What is exclusion - Study guides, Class notes & Summaries

What are 4 major loss exposures covered by CGL Form? LO1 1. Premises Liability (slip and fall due to water on the floor) 2. Operations Liability (Tree trimmer causes damage to power lines by removing fallen limbs) 3. Product Liability (ladder collapses when being used as intended) 4. Completed Operations A contractor installs a hot water heater and leaves the home, 2 days later, water overflows onto the floor causing damage because the hot water heater was improperly installed. ...

Why might a buyer want to ASSUME a LOAN? The buyer doesn't want to follow a lender qualification process. The existing loan has a lower interest rate than current market rates. The principal remaining on the existing loan is low. The transfer of the property won't need to be approved by the lender if the loan is assumed. - ANSWER The existing loan has a lower interest rate than current market rates. - ASSUMPTIONS are advantageous to a buyer if current interest rates are high and the e...

The speed of a wave (c) is the product of its frequency (ν) and wavelength (λ). E = hv = h x c / λ nm to m or m to nm 1 m / 10^9 nm or 10^9 nm / 1 m What is the maximum number of electrons that can have the quantum numbers n = 3, ℓ = 2, mℓ = -2? The Pauli exclusion principle states that no two electrons in a given atom can share the same set of four quantum numbers (n, ℓ, mℓ, ms). This set of quantum numbers contains three quantum numbers, with the only missing quantum num...

CIC Commercial Multi-Line Exam Questions and Answers Describe how inland marine insurance started - Answer ️️ -evolved from ocean marine -filled gap in coverage as good transitioned from ocean marine -cover goods in transit over land Does inland marine also apply to instruments of transportation and communication? - Answer ️️ Yes, ex. Bridges, tunnels, piers, cell towers, pipelines. What is the basic exclusion applicable to inland marine? - Answer ️️ Property in a fixed loca...

SI Life Exam Questions and Answers 100% Pass What kind of retirement plan can a 75-employee for profit corporation establish? Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT failure to pay all claims that are reported within 90 days after a loss occurs The settlement option t...

What is a drawback of heavy dependence on pesticide us? a. It is extremely expensive b. Pest resistance c. It negatively affects crop yields d. None of the above - ANSWER-b. Pest resistance ____________ are pesticides that are either naturally derived or synthesized. a. Chemical controls b. Biologic controls c. Natural controls d. Applied controls - ANSWER-a. Chemical controls Continual use of the same pesticide can lead to? a. Pesticide resistance b. Loss of public support c. L...

NC Life Insurance Exam Prep Questions and Answers Already Passed An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled An agent who signs a blank contract application or policy of insu...

SPCE 609 Final Exam - Questions with Verified Answers Pairing stimuli so that an unconditioned stimulus elicits a response is known as all of the following EXCEPT Shaping Jay is allowed to use his augmentative communication device only during break, lunch, and leisure time. According to his teacher, when his device is used during instructional time, it is distracting to other students. Which ethical rule has Jay's teacher ignored? right to therapeutic environment Which factors must be conside...

All states have educational mandates in their constitution. - correct answer True The _________ Amendment to the Constitution has become the legal basis for special education. - correct answer 14th Unless an appellate court finds a procudural problem or bias in a trial court's fact-finding process, the facts as determined by the trial court do not change. - correct answer ...

Exam Simulator FL-LH - FL Health and Life and Annuity 100% Pass A non-contributory plan requires _________ participation of all eligible employees 100% A characteristic of preferred provider organizations (PPOS) would be: Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? Commerce Additional coverage can be added to a whole Life policy by adding a(n): decreasing term rider What benefit does the payor clause on a Ju...