Social Science Business Insurance
Crop-Hail Exam
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Students also studied
Billing and Insurance Terms Chapter 1. General Insurance Part 2 Insuran
29 terms 12 terms 32 terms 19 terms
tyranny19913 Preview bennettjensen9 Preview sobregon675 Preview liza
a farmer's ineligibility for the MPCI can be a. four subsequent crop years
the result of outstanding debt owed,
improper planting techniques employed,
etc. ineligibility as a result of the violation
for the controlled substance provision is:
a. four subsequent crop years
b. five subsequent crop years
c. six subsequent crop years
d. seven subsequent crop years
when payments are provided the farmer for c. subrogation provision
a loss coverable under the crop-hail policy,
it is the farmer's obligation to allow
litigation to be pursued through the
insurance provider. the provision that states
that to the extent that any payment is made
under the policy, the insured must assign to
the insurer any right of recovery against
another party is:
a. assignment provision
b. reinsurance provision
c. subrogation provision
d. record provision
, in multiple peril crop insurance coverage d. CAT coverage for any crop of economic significance
there are requirements mandated by the
policy itself for certain insured duties that
would void or limit coverage if not
accomplished by the party owning the
insurance, the linkage requirement means
the legal requirement that a farmer must
obtain at least:
a. MPCI coverage for any crop of
economic significance
b. crp coverage for any crop of economic
significance
c. MH coverage for any crop of economic
significance
d. CAT coverage for any crop of economic
significance
all of the following are true concerning a a. has a previous year's loss exceeding the limits of the present year's expectations
farmer qualifying for coverage under a
crop-hail policy except:
a. has a previous year's loss exceeding the
limits of the present year's expectations
b. has delinquent debt on a crop insurance
policy, issued or reinsured by FCIC
c. has violated the controlled substance
provisions of the Food Security Act of 1985
d. if a person willfully and intentionally
provides any false or inaccurate
information to the FCIC
A reinsurance agreement that requires c. a facultative agreement
individual underwriting for each situation is
referred to as:
a. a treaty agreement
b. a quota share agreement
c. a facultative agreement
d. a pro rata agreement
the farmer must retain and provide upon a. three years
request, complete records of harvesting,
storage, shipment, sale, or other disposition
of all the insured crop produced on each
unit for:
a. three years
b. four years
c. ten years
d. all previous years
Crop-Hail Exam
Save
Students also studied
Billing and Insurance Terms Chapter 1. General Insurance Part 2 Insuran
29 terms 12 terms 32 terms 19 terms
tyranny19913 Preview bennettjensen9 Preview sobregon675 Preview liza
a farmer's ineligibility for the MPCI can be a. four subsequent crop years
the result of outstanding debt owed,
improper planting techniques employed,
etc. ineligibility as a result of the violation
for the controlled substance provision is:
a. four subsequent crop years
b. five subsequent crop years
c. six subsequent crop years
d. seven subsequent crop years
when payments are provided the farmer for c. subrogation provision
a loss coverable under the crop-hail policy,
it is the farmer's obligation to allow
litigation to be pursued through the
insurance provider. the provision that states
that to the extent that any payment is made
under the policy, the insured must assign to
the insurer any right of recovery against
another party is:
a. assignment provision
b. reinsurance provision
c. subrogation provision
d. record provision
, in multiple peril crop insurance coverage d. CAT coverage for any crop of economic significance
there are requirements mandated by the
policy itself for certain insured duties that
would void or limit coverage if not
accomplished by the party owning the
insurance, the linkage requirement means
the legal requirement that a farmer must
obtain at least:
a. MPCI coverage for any crop of
economic significance
b. crp coverage for any crop of economic
significance
c. MH coverage for any crop of economic
significance
d. CAT coverage for any crop of economic
significance
all of the following are true concerning a a. has a previous year's loss exceeding the limits of the present year's expectations
farmer qualifying for coverage under a
crop-hail policy except:
a. has a previous year's loss exceeding the
limits of the present year's expectations
b. has delinquent debt on a crop insurance
policy, issued or reinsured by FCIC
c. has violated the controlled substance
provisions of the Food Security Act of 1985
d. if a person willfully and intentionally
provides any false or inaccurate
information to the FCIC
A reinsurance agreement that requires c. a facultative agreement
individual underwriting for each situation is
referred to as:
a. a treaty agreement
b. a quota share agreement
c. a facultative agreement
d. a pro rata agreement
the farmer must retain and provide upon a. three years
request, complete records of harvesting,
storage, shipment, sale, or other disposition
of all the insured crop produced on each
unit for:
a. three years
b. four years
c. ten years
d. all previous years
