OTL Practice Exam A 95 Questions with 100% Correct Answers | Verified

a) It does not certify the existence of insurance. - ️️Which of the following is not a definition of "Certificate of Insurance"? a) It does not certify the existence of insurance. b) May be a modified form of a policy. c) Issued as a convenience to a party who may have interest in the insurance. d) None of the above. d) Accident and Sickness, Crime and Robbery. - ️️The Casualty Department underwrites: a) Homeowner policies. b) Marine risks. c) Business property and stock. d) Accident and Sickness, Crime and Robbery. d) Today's market value of the property. - ️️Which statement best defines the term Actual Cash Value? a) It is the same as replacement cost. b) Is the replacement value of the property. c) Same as B above, less any accumulated depreciation. d) Today's market value of the property.