Insurable interest Study guides, Class notes & Summaries
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C11 Principles and Practice of Insurance Questions and Answers(A+ Solution guide)
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Areas of regulation for Intermediaries - Q-ualifaction (must pass test) 
O-peration of business (must follow requirements) 
L- Icences - Must have license 
L- icence Renewal - Renewed annual 
The Categories of insurance: - 1) Social 
-Workers Compensation 
2) Life and Health 
Life, accident and sickness, and disability. 
3) General property/casualty insurance 
Personal Property 
Boiler and Machinery 
Automobile 
Commercial property 
Crime 
Business interruption 
Liability 
Aviation 
Marine 
Inla...
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MAC3703 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (663679) - DUE 15 April 2024
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MAC3703 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (663679) - DUE 15 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9......... QUESTION 1 (20 MARKS) 
DNF Waste & Environmental Services (DNF) is an Environmental Management and Waste Management Services Company that was created in 2008. It is one of the leading waste and environmental management service providers in South Africa. DNF is a 100% Black woman owned business and is...
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LML4805 Assignment 2 (QUALITY ANSWERS) Semester 1 2024
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This document contains workings, explanations and solutions to the LML4805 Assignment 2 (QUALITY ANSWERS) Semester 1 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4....... Question 1: 
Briefly set out the legal principles established or confirmed in Littlejohn v Norwich Union Fire Insurance Society 1905 TH 374 (2) in relation to insurable interest over property belonging to a spouse. 
Also provide a brief summary of the facts of the case. (5) 
Question 2: 
Lentumetse Padi takes out insu...
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KY Property & Casualty Insurance Exam 2024 with 100% correct answers
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Faulty wiring in a home is an example of a: 
a) loss 
b) peril 
c) risk 
d) hazard - correct answer Hazard 
 
When a person buys insurance what method of handling risk has been undertaken? 
a) transfer 
b) reduction 
c) avoidance 
d) retention - correct answer Transfer 
 
In property and casualty insurance, insurable interest must exist: 
a) at the time a change is made to a policy 
b) at the time of policy application 
c) at the time of loss 
d) at the time of policy solicitation - correct...
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RECA Fundamentals Exam Questions and Answers Already Passed
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Provincial Legislature 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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Wyoming Producer License Test | Questions with 100% Correct Answers | Verified | Latest Update 2024
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Which of the following is most closely related to the concept of insurable interest? 
A. Loss valuation 
B. Indemnity 
C. Actual cash value 
D. Replacement cost - B. Indemnity 
An insured is indemnified to the degree of his insurable interest in the covered property. 
Replacement cost minus depreciation best defines 
A. actual cash value 
B. direct loss value 
C. insurable interest 
D. financial risk - A. actual cash value 
Actual cash value (ACV) is equal to replacement cost minus depreciation....
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LML4805 Assignment 1 (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED
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Well-structured LML4805 Assignment 1 (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). 1. Good faith and insurable interest may be regarded as possible essential requirements of an insurance contract. Provide reasons why some commentators are of the view that good faith and insurable interest should not be regarded as essential requirements. Refer to relevant authority. (5) 
2. Explain the similarities and differences between insurance contracts a...
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MAINE ADJUSTER PROPERTY AND CASUALTY EXAM 2 2024 WITH 100% CORRECT ANSWERS
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The required minimum amounts of liability car insurance coverage in Maine Answer - 50/100/25 
 
Would a ferry crashing between the coast of Maine and Nova Scotia a be covered by the personal auto insurance policy Answer - No 
 
Limit on Theft of Unscheduled Jewelry Answer - $1500 
 
When insurer and insured cannot agree on loss Answer - they each hire an appraiser 
 
If the appraisers cannot agree on loss Answer - they select an umpire 
 
If the appraisers cannot agree on an umpire Answer - a ju...
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Pearson Vue Life + Health Insurance Practice Exam Questions And Correct Answers
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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...
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Texas Life and Health Insurance Exam (question and answers) 2022/2023
- Exam (elaborations) • 19 pages • 2022
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At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - ANSWER Upon completion of the application 
 
Who elects the governing body of a mutual insurance company? - ANSWER policyholders 
 
An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - ANSWER Fair Credit Reporting Act 
 
What type of reinsurance contract involves two companies automatically sharing their ri...
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