Webce flash qa 2025 - Study guides, Class notes & Summaries
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WebCE Flash Questions and Correct Solutions 2024
- Exam (elaborations) • 7 pages • 2024
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WebCE Flash Questions and Correct 
Solutions 2024 
Indirect Loss - Answer -A secondary loss that follows from a direct loss to insured property from a 
covered peril. 
Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that 
follows the direct loss of the home. 
Exclusive Agency System - Answer -An insurance distribution system in which producers (agents) 
represent a single company. 
Ex. In the exclusive agency system, insurers use independent c...
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