Fx Property (Fx-PROPERTY)

Exam Fx property and casualty Study Guide Questions and Answers 2022/2023 | 100% Correct Verified Answers

Exam Fx-Property and Casualty Exam | Questions with Answers 100%

Exam Fx-Property and Casualty Exam | Questions with Answers 100%

Exam Fx-Property and Casualty Exam | Questions with Verifed Answers

1. To be considered an insurable risk, a loss may NOT be: catastrophic 2. Which of the following persons would be required to hold a producer license?: a nonresident agent who negotiates insurance contracts 3. Which of the following is the oldest known type of insurance?: ocean marine 4. The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks?: the difference in the actual cash value as a pair and as a single 5. Which of the foll...

Exam Fx PROPERTY & CASUALTY Exam Questions and Answers 2023 Rated!! Law of Large Numbers - Correct answer-The larger the number of people with a similar exposure to loss, the more predictable actual losses will be. Insurance - Correct answer-Transfers the risk of loss from an individual or business entity to an insurance company The three elements of insurable risk are - Correct answer-1) Financial 2) Blood (relative) 3) Business Risk - Correct answer-The uncertainty or chance of a loss ...

Exam Fx - PROPERTY & CASUALTY Exam Questions and Answers 2023 Rated!! Law of Large Numbers - Correct answer-The larger the number of people with a similar exposure to loss, the more predictable actual losses will be. Insurance - Correct answer-Transfers the risk of loss from an individual or business entity to an insurance company The three elements of insurable risk are - Correct answer-1) Financial 2) Blood (relative) 3) Business Risk - Correct answer-The uncertainty or chance of a loss...

Exam FX part 3 2023/2024 An endorsement is available for hired and nonowned auto on BOP liability... A. Only if the insured does not have commercial auto coverage B. In addition to commercial auto coverage C. Only if the insured has 4 or more employees D. Never - answers A The Mail Coverage Form is always written on a reporting form basis; after the end of each reporting period shown in the declarations, reports are due within... A. 45 days B. 15 days C. 30 days D. 31 days - answer...