Ga claims - Study guides, Class notes & Summaries

Ga Property & Casualty Insurance Study Guide with 100% Complete Solutions Personal Automobile Policy - Correct Answer ️️ -• Accounts for 40% of all premiums • Vehicles registered to individuals and operated primarily for personal activities o Driving to work is a personal activity o Policy allows use of vehicle for incidental business activities Financial Responsibility State - Correct Answer ️️ -• Georgia is a financial responsibility state o To legally operate an automobi...

GA Insurance Adjuster Course Exam Questions and Answers 100% Pass Six Special Characteristic of Insurance Contracts - Correct Answer ️️ -Personal, Adhesion, Utmost Good Faith, Aleatory, Unilateral, Condition Coverage F - Correct Answer ️️ -Medical Payments Umbrella - Correct Answer ️️ -An umbrella policy provided liability coverage over and above the normal or base limits of liability in a policy. An umbrella policy is a type of excess policy Risk Transference - Correct Answe...

Exam FX GA Property and Casualty 208 Questions with Complete Solutions In Return for premium, and insurance company must.. - Correct Answer Be Fair in underwriting and pay covered losses In return for premium, an insurance company must be fair and impartial in underwriting of risks and must pay claims made for all covered losses. The part of a policy that clarifies terms in the policy is the - Correct Answer Definitions The valued policy statute applies in which of the following events...

In GA, _____insurance cannot be written by a reciprocal type insurer. CORRECT ANS life No insurer or licensee doing business in Georgia may pay any commissions or valuable consideration to any person for services as an agent, subagent, or adjuster unless that person is duly licensed under the CORRECT ANS Code Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. CORRECT ANS Binding Standard and Poor's, A.M. Best and Moody's are examples ...

What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? Correct Answer: Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood hazard. What is the flood coverage on a regular program in a 1-4 Family Dwelling? Correct Answer: $250,000 On what policy can you add the Flood Program endorsement? Correct Answer: None! It has its own policy...

Risk In the insurance industry, risk can have two meanings: 1) the potential for financial loss; being exposed or open to damage, 2) an insured item. Risk Avoidance Insurers' practice of denying insurance applications that they believe would involve an inordinate amount of risk. 00:24 01:34 Risk Management Measures taken by an insurance company to ensure that their exposure is not too high and to control the effect of a loss; for example, an insurer might charge highe...

GA Navigator Training Questions and Answers Already Passed What permits an individual to apply a credit toward monthly health insurance premiums--up to a maximum amount? Advance premium tax credit The ACA does not allow insurers to underwrite or rate health insurance based on which of the following factors? Gender What is the name of the ACA provision that requires all health plans to use a certain percentage of all premium dollars collected as payments on claims for health care c...

In Return for premium, and insurance company must.. - Answer-Be Fair in underwriting and pay covered losses In return for premium, an insurance company must be fair and impartial in underwriting of risks and must pay claims made for all covered losses. The part of a policy that clarifies terms in the policy is the - Answer-Definitions The valued policy statute applies in which of the following events? - Answer-In the event of a total loss by fire to a one or two family residential build...

Ga Property & Casualty Insurance Study Guide with 100% Complete Solutions Personal Automobile Policy - Correct Answer ️️ -• Accounts for 40% of all premiums • Vehicles registered to individuals and operated primarily for personal activities o Driving to work is a personal activity o Policy allows use of vehicle for incidental business activities Financial Responsibility State - Correct Answer ️️ -• Georgia is a financial responsibility state o To legally operate an automobi...

"Your covered automobile" - all of the vehicles that you may be driving for the coverages in the policy and need coverage listed on the declarations page includes automobiles covered for newly acquired vehicles, additional and replacement Eligible Vehicles - o Private passenger automobiles o Trucks <10,000 lbs. o Vans <10,000 lbs. Owned or Leased No business activities covered for trucks and vans Financial Responsibility State - • Georgia is a financial responsibility state o...