same coverage as the DP -2 (contents broad) for personal property coverage, should coverage for contents be declared. - DP-3 although the DP -1 Basic Form does not provide coverage for _____, _____, _____, and _____, both the DP -2 and DP -3 do - trees, shrubs, plants, lawns all __ policies are package policies combining property and liability coverages - HO
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur Academicmines. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €10,08. Vous n'êtes lié à rien après votre achat.
