Study guides, Class notes & Summaries

Property and Casualty Exam Questions and Answers 100% Pass 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 Answer ️️ -true which of the following coverages does an open peril policy provide? - Correct Answer ️️ -perils other than those specifically named as being excluded determine the actual cash value in the following situation: original pric...

California Commercial Insurance Exam Questions and Answers 100% Pass What is a Modular Policy? - Correct Answer ️️ -A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)? - Correct Answer ️️ -A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. What must a CPP policy consist of? - Correct Answer ️️ -A Declar...

Exam Fx-Property and Casualty Exam Questions and Answers 100% Pass To be considered an insurable risk, a loss may NOT be - Correct Answer ️️ - catastrophic Which of the following persons would be required to hold a producer license? - Correct Answer ️️ -a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? - Correct Answer ️️ - ocean marine The contents coverage on a homeowners policy would pay how much after the ...

P+C practice test questions and answers 100% score Which type of protection can a casualty licensee offer in addition to protecting against loss or damage of property? - Correct Answer ️️ -They can provide coverage to protect against legal liability. The Managing General Agent negotiates and binds ceding insurance on behalf of whom? - Correct Answer ️️ -The insurer Who is able to place business through the California Automobile Assessed Risk Program? - Correct Answer ️️ -only ...

Property and Casualty Insurance Mastery Exam A Questions and Answers 100% Pass An insured rents a car while on vacation in Canada and causes an accident. Is there coverage under his personal auto policy? - Correct Answer ️️ -The loss is covered under an unendorsed personal auto policy. Under the workers' compensation laws, which of the following would NOT be covered? - Correct Answer ️️ -Heart-related illness resulting from hereditary causes An insurance policy covers fire, will ...

IDAHO PROPERTY & CASUALTY EXAM PREP QUESTIONS AND ANSWERS 2024.

PROPERTY AND CASUALTY EXAM PREP QUESTIONS AND ANSWERS 2024.

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