Compulsory insurance Study guides, Study notes & Summaries

ENN1504 Assignment 1 Semester 2 2023 (Answers) questions asked QUESTION 1: WRITING SKILLS IN WORKPLACE CORRESPONDENCE The purpose of this question is to assess your ability to write a memorandum. This requires you to do the necessary preparatory reading so that you can answer the question convincingly and adequately. You should ask yourself whether the intended reader of this memorandum would grasp the purpose and respond with the expected outcome. BACKGROUND Potholes in the municip...

Questions 1. What is the name of your state’s insurance commission? Name depends upon the state of the student’s residence. 2. What is the mission of your state’s insurance commission? Mission depends upon the insurance commission of the state of the student’s residence. 3. List three consumer-related topics on the insurance commission’s website. Additional topics depend upon the insurance commission of the state of the student’s residence. However, common topics include frau...

Ohio Health Insurance Exam Questions and Answers 100% Correct Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of rider is this? A.) Guaranteed insurability rider B.) Additional coverage rider C.) Paid-up option rider D.) Extended insurability rider Guaranteed insurability rider All of the following are included as part of...

The Commissioner of Insurance in Mississippi is elected to office for a term of 4 years The burden of proof for determining that a producer is representing an authorized insurer falls on The producer The fine the Commissioner may levy for violating any provision of the Insurance Code is $1000 A foreign insurer An insurer formed under the laws of any state other than Mississippi would be known as Each of the following is true about the Mississippi Residential Prope...

1. 1. The insured carries a BOP policy with protective systems such as a sprinkler system. If the system becomes inoperative, the insured must advise the insurance company of the problem within if the system cannot be restored to working order: 48 hours Your Answer 2. 2. Tina has two policies (Policy X and Policy Y) that cover the same risk on a pro rata basis. Policy X has a limit of $100,000 and Policy Y has a limit of $25,000. When Tina suffers a loss totaling $75,000, how will the two pol...

What is the underwriter's goal? - Answer- To write a book of business in which the actual losses approximate the expected losses. Gertrude is going to become an insurance agent. She would like to work in an agency that represents many different insurance companies. Gertrude will go to work for a(n) - Answer- Independent agency When a client suffers a loss, MegaInsurers is expected to respond promptly to settle the resulting claim. Depending on the line of insurance, claim costs generally ...

On January 27, 2008, Ryan was using an exercise bike purchased from NusquamCycle when the chain broke, causing him to fall and severely bruise his knee. It seemed to heal just fine, but three years later, on January 25, 2011, Ryan's knee gave out while jogging. His doctor told him that he'll need surgery and that this deterioration resulted from the earlier accident with the exercise bike. Which of the following CGL policies may cover Ryan's claim filed January 25, 2011? A. An occurrence pol...

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review Already Passed Peril Something that causes a loss. Hazard Something that increases the probability that a loss will occur. Warranty A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment The fail...

ISR3701 SUMMARY STUDY NOTES / GUIDE. MODULE AIM AND OUTCOMES 1 AIM OF THIS MODULE The aim of this module is to enable students to study the principles and nature of nonlife insurance, the structure and regulation of the non-life insurance industry from a risk management perspective and the principles of self-funding and alternative risk financing arrangements. 2 MODULE OUTCOMES At the end of the module, students should be able to • demonstrate effective risk management skills by select...

AU62 Course Exam Practice Questions & Answers, 100% Accurate. Verified. An organization may incur losses from legal liabilities in a number of different ways. Which one of the following actions would best be described as an intentional tort? - -A newspaper mistakenly identifies the driver in an alcohol-related hit and run accident as John Doe, a prominent local attorney. Martin, a 15-year-old boy, carelessly tossed a glass bottle over the heads of several people toward a recycling bin 15...

Texas All Lines Adjuster Laws & Regulation Review Quiz Lifetime income benefits, employee-reported injury, Workers' compensation insurance, employee under the laws of the state of Texas, issuance of the permanent policy, homeowner's policy, personal injury protection (PIP), commercial auto liability policy, Texas Automobile Insurance Plan Association, automobile liability insurance, acceptable forms of proof of financial responsibility, nonrenew a personal auto policy, Texas Motor Vehicle S...