Sc pc insurance exam - Study guides, Class notes & Summaries

SC P&C Insurance Exam Study Guide

SC P&C Insurance Exam Study Guide QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES RATED A GRADE. SC P&C Insurance Exam Study Guide QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES RATED A GRADE. SC P&C Insurance Exam Study Guide QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES RATED A GRADE. SC P&C Insurance Exam Study Guide QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES RATED A GRADE.

Abandonment - ANSWER the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - ANSWER Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - ANSWER an unplanned, unforseen event which occurs suddenly and at a specific place Actual Cash Value - ANSW...

Abandonment - correct answer the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - correct answer Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - correct answer an unplanned, unforseen event which occurs suddenly and at a specific place ...

Abandonment - correct answer the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - correct answer Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - correct answer an unplanned, unforseen event which occurs suddenly and at a specific place ...

SC P&C Insurance Exam Study Guide Questions With Solutions 100% Correct Adhesion A contract offered on a "take-it-or-leave-it" basis by an insurer, in which the insured's only option is to accept or reject the contract. Any ambiguities in the contract will be settled in favor of the insured. Admitted Insurer An insurer to which a state insurance department has granted a license to do business within that state. Adverse Selection In general, the tendency for people with the gre...

SC P&C Insurance Exam Study Guide

Abandonment - ANSWER-the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - ANSWER-Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - ANSWER-an unplanned, unforseen event which occurs suddenly and at a specific place Actual Cash Value - ANSW...

SC P&C Producer Exam Section 6 Auto Insurance Questions and Answers

South Carolina Motor Vehicle Financial Responsibility Act Requires that all automobile drivers be able to show proof that they can pay for damages done to others up to a minimum amount if involved in an accident Required auto limits 25000/50000 for bodily injury and 25000 for property damage Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen Uninsured Motorist a driver involved in a vehicle accident who ...