Exam (elaborations)
NJ Property License 1 Questions and Answers. (GRADED A+)
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What is the fee a person pays an insurance company to receive coverage? - ANSWER-Premium Self -insuring is typically used for what type of insurance? - ANSWER-Workers compensation A tornado that destroys a property would be an example of what? - ANSWER-Peril A state-issued document empowering an insurance company to become an admitted insurer is called what? - ANSWER-Certificate of Authority Why are the three types of hazards? - ANSWER-Physical, moral, and morale The reduction, decrease, or disappearance of value of the person or property insured in a policy is known as what? - ANSWER-Loss
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Institution
NJ Property License
Course
NJ Property License
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Written for
- Institution
- NJ Property License
- Course
- NJ Property License
Document information
- Uploaded on
- July 23, 2023
- Number of pages
- 4
- Written in
- 2022/2023
- Type
- Exam (elaborations)
- Contains
- Questions & answers
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nj property license 1 questions and answers grad
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