Alabama Property and Casualty Study guides, Class notes & Summaries

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 - 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 - Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use - Loss of Use Which...

Alabama Property and Casualty Sample Quiz (100 Questions) With Complete Solutions

Alabama Property and Casualty Exam Questions and Answers

Alabama Property and Casualty Exam 2022/2023 with 100% correct answersAlabama Property and Casualty Exam 2022/2023 with 100% correct answers

Alabama Property and Casualty Exam 2022/2023 with 100% correct answersAlabama Property and Casualty Exam 2022/2023 with 100% correct answers

Alabama Property and Casualty Exam Questions and Answers Graded A+ 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 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 Nonrenewal Which is the best example of an indirect loss ? a. sequential lo...

Alabama Property and Casualty Sample Quiz 1-100 Already Passed What is a hazard? an increase in the possibility that a loss might occur transfer risk from a person or business to an insurance company that agrees to to pay for losses in exchange for a premium. insurance The type of insurance company in which the policyholder is considered an owner, with the right to vote and share in the profits is a mutual company Jewel Canford's home is insured by XYZ Insurance Company. Last y...

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 th...

What is a hazard? - correct answer an increase in the possibility that a loss might occur transfer risk from a person or business to an insurance company that agrees to to pay for losses in exchange for a premium. - correct answer insurance The type of insurance company in which the policyholder is considered an owner, with the right to vote and share in the profits is a - correct answer mutual company Jewel Canford's home is insured by XYZ Insurance Company. Last year she made the fin...

Alabama Property and Casualty Sample Quiz 1-100 Complete Solutions What is a hazard? ️an increase in the possibility that a loss might occur transfer risk from a person or business to an insurance company that agrees to to pay for losses in exchange for a premium. ️insurance The type of insurance company in which the policyholder is considered an owner, with the right to vote and share in the profits is a ️mutual company Jewel Canford's home is insured by XYZ Insurance Company...