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GA Property & Casualty Exam 2025 Actual exam (Testing Real Exam Questions)and verified Answers ( 100% accurate) GET IT RIGHT!!

GA Property & Casualty Exam, Verified Exam Questions with 100% Correct Answers, All Graded A+,Latest Expert Premium Update()|>100% Guaranteed Success. Insurance policy covers what type of losses - ANSWER Direct and Indirect In order to have an indirect loss, you must have - ANSWER a direct loss What does property insurance cover? - ANSWER structures and contents Direct loss - ANSWER physical destruction of property by lightening, wind, fire, theft, etc Indirect loss...

GA PROPERTY & CASUALTY TEST Exam Questions And Answers. Verified And Updated. PURE RISK - AnswerTYPE OF RISK WHICH INSURANCE COMPANIES WILL INSURE IS CALLED? RANDY, THE OWNER OF A SMALL BUSINESS APPLIED FOR FIRE INSURANCE WITH LIMITS EQUAL TO 100% of THE PROPERTY VALUE. HE HAD A HUGE UNSOLD INVENTORY AND A LARGE GAMBLING DEBT. THIS MIGHT INDICATE? - AnswerMORAL HAZARD PURE & SPECULATIVE RISK - AnswerTHE RISK OF LOSS MAY BE CLASSIFIED AS? AGGREGATE LIMIT OF LIABILITY - AnswerDefined as th...

MAMA IS DRIVING HER CAR THROUGH A RESIDENTIAL AREA AND LOOSES CONTROL OF THE CAR AND CRASHED INTO CASY'S FRONT PORCH. CASEY GETS INJURED. MAMA'S LIABILITY INS. POLICY HAS A LIMIT SET AT $500,000. THIS AMOUNT APPLIES TO THE TOTAL OF DAMAGES FOR ANY BODILY INJURY AND PROPERTY DAMAGE RESULTING FROM ONE ACCIDENT. Which type of limit of liability does Mama have? - ️️COMBINED SINGLE WHEN A PERSON DECIDES NOT TO BUY INSURENCE BECAUSE OF THE COST - WHAT METHOD OF RISK AS BEEN UNDERTAKEN...

GA PROPERTY & CASUALTY EXAM 2024 QUESTIONS AND ANSWERS

GA Property & Casualty Exam with Verified Answers 1. Insurance policy covers what type of losses 2. In order to have an indirect loss, you must have 3. What does property insurance cover? Direct and Indirect a direct loss structures and contents 4. Direct loss physical destruction of property by lightening, wind, fire, theft, etc 5. Indirect loss consequences of direct losses - e.g. loss of income, additional expenses to live, loss of rental income, etc. 6. What is the pur- pose...

WHAT PROPERTY CLAUSE ALLOWS THE EXTENSION OF A MAJOR COVERAGE APPLYING TO SPECIFIC LOSSES NOT ALREADY INSURED? - THE EXTENSION OF COVERAGE CLAUSE THE POLICY PROVISION FOUND IN PROPERTY INSURANCE POLICIES WHICH PREVENT THE INSURED FROM COLLECTING TWICE FOR THE SAME LOSS IS CALLED? - SUBROGATION MEANS THE METHOD OF LOSS VALUATION IS CONTRARY TO THE BASIC CONCEPT ON INDEMNITY SINCE IT MAY PROVIDE THE INSURED, FOLLOWING A LOSS, WITH SETTLEMENT IN EXCESS OF THE PROPERTY'S ACTUAL CASH VALUE. - ...

Partial Retention - partial responsibility for losses buys policy has deductible Cancellation - Stop policy mid-term before it has the chance to expire. Both insurer and insured can cancel a policy Broker - Producer who represents the insured and NOT the insurer Direct loss - physical destruction of property by lightening, wind, fire, theft, etc Does insurance cover sentimental losses? - No First Named Insured - the ranking insured in a Commercial Lines policy Full Retention - self insu...

PURE RISK - ANSWER TYPE OF RISK WHICH INSURANCE COMPANIES WILL INSURE IS CALLED? RANDY, THE OWNER OF A SMALL BUSINESS APPLIED FOR FIRE INSURANCE WITH LIMITS EQUAL TO 100% of THE PROPERTY VALUE. HE HAD A HUGE UNSOLD INVENTORY AND A LARGE GAMBLING DEBT. THIS MIGHT INDICATE? - ANSWER MORAL HAZARD PURE & SPECULATIVE RISK - ANSWER THE RISK OF LOSS MAY BE CLASSIFIED AS?