Business value leakage Study guides, Class notes & Summaries

1 PROPERTY AND CASUALTY REVIEW EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ A unique exclusion that is found only in the Fine Art Floater is: Correct Answer: Art on Exhibition (Due to most frequent thefts during gallery showings) Which section of a Special form policy determines whether a peril is covered? Correct Answer: Exclusions New zoning laws prevent an Insured from replacing a destroyed property. If the Insured transfers ownership of the property to the ...

Texas All Lines Adjuster Exam The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as --------- CORRECT ANSWER ----- A recipient location recipient location --------- CORRECT ANSWER ----- Businesses who support insured by being the primary buyer for their products HO-3 (special form) --------- COR...

IAP 301 Final Exam | Verified with 100% Correct Answers John works in the accounting department but travels to other company locations. He must present the past quarter's figures to the chief executive officer (CEO) in the morning. He forgot to update the PowerPoint presentation on his desktop computer at the main office. What is at issue here? A. Unauthorized access to the system B. Integrity of the data C. Availability of the data D. Nonrepudiation of the data E. Unauthorized use of the sys...

Utah Property and Casualty Insurance Exam Questions and Answers 100% Pass Absolute Liability - Correct Answer ️️ -Liability that arises from an extremely dangerous situation. Absolute liability is often found in cases involving explosives. Also known as "strict" liability. For ex you are absolutely liable if you keep a wild animal as a pet. Accident - Correct Answer ️️ -A sudden and unexpected event, occurring at a specific time and place. Actual Cash Value (ACV) - Correct Answ...

Endorsements used to modify coverage extensions (6) 1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replacement cost - without deduction for depreciation - claims are paid on acv until repairs or replacements is complete and then difference is paid - does not apply to pp of others, contents of residence or fin...

Texas All Lines Adjuster Test with Verified Answers Updated 2024 The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as A recipient location recipient location Businesses who support insured by being the primary buyer for their products HO-3 (special form) covers the dwelling and other str...

Texas All Lines Adjuster Test with Verified Answers Updated 2024 The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as A recipient location recipient location Businesses who support insured by being the primary buyer for their products HO-3 (special form) covers the dwelling and other str...

Utah Property and Casualty Insurance Exam Questions and Answers 100% Pass Absolute Liability - Correct Answer ️️ -Liability that arises from an extremely dangerous situation. Absolute liability is often found in cases involving explosives. Also known as "strict" liability. For ex you are absolutely liable if you keep a wild animal as a pet. Accident - Correct Answer ️️ -A sudden and unexpected event, occurring at a specific time and place. Actual Cash Value (ACV) - Correct Answ...

Which of the following is a technology that tries to detect and stop sensitive data breaches, or data leakage incidents, in an organization? correct answersData loss prevention Data loss prevention (DLP) is a technology that tries to detect and stop sensitive data breaches, or data leakage incidents, in an organization. DLP is used to prevent sensitive data from being disclosed to an unauthorized person, whether it is deliberate or accidental. Data transmission security is the use of secur...

Endorsements used to modify coverage extensions (6) - 1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replacement cost - - without deduction for depreciation - claims are paid on acv until repairs or replacements is complete and then difference is paid - does not apply to pp of others, contents of residence or fine a...