Contract carriers - Study guides, Class notes & Summaries

PA Accident and Health Insurance Questions and Answers Graded A+ Why are dividends from a mutual insurer not subject to taxation? because dividends are considered to be a return of premium what kind of life insurance policy issued by a mutual insurer provides a return of divisible surplus? participating life insurance policy A plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called a self funded plan An insurer's clai...

What % of the total freight tonnage does motor carrier industry represent? : 70% What is the difference between for-hire and private carriers? : For-hire provide services to the public and charge a fee Private provide a service to the industry or company that owns or leases the vehicles and don't charge a fee but do incur a cost What is the difference between common carriers and contract carriers? : Common carriers are required to serve the general public upon demand, at reasonable ra...

IMM 13 EXAM QUESTIONS WITH CORRECT ANSWERS Which mode would provide the slowest service capability? A) air B) rail C) water D) motor - Answer- C) water A contract carrier provides: A) published rates. B) a scheduled service. C) a service available to the general public. D) all of the above E) none of the above - Answer- E) none of the above In which case(s) would you use common carriers instead of contract carriers? A) shipment to customers by a mail order house B) reg...

CISR Agency Operations Self Quiz 50 Questions with Answers Which one of the following best describes actual authority? - CORRECT ANSWER When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - CORRECT ANSWER Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? - CORRE...

WGU Academy Statistics Which of the following is true regarding a probability of an event P(A)? - ANS 0≤P(A)≤1 The probability of an event can any number between 0 and 1, including 0 and 1. In other words, the probability of an event cannot be more than 1 or less than 0. Which of the following represents the probability of an event that is more likely not to occur than it is to occur, but would not be unusual for it to occur? - ANS 0.32 1250 randomly chosen in...

What is the primary purpose of a rating service company such as A.M Best? - Ans: Determine financial strength of an insurance company What is considered to be the primary reason for buying life insurance? - Ans: Provide death benefits Which of the following is NOT considered advertising? - Ans: A rating from a rating service company, such as A.M. Best A plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called - Ans: A self-f...

FL Life, Health and Annuities Licensing 2-15 Latest 2024 Already Passed 3 ways insurance contracts are different than other legally binding documents Number one. They are aleatory. Meaning the insured pays a premium but may not receive anything back. Number 2. They are contracts of adhesion meaning the contract was prepared by one party. number 3. They are unilateral meaning only the insurance company promises anything in the contract How long life insurance has to challenge the validity of a c...

All of the following are producer responsibilities to the applicant, except: - Offering and selling only the lowest premium policy ___________ manufacture and sell insurance coverage in the form of policies or contracts of insurance. - Insurers When both parties must perform certain duties and follow certain rules of conduct to make a contract enforceable refers to a(n) __________ contract. - Conditional _____________ insurance allows for insurance coverage to be obtained when not availabl...

SCMT 3443 Transportation Test 1top parcel carriers in the U.S. - correct answer UPS and Fedex top TL companies - correct answer JB Hunt, Swift, Schneider top LTL companies - correct answer YRC worldwide, Conway, Old dominion, Arc best, top overall carrier companies - correct answer Ups, Fedex, Jb Hunt Are trucks loaded quickly? - correct answer Yes, they are the fastest mode to load. They do not have many travel constraints. Is competition an issue in the trucking industry? - corr...

PUBLIC ADJUSTER QUESTIONS AND ANSWERS ALREADY PASSED Program Trigger for terrorist acts must cause a collective damage in excess of? • $100,000,000 TF A public adjuster may own no more than 50% in a salvage or similar business? • F General Average • Loss shared by all parties Particular Average • Only one party shares in the loss. In a home owner policy there is no deductible for • Liability Coverage In BOP covered property is listed and described in what part of th...