I sell a variety of paper including AQA papers where each has a merged marking scheme simply buying both papers at a price of one

if loss exceeds dollar amount - ️️deductible disappears if snowmobile sinks through the ice, covered by - ️️all perils QC compulsory insurance - ️️provided by provincial and federal governments bill 59 - ️️$15,000 deductible for pain and suffering office equipment floater - ️️used for office-only risks, but not for dentist or doctor's offices boiler and machinery clause - ️️includes free inspection service as part of an accident prevention program frequ...

What is Insurance? - ️️The undertaking by one person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of insurance may be exposed. OR To pay a sum of money or another thing of value upon the happening of a specific event. What does Indemnify mean? - ️️To compensate the victim of a loss, in whole or in part, by payment, repair, or replacement. OR An insurer must make good the amount of the insured's fi...

Which one of the following events would be considered a robbery loss? - ️️a.Money stolen from a custodian by threat of violence even though no weapon is used. b.Money stolen during a burglary. c.Theft of money by an employee. d.Disappearance of goods from the premises. A tenant in a high risk apartment negligently starts a grease fire and causes sever smoke damage to his/her own apartment including the hallways of the building and two other apartments. Under which part of the liability...

Your client calls to advise he/she needs insurance on a car leased from an automobile dealer. Which one (1) of the following policies is required? A. O.A.P. 1 Owner Form, suitably endorsed. B. O.P.F. #2 Driver's Form. C. O.P.F. #6 Non-owned Automobile Form, suitable endorsed. D. Garage Auto Form, suitably endorsed. - ️️A. O.A.P. 1 Owner Form, suitably endorsed. Insurance under O.A.P. 1 Owner's Form, Section 7, Loss or Damage Coverages, is usually subject to a deductible. It does n...

Which of the following best describes a Comprehensive Tenant Package policy? a) It only covers theft b) It only covers theft provided there are visible signs of a break-in. c) It is the same as Homeowners policy but does not cover building or outbuilding d) It covers the building, summer cottage, and contents of both - ️️c Under a basic Fire policy, the Insured will receive a) The amount applicable to the item b)The interest of the insured in the property c)The actual cash val...

Which of the following best describes a Comprehensive Tenant Package policy? a) It only covers theft b) It only covers theft provided there are visible signs of a break-in. c) It is the same as Homeowners policy but does not cover building or outbuilding d) It covers the building, summer cottage, and contents of both - ️️c Under a basic Fire policy, the Insured will receive a) The amount applicable to the item b)The interest of the insured in the property c)The actual cash val...

Which of the following best describes a Comprehensive Tenant Package policy? a) It only covers theft b) It only covers theft provided there are visible signs of a break-in. c) It is the same as Homeowners policy but does not cover building or outbuilding d) It covers the building, summer cottage, and contents of both - ️️c Under a basic Fire policy, the Insured will receive a) The amount applicable to the item b)The interest of the insured in the property c)The actual cash val...

INSURANCE - ️️The undertaking by one person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of the insurance may be exposed, or to pay a sum of money or other thing of value upon the happening of a certain event OR Sharing of the losses of a few people among the many who pay premiums SPECULATIVE RISK - ️️A chance of loss but there is also a chance of profit, and because of the chance of profit these are uninsurab...

Actual Cash Value (ACV) - ️️Cost to replace property with new property of like kind and quality less depreciation. replacement cost - ️️The cost to repair or replace property using new materials of like kind and quality with no deduction for depreciation. Valued Policy - ️️A policy in which the insurer pays a stated amount in the event of a specified loss (usually a total loss), regardless of the actual value of the loss. Specified Perils 1a - ️️fire, lightning, explosio...

What makes pure risk insurable while speculative not? - ️️Pure risk insurance is a situation involving a chance of a loss without a chance of gain. Insurance will accept situations where there is no potential for gain. Pure Risk - ️️A situation involving a chance of loss without a chance of gain. Example: property damage Speculative Risk - ️️A situation where the possibility of either financial loss or gain exists. This is not accepted by insurances. Example: gambling Insura...