Indemnity Study guides, Revision notes & Summaries
Looking for the best study guides, study notes and summaries about Indemnity? On this page you'll find 4993 study documents about Indemnity.
Page 4 out of 4.993 results
Sort by
-
NEW YORK INDEPENDENT FIRE ADJUSTER EXAM SIMULATOR - SERIES 17-64 RATED A+
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
-
- £8.04
- 1x sold
- + learn more
NEW YORK INDEPENDENT FIRE ADJUSTER EXAM SIMULATOR - SERIES 17-64 RATED A+ 
Mason has suffered a $42,000 loss to his commercial building due to fire. The building is covered under the Building & Personal Property coverage form and had been vacant for 74 days. The insurer would have paid the entire loss if the building had been occupied, but what will they pay because the insured building was considered vacant? 
$28,980. 
$42,000. 
$6,300. $35,700. For a loss that would otherwise be covered for th...
-
C11 Principles and Practice of Insurance Questions and Answers(A+ Solution guide)
- Exam (elaborations) • 13 pages • 2023
- Available in package deal
-
- £6.43
- 1x sold
- + learn more
Areas of regulation for Intermediaries - Q-ualifaction (must pass test) 
O-peration of business (must follow requirements) 
L- Icences - Must have license 
L- icence Renewal - Renewed annual 
The Categories of insurance: - 1) Social 
-Workers Compensation 
2) Life and Health 
Life, accident and sickness, and disability. 
3) General property/casualty insurance 
Personal Property 
Boiler and Machinery 
Automobile 
Commercial property 
Crime 
Business interruption 
Liability 
Aviation 
Marine 
Inla...
-
ACA Final Exam Questions and Answers 2023
- Exam (elaborations) • 11 pages • 2023
- Available in package deal
-
- £15.68
- 2x sold
- + learn more
ACA Final Exam Questions and Answers 2023 
At the end of this course, you must do which of the following? 
 
Pass the final course exam with a scored of 70% or higher 
 
Print your certificate from this website 
 
Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at 
 
All of the above 
All of the above 
 
 
 
Which of the following is NOT one of the duties of the Department of Financial Services? 
 
License adjusters 
Set rates and write policies ...
-
KY Property & Casualty Insurance Exam 2024 with 100% correct answers
- Exam (elaborations) • 10 pages • 2024
-
- £10.05
- 1x sold
- + learn more
Faulty wiring in a home is an example of a: 
a) loss 
b) peril 
c) risk 
d) hazard - correct answer Hazard 
 
When a person buys insurance what method of handling risk has been undertaken? 
a) transfer 
b) reduction 
c) avoidance 
d) retention - correct answer Transfer 
 
In property and casualty insurance, insurable interest must exist: 
a) at the time a change is made to a policy 
b) at the time of policy application 
c) at the time of loss 
d) at the time of policy solicitation - correct...
-
XCEL - NY - Exam Simulator 1 Insurance | 2023 | 160 Questions with 100% Correct Answers | Updated & Verified | 22 Pages
- Exam (elaborations) • 22 pages • 2023
- Available in package deal
-
- £13.26
- 1x sold
- + learn more
Jonas is a whole life insurance policyowner and would like to add coverage for his two children. 
Which of the following products would allow him to accomplish this? - Child Term Rider 
Lisa has recently bought a fixed annuity. Which of these is considered to be a disadvantage of 
owning this type of annuity? - During periods of inflation, annuitants will experience a 
decrease in purchasing power of their payments. 
In contrast to a guaranteed renewable policy, a noncancellable policy - may nev...
Too much month left at the end of the money?
-
PSI Insurance Exam OH Life, Accident, and Health Questions and Answers Latest 2024
- Exam (elaborations) • 23 pages • 2024
- Available in package deal
-
- £6.43
- 1x sold
- + learn more
What is it called when a life insurance policy pays a multiple of the coverage 
amount when certain types of accidents occur? - CORRECT ANSWER-multiple 
indemnity 
Upon the issuance of a conditional receipt for a renewal when the premium is 
paid AFTER the time granted by the insurer, what is the maximum amount of 
time for reinstatement of the policy? - CORRECT ANSWER-30 days 
Which of the following statements regarding a pure life annuity payout option is 
correct? - CORRECT ANSWER-This option...
-
CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions with 100 % correct Answers | Verified
- Exam (elaborations) • 8 pages • 2023
- Available in package deal
-
- £13.67
- 2x sold
- + learn more
Admitted Insurance Company vs. Non-Admitted Insurance Company - An admitted insurance 
company is authorized to transact insurance in California because it has a Certificate of Authority 
granted by the California Department of Insurance (CDI) 
A non-admitted insurance company is not authorized to transact insurance in California because of 
failing to comply with California requirements or did not seek admission 
Pure Risk vs. Speculative Risk - Pure risks are insurable but Speculative risks ar...
-
LML4805 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED MEMO- DISTINCTION GUARANTEED)
- Exam (elaborations) • 10 pages • 2023
-
- £12.76
- 4x sold
- + learn more
LML4805 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED MEMO- DISTINCTION GUARANTEED) 
 
Question 1 
 
(a) Distinguish between the essential features of an insurance contract and the general requirements of a valid contract; then address the consequences if any of these are absent. 
In your answer, also mention one example of an essential feature of an insurance contract and one example of a validity general requirement of a contract. (5) 
(b) Describe any two informal risk-sprea...
-
USAA Licensing Exam Verified Questions And Answers 2024
- Exam (elaborations) • 19 pages • 2023
- Available in package deal
-
- £9.24
- 1x sold
- + learn more
Insurance - Transfer of risk from one person or organization to an insurance company 
 
Indemnity - The principle to restore the insured to the pre-loss economic or financial condition. 
 
Law of Large numbers - Mathematical principle used by insurers to predict losses to charge the appropriate premiums 
 
Insurable Interest - Proof that someone stands to lose financially if a loss occurs; must exist at the time of the loss in property and casualty insurance 
 
Binder - Temporary insurance contr...
-
Georgia Adjuster Exam Questions and Answers Already Passed
- Exam (elaborations) • 36 pages • 2023
- Available in package deal
-
- £8.04
- 5x sold
- + learn more
Georgia Adjuster Exam Questions and Answers Already Passed 
An insured's business is damaged because of a fire and he is forced to close business temporarily for repairs. As a result the insured lost income. What type of loss is this? Consequential also known as Indirect Loss 
The insured crashes into a porch and the person sitting on the porch. The person on the porch is injured. The insured's insurance policy has a limit set at $500,000. This amount applies to the total of damages for any bo...
£5.50 for your revision notes multiplied by 100 fellow students... Do the math: that's a lot of money! Don't be a thief of your own wallet and start uploading yours now. Discover all about earning on Stuvia