Washington state property Study guides, Class notes & Summaries

Washington State Insurance Property & Casualty Exam Final COMPLETE SOLUTION Questions with 100% Correct Answers If a building under a BPP has been vacant over 60 days, the BPP will cover? - CORRECT ANSWER Fire, Wind, Explosion, and Volcano are all covered after 60 days of vacancy A CGL provides liability coverage for: - CORRECT ANSWER A person whose reputation is harmed by the insured's innocent dissemination of information. Law of Large Numbers - CORRECT ANSWER A principle stating ...

uthorized Insurer - ANSWER An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. Contact adhesion - ANSWER the accepter of the contract must "adhere" to the written contract inducement - ANSWER An action aimed at persuading insolvent - ANSWER Bankrupt; unable to pay debts. Transacting Insurance - ANSWER Conducting insurance business, such as soliciting or negotiating to buy or sell an insurance pol...

WASHINGTON STATE PROPERTY & CASUALTY INSURANCE 3 VERSIONS NEWEST EXAM2024 UPDATE 320QUESTIONS WITH 100% CORRECT ANSWERS GRADED A

Authorized Insurer Correct Answer An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. Contact adhesion Correct Answer the accepter of the contract must "adhere" to the written contract Inducement Correct Answer An action aimed at persuading Insolvent Correct Answer Bankrupt; unable to pay debts. Transacting Insurance Correct Answer Conducting insurance business, such as soliciting or negotiating ...

Apparent Authority - The appearance or the assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created. According to the state regulations pertaining to claim settlements, after receiving a notification of claim from an individual policyholder, the insured must acknowledge the notice within how many days? - 10 working days (business days) . (DRPL) Designated Responsible Licensed Person - Responsible for insurers complianc...

Washington State Property & Casualty Insurance Exam 2023/2024 GRADED A LATEST VERSION

Washington State Property & Casualty Insurance Exam - Program used: ExamFX Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

Washington State Property & Casualty Insurance Exam 2023/2024 GRADED A LATEST VERSION

WASHINGTON STATE PROPERTY & CASUALTY INSURANCE 3 VERSIONS NEWEST EXAM2024 UPDATE 320QUESTIONS WITH 100% CORRECT ANSWERS GRADED A

Punitive damages are intended to do all of the following EXCEPT 1. compensate for actual financial losses. 2. discourage others from doing wrong. 3. discipline the insured. 4. make an example of bad behavior. - compensate for actual financial losses When an insured selects symbol 2 on the automobile declarations, indicating coverage for any auto titled to the insured, which of the following automobile types will be covered? 1. any auto 2. mobile equipment 3. owned autos only 4. ...