Indemnity Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Indemnity? On this page you'll find 5002 study documents about Indemnity.
Page 4 out of 5.002 results
Sort by
![KY Property & Casualty Insurance Exam 2024 with 100% correct answers](/docpics/4331991/65b2c6bcb72d0_4331991_121_171.jpeg)
-
KY Property & Casualty Insurance Exam 2024 with 100% correct answers
- Exam (elaborations) • 10 pages • 2024
-
- $12.49
- 1x sold
- + learn more
Faulty wiring in a home is an example of a: 
a) loss 
b) peril 
c) risk 
d) hazard - correct answer Hazard 
 
When a person buys insurance what method of handling risk has been undertaken? 
a) transfer 
b) reduction 
c) avoidance 
d) retention - correct answer Transfer 
 
In property and casualty insurance, insurable interest must exist: 
a) at the time a change is made to a policy 
b) at the time of policy application 
c) at the time of loss 
d) at the time of policy solicitation - correct...
![PSI Insurance Exam OH Life, Accident, and Health Questions and Answers Latest 2024](/docpics/4879424/6608dc461e8fd_4879424_121_171.jpeg)
-
PSI Insurance Exam OH Life, Accident, and Health Questions and Answers Latest 2024
- Exam (elaborations) • 23 pages • 2024
- Available in package deal
-
- $7.99
- 1x sold
- + learn more
What is it called when a life insurance policy pays a multiple of the coverage 
amount when certain types of accidents occur? - CORRECT ANSWER-multiple 
indemnity 
Upon the issuance of a conditional receipt for a renewal when the premium is 
paid AFTER the time granted by the insurer, what is the maximum amount of 
time for reinstatement of the policy? - CORRECT ANSWER-30 days 
Which of the following statements regarding a pure life annuity payout option is 
correct? - CORRECT ANSWER-This option...
![Adjuster Pro - Insurance Adjuster Test: insurance Adjuster Test Study Guide: Questions & Answers: Updated Solution](/docpics/2750312/6461f9fd12afb_2750312_121_171.jpeg)
-
Adjuster Pro - Insurance Adjuster Test: insurance Adjuster Test Study Guide: Questions & Answers: Updated Solution
- Exam (elaborations) • 22 pages • 2023
- Available in package deal
-
- $7.99
- 1x sold
- + learn more
What is insurance? 
 (Ans- protection against financial loss 
 
what is a premium 
 (Ans- a scheduled amount to be paid for an insurance policy. 
 
What are premiums used for 
 (Ans- premiums are collected into a "pool" or "reserve to pay out claimants when needed. 
 
how can insurance companies afford to pay for an individuals catastrophic loss? 
(Ans- the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. 
 
what is Indemnity 
 (Ans- payment for...
![XCEL - NY - Exam Simulator 1 Insurance | 2023 | 160 Questions with 100% Correct Answers | Updated & Verified | 22 Pages](/docpics/3206104/64d12e1b48912_3206104_121_171.jpeg)
-
XCEL - NY - Exam Simulator 1 Insurance | 2023 | 160 Questions with 100% Correct Answers | Updated & Verified | 22 Pages
- Exam (elaborations) • 22 pages • 2023
- Available in package deal
-
- $16.49
- 1x sold
- + learn more
Jonas is a whole life insurance policyowner and would like to add coverage for his two children. 
Which of the following products would allow him to accomplish this? - Child Term Rider 
Lisa has recently bought a fixed annuity. Which of these is considered to be a disadvantage of 
owning this type of annuity? - During periods of inflation, annuitants will experience a 
decrease in purchasing power of their payments. 
In contrast to a guaranteed renewable policy, a noncancellable policy - may nev...
![Adjuster Pro - Insurance adjuster test latest 2023 already passed](/docpics/63eb4ce81cedc_2369548.jpg)
-
Adjuster Pro - Insurance adjuster test latest 2023 already passed
- Exam (elaborations) • 31 pages • 2023
-
Available in package deal
-
- $9.99
- 3x sold
- + learn more
Adjuster Pro - Insurance adjuster test latest 2023 already passed What is insurance? protection against financial loss 
what is a premium a scheduled amount to be paid for an insurance policy. 
What are premiums used for premiums are collected into a "pool" or "reserve to pay out claimants when needed. 
how can insurance companies afford to pay for an individuals catastrophic loss? the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. 
what is Ind...
![ACA Final Exam Questions and Answers 2023](/docpics/2947942/6494baa41e635_2947942_121_171.jpeg)
-
ACA Final Exam Questions and Answers 2023
- Exam (elaborations) • 11 pages • 2023
-
Available in package deal
-
- $19.49
- 2x sold
- + learn more
ACA Final Exam Questions and Answers 2023 
At the end of this course, you must do which of the following? 
 
Pass the final course exam with a scored of 70% or higher 
 
Print your certificate from this website 
 
Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at 
 
All of the above 
All of the above 
 
 
 
Which of the following is NOT one of the duties of the Department of Financial Services? 
 
License adjusters 
Set rates and write policies ...
![California PSI Site - Life, Accident and Health Agent Examination (Life Agent) | Questions & Solutions (100% Correct)](/docpics/4756934/65f557617676e_4756934_121_171.jpeg)
-
California PSI Site - Life, Accident and Health Agent Examination (Life Agent) | Questions & Solutions (100% Correct)
- Exam (elaborations) • 19 pages • 2024
-
Available in package deal
-
- $12.30
- 1x sold
- + learn more
California PSI Site - Life, Accident and Health Agent Examination (Life Agent) | Questions & Solutions (100% Correct) 
California PSI Site - Life, Accident and Health Agent Examination (Life Agent) | Questions & Solutions (100% Correct) 
 
Admitted Insurance Company vs. Non-Admitted Insurance Company - ANSWER - An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) 
 
A non-...
![CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions with 100 % correct Answers | Verified](/docpics/2926764/6490b2390048d_2926764_121_171.jpeg)
-
CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions with 100 % correct Answers | Verified
- Exam (elaborations) • 8 pages • 2023
- Available in package deal
-
- $16.99
- 2x sold
- + learn more
Admitted Insurance Company vs. Non-Admitted Insurance Company - An admitted insurance 
company is authorized to transact insurance in California because it has a Certificate of Authority 
granted by the California Department of Insurance (CDI) 
A non-admitted insurance company is not authorized to transact insurance in California because of 
failing to comply with California requirements or did not seek admission 
Pure Risk vs. Speculative Risk - Pure risks are insurable but Speculative risks ar...
![Michigan Property & Casualty Exam 2023/2024 with Complete Solutions](/docpics/3099838/64b966eec499e_3099838_121_171.jpeg)
-
Michigan Property & Casualty Exam 2023/2024 with Complete Solutions
- Exam (elaborations) • 23 pages • 2023
-
Available in package deal
-
- $12.99
- 2x sold
- + learn more
Indemnity - ANSWER-a payment for damages or loss 
 
Risk - ANSWER-Uncertainty or chance of loss occurring 
 
Pure Risk - ANSWER-Presents the chance of loss with no opportunity for gain 
 
Speculative Risk - ANSWER-Presents the chance of loss with an opportunity to gain (Like Gambling) 
 
Exposure - ANSWER-a unit of measurement used to determine rates charged for insurance coverages. 
 
Hazards - ANSWER-Conditions or situations that increase the probability of an insured loss occurring. 
 
Peril ...
![LML4805 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED MEMO- DISTINCTION GUARANTEED)](/docpics/2766799/64661ce630f4c_2766799_121_171.jpeg)
-
LML4805 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED MEMO- DISTINCTION GUARANTEED)
- Exam (elaborations) • 10 pages • 2023
-
- $16.98
- 4x sold
- + learn more
LML4805 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED MEMO- DISTINCTION GUARANTEED) 
 
Question 1 
 
(a) Distinguish between the essential features of an insurance contract and the general requirements of a valid contract; then address the consequences if any of these are absent. 
In your answer, also mention one example of an essential feature of an insurance contract and one example of a validity general requirement of a contract. (5) 
(b) Describe any two informal risk-sprea...
![Verkoop je kennis op stuvia](https://www.stuvia.com/hosted-imgs/app/stock-fotos/banner_seller_big.jpg)
How did he do that? By selling his study resources on Stuvia. Try it yourself! Discover all about earning on Stuvia