MA Prometric Practice Test with Correct Answers 100% Verified and Graded A+ 2025
MA Prometric Practice Test with Correct Answers 100% Verified and Graded A+ 2025 Monetary damages awarded to an injured party must be based on all of the following elements EXCEPT: a. Damages as the proximate result b Negligence c. Available insurance d. A legal duty owed - Correct Answer c The risk of financial loss that an individual faces illustrates the principle of: a. Indemnity b. Limit of recovery c. Subrogation d. Insurable interest - Correct Answer d Under a Homeowners Policy, the insured location includes all of the following EXCEPT: a. A cemetery plot b. A secondary location used by the insured for a business c. Vacant land on which the insured plans to build a house d. A motel room in which the insured is residing temporarily - Correct Answer b If Policy A states that it will pay after payment by other applicable policies, Policy A is: a. Excess b. Primary c. Pro rata d. Reinsurance - Correct Answer a
Written for
- Institution
- Prometric practice
- Course
- Prometric practice
Document information
- Uploaded on
- March 23, 2025
- Number of pages
- 8
- Written in
- 2024/2025
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
-
monetary damages awarded to an injured party must
-
the risk of financial loss that an individual face
-
under a homeowners policy the insured location in
-
if policy a states that it will pay after payment
