Bail bonds part 3 - Study guides, Class notes & Summaries

another name for insurance agent is: principal producer broker recorder - Answer producer another name for insurer is: principal producer broker policymaker - Answer principal The Broad Form Products Coverage endorsement in commercial auto policies does which of the following? Adds property coverage Removes the defective products exclusion Adds the defective products exclusion Removes property coverage - Answer Removes the defective products exclusion All of the follow...

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...

CPCU 553 - Personal Insurance and Financial Planning Exam with 100% Correct Answers Define: Liability loss exposure - Answer ️️ -Any condition or situation that presents the possibility of a claim alleging legal responsibility of a person or business for injury or damage suffered by another party. Define: Damages - Answer ️️ -Money claimed by, or a monetary award to, a party who has suffered bodily injury or property damage for which another party is legally responsible. Define: S...

New York State Auto Damage and Theft General Adjuster 17-70 Practice Questions And Answers 2024/2025 An employee has been asked to use his own personal vehicle to perform certain tasks on behalf of his employer. What coverage is used under the business auto policy to protect the employer for lawsuits when the employee has an accident that causes legal action against the employer? - CORRECT ANSWER-Employers non-ownership coverage. This coverage protects the employer and not the emplo...

Property and Casualty Insurance Exam Questions and Answers Updated 2024 (GRADED) 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 possibility of loss. Insurable. ...

1 BAIL BONDSMAN TEST PART 1 EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Bail Bond Angent Correct Answer: A surety Agent or an agent of a property bail bondsman who is duly licensed pursuant to the provisions of sections 374.695 to 374.789, is employed by and is working under the authority of a licensed general bail bond agent. Bail Bond or Appearense Bond Correct Answer: A bond for a specified monteary amount which is executed by the defendant and a qualifie...

NY Property and Casualty Insurance Exam Graded A+ Specific insurance - This type of insurance designates a particular item to be insured Blanket insurance - 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 - possibility of both gain and loss. Not insurable. Pure - only the possibility of loss. Insurable. What are the 5 methods of managing or handling risk? - avoid, control, retain, an...

A single Declarations page common to all coverages A single conditions section common to all coverages A commercial package policy always includes Send the insured a reservation of rights letter If the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person The basic limit for coverage F-medical payments of the standard homeowners form is normally $250 The CGL provides up to ___per day for loss of earnings as a supplementary...

Specific insurance - Answer This type of insurance designates a particular item to be insured Blanket insurance - 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 - Answer possibility of both gain and loss. Not insurable. Pure - Answer only the possibility of loss. Insurable. What are the 5 methods of managing or handling risk? - Answer avoid, control, retain, and transfer risk. ...

NYS Property and Casualty - Auto Insurance questions and answers 100% verified. personal auto policy - correct owners of private passenger vehicles, physical damage insurance on the car and liability insurance for claims from use of the auto other than collision - correct s losses caused by missiles or falling objects, fire, theft, explosion/earthquake, windstorm, hail, water, flood, VMM, riot or civil commotion, contact with birds/animals, breakage of glass supplemen...