Broad collision - Study guides, Class notes & Summaries

Insurance Terminology: Property & Casualty Tested Exam Questions & Revised Correct Answers. Guarantee Pass!! Casualty Insurance - ANSWER : A broad category of coverage against loss of property, damage, or other liabilities. Includes auto, liability, theft, elevator, glass, aviation, boiler and machinery, worker's comp, bonds, and many other types of insurance. Causes of Loss Form - ANSWER : Commercial property insurance forms that establish and define the perils for which cover...

Idaho Property & Casualty Exam Prep (2023/2024) Already Passed Which of the following statements is false with respect to requirements for rates? A) Rates may not be inadequate B) A purpose of the rate regulation is to diminish competition between insurers C) Rates may not be unfairly discriminatory D) A purpose of the rate regulation is to regulate cooperative action among insurers B The Businessowners Coverage Form to the Businessowners Policy provides coverage on which of the following b...

Medical Assisting Administrative & Clinical Competencies (MindTap Course List) 9th Edition 1 | P a g e TEST BANK FOR Medical Assisting Administrative & Clinical Competencies (MindTap Course List) 9thEdition Chapter 1 1. Medical assisting is probably right for you if you: a. like to work alone, completing tasks independently. b. are more comfortable completing a consistent task daily. c. do not like variety in your job. d. are interested in a career in an expanding field. ANSWER: d PO...

WA State Property & Casualty State Exam Latest Update Graded A+ Assignment The transfer of a policy to another party. Often done when commercial property is sold to a new owner. Building & Personal Property (BPP) The commercial property policy for larger businesses. Business Income Policy A commercial policy covering the indirect loss of income following a loss. Cancellation Termination of a policy during the policy period. Casualty Insurance A broad term which includes all of ...

Defense Costs - •Defense costs can be huge. Good thing the Liability Section covers loss IN ADDITION to the policy limits. •This means that the costs of defense will not erode the coverage limits available for payment of claims. •But, the duty to defend ENDS when limits have been exhausted through actual payment of claims Part C: Why do we need this? - • A compulsory insurance law requires motorists to carry at least a minimum amount of liability insurance before the vehicle can be ...

Which of the following statements is false with respect to requirements for rates? A) Rates may not be inadequate B) A purpose of the rate regulation is to diminish competition between insurers C) Rates may not be unfairly discriminatory D) A purpose of the rate regulation is to regulate cooperative action among insurers B The Businessowners Coverage Form to the Businessowners Policy provides coverage on which of the following basis? A) Modified Perils B) Simplified Perils C) Br...

P&C License Exam - Practice Test Questions and Answers Graded A+ Who would be able to collect survivor and death benefits from WC in the event the covered injury resulting in the death of an employee? Spouse of Employee Which type of crime best describes someone who waits until store personnel are preoccupied and pockets merchandise while no one is looking and leaves without detection Robbery Not a common exclusion in a liability policy damage caused by acts of civil disobedience an...

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

____ are the types of cause of loss form in a commercial package policy - Basic, Broad, or Special _____ is not eligible for a dwelling policy - Farm _______ are specifically excluded from coverage in Coverage C of the homeowner's policy? - Animals __________ acts like a deductible and is the amount of loss the insured must cover out of pocket when seeking coverage from an Umbrella policy? - Self -retention limit (SIR) A bird flying into the windshield of an auto is considered? - A compre...

N.C. Claims Adjuster Exam Latest 2023 Rated A+ Inception/Expiration Date an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date Date of which the loss occurred Identification of parties involved The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witness(s)....