Property in transit Study guides, Class notes & Summaries

Pennsylvania Property & CasualtyPolicy Conditions - correct answer How parties to the contract must act following a loss Discovery Form in Commercial Ins. - correct answer an occurrence taking place at any time & discovered during the policy period or extended reporting period (60 days) Vacant - correct answer Absence of people and property Filed form in Commercial - correct answer a form that may require an insurer to file for rate & form approval Unfiled form in Commercial - correc...

You are the security subject matter expert (SME) for an organization considering a transition from the legacy environment into a hosted cloud provider 's data center. One of the challenges you 're facing is whether the cloud provider will be able to comply with the existing legislative and contractual frameworks your organization is required to follow. This is a _________ issue. a. Resiliency b. Privacy c. Performance d. Regulatory D 76. You are the security subject matter expert (SME) ...

Arkansas Property and Casualty Exam Nationwide marine insurance - correct answer . All property must contain an element of transportation to be eligible under inland marine coverage forms. Specifically, it must be in transit, be moveable, bear a relationship to transportation or communication, or be held in the possession of a bailee, who is someone other than the property owner. The Nationwide Marine Definition defines 6 broad classes of property that may be insured under marine contracts. ...

Arkansas P&C Exam (Insurance Adjuster Licensing) || Questions & Answers (100% Correct) Arkansas P&C Exam (Insurance Adjuster Licensing) || Questions & Answers (100% Correct) The major portion of the premium for an equipment breakdown policy pays -For repairs after a loss. -For coverage for bodily injury and property damage of others. -For replacement parts. -For inspections and examinations. - ANSWER - For inspections and examinations. #3. The party to a surety or fidelity bond who...

C12 - Insurance on Property – Midterm Latest Update Graded A+ Defining Property Insurance -Protection against loss/damage to property -First party insurance -Premium exchanged for protection -Fortuitous losses (sudden and accidental) -Insurable interest -Intangible product Real vs Personal Property R: buildings or land (can't be moved) P: office desk or machinery (can be transported) Promise that Property Insurance is based on -Insured promise to pay a premium -Insurers p...

NJ Property Producer Exam with Certified Solutions Dwelling Policy Only insures property DP-1 Basic Form DP-2 Broad Form DP-3 Special Form Dwelling Coverage A Dwelling- Covers dwelling, structures attached to dwelling, and materials/supplies for the dwelling. Dwelling Coverage B Other Structures- Insures buildings on premise but separate from the dwelling. Dwelling Coverage C Personal Property- Covers the insured's personal property and must be requested. If rental pr...

RMIN 5100S Exam 2 Questions and Answers 100% Solved 1. Types of property 2. Causes of loss to property 3. Financial consequences of property losses 3 considerations for commercial property loss exposures. 1. Real Property 2. Personal Property 2 types of property. Real Property Land & buildings, all property permanently attached to buildings, driveways, sidewalks, underground piping, etc, and plumbing, wiring, and HVAC. Personal Property All property that is not real property. 1. ...

CMY3706 WITH COMPLETE SOLUTIONS society and human beings' right to safety and protection". - ANSWER-May (2017:12) defines aggravated robbery as - car hijacking - robbery at residential premises or house robbery - robbery at non-residential premises or business robbery - cash-in-transit (CIT) robbery - bank robbery - truck hijacking - ANSWER-Subcategories of robbery with aggravating circumstances are - Car hijacking - robbery at residential premises and - robbery at non-residential...

RMIN 5100S Exam 2 Study Guide 2024 With Complete Solution categories of commercial loss exposures -️️ property, personnel, liability, net income loss property loss -️️ - tangible: personal property, real estate -intangible: patent, copyright personnel loss -️️ death, disability, injury, retirement liability loss -️️ your responsibility to someone else for property damage, bodily injury, or net income loss net income loss -️️ reduction in income due to a direct loss comm...

AMIM 122 Latest Update Graded A+ Nationwide Marine Definition Limits the types of risks and policies that marine insurers were permitted to underwrite. Property must be in transit or bear some relation to transportation or communication to qualify for coverage under a marine or inland marine policy. Filed classes or controlled classes - those classes of business for which rates or forms or both must be filed with the insurance commissioner of a state for the insurer to write that class ...