Loss payee clause Study guides, Class notes & Summaries

FLORIDA CLAIMS ADJUSTER LATEST EXAM /CLAIMS ADJUSTER (FLORIDA) 270+ REAL EXAM QUESTIONS AND CORRECT ANSWERS|AGRADE The following are basic characteristics of a property or liability insurance contract, except: A. Personal Contract B. Conditional Contract C. Loss of Settlement Contract D. Contract of Adhesion - ANSWER- Loss of Settlement Contract The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the ...

The following are basic characteristics of a property or liability insurance contract, except: A. Personal Contract B. Conditional Contract C. Loss of Settlement Contract D. Contract of Adhesion - ANSWER- Loss of Settlement Contract The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss, to protect the property against further loss, and to give the insurer proof of the loss is defined as? A. Conditio...

FLORIDA CLAIMS ADJUSTER LATEST EXAM 2023-2024 REAL EXAM270+ QUESTIONS AND CORRECT ANSWERS The following are basic characteristics of a property or liability insurance contract, except: A. Personal Contract B. Conditional Contract C. Loss of Settlement Contract D. Contract of Adhesion - ANSWER- Loss of Settlement Contract The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss, to protect the property agains...

FLORIDA CLAIMS ADJUSTER LATEST EXAM PACK /CLAIMS ADJUSTER (FLORIDA) 270+ REAL EXAM QUESTIONS AND CORRECT ANSWERS|A GRADE| LATEST UPDATE. The following are basic characteristics of a property or liability insurance contract, except: A. Personal Contract B. Conditional Contract C. Loss of Settlement Contract D. Contract of Adhesion -- CORRECT ANSWER->>Loss of Settlement Contract The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used ...

Florida Claims Adjuster Exam 4 | 206 Questions with 100% Correct Answers 2024/2025 updated The following are basic characteristics of a property or liability insurance contract, except: A. Personal Contract B. Conditional Contract C. Loss of Settlement Contract D. Contract of Adhesion - CORRECT ANSWER Loss of Settlement Contract The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss, to protect the pro...

2-20 Florida Insurance Exam Questions and Answers 100% Pass Pure Risk - Correct Answer ️️ -a situation that presents the opportunity for loss, but no opportunity for gain. due to physical damage or bodily injury. Ex. Fire Loss- not anticipated but poss. Speculative Risk - Correct Answer ️️ -We speculate or have uncertainty about an event under consideration that could produce either profit or loss. Ex. Lottery or Betting Policy - Correct Answer ️️ -Written contract or agreem...

Florida Claims Adjuster Exam 2 | 206 Questions with 100% Correct Answers already passed 2023/2024/2025 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 f...

CIC Commercial Property Exam Questions with Complete Solutions Learning Objective 1A - Rights and Duties of the first Named Insured - Answer️️ 1. Authorization to Cancel 2. Receive Cancellation 3. Make Changes with Insurer Consent 4. Responsible for Payment of Premium 5. Payee (Receiver) for Return Premium Learning Objective 1B - How does Coinsurance apply? - Answer️️ Amount Carried/Amount Required x Loss = Recovery-Deductible (Settlement) or "Did Have"/"Should Have" x Loss...

"E-Sign Act" is short for: A. The Electronic Signatures Legitimization Act B. The Electronic Signatures in Global and National Commerce Act C. The Electronic Safety of Giving Net Authorization Act D. The Electronic Safety in Global and National Transactions Act - B. The Electronic Signatures in Global and National Commerce Act "Equity" is defined as: A. The difference between the fair market value of a property and the current balances of any liens B. The difference between the appra...

Business Law Flashcards 2024. Administrative Agencies - correct answer commissions or boards that have the power to regulate particular matters or implement laws Antitrust Laws - correct answer laws designed to prevent an individual, corporation, or other group from controlling too large a share of the market for a product Balloon Payment - correct answer payment more than twice the normal installment payments Bearer - correct answer payee of the instrument made payable to whomever is ...