Standard fire policy - Study guides, Class notes & Summaries

STATE FARM LICENSE (Standard Fire Policy) EXAM STUDY GUIDE RATED A.

Standard Fire Policy (SFP) - ANSWER Introduced in New York in 1873 as the first standardized property insurance policy. NC adopted the 1943 version as the basis for all property insurance contracts. The SFP is NOT sold as a stand-alone policy anymore. Instead, it's the basis for all non-marine property insurance contracts in NC. Covered Perils in the SFP - ANSWER The SFP was written as a very basic property ONLY coverage policy and covers 3 named perils: 1) Fire 2) Lightning 3) Rem...

State Farm License- Standard Fire Policy Questions and Answers Updated (2024/2025) (Verified Answers)State Farm License- Standard Fire Policy Questions and Answers Updated (2024/2025) (Verified Answers)State Farm License- Standard Fire Policy Questions and Answers Updated (2024/2025) (Verified Answers)State Farm License- Standard Fire Policy Questions and Answers Updated (2024/2025) (Verified Answers)State Farm License- Standard Fire Policy Questions and Answers Updated (2024/2025) (Verified Ans...

State Farm License- Standard Fire Policy Questions and Answers (2024 / 2025) (Verified Answers)State Farm License- Standard Fire Policy Questions and Answers (2024 / 2025) (Verified Answers)State Farm License- Standard Fire Policy Questions and Answers (2024 / 2025) (Verified Answers)State Farm License- Standard Fire Policy Questions and Answers (2024 / 2025) (Verified Answers)

Which of the following statements is NOT TRUE regarding the "Extended Period of Indemnity" option of the Business Income form? - ANSWER-The coverage applies for 120 days following the period of restoration When a Hawaii employee sustains an injury requiring medical treatment beyond first aid, how long does the employer have to report the accident to the Director of Labor and Industry relations? - ANSWER-7 working days After paying a claim an insurance company may have the right to pursue...

Standard Fire Policy - the policy written for both Personal Lines (residential home or dwelling) or as Commercial Lines (official building) are the same! - fire insurance is another name for property insurance - can insure the building structure and/or the personal property. - not a HO policy since it does not cover theft of content and does not have liability coverage - never sold w/o adding Endorsement to the policy. (Endorsement is a form added to a policy that changes the policy's pro...

FIRE INSTRUCTOR 3 FINAL EXAM COMPLETE 2025 UPDATE.VERIFIED QUESTIONS AND ANSWERS. what is the term used to define what an employer does to assist an individual with a disability covered by the Americans with Disability Act - CORRECT ANSWER >>Reasonable accommodation Making fun of another person's religious beliefs, or allowing students in a class to harass a student due to their religion, is covered by - CORRECT ANSWER >>Civil Rights Act of 1964 Performance standards for ...

Which of the following helps to create a sense of continuity in group development? - Answer Officers continually reminding subordinates that they are part of a larger group or organization What should the company officer do if a subordinate appears to have a psychological/emotional problem? - Answer Seek guidance from a superior officer and/or the employee assistance program (EAP) The organization vests the ____ with the authority to be the formal group leader. - Answer company officer ...

What is the overall mission of the fire service? Save lives and protect property and the environment An ______ concept allows all responders to use a similar, coordinated approach with a common set of authorities, protections, and resources All Hazard A type of fire departmental organizational structure where decisions and information are directed from the top and filtered down through intermediate levels to the base can be described as: Scalar Most fire departments are o...

NEW YORK INDEPENDENT FIRE ADJUSTER EXAM SIMULATOR - SERIES 17-64 RATED A+ Mason has suffered a $42,000 loss to his commercial building due to fire. The building is covered under the Building & Personal Property coverage form and had been vacant for 74 days. The insurer would have paid the entire loss if the building had been occupied, but what will they pay because the insured building was considered vacant? $28,980. $42,000. $6,300. $35,700. For a loss that would otherwise be covered for th...