Bam Study guides, Class notes & Summaries

Course Careers Final Exam Study Guide (New Update!!) 212 Question and Answer

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 o...

AL P&C University of Alabama Study Guide questions and answers

Test Bank for Strategic Management and Business Policy Globalization, Innovation and Sustainability, 16th edition By Thomas L. Wheelen, J. David Hunger, Alan N. Hoffman, Charles E. Bamford 2024 Chapter 1-13

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...

1. The idea of self-government is in the first three words of the Constitution. What are these words? - "We the People" 2. Under our Constitution, some powers belong to the federal government. What is a power of the federal government? - Coin money, regulate commerce, declare war, raise and maintain armed forces, and establish post office. 3. Why do some states have more Representatives than other states? - States that have more representatives have a larger population 4. What are two r...

Alabama State Licensing Exam Property and Casualty (Verified Answers) (65 qs)

Which clause allows the insured to change an existing policy to any other policy of any type as long as the new policy has a higher premium, without any proof of insurability? - correct answer Privilege of change clause The extended term nonforfeiture option provides: - correct answer Paid-up term coverage equal to that of the original policy With a collateral assignment of a life policy to a creditor: - correct answer You assign a partial amount of the policy values to the creditor An ...