Remojudytask

Only the property specifically listed or scheduled on the policy is insured. - CORRECT ANSWER-Scheduled coverage. Building, Stock and Equipment are insured under a single limit of insurance. - CORRECT ANSWER-Property of Every Description (POED) coverage. All property owned by the insured is covered or "blanketed" by a single limit of insurance. (May insure property at more than one location.) - CORRECT ANSWER-All Property (Blanket) coverage. 1) Building 2) Equipment 3) Stock. - CORR...

1. Is perceived as being too technical 2. Reluctance of insured to reveal earnings 3. Lack of consumer knowledge - CORRECT ANSWER-Identify three reasons or obstacles to selling business interruption instance 1. Physical damage to property 2. Failure or breakdown of public utilities 3. Transportation related accidents 4. Physical damage to neighbouring premises 5. Loss caused to property of major supplier or costumer 6. Actions of regulatory authorities 7. Ancillary cause (strikes, l...

Identify three leading causes of fires in Canada - CORRECT ANSWER-1. Arson or suspected arson 2. Failure or malfunction of mechanical or electrical equipment 3. Misuse of source of ignition Identify what information is requied by law to apper on all insurance polcies - CORRECT ANSWER-1. Name of parties to the contract 2. Policy period 3. Loss payable of payee 4. Summary of insurance coverages and amounts for which insurer may be liability 5. Rate and premium charged 6. Subject mat...

Identify the company which assumes the greatest portion of an account? (Ch. 1) - CORRECT ANSWER-Lead company What is "reinsurance" (Ch. 1) - CORRECT ANSWER-Reinsurance is when an insurance company "cedes" part of the risk to a reinsurer. What are three considerations used when determining amounts of indemnity? (ch 1) - CORRECT ANSWER-1. Actual cash value of property as it existed immediately prior to loss. 2. The interest of the insured in the property. 3. The amount of insurance as sh...

1) Convertibility; 2) Value; 3) Portability. - CORRECT ANSWER-Three factors of personal property that can help business owners determine loss potential from a criminal act. 1) Forced entry into building; 2) Forced entry into protected enclosures; 3) Unforced entry into building or protected enclosures; 4) Forced opening of building and protected enclosures; 5) Vandalism and mailicious acts; 6) Espionage; 7) Shoplifting; 8) Employee theft. - CORRECT ANSWER-Methods criminals use that c...

Actual Cash Value - CORRECT ANSWER-replacement cost - depreciation Reinsurance - CORRECT ANSWER-An insurer cedes part of the risk to their reinsurers. Subscription Policy - CORRECT ANSWER-A group of insurers come together & agree to insure a risk Condition - CORRECT ANSWER-A requirement to do or not to do something Warranty - CORRECT ANSWER-A promise that certain material facts are true & shall remain true Material Fact - CORRECT ANSWER-A fact which if communicated to the insurer,...

1. Residential (homes) 2. Mercantile (hospital) 3. Non-mercantile (stores) 4. Manufacturing/industrial (manufacturing plants) - CORRECT ANSWER-Identify 4 categories that buildings may fall into and give an example of each 1. Scheduled basis 2. All property basis - CORRECT ANSWER-Identify two bases that coverage can be provided 1. Scheduled basis - only property which is specifically identified or scheduled on the policy is insured 2. All property - All property owned by the insured i...

Define 'adverse selection' - CORRECT ANSWER-This happens when only those accounts exposed to certain perils are the accounts applying for coverage such as those near rivers are the only accounts applying for flood coverage What are four functions performed by underwriters - CORRECT ANSWER-1) Risk selection 2) Risk classification 3) Rating and rate making 4) Policyholder's services Define 'Risk Classification" - CORRECT ANSWER-Taking all accounts similar to each other and placing th...

1) Failure or malfunction of mechanical or electrical equipment; 2) Arson; 3) Misuse of ignition source. - CORRECT ANSWER-The three leading causes of fire losses in Canada. Policy period takes effect at 12:01 a.m. standard time at the address of the Named Insured as stated on the policy. - CORRECT ANSWER-The policy-period start that's applicable to most commercial property policies. The insurer is liable to that party, meaning that it may have to pay the claim twice. - CORRECT ANSWER-Th...

The three amounts to be considered when calculating the amount of payment as outlined in the Indemnity Agreement are: - CORRECT ANSWER-1) the value of the lost or damaged property (ACV) 2) the interest of the insured in the property (ex. financial interest, home, mortgage) 3) the amount of insurance specified on the "Declarations Page" for the loss or damaged property (least amount|) Identify the four categories that buildings may fall into: - CORRECT ANSWER-Residential (ex. home) No...

Your client, a retail fashion store, has just rented a business premises in a mall. Before opening your business, she plans to install new wall to wall carpeting and install wall paneling. These values would be insured under the amount provided for: A. Stock B. Equipment C. Building D. Business Interruption - CORRECT ANSWER-B. Equipment While the law permits the insurer to surrogate against the party responsible for the loss, the insurer agrees not to exercise that right in respect to c...

Your client, a retail fashion store, has just rented a business premises in a mall. Before opening your business, she plans to install new wall to wall carpeting and install wall paneling. These values would be insured under the amount provided for: A. Stock B. Equipment C. Building D. Business Interruption - CORRECT ANSWER-B. Equipment While the law permits the insurer to surrogate against the party responsible for the loss, the insurer agrees not to exercise that right in respect to c...

Scheduled Coverage - CORRECT ANSWER-refers to policy on which coverage is provided only on that property which is specifically identified or scheduled All Property - CORRECT ANSWER-refers to policy used to insure building, equipment and stock under a single limit of Insurance Tenants Improvement - CORRECT ANSWER-building improvements, alteration and betterments made at expense of or purchased by the insured to a building occupied by the insured and which are not otherwise insured, provided...

An application and a submission are not the same thing. Identify three items that a submission may include: - CORRECT ANSWER--an application -additional verbal information -additional written information, including previous policy premium, loss history and details of loses, financial statements, photographs Identify five steps of the broker's role in the underwriting process: - CORRECT ANSWER--completion of survey -search for interested insurer -meet with client, discuss quotes and s...

Identify 3 classes of property insured by commercial property insurance policies - CORRECT ANSWER-Building, Equipment, Stock Identify 2 ways used to insure commercial property and a brief explanation of each - CORRECT ANSWER-Scheduled coverage: only that property specifically identified or scheduled on the policy is insured All Property (formerly POED) a single limit of insurance is provided for building, stock, and equipment. Scheduled Coverage - CORRECT ANSWER-refers to the policy on wh...

What are 2 examples of temporary locations where property maybe located and insured by temporary location coverage? - CORRECT ANSWER-1) When at customers premises on a pre-sale trial basis 2) When at warehouse awaiting pickup by client What are 3 coverages found in EDP Policies? - CORRECT ANSWER-1) Loss to data processing systems and components (hardware) 2) Loss to data processing media and programs (software) 3) Extra Expenses What are 2 key coverage advantages provided by section I o...

PACKAGE DEAL FOR PALS WITH BEST RATINGS (RATED A+)

Croup - CORRECT ANSWER-Epinephrine, Corticosteriods Anaphylaxis - CORRECT ANSWER-Epinephrine, Albuterol, Antihistamines, Coritcosteriods Foreign body obstructions - CORRECT ANSWER-Clear airway, position of comfort Upper airway obstructions - CORRECT ANSWER-Croup, Anaphylaxis, Foreign body obstruction Lower Airway Obstructions - CORRECT ANSWER-Asthma, Bronchiolitis Asthma - CORRECT ANSWER-Albuterol, corticosteriods, subc epi, mag sulfate,

Which of the following should Jeremy do immediately after checking for responsiveness using the shout-tap-shout sequence? - CORRECT ANSWER-The first step is simultaneously assessing for breathing and a central pulse for at least 5 seconds, but less than 10. After determining that the infant is not breathing and does not have a pulse, which of the following should the nurses start immediately? - CORRECT ANSWER-Immediate care consists of performing high-quality CPR and administration of 100% ox...

Following the pediatric assessment triangle (PAT), record the findings from the rapid assessment of Noah. - CORRECT ANSWER-Appearance: Normal Work of Breathing: Normal Circulation: Abnormal Which of the following should be included in the primary assessment of Noah? - CORRECT ANSWER-pulse respiratory rate blood pressure pulse ox reading put him on a cardiac monitor obtain a 12-lead ECG. In observing this ECG reading, you note which wave form is not clearly identifiable? - CORRECT A...