Pro rata share - Study guides, Class notes & Summaries
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Florida Claims Adjuster Exam questions with correct answers
- Exam (elaborations) • 56 pages • 2023
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Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: 
A. The first mortgagee, ABC 
B. The Insured 
C. Jointly to ABC and XYZ 
D. All listed interests CORRECT ANSWER D. All listed interests 
Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional interests ...
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Florida Claims Adjuster Exam Latest 2024/2025 Questions & Answers Verified Answers (100% CORRECT ANSWERS)
- Exam (elaborations) • 38 pages • 2024
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Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks 
were listed as additional interests on his homeowner policy. The insurance company will 
make a payment to: 
A. The first mortgagee, ABC 
B. The Insured 
C. Jointly to ABC and XYZ 
D. All listed interests - ANSWER D. All listed interests 
Remember that the insurer is not responsible to know the degrees of interest. In the 
event of a loss, one payment is made by the insurer and it is up to the additional 
interests on ...
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Private Pilot Checkride Oral Exam Questions And Revised Correct Answers
- Exam (elaborations) • 15 pages • 2024
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Private Pilot Checkride Oral Exam 
Questions And Revised Correct 
Answers 
Quiz 1 
NO acting as PIC in an aircraft that is carrying passengers or 
property for compensation or hire, NO acting as PIC for 
compensation or hire. 
1. MAY act as PIC of an aircraft in connection with a business 
only if it is incidental to the business and does not carry 
passengers or property for hire. 
2. May NOT pay less than pro rata share of the flight expenses 
when carrying passengers. 
3. MAY carry pass...
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New York State Property and Casualty Licensing Exam Latest Version Graded A+
- Exam (elaborations) • 14 pages • 2024
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New York State Property and Casualty 
Licensing Exam Latest Version 
 
Graded A+ 
 
Pro Rata Liability Clause is included in an insurance policy to deal with the problem of 
Duplicate insurance policies 
The purpose of this clause is to illustrate the method to determine each insurer's liability in case 
of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit 
bears to the total coverage carried. 
 
pro rata liability If a loss occurs that is covered b...
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New York State Property and Casualty Licensing Exam Questions and Answers Already Passed
- Exam (elaborations) • 12 pages • 2022
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New York State Property and Casualty Licensing Exam Questions and Answers Already Passed 
Pro Rata Liability Clause is included in an insurance policy to deal with the problem of Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit bears to the total coverage carried. 
pro rata liability If a loss occurs that is covered b...
Too much month left at the end of the money?
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Private Pilot Oral Exam Review Questions and Detailed Answers
- Exam (elaborations) • 19 pages • 2024
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Privileges and limitations as PIC you may not carry passengers for compensation or 
hire 
May not pay less than the pro rata share. 
May act as pic of charitable, nonprofit, or community event flight. 
Be reimbursed for aircraft operating expenses related to search and location operations. 
Only fuel, oil, airport expenditures, or rental fees. 
Demonstrate an aircraft inflight to a buyer pp is a salesman and has at least 200 hours 
of logged flight time. 
May act as PIC of aircraft towing a g...
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Study Guide for Florida Claims Adjuster Exam- 206 Questions with Complete Solutions
- Exam (elaborations) • 33 pages • 2024
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Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: 
A. The first mortgagee, ABC 
B. The Insured 
C. Jointly to ABC and XYZ 
D. All listed interests D. All listed interests 
Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional interests on working out ...
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Virginia Property and Casualty Insurance Exam Prep Latest Update Graded A+
- Exam (elaborations) • 18 pages • 2024
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Virginia Property and Casualty 
Insurance Exam Prep Latest Update 
 
Graded A+ 
 
Coninsurance A provision in a member's coverage that limits the amount of paid for a loss 
by the plan to a certain percentage (commonly 80%). 
failure to maintain coverage of 80% replacement value means the insured is essentially agreeing 
to retain some risk and share the potential loss with the insurer, thus becoming a "co-insurer" of 
the loss 
 
how old can the insured's bad credit history report be if use...
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Property and casualty (With 100% correct solutions)
- Exam (elaborations) • 16 pages • 2023
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Concealment correct answers Intentional withholding of information of a material fact that is crucial in making a decision. 
 
Warranty correct answers absolutely true statement upon which the validity of the insurance policy depends 
 
Representations correct answers statements believed to be true to the best of one's knowledge, but they are not guaranteed to be true 
 
Consideration correct answers Insurer's consideration is the promise to pay for losses; insured's consideration is the paym...
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Florida Claims Adjuster License Exam Questions With Correct Solutions 2024.
- Exam (elaborations) • 46 pages • 2024
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Available in package deal
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- $9.99
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Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: 
A. The first mortgagee, ABC 
B. The Insured 
C. Jointly to ABC and XYZ 
D. All listed interests - Answer D. All listed interests 
Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional interests on ...
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