A package deal for Property and Casualty Insurance Exam With Latest Updated Solutions 2024

Property And Casualty Insurance Exam With Verified Solutions 2024 What is a peril? - correct answer.A Peril is a cause of loss What is a hazard? - correct answer.Something that increases the chance of a loss What is the difference between a Moral hazard and a Morale Hazard? - corr...

Property And Casualty Exam With Detailed And Verified Solutions 2024 Bailee - correct answer.An individual or organization who has taken into its care, custody, and/or control the property of another for servicing, repair, or storage Hazard - correct answer.Something that increases t...

Property And Casualty Exam With Latest Solutions 2024 the one basic characteristic of any type of insurance is that the insured is returned to the same status that existed prior to the loss, but without a chance for gain or profit - correct which of the following coverages does an open pe...

Property And Casualty Insurance Exam With Correct And Verified Solutions 2024 Insurance - correct answer.Transfer of risk form a person or business to an insurer Loss - correct tainty/possibility of a loss Speculative vs pure risk - correct answer.Speculative - chance of los...

NJ Property Casualty Insurance Exam With Detailed And Real Updated Solutions 2024 Why was the commercial Insurance Deregulation Act Created? - correct answer.To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices ...

California Property And Casualty Exam With Latest Updated Solutions 2024 The process where by a mutul insurer becomes a stock company is called - correct answer.Demutalization The process whereby a stock company a mutal insurer is called - correct answer.Mutalization T...

Property And Casualty Insurance Exam With Complete Solutions 2024 Which of the following are the authorities that an agent can hold? - correct answer.Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? - correct a...

PA Property Casualty Practice Exam With Complete And Detailed Solutions 2024 An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of an earthquake, mudslide, landslide, or sinkhole. - correct Earth movement exclus...

Property And Casualty Chapter 1 Exam With Correct Solutions A chance or uncertainty of loss is called ___? - correct answer.Risk Gambling is an example of ____. - correct answer.Speculative risk Insurance will only cover ____ risks. - correct answer.Pure The transfer of risk ...

Property And Casualty Insurance Exam With Correct Solutions 2024 Absolute Liability - correct answer.Liability that arises from an extremely dangerous situation. Absolute liability is often found in cases involving explosives. Also known as "strict" liability. For ex you are abs...