Insuring commerical - Study guides, Class notes & Summaries

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CIC - Commercial Property Knowledge Checks Exam Questions and Complete Solutions Graded A+
  • CIC - Commercial Property Knowledge Checks Exam Questions and Complete Solutions Graded A+

  • Exam (elaborations) • 29 pages • 2024
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  •   Cancellation - Answer: 10 days before eff date for nonpayemnt 30 days for any other reason Changes/Endorsements - Answer: First Named Insured is authorized to make the changes Examination of Your Books and Records - Answer: The insurer may examine the insured's books and records anytime during the policy period and up to 3 years afterward. Inspections and Surveys - Answer: The insurer has the right, but is not obligated, to make inspections and surveys at anytime. These surve...
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AINS103 Practice Questions With 100% Verified Answers A+GRADED
  • AINS103 Practice Questions With 100% Verified Answers A+GRADED

  • Exam (elaborations) • 84 pages • 2024
  • AINS103 Practice Questions With 100% Verified Answers A+GRADED In property insurance, the term "Property in Transit" refers to which one of the following? - correct answer...Property while being transported by trucks, cars, buses, trains, airplanes, and ships. Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? - correct answer...Cost to...
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