Repair clauses Study guides, Revision notes & Summaries

Property and casualty insurance Exam Questions and Answers Updated Nov 2022. A banker is ready to close on a customer's loan. The bank is prepared to offer the loan but only if the customer purchases a life insurance policy from the bank in the amount of the loan. This is an example of A builder's risk form is most often written as which of the following? A building is insured, but no one has lived or worked in it for 10 years. The building is completely empty of any furniture or perso...

CLC 059 Exam Practice Questions and Answers 100% Pass Who decides which post-award contract administrative functions will be delegated and which will be retained by the contracting officer who awarded the contract? - Correct Answer ️️ -Procuring contracting officer (PCO) "Bloom. LLC was recently awarded a $2 million contract for website enhancement services that was set aside for Historically Underutilized Business Zone (HUBZone) small businesses. Bloom's owner recently asked you wh...

Florida Insurance Exam Questions and Answers 100% Correct Risk - Correct Answer ️️ -the chance of financial loss Risk is NOT the loss itself, but the _________ of loss. - Correct Answer ️️ -CHANCE Policy - Correct Answer ️️ -a written contract for effecting insurance and includes Clauses, Riders, endorsements, and papers which are part of the contract Insurance - Correct Answer ️️ -a contract where one undertakes to indemnify another or pay a specific amount determined on ...

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review Already Passed Peril Something that causes a loss. Hazard Something that increases the probability that a loss will occur. Warranty A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment The fail...

Name the 13 stages of the procurement cycle - Answer-1. Understand the need. 2. Market Commodity options. 3. Develop Stratgey/ Plan. 4. Pre-procurement / market test. 5. Develop required documentation. 6. Supplier Selection. 7. Issue invitation to tender. 8. Bid / tender evaluation. 9. Contract Award. 10. Warehouse logistics & receipt. 11. Contract performance review and continuous improvement. 12. Supplier relationships / contract management. 13. Asset management / end of life. Por...

CLC 059 Exam Practice Questions and Answers 100% Pass Who decides which post-award contract administrative functions will be delegated and which will be retained by the contracting officer who awarded the contract? - Correct Answer ️️ -Procuring contracting officer (PCO) "Bloom. LLC was recently awarded a $2 million contract for website enhancement services that was set aside for Historically Underutilized Business Zone (HUBZone) small businesses. Bloom's owner recently asked you wh...

Who decides which post-award contract administrative functions will be delegated and which will be retained by the contracting officer who awarded the contract? - Answer-Procuring contracting officer (PCO) "Bloom. LLC was recently awarded a $2 million contract for website enhancement services that was set aside for Historically Underutilized Business Zone (HUBZone) small businesses. Bloom's owner recently asked you which of the following would be acceptable subcontracts for Bloom to ente...

CLC 059 Exam Practice Questions and Answers 100% Pass Who decides which post-award contract administrative functions will be delegated and which will be retained by the contracting officer who awarded the contract? - Correct Answer ️️ -Procuring contracting officer (PCO) "Bloom. LLC was recently awarded a $2 million contract for website enhancement services that was set aside for Historically Underutilized Business Zone (HUBZone) small businesses. Bloom's owner recently asked you wh...

Florida Insurance Exam 100% questions and correct answers Risk - ANSWERS the chance of financial loss Risk is NOT the loss itself, but the _________ of loss. - ANSWERS CHANCE Policy - ANSWERS a written contract for effecting insurance and includes Clauses, Riders, endorsements, and papers which are part of the contract Insurance - ANSWERS a contract where one undertakes to indemnify another or pay a specific amount determined on contingencies Binders - ANSWERS temporary insurance whic...

Licensee A has out-of-town relatives come to visit and he shows them several listings. He ends up helping them rent a property with an option to purchase. He should make a disclosure to: - ANSWERThe Seller Which of the following cannot obtain a broker's license? - ANSWERPartnership A person who had leased a property for three years had to move out of state before the lease expired. In reading the lease, there was no mention of either subleasing or assigning the lease. The lessee: - ANSWER...