Coverage B-Other Structures
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protects structures on the residence premises that are not attached to the
dwelling, such as a gazebo, detached garage or tool shed, driveway,
swimming pool, or fence.
Personal Auto Policy (PAP) combines:
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property and liability insurance in a single policy for individuals and
families.
,Boatowners Policy
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The most common type of watercraft policy for individuals and families. The
policy combines property, liability, Medial payments, and uninsured
boatowners coverage.
Which is NOT an optional benefit commonly available with long-term care insurance
policies?
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substance abuse coverage
The uninsured watercraft coverage of a boatowners insurance policy:
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pays compensatory damages arising from bodily injury that insured
Jonathon is legally entitled to recover from the owner or operator of
another watercraft that is uninsured
General Lines (license type 2-20)
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, writing general property and casualty business, including personal and
commercial lines. It will also enable the licensee to write errors and
omissions, workers compensation and bail bonds.
law of large numbers
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mathematical concept says that what is not predictable in a single instance
becomes predictable the greater number of similar instances are being
observed. Makes it possible for insurance mathematicians to predict losses
among a group of similar risks, as long as there are a sufficiently large
number of risks to observe.
Underwriter's risk analysis uses what elements in its decision?
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-completed application
-agency report
-loss history data
-motor vehicle record
-inspection report and photos
-loss control report
-credit information
In a typical basic medical expense policy, how does the insurer reimburse covered
expenses?
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, Reimbursement is paid at up to 100 percent of covered expenses, subject
to a maximum limit.
uberrimae fidae aka "utmost good faith"
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certain legal contracts, including insurance policies, are said to be
executed in utmost good faith since they presume full disclosure of all
pertinent facts on part of both contracting parties.
functional replacement cost
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used for older building that have components no longer found in modern
buildings.
Which statement is correct about motorcycle insurance, its coverage, and benefits?
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PIP benefits are not required on a motorcycle insurance policy.
policy provisions (D.I.C.E.D)
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protects structures on the residence premises that are not attached to the
dwelling, such as a gazebo, detached garage or tool shed, driveway,
swimming pool, or fence.
Personal Auto Policy (PAP) combines:
Give this one a try later!
property and liability insurance in a single policy for individuals and
families.
,Boatowners Policy
Give this one a try later!
The most common type of watercraft policy for individuals and families. The
policy combines property, liability, Medial payments, and uninsured
boatowners coverage.
Which is NOT an optional benefit commonly available with long-term care insurance
policies?
Give this one a try later!
substance abuse coverage
The uninsured watercraft coverage of a boatowners insurance policy:
Give this one a try later!
pays compensatory damages arising from bodily injury that insured
Jonathon is legally entitled to recover from the owner or operator of
another watercraft that is uninsured
General Lines (license type 2-20)
Give this one a try later!
, writing general property and casualty business, including personal and
commercial lines. It will also enable the licensee to write errors and
omissions, workers compensation and bail bonds.
law of large numbers
Give this one a try later!
mathematical concept says that what is not predictable in a single instance
becomes predictable the greater number of similar instances are being
observed. Makes it possible for insurance mathematicians to predict losses
among a group of similar risks, as long as there are a sufficiently large
number of risks to observe.
Underwriter's risk analysis uses what elements in its decision?
Give this one a try later!
-completed application
-agency report
-loss history data
-motor vehicle record
-inspection report and photos
-loss control report
-credit information
In a typical basic medical expense policy, how does the insurer reimburse covered
expenses?
Give this one a try later!
, Reimbursement is paid at up to 100 percent of covered expenses, subject
to a maximum limit.
uberrimae fidae aka "utmost good faith"
Give this one a try later!
certain legal contracts, including insurance policies, are said to be
executed in utmost good faith since they presume full disclosure of all
pertinent facts on part of both contracting parties.
functional replacement cost
Give this one a try later!
used for older building that have components no longer found in modern
buildings.
Which statement is correct about motorcycle insurance, its coverage, and benefits?
Give this one a try later!
PIP benefits are not required on a motorcycle insurance policy.
policy provisions (D.I.C.E.D)
