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Alabama Property and Casualty | 99 Questions and Answers(A+ Solution guide)
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If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis - 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 - Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use - Loss of Use Which is a two party contract? A. property B. casualty C. liability D. auto - PropertyInsurance Contracts offset a. speculative risk b. pure risk c. gambling d. created risk - Pure Risk
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Alabama Property And Casualty
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Alabama Property and Casualty
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alabama property and casualty
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