P is the insured on - Study guides, Class notes & Summaries

New York Adjuster Exam 2024 The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? - Answer ️️ -30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. - Answer ️️ -30 day Personal property that is covered under the Personal P...

XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated what is considered to be a characteristic of an immediate annuity benefit payments start within one payment period of purchase 3 MULTIPLE CHOICE OPTIONS which of these characteristics is consistent with a straight life policy premiums are payable for as long as there is insurance coverage in force 3 MULTIPLE CHOICE OPTIONS an insureds inability t...

CIC Commercial Multiline Actual test Questions With Answers Identify the three primary Purposes of Excess liability & Umbrella liability policies. Excess Liab - LO1 - ANSWER 1. Provides additional limits that are excess over underlying limits of insurance. ie: Auto Loss 1.8M. 2. Provides primary coverage when underlying poliy does not respond beacuse its aggregate limits of insurance are exhausted. ie: 2 GL claims 500k each; 3rd claim of $300k w/b paid by EL. It would drop down ...

Final Exam - Florida Life and Health | all 2023/24 questions and answers Which Unfair Trade Practice involves making a false statement on an insurance application in order to receive money from an insurer? - Misrepresentation Who owns a stock company? - A stock insurance company is owned by its stockholders. In Florida, which of the following is considered an Unfair Trade Practice? - Coercion Which of these options can an individual use their medical flexible spending account to pay for...

P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when P receives the policy and pays the premium A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be carrer? 20-Pay Life accumulates cash value faster than Straight Life How does an indexed...

At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - ANSWER Upon completion of the application Who elects the governing body of a mutual insurance company? - ANSWER policyholders An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - ANSWER Fair Credit Reporting Act What type of reinsurance contract involves two companies automatically sharing their ri...

CEBS - GBA Practice Exam 1 Questions and Answers 1. Which of the following statements correctly describes minimum require- ments that group benefit plans typically must meet in order to be prospec- tively rated on contract renewal?: The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements 2. Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a mathematica...

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use Loss o...

The only way to create an Xactimate estimate is through XactAnalysis. False With an Internet connection, you can download and upload a XactAnalysis assignment. True What are the steps in the 4-Step Estimating Process? 1.Claim Info 2.Sketch 3.Estimate Items 4.Complete It is mandatory to follow the 4-Step Estimating Process in its exact order. False At the fundamental level of learning, it is recommended to add or create a project from the Control Center tab. Fa...

End to end process to ensure mail is collected, distributed and delivered the type of clock the usps runs on - Answer- 24 hour clock Items sent within the US APO, FPO, UN, and its territories and possessions. - Answer- Domestic mail sets forth the policies, regulations and procedures governing domestic mail - Answer- DMM- Domestic Mail Manual sets forth policies, regulations, and procedures governing international mail - Answer- IMM- International Mail Manual contains policies and pr...