Sasu Guides d'étude, Notes de cours & Résumés

Property and Casualty License in Arkansas (150 Questions with Correct Answers).

Pay the claims covered under the policy. CORRECT ANSWER A primary obligation of an insurance company is to: Accumulating Risk CORRECT ANSWER Which of the following is not a reaction to risk? An increase in the possibility that a loss may occur. CORRECT ANSWER Which of the following describes a hazard? Requiring the policyholder to carry insurance to value. CORRECT ANSWER Which of the following best meets the test of the "Principle of Indemnity"? Overpayment of a claim CORRECT ANSWE...

Arkansas Property and Casualty Insurance ExamBefore workers comp laws, employers had 3 common law defenses to avoid paying claims- - correct answer Assumption of Risk - This defense placed all the risk on the employee as being responsible for knowing the work conditions prior to employment. Fellow Servant Rule - Removed the employer's negligence if a fellow employee contributed in any way to the loss. Contributory Negligence - Used to argue that the employee was partially at fault and the...

Arkansas Property & Casualty Practice ExamPay the claims covered under the policy. - correct answer A primary obligation of an insurance company is to: Accumulating Risk - correct answer Which of the following is not a reaction to risk? An increase in the possibility that a loss may occur. - correct answer Which of the following describes a hazard? Requiring the policyholder to carry insurance to value. - correct answer Which of the following best meets the test of the "Principle of In...

Property and Casualty Exam Prep Arkansas Health Insurance Final Complete Exam 2024 The minimum amounts of auto liability required in AR is? - CORRECT ANSWER25,000PP, 50,000 per accident, 25,000 PD The minimum amount of Uninsured Motorist coverage required in AR is? - CORRECT ANSWER-25,000PP, 50,000 per accident The common Policy declaration of the commercial package policy would provide what information? - CORRECT ANSWER-Insureds Business Description How does the dwelling policy pro...

Arkansas Health Insurance Property & Casualty Practice Exam 2024 Pay the claims covered under the policy. - CORRECT ANSWER-A primary obligation of an insurance company is to: Accumulating Risk - CORRECT ANSWER-Which of the following is not a reaction to risk? An increase in the possibility that a loss may occur. - CORRECT ANSWER-Which of the following describes a hazard? Requiring the policyholder to carry insurance to value. - CORRECT ANSWER-Which of the following best meets the t...

Arkansas Property & Casualty Questions with complete solution 2024Accident - correct answer A sudden & unexpected event which occurs at a specific time & place. In easy-to-read policies, also includes loss which occurs over a period of time. Actual Cash Value (ACV) - correct answer The cost to replace an item of property at the time of loss, less an allowance for depreciation. Often used to determine amount of reimbursement for a loss. Additional Living Expense - correct answer A Coverage ...

Arkansas Property & Casualty Practice ExamPay the claims covered under the policy. - correct answer A primary obligation of an insurance company is to: Accumulating Risk - correct answer Which of the following is not a reaction to risk? An increase in the possibility that a loss may occur. - correct answer Which of the following describes a hazard? Requiring the policyholder to carry insurance to value. - correct answer Which of the following best meets the test of the "Principle of In...

Property and Casualty License in Arkansas (150 Questions with Correct Answers).Property and Casualty License in Arkansas (150 Questions with Correct Answers).

Arkansas Property and Casualty Insurance Exam Question and answers 100% correct 2024 Customer's property whether or not the insured has been negligent An unique feature in a bailee form is that it covers intentional tort Which of the following would NOT be covered by HO liability insurance? 6 Ways to Show Appreciation for Your Child's Teacher Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:37 / 0:54 Full screen 30 days The mail coverage form is ...