Annual transit policy - Study guides, Class notes & Summaries

2-20 General Lines Florida Insurance Exam Questions and Answers 100% Pass Abandonment Clause - Correct Answer ️️ -often contained in a p/c policy stating that the insured cannot abandon damaged property to the (dump on) insurer and demand reimbursement for the full value. Accounts Receivable Coverage Form - Correct Answer ️️ -Inland Marine Coverage form which insures against loss the insured suffers becasuse of an inability to collect from customers when AR records are damaged. A...

Abandonment Condition - correct answer A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - correct answer A loss that occurs at a specific time and place Actual Cash Value (ACV) - correct answer Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer - correct answ...

Abandonment Condition - A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - A loss that occurs at a specific time and place Actual Cash Value (ACV) - Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer - Company that meets a state insurance department's standards and i...

State Farm Insurance License Exam Questions and Answers Abandonment Condition - Answer- A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - Answer- A loss that occurs at a specific time and place Actual Cash Value (ACV) - Answer- Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; author...

State Farm Insurance License Exam Questions and Answers Abandonment Condition - Answer- A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - Answer- A loss that occurs at a specific time and place Actual Cash Value (ACV) - Answer- Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; author...

FLORIDA FUNERAL LAW EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. punishment for performing without license - -payment to persons affected, investigation costs, fines up to 10,000 for each violation punishment of *court* for violations - -fine up to 5,000 per violation, 10,000 on any non licensed person, departments attorney fees punishment for copying or distributing answers/questions from exams - -3rd degree felony punishment for giving false info in obtaining a license/ tr...

Abandonment Condition - Answer- A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - Answer- A loss that occurs at a specific time and place Actual Cash Value (ACV) - Answer- Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer - Answer- Company that meets a state insur...

AINS 103 Exam Review Questions with Verified Solutions In property insurance, the term "property in transit" refers to which one of the following? C. Property while being transported by trucks, cars, buses, trains, airplanes, and ships Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? B. Cost to rent temporary office space Rad...

What part of the insurance contract describes the covered perils and the nature of coverage of the contractual agreement between the insurer and the insured? a.) Insuring agreement B.) Exclusions C.) declarations D.) Conditions - Answer- Insuring agreement - The part of the contract that describe as the covered perils and the nature of coverage of the contractual agreement between the insurer and the insured is called the insuring agreement All of the following are considerations in ...

Property and casualty insurance Exam Questions and Answers Updated Nov 2022. A banker is ready to close on a customer's loan. The bank is prepared to offer the loan but only if the customer purchases a life insurance policy from the bank in the amount of the loan. This is an example of A builder's risk form is most often written as which of the following? A building is insured, but no one has lived or worked in it for 10 years. The building is completely empty of any furniture or perso...