Absolute liability Study guides, Class notes & Summaries
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Xcel solutions final exam Maryland Life and health questions and answers 100% pass
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Xcel solutions final exam Maryland Life and health questions and answers 100% pass 
What is normally the consequence for NOT obtaining preadmission certification prior to receiving inpatient medical care? A reduction in benefits 
A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a Risk retention group 
During the application process, a statement made by an applicant that becomes part of the contract is considered to be a(n) Warrant...
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State Farm Property (Actual) Exam Solved 100% Correct
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In property insurance actual cash value is defined as which of the following - ANSWER-Replacement cost at the time of the loss, less depreciation 
 
Peril is most easily defined as - ANSWER-the cause of loss insured against 
 
What is a leading factor in the determination of actual cash value - ANSWER-replacement cost 
 
Replacement cost is defined as - ANSWER-full replacement of property at its current cost, new and without reduction for depreciation 
 
Property insurance that provides 100k cov...
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ACA Final Exam Questions and Answers 2023
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ACA Final Exam Questions and Answers 2023 
At the end of this course, you must do which of the following? 
 
Pass the final course exam with a scored of 70% or higher 
 
Print your certificate from this website 
 
Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at 
 
All of the above 
All of the above 
 
 
 
Which of the following is NOT one of the duties of the Department of Financial Services? 
 
License adjusters 
Set rates and write policies ...
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California property and casualty exam questions and answers graded A
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alifornia property and casualty exam questions and answers graded A The process where by a mutul insurer becomes a stock company is called Demutalization 
The process whereby a stock company a mutal insurer is called Mutalization 
The provision in a property policy which states that the insured has been paid up to their insurable interest is Valuation clause 
The part of the policy that states the amout of coverage the insured property policy period is Declaration 
Part of the policy that establ...
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SC P&C Insurance Exam Study Guide Exam And Actual Answers.
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Abandonment - Answer the abdication of insured property into the hands of another, or into the possession of no one in particular 
 
Absolute Liability - Answer Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. 
 
Accident - Answer an unplanned, unforseen event which occurs suddenly and at a specific place 
 
Actual Cash Val...
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TX Adjuster Vocab (100% Accurate)
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Absolute Liability correct answers Where the law imposes liability without regard to fault or negligence. 
 
Monoline Policy correct answers A policy that provides only one type of insurance on the policy: only property insurance. 
 
Compensatory Damages correct answers Monies paid to make an injured person whole again. 
 
Contributory Negligence correct answers Holds that if the injured party contributed to the injury in any way through his own negligence, he has no right to recover damages. 
 ...
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Personal Lines Insurance Practice Exam Questions and Answers Latest 2024-2025 | 100% Correct.
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Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an 
accident. Which of the following statements about coverage under the parents' 
personal auto policy is CORRECT? 
A) Bobby is covered by his parents' policy because he is included in the definition 
of named insured. 
B) Bobby is not covered for this accident because he used the car without 
permission. 
C) Bobby is not covered ...
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State Farm Property 2023 Exam Verified 100% solutions
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1.	In property insurance actual cash value is defined as which of the follow- ing: Replacement cost at the time of the loss, less depreciation 
2.	Peril is most easily defined as: the cause of loss insured against 
3.	What is a leading factor in the determination of actual cash value: replace- ment cost 
4.	Replacement cost is defined as: full replacement of property at its current cost, new and without reduction for depreciation 
5.	Property insurance that provides 100k coverage for a building ...
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ALL EXAM FX QUESTIONS AND ANSWERS
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Under absolute liability, does an injured party need to prove negligence? - Answer- No. Absolute liability exists when a condition or conduct is inherently dangerous, so proof of negligence is not required. 
 
What insurance principle does pro rata liability protect? - Answer- Indemnity 
 
What is the difference between vacancy and unoccupancy? - Answer- Vacancy - refers to an insured structure in which no people have been living or working and no property has been stored for the specified perio...
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AINS 103 Exam Questions With Verified Answers
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AINS 103 Exam Questions With Verified Answers 
 
Which one of the following best describes real property? 
Select one: 
A. Property being shipped to or from others. 
B. Business personal property that includes furniture, machinery and equipment, and stock/inventory. 
C. Tangible property that includes land, structures permanently attached to the land, and whatever is growing on the land. 
D. Vehicles, merchandise, furniture, tools, and similar items. - ANS C. Tangible property that includes l...
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