Ok property and casualty - Study guides, Class notes & Summaries

Risk - ANSWER-The uncertainty or possibility of financial loss. (2 types: Speculative risk and Pure risk) Speculative Risk - ANSWER-Chance of financial loss with the possibility of gain or loss. This type of risk is not insurable. Example is gambling. Pure Risk - ANSWER-Chance of financial loss with no possibility of gain. The only potential outcome is loss. Loss - ANSWER-Unintended unforeseen damage or injury measurable in financial terms. Peril - ANSWER-The actual cause of a loss. ...

An insured would be prudent to rely upon health insurance to cover injuries sustained in an auto accident because medical payments coverage under a personal auto policy. (PAP - has relatively low limits If a group of insureds are rated by class, they will -be charged the same premium rate Nelson is the president of his company and has a company car. He does not have a personal auto policy because he does not own another vehicle. Which endorsement to his company's business auto policy (BAP...

OK Exam PE-2 State Regulations with Complete SolutionsOK Exam PE-2 State Regulations with Complete SolutionsOK Exam PE-2 State Regulations with Complete SolutionsOK Exam PE-2 State Regulations with Complete Solutions A license who does not comply with the continuing education requirements outlined in O.S. 36 1435.29 is subjet to all of the following EXCEPT: a.) suspended license b.) double license fees c.) a fine of $1,000 d.) non-renewed license - ANSWER-a fine of $1,000 The maximum obl...

Iowa Casualty Practice Exam with Correct Solutions 2024 An insured would be prudent to rely upon health insurance to cover injuries sustained in an auto accident because medical payments coverage under a personal auto policy. (PAP - Answer -has relatively low limits If a group of insureds are rated by class, they will - Answer -be charged the same premium rate Nelson is the president of his company and has a company car. He does not have a personal auto policy because he does not own anot...

The Commissioner must examine the financial affairs of each admitted insurer operating in Oklahoma at least once every how many years? - correct answer5 years Maximum penalty for acting on a revoked, suspended or surrendered license is $__________ and up to __________ years in jail - correct answer$5K; 5 years Written proof of loss must be supplied to an insurer within what period of time? - correct answer60 days Insurer must respond by settling or rejecting claim within how many days o...

RCFE California Practice Test Questions and answers, 100% Accurate. Graded A+ Between meals, snacks shall be available to all residents unless limited by a physician, 87555 - True Powdered milk may be used as a beverage 87555 - False ok in cooking ingredients At least one bathtub or shower is required for each ___person(s) which includes residents, family and live-in personnel 87307 5 6 10 - 10 Which of the following are considered to be "an appropriately skilled professional? 8...

An insured would be prudent to rely upon health insurance to cover injuries sustained in an auto accident because medical payments coverage under a personal auto policy. (PAP - Answer- has relatively low limits If a group of insureds are rated by class, they will - Answer- be charged the same premium rate Nelson is the president of his company and has a company car. He does not have a personal auto policy because he does not own another vehicle. Which endorsement to his company's business...

Texas Property & Casualty License Exam 2021 Questions and Answers Verified (A+ Score) Property vs Casualty: What is considered property? - Structure & Personal Property Property vs Casualty: What is considered casualty? - Non-property losses. Legal liability to others. 3rd Party. Casualty insurance means that the policy includes liability (accountability or responsibility) coverages to help protect you if you're found legally responsible for an accident that causes injuries to another p...

ARF Title 22 Exam Questions and Answers 100% Verified What are the 6 activities of ADLs? - Activities of Daily Living 1.) Bathing, 2.) Dressing, 3.) Toileting, 4.) Transferring 5.) Continence, 5.) Eating What does basic services mean? services required by applicable law/regulation to be provided by the licensee in order to obtain and maintain a community care facility license What does care and supervision mean? One or more of the following activities provided by a person or...