Otl exam b - Study guides, Class notes & Summaries
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OTL PRACTICE EXAM B QUESTIONS AND ANSWERS RATED A.
- Exam (elaborations) • 8 pages • 2023
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OTL PRACTICE EXAM B QUESTIONS AND ANSWERS RATED A.OTL PRACTICE EXAM B QUESTIONS AND ANSWERS RATED A.OTL PRACTICE EXAM B QUESTIONS AND ANSWERS RATED A.OTL PRACTICE EXAM B QUESTIONS AND ANSWERS RATED A.OTL PRACTICE EXAM B QUESTIONS AND ANSWERS RATED A.OTL PRACTICE EXAM B QUESTIONS AND ANSWERS RATED A.OTL PRACTICE EXAM B QUESTIONS AND ANSWERS RATED A.OTL PRACTICE EXAM B QUESTIONS AND ANSWERS RATED A.OTL PRACTICE EXAM B QUESTIONS AND ANSWERS RATED A.OTL PRACTICE EXAM B QUESTIONS AND ANSWERS RATED A.
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OTL Practice Exam A Questions and Answers Already Passed
- Exam (elaborations) • 43 pages • 2024
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OTL Practice Exam A Questions and 
 
Answers Already Passed 
 
Which of the following is not a definition of "Certificate of Insurance"? 
 
a) It does not certify the existence of insurance. 
b) May be a modified form of a policy. 
c) Issued as a convenience to a party who may have interest in the insurance. 
d) None of the above. a) It does not certify the existence of insurance. 
 
The Casualty Department underwrites: 
 
a) Homeowner policies. 
b) Marine risks. 
c) Business property and stoc...
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OTL PRACTICE EXAM A REVIEW QUESTIONS AND ANSWERS, RATED A+/ VERIFIED/[LATEST EXAM UPDATES]
- Exam (elaborations) • 27 pages • 2024
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OTL PRACTICE EXAM A REVIEW QUESTIONS AND 
ANSWERS, RATED A+/ VERIFIED/ 
a) It does not certify the existence of insurance. - -Which of the following is not a definition of 
"Certificate of Insurance"? 
a) It does not certify the existence of insurance. 
b) May be a modified form of a policy. 
c) Issued as a convenience to a party who may have interest in the insurance. 
d) None of the above. 
d) Accident and Sickness, Crime and Robbery. - -The Casualty Department underwrites: 
a) Homeowner ...
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OTL PRACTICE EXAM A REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+[LATEST EXAM UPDATES]
- Exam (elaborations) • 28 pages • 2024
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OTL PRACTICE EXAM A REVIEW QUESTIONS AND 
ANSWERS, 100% ACCURATE, GRADED A+ 
which legislation authorizes federal licensing and supervision of insurance companies and solvency 
standards for insurers - -the insurance company act 
who lends their expertise and expert knowledge to field underwriting units - -technical 
underwriters 
what would be found in the insuring agreements of a policy - -the subject matter and the perils 
insured against 
what is the term when the insurer is deprived of ...
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OTL PRACTICE EXAM A REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+[LATEST EXAM UPDATES]
- Exam (elaborations) • 27 pages • 2024
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OTL PRACTICE EXAM A REVIEW QUESTIONS AND 
ANSWERS, 100% ACCURATE, GRADED A+ 
a) It does not certify the existence of insurance. - -Which of the following is not a definition of 
"Certificate of Insurance"? 
a) It does not certify the existence of insurance. 
b) May be a modified form of a policy. 
c) Issued as a convenience to a party who may have interest in the insurance. 
d) None of the above. 
d) Accident and Sickness, Crime and Robbery. - -The Casualty Department underwrites: 
a) Homeow...
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OTL Practice Exam A Questions and Answers 100% Pass
- Exam (elaborations) • 32 pages • 2024
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OTL Practice Exam A Questions and 
Answers 100% Pass 
Which of the following is not a definition of "Certificate of Insurance"? 
a) It does not certify the existence of insurance. 
b) May be a modified form of a policy. 
c) Issued as a convenience to a party who may have interest in the insurance. 
d) None of the above. - Answer- a) It does not certify the existence of insurance. 
The Casualty Department underwrites: 
a) Homeowner policies. 
b) Marine risks. 
c) Business property and stock. 
d...
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OTL Practice Exam A 2024| Complete Verified Solution 100%
- Exam (elaborations) • 17 pages • 2024
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OTL Practice Exam A 2024| Complete Verified Solution 100% 
a) It does not certify the existence of insurance. 
Which of the following is not a definition of "Certificate of Insurance"? 
 
a) It does not certify the existence of insurance. 
b) May be a modified form of a policy. 
c) Issued as a convenience to a party who may have interest in the insurance. 
d) None of the above. 
d) Accident and Sickness, Crime and Robbery. 
The Casualty Department underwrites: 
 
a) Homeowner policies. 
b) Mar...
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OTL EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+[LATEST EXAM UPDATES]
- Exam (elaborations) • 11 pages • 2024
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OTL EXAM REVIEW QUESTIONS AND ANSWERS, GRADED 
A+ 
c. Spread the losses of a few over many - The main function of insurance is to 
a. Provide total security for everybody 
b. Provide a pool of capital so everyone who suffers a loss can be indemnified 
c. Spread the losses of a few over many 
d. Provide an aid to credit 
d. Forfeiture - The loss of a right as a result of the non-performance of some obligation is called 
a. Waiver 
b. Non-waiver 
c. Scienter 
d. Forfeiture 
b. Stock companies - W...
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OTL Practice Exam A Questions and Answers 100% Pass
- Exam (elaborations) • 32 pages • 2024
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OTL Practice Exam A Questions and 
Answers 100% Pass 
Which of the following is not a definition of "Certificate of Insurance"? 
a) It does not certify the existence of insurance. 
b) May be a modified form of a policy. 
c) Issued as a convenience to a party who may have interest in the insurance. 
d) None of the above. - Answer- a) It does not certify the existence of insurance. 
The Casualty Department underwrites: 
a) Homeowner policies. 
b) Marine risks. 
c) Business property and stock. 
d...
-
OTL EXAM PRACTICE QUESTIONS & ANSWERS. GRADED A+/ VERIFIED/[LATEST EXAM UPDATES]
- Exam (elaborations) • 12 pages • 2024
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OTL EXAM PRACTICE QUESTIONS & ANSWERS. GRADED 
A+/ VERIFIED/ 
Which exclusion is commonly found in the personal liability coverage of a homeowners policy? 
a. Damage caused to a neighbour's home 
b. Bodily injury caused because of negligence 
c. Damage caused to a neighbour's automobile 
d. Bodily injury caused by a criminal act - d. Bodily injury caused by a criminal act 
What type of coverage does a mobile home policy provide? 
a. Named perils on the building and contents, excluding damage...
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