Accidental properties - Study guides, Class notes & Summaries

Binder - Temporary insurance Usually given by the agent—verbal or in writing Can be canceled by the company Does not guarantee a policy will be issued Automatically ends if a policy is issued by the underwriter Assigned risk plans - A plan through which people can buy insurance if they are unable to purchase insurance in the regular or voluntary market, because of their high risk or other factors. An insurer who terminates an appointment, employment, or other relationship of an agent mu...

HAZWOPER 40 Exam Prep - Hazardous Chemical Awareness & Radiological Hazards (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Hazardous Chemical Awareness Q: Lesson Description Answer: We encounter and use hazardous chemicals all the time in our everyday lives. Because these materials seem commonplace, often people become lax and careless around them. This happens around the workplace as well, and the outcomes can be more dangerous when dealing with larg...

Speculative Risk - ️️Involves an uncertainty of loss, as well as a possibility of gain. It is the type of risk found in gambling, stock market, and business ventures. These risks are uninsurable. Elements of an Insurable Risk - ️️A: Loss must be definite and definable. B: Loss must be accidental. C: The chance of loss must be calculable. D. The law of large numbers must apply. E: Loss must create a financial hardship. F: Insurance must be offered at a reasonable cost. G:* Loss m...

MSSC Quality Verified Solutions What is the primary purpose of a Material Safety Data Sheet (MSDS)? The primary purpose of an MSDS is to provide information about the properties of a chemical substance and to ensure safe handling, storage, and disposal. Why is it important to wear personal protective equipment (PPE) in a workplace? Wearing PPE is crucial for protecting employees from potential hazards and reducing the risk of injury or illness. What does the acronym OSHA stan...

Maryland State Board Cosmetology Exam Questions and Answers 100% Score Where must a cosmetologist's license be places? - Correct Answer ️️ -In full view of the public How many apprentices can one senior cosmetologists have at a time? - Correct Answer ️️ -1 How many hours a week must an apprentice train at minimum? - Correct Answer ️️ - 20 To pass the examinations, you must score ___% on both the theory and the practical - Correct Answer ️️ -75% How much does it cost to...

Where must a cosmetologist's license be places? - Answer-In full view of the public How many apprentices can one senior cosmetologists have at a time? - Answer-1 How many hours a week must an apprentice train at minimum? - Answer-20 To pass the examinations, you must score ___% on both the theory and the practical - Answer-75% How much does it cost to renew your cosmetologist's license? - Answer-$25 What is the fine for operating without a valid license? - Answer-$300 What is the fine fo...

Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...

Accelerated Benefits - Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses Accidental death benefits - a policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death accidental death insurance - an insurance policy that provides payment if the insureds death is the result of an accident accumulation period - the time before an an...

MN Real Estate Salesperson Questions and Answers Already Passed An Override (Broker Protection) Clause may not exceed 6 months Residential 2 years for Commercial Meth Labs must be Disclosed Do NOT need to disclose HIV/AIDs, Suicide, Accidental Death, natural death, nursing home, paranormal activity Megan's Law is for Sex Offenders, as a salesperson you must direct client to MN Dept of Corrections to look up sex offenders Seller who fails to disclose a seller is responsible ...

Illinois Life & Health Insurance Exam Already Graded A+ Accelerated Benefits ️Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses Accidental death benefits ️a policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death accidental death insurance ️an insurance policy that provides payment if the insureds death is the result ...