Casualty insurance law Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Casualty insurance law? On this page you'll find 1723 study documents about Casualty insurance law.
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PROPERTY AND CASUALTY INSURANCE (TEXAS STATE LAW SUPPLEMENT)
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PROPERTY AND CASUALTY INSURANCE (TEXAS STATE LAW SUPPLEMENT)
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USAA Licensing Exam Verified Questions And Answers 2024
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Insurance - Transfer of risk from one person or organization to an insurance company 
 
Indemnity - The principle to restore the insured to the pre-loss economic or financial condition. 
 
Law of Large numbers - Mathematical principle used by insurers to predict losses to charge the appropriate premiums 
 
Insurable Interest - Proof that someone stands to lose financially if a loss occurs; must exist at the time of the loss in property and casualty insurance 
 
Binder - Temporary insurance contr...
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Florida Health 240 Insurance with 100% correct answers
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Rules of Construction 
Help to identify and establish the intent of the parties to the contract 
 
 
 
Utmost good faith 
Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. 
 
 
 
Aleatory Contract 
A contract under which one party's performance is contingent on an uncertain event. 
 
 
 
property and casualty agent 
has the power to bind the insurer...
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Washington State Property & Casualty Insurance Exam 100% correct answers
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Washington State Property & Casualty Insurance Exam 100% correct answers Authorized Insurer 
An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. 
 
 
 
Contact adhesion 
the accepter of the contract must "adhere" to the written contract 
 
 
 
inducement 
An action aimed at persuading 
 
 
 
insolvent 
Bankrupt; unable to pay debts. 
 
 
 
Transacting Insurance 
Conducting insurance business, such as solicit...
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Pennsylvania Property and casualty insurance Exam 2024
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Pennsylvania Property and Casualty Law Supplement Exam Questions and Answers (Latest Update 2024)

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Pennsylvania Property and Casualty Licensing Exam Questions and Answers (latest Update 2024)

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Pennsylvania Property and casualty insurance Exam Questions and Answers (2024 update)

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Iowa State Law Property & Casualty Insurance – Exam Questions and Answers
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Iowa State Law Property & Casualty Insurance – Exam Questions and Answers
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N.C. Claims Adjuster Exam Latest 2023 Rated A+
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N.C. Claims Adjuster Exam Latest 2023 Rated A+ Inception/Expiration Date an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. 
Occurrence Date Date of which the loss occurred 
Identification of parties involved The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witness(s)....
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2022-2023 Texas Adjuster Study Guide 367 QUESTIONS AND ANSWERS
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2022/2023 
Texas Adjuster Study Guide 367 QUESTIONS AND ANSWERS 
 
 
 
1.	PERILS: A CAUSE OF PROPERTY LOSSES UNDER AN INSURANCE CON- TRACT EX: WINDSTORM, HURRICANE, EXPLOSION, COLLAPSE OF BUILD- ING, VANDALISM, ACCIDENTAL DISCHARGE, AND THEFT 
2.	LAW OF LARGE NUMBERS: A FUNDAMENTAL CONCEPT IN STATISTICS 
AND PROBABILITY THAT DESCRIBES HOW THE AVERAGE OF A RANDOM- 
LY SELECTED LARGE SAMPLE FROM A POPULATION. IT BASICALLY RE- LIES ON THE PRINCIPLE THAT THE LARGER THE POOL, THE MORE PRE- DICTAB...
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California property and casualty exam, Pool Questions & Answers. Verified. Rated A
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California property and casualty exam, Pool Questions & Answers. Verified. Rated A 
 
 
 
The process where by a mutul insurer becomes a stock company is called - Demutalization 
 
The process whereby a stock company a mutal insurer is called - Mutalization 
 
The provision in a property policy which states that the insured has been paid up to their insurable interest is - Valuation clause 
 
The part of the policy that states the amout of coverage the insured property policy period is - Declara...
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Texas Property and Casualty Exam Bundle
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Texas Property & Casualty License, Texas Property and Casualty Exam, Texas Property & Casualty Insurance, Exam Prep, Practice Exam, Policies Test, Exam Questions & Answers, CHAPTER 1, Texas Property & Casualty, Practice Exam, Statutes and Rules Pertinent, Adjusters License, General Lines (Law and Regulations), Exam Prep Terms,
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