Jeremy miles - Study guides, Class notes & Summaries

Florida Claims Adjuster Exam Knowledge Check with complete solutions | Latest 2023/2024 Severability -- Insurance applies separately to each insured as if other insureds did not exist. Abandonment -- Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest -- One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization -- Stat...

Real Estate Practice Exam 2 AceableAgent Questios with 100% Correct Answers Which of these is a red flag for predatory lending? - answerThere are unexpected, undisclosed lender fees that appear at closing. Percy is a broker who oversees three agents. If one of the agents violates the law, which of the following is TRUE of Percy? - answerBecause of his vicarious liability Percy may be held liable for the agents actions. The government seizes Farsch's property to expand a highway. What is ...

Severability - ANSWER Insurance applies separately to each insured as if other insureds did not exist. Abandonment - ANSWER Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - ANSWER One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization - ANSWER States that if the insurer adopts a revision which would broaden...

Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional interests on working...

Severability - CORRECT ANSWER Insurance applies separately to each insured as if other insureds did not exist. Abandonment - CORRECT ANSWER Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - CORRECT ANSWER One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization - CORRECT ANSWER States that if the insurer adop...

This optional provision states that if the insured becomes totally disabled, premiums are waived but the coverage remains in force: A. Waiver of Subrogation B. Waiver of Premium C. Waiver of Value D. None of the Above - B. Waiver of Premium "premiums are waived" Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. ...

Frank owned a home that was destroyed by a hurricane. Both TD Bank and Bank of America were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, TD Bank B. The Insured C. Jointly to TD Bank and Bank of America D. All listed interests - D. All listed interests Insurance applies separately to each insured as if other insureds did not exist. This is defined as: A. Severability B. Conditional C. Warranty D. None o...

Severability - ANSWER-Insurance applies separately to each insured as if other insureds did not exist. Abandonment - ANSWER-Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - ANSWER-One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization - ANSWER-States that if the insurer adopts a revision which would broaden cov...

Real Estate Practice Exam 2 AceableAgent Questios with 100% Correct Answers Which of these is a red flag for predatory lending? - answerThere are unexpected, undisclosed lender fees that appear at closing. Percy is a broker who oversees three agents. If one of the agents violates the law, which of the following is TRUE of Percy? - answerBecause of his vicarious liability Percy may be held liable for the agents actions. The government seizes Farsch's property to expand a highway. What is ...

Florida Claims Adjuster Exam |Questions with 100% Correct Answers 2024 Severability - answerInsurance applies separately to each insured as if other insureds did not exist. Abandonment - answerProperty insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - answerOne wherein economic loss would be suffered from an adverse happening to the subject. Liberalization - answerSt...