Exam (elaborations)
Property and Casualty Exam questions with correct answers
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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 CORRECT ANSWER 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 CORRECT ANSWER Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use CORRECT ANSWER Loss of Use Which is a two party contract? A. property B. casualty
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Institution
Property And Casualty Insurance
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Property and Casualty Insurance
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- Institution
- Property and Casualty Insurance
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- Property and Casualty Insurance
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- Uploaded on
- October 19, 2023
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- Written in
- 2023/2024
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property and casualty exam questions with correct
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