Auto insurance exam - Study guides, Class notes & Summaries

NC ADJUSTER LICENSE PRACTICE EXAM 2024/2025 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED Manny is purchasing a Commercial Property policy with a Business Income form included. Manny can select from any of the following as a method to provide coverage, while avoiding the coinsurance requirement, EXCEPT: - CORRECT ANSWER The maximum monthly limit of indemnity optional coverage The traditional definition of actual cash value (ACV) is: - CORRECT ANSWER Replacement cost min...

Which one of the following is considered real property? Select one: A. An automobile B. A house C. Furniture D. A motorhome ️ B The Davis family suffered extensive fire damage to its home and was temporarily unable to inhabit it. The family was forced to rent a hotel room while its home was under repair. The cost incurred to rent the hotel room is referred to as which one of the following outcomes of loss? Select one: A. Lost income B. Increased expenses C. Reduction in value of p...

Auto Insurance Exam with verified solutions

NC Life Insurance Practice Exam Questions With 100% Correct Answers 2024 All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing North Carolina insurance laws. d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforcing the law is. answerc) Writing North...

NEW HAMPSHIRE ADJUSTER EXAM PREP: SERIES 12-75 QUESTIONS WITH CORRECT UPDATED ANSWERS GRADED A++ Which of the following best defines "insured"? A. Transfer of the risk of financial loss from one party to another B. A legally binding contract in which the insurance company agrees to pay for specified losses in exchange for premiums C. An individual or organization that pays premiums in exchange for financial protection D. A company, group, or government agency offering financial prot...

Owned Autos correct answer: Eligible vehicles titled by the insured or acquired during the policy period Non Owned Autos correct answer: any private passenger auto, pickup van or trailer operated by or in the custody of the named insured or family member, but are not titled by or furnished for the regular use of the insured. Hired Autos correct answer: leased hired, rented or borrowed from someone other than an employee or partner Liability coverage protects the insured against loss ...

Muller's Floral Shop uses vans to deliver flowers and is insured with a business auto policy. It wants auto liability coverage on all autos, but medical payments, UM/ UIM, and physical damage coverage only on owned autos. Which symbols does Muller's insurance agent recommend for these coverages? symbol 2 for all vehicles and coverages symbol 7 for liability on owned vehicles; symbol 4 for medical payments, UM/UIM, and physical damage coverage A: symbol 1 for liability coverage on any auto; ...

USPS 421 WINDOW CLERK EXAM / WINDOW CLERK 421USPS EXAM 300+REAL EXAM QUESTIONS AND 100% CORRECT ANSWERS 2022-2024 What is GIST --ANS-- Greet. Inquire, Suggest, Thank What is the postal service mission? --ANS-- Provide trusted, affordable universal service Why does the Postal service go by the 24 hr clock? --ANS-- To keep process on task to ensure collection and delivery is on time What is the minimum size of a letter --ANS-- 3 1/2 x 5 What do you get with Priority Mail Expres...

Owned Autos - Answer-Eligible vehicles titled by the insured or acquired during the policy period Non Owned Autos - Answer-any private passenger auto, pickup van or trailer operated by or in the custody of the named insured or family member, but are not titled by or furnished for the regular use of the insured. Hired Autos - Answer-leased hired, rented or borrowed from someone other than an employee or partner Liability coverage protects the insured against loss arising from legal liabilit...