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Exam Fx-Property and Casualty Exam Questions and Answers 100% Pass To be considered an insurable risk, a loss may NOT be catastrophic Which of the following persons would be required to hold a producer license? a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? ocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? the difference in the actual cash va...

Exam Fx (PROPERTY & CASUALTY) QUESTIONS AND ANSWERS 100% ACCURATEExam Fx (PROPERTY & CASUALTY) QUESTIONS AND ANSWERS 100% ACCURATEExam Fx (PROPERTY & CASUALTY) QUESTIONS AND ANSWERS 100% ACCURATE Law of Large Numbers - ANSWER-The larger the number of people with a similar exposure to loss, the more predictable actual losses will be. Insurance - ANSWER-Transfers the risk of loss from an individual or business entity to an insurance company The three elements of insurable risk are - ANSWE...

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VA Property & Casualty Exam FX, Insurance Exam with Complete Solutions The members of a limited liability company are insureds under a businessowners policy (BOP) if The limited liability company is designated as the named insured. An endorsement added to a businessowners policy that provides coverage for direct damage caused by utility service disruption stemming from a covered peril is called Utility Services - Direct Damage. Which of the following would be the insured's duty ...