Sc insurance exam - Study guides, Class notes & Summaries

SC P&C Insurance Exam Study Guide Questions With Solutions 100% Correct Adhesion A contract offered on a "take-it-or-leave-it" basis by an insurer, in which the insured's only option is to accept or reject the contract. Any ambiguities in the contract will be settled in favor of the insured. Admitted Insurer An insurer to which a state insurance department has granted a license to do business within that state. Adverse Selection In general, the tendency for people with the gre...

Abandonment - correct answer the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - correct answer Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - correct answer an unplanned, unforseen event which occurs suddenly and at a specific place ...

Abandonment - correct answer the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - correct answer Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - correct answer an unplanned, unforseen event which occurs suddenly and at a specific place ...

SC P&C Insurance Exam Study Guide questions and answers 2024

SC P&C Insurance Exam Study Guide QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES RATED A GRADE. SC P&C Insurance Exam Study Guide QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES RATED A GRADE. SC P&C Insurance Exam Study Guide QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES RATED A GRADE. SC P&C Insurance Exam Study Guide QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES RATED A GRADE.

South Carolina Life Insurance Producer Exam Questions and Answers 2023 Producer - ANSWER Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer - ANSWER An agent who holds an insurance license in the state in which they live non-resident producer - ANSWER Agents who hold an insurance license in a different state than the one they live Broker - ANSWER agents that work on behalf of life insu...

SC P&C Insurance Exam Study Guide

Abandonment - Answer-the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - Answer-Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - Answer-an unplanned, unforseen event which occurs suddenly and at a specific place Actual Cash Value - Answer-...

SC Insurance Exam Questions and Answers

SC Insurance Exam Questions and Answers