Indemnity Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Indemnity? On this page you'll find 4541 study documents about Indemnity.
Page 2 out of 4.541 results
Sort by
-
NC Adjuster Exam
- Exam (elaborations) • 27 pages • 2023
-
Available in package deal
-
- $12.49
- 2x sold
- + learn more
The most common method of risk management is: 
 
A. The sharing of risk 
B. The assumption of risk 
C. The transfer of risk 
D. Risk avoidance - Answer- C. The transfer of risk 
 
Which of the following types of risk is associated with change is not insurable? 
 
A. Fundamental risk 
B. Particular risk 
C. Dynamic risk 
D. Static risk - Answer- C. Dynamic risk 
 
Insurers are able to calculate their probable losses and to establish the rates for premiums that will cover losses and operating expe...
-
NY Independent General Adjuster Exam - Series 17-70 Questions and Answers 100% Pass
- Exam (elaborations) • 33 pages • 2023
- Available in package deal
-
- $9.99
- 7x sold
- + learn more
NY Independent General Adjuster Exam - Series 17-70 Questions and Answers 100% Pass Dram Shop Liability refers to: Liquor Law Liability. 
The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? Neglect. 
To be eligible for the New York assigned risk auto plan a person must: Hold a valid driver's license. 
Any insurance...
-
Final Exam-Michigan Life and Health Questions and Answers 2023/2024
- Exam (elaborations) • 18 pages • 2023
-
Available in package deal
-
- $12.49
- 9x sold
- + learn more
What amount will be paid under a policy where the insured misstated his/her age? - Answer- an amount the premium would have purchased at the correct age 
 
the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days - Answer- 30 days 
 
which of these is considered to be a Living benefit option in a life insurance policy - Answer- Accelerated death benefit 
 
loans obtained by a policy owner against the cash value of a life in...
-
Better Hawaii Adjuster's Exam | 160 Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 15 pages • 2023
-
- $15.49
- 2x sold
- + learn more
Which of the following statements is not correct regarding qualifications for an adjuster's license? - 
An attorney who adjusts losses from time to time is considered an adjuster. 
An unauthorized insurance company may also be referred to as a - Surplus lines insurer 
Which of the following statements is not correct regarding surplus lines insurance? - The surplus 
lines insurance must be procured at a rate that is lower than the prevailing rate for the same type of 
coverage 
A surplus lines b...
-
CIC Commercial Multi-line Exam Prep (100% Correct Answers)
- Exam (elaborations) • 26 pages • 2023
-
- $10.79
- 2x sold
- + learn more
CIC Commercial 
Multiline Exam 
Identify and describe the three primary purposes of excess liability/umbrella policies 
(LO1) - ANSWER 1. Provide additional limits that are excess over underlying limits of 
insurance 
2. Provide primary coverage when underlying poliy does not respond beacuse its 
aggregate limits of insruance are exhausted. 
3. Provide broader coverage than the exsiting underlying insurance 
excess liability coverage forms and commercial umbrella liability policy - ANSWER 1...
And that's how you make extra money
-
Adjuster Pro Texas with Complete Questions and Answers 100% Verified
- Exam (elaborations) • 30 pages • 2023
-
Available in package deal
-
- $10.99
- 2x sold
- + learn more
Adjuster Pro Texas with Complete Questions and Answers 100% VerifiedAdjuster Pro Texas with Complete Questions and Answers 100% VerifiedAdjuster Pro Texas with Complete Questions and Answers 100% VerifiedAdjuster Pro Texas with Complete Questions and Answers 100% Verified 
All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: - ANSWER-Causes of loss that are not covered 
 
Which of the following best defines the principle of indemnity? -...
-
AFSB 153 Sample Exam | 80 Questions with 100% Correct Answers | Updated & Verified | 27 Pages
- Exam (elaborations) • 27 pages • 2023
-
- $18.49
- 1x sold
- + learn more
The surety relationship includes all of the following parties, EXCEPT: 
a. Surety 
b. Fiduciary 
c. Obligee 
d. Principal - b. Fiduciary 
All of the following are recognized bond terms, EXCEPT: 
a. Noncancelable (open term) 
b. Definite term 
c. Continuous term 
d. Revolving term - d. Revolving term 
In addition to assisting bond applicants to complete applications and indemnity agreements, 
some surety producers 
a. Investigate commercial surety bond losses. 
b. Design commercial surety bond fo...
-
Practice Exam for CAIB 1 Latest 2023 with complete solution
- Exam (elaborations) • 13 pages • 2023
-
- $10.49
- 4x sold
- + learn more
1.	Insurers are in the business of assuming the financial risks of others which involves entering into a formal contract. A contract is enforceable at law only when all legal elements have been observed. Insurance contracts differ from other formal agreements and are subject to what three additional elements?: Insurable Interest 
Utmost Good Faith Indemnity 
2.	Explain the meaning and disadvantage of the following approaches: Avoid- ance of Risk & Control of Risk: Avoidance: Avoidance means that...
-
CA PSI Site - Life, Accident and Health Agent Examination (Life Agent) with Complete Solutions
- Exam (elaborations) • 19 pages • 2023
- Available in package deal
-
- $11.49
- 2x sold
- + learn more
CA PSI Site - Life, Accident and Health Agent Examination (Life Agent) with Complete SolutionsCA PSI Site - Life, Accident and Health Agent Examination (Life Agent) with Complete SolutionsAdmitted Insurance Company vs. Non-Admitted Insurance Company - ANSWER-An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) 
 
A non-admitted insurance company is not authorized to transa...
-
Pearson Vue Life + Health Insurance Practice Exam Questions And Correct Answers
- Exam (elaborations) • 17 pages • 2024
-
- $10.49
- 1x sold
- + learn more
Pearson Vue Life + Health Insurance Practice Exam Questions And Correct Answers 
 
P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: 
a: irrevocable beneficiary 
b: revocable beneficiary 
c: secondary beneficiary 
B 
A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: 
A. indemnity contract 
B. invest...
Did you know that on average a seller on Stuvia earns $82 per month selling study resources? Hmm, hint, hint. Discover all about earning on Stuvia