Exam (elaborations) CPCU 551 questions and answers 100% correct Exam (elaborations) CPCU 500 Exam Study Guide questions answered 100% correct Exam (elaborations) CPCU 552 questions and answers 2023 Exam (elaborations) CPCU 553 Personal Insurance questions answered 100% correct Exam (elabor...
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Risk the uncertainty about outcomes, with the possibility that some of the outcomes can be negative. Quantified by knowing the probability of the possible outcomes Probability the likelihood that an outcome or event will occur. Probabilities are stated as a decimal figure, a percentage, or ...
Voorbeeld 1 van de 2 pagina's
In winkelwagenRisk the uncertainty about outcomes, with the possibility that some of the outcomes can be negative. Quantified by knowing the probability of the possible outcomes Probability the likelihood that an outcome or event will occur. Probabilities are stated as a decimal figure, a percentage, or ...
CHAPTER 1 ... What are the two elements of risk? -Uncertainty of outcome - Time of the outcome and type of outcome are uncertain -possibility of a negative outcome - at least 1 outcome is negative What is the difference between probability and possibility? Possibility - an outcome ...
Voorbeeld 2 van de 10 pagina's
In winkelwagenCHAPTER 1 ... What are the two elements of risk? -Uncertainty of outcome - Time of the outcome and type of outcome are uncertain -possibility of a negative outcome - at least 1 outcome is negative What is the difference between probability and possibility? Possibility - an outcome ...
Big Data Sets of data that are too large to be gathered and analyzed by traditional methods. Smart product An innovative item that uses sensors; wireless sensor networks; and data collection, transmission, and analysis to further enable the item to be faster, more useful, or otherwise i...
Voorbeeld 2 van de 9 pagina's
In winkelwagenBig Data Sets of data that are too large to be gathered and analyzed by traditional methods. Smart product An innovative item that uses sensors; wireless sensor networks; and data collection, transmission, and analysis to further enable the item to be faster, more useful, or otherwise i...
Ethical behavior is based on reasoned consideration of all issues surrounding a conflict Morality is universal and basic to human relationships Maintaining high ethical standards is best associated with knowledge of law and regulations The Sarbanes-Oxley federal law requires ...
Voorbeeld 3 van de 23 pagina's
In winkelwagenEthical behavior is based on reasoned consideration of all issues surrounding a conflict Morality is universal and basic to human relationships Maintaining high ethical standards is best associated with knowledge of law and regulations The Sarbanes-Oxley federal law requires ...
Commercial Package Policy (CPP) 1-1 Policy that covers two or more lines of business by combining ISO's commercial lines coverage parts Businessowners Policy (BOP) 1-2 A package policy that combines most of the property and liability coverages needed by small and medium-sized businesses ...
Voorbeeld 2 van de 14 pagina's
In winkelwagenCommercial Package Policy (CPP) 1-1 Policy that covers two or more lines of business by combining ISO's commercial lines coverage parts Businessowners Policy (BOP) 1-2 A package policy that combines most of the property and liability coverages needed by small and medium-sized businesses ...
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Loss exposure Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Cause of loss (peril) The actual means by which property is damaged or destroyed. Property loss exposure A condition that presents the possibility that a person or an ...
Voorbeeld 2 van de 12 pagina's
In winkelwagenLoss exposure Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Cause of loss (peril) The actual means by which property is damaged or destroyed. Property loss exposure A condition that presents the possibility that a person or an ...
CPCU 552 questions and answers 2023 Which one of these is not an example of a coverage that is excluded under Coverage A of the CGL coverage form because it is insured under another policy? Liquor liability (Liquor liability is not an example of a coverage that is excluded under Coverage A of the ...
Voorbeeld 3 van de 18 pagina's
In winkelwagenCPCU 552 questions and answers 2023 Which one of these is not an example of a coverage that is excluded under Coverage A of the CGL coverage form because it is insured under another policy? Liquor liability (Liquor liability is not an example of a coverage that is excluded under Coverage A of the ...
In the context of risk, the chance of being injured while driving to and from work, loading a truck at work, moving furniture at home, or falling in an icy parking lot at the mall are all examples of A. Possibilities. B. Uncertainties. C. Probabilities. D. Losses. A. Possibilities. ...
Voorbeeld 4 van de 113 pagina's
In winkelwagenIn the context of risk, the chance of being injured while driving to and from work, loading a truck at work, moving furniture at home, or falling in an icy parking lot at the mall are all examples of A. Possibilities. B. Uncertainties. C. Probabilities. D. Losses. A. Possibilities. ...
A building had been vacant for 60 days, and the insurer didn't know about it, when it sustained 100K, 5K, and 1K losses due to windstorm, theft, and sprinkler leakage, respectively. What amount is covered under CPP? 85K, 0, and 0. If a building is vacant for 60 or more consecutive days before the ...
Voorbeeld 3 van de 23 pagina's
In winkelwagenA building had been vacant for 60 days, and the insurer didn't know about it, when it sustained 100K, 5K, and 1K losses due to windstorm, theft, and sprinkler leakage, respectively. What amount is covered under CPP? 85K, 0, and 0. If a building is vacant for 60 or more consecutive days before the ...
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