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AL P&C University of Alabama Study Guide questions with correct answers
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If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis CORRECT ANSWER A. Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion CORRECT ANSWER B. Nonrenewal Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employee theft D. Loss of use CORRECT ANSWER D. Loss of use Which is a two party contract?
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Institution
Property And Casualty
Course
Property and casualty
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al pc university of alabama study guide questions
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