Study guides, Class notes & Summaries

Insurance broker means a person who, for compensation and on behalf of another person, transacts insurance other than life with, but not on behalf of, an insurer. True or False? correct answer: False - An insurance broker is a specialist in insurance and risk management. Brokers act on behalf of their clients and provide advice in the interests of their clients. Transacting insurance includes: A. Execution of a contract of insurance B. All of the choices C. Solicitation D. Negotiation c...

A policy written through the NFIP will provide coverage for: A Extra expenses B Increased costs to comply with local floodplain management laws C Loss of use D Loss of business income correct answers Increased costs to comply with local floodplain management laws Who is responsible for paying premiums, and will receive any premiums that have to be returned? A An additional insured B Any insured C Any named insured D First named insured correct answers First named insured Gene...

CHAPTER 1. Property and Casualty Exam with Complete Solutions INSURANCE The method of spreading the risk of a financial loss among a large number of people. When spreading the risk reduces the financial impact of an individual loss. INSURANCE COMPANY entity that agrees to indemnify (make financially whole again) Insureds against covered losses PROPERTY Various types of insurance designed to insure property from financial loss. D.H.C.I.O.C 1.Dwelling 2.Homeowners 3.Commerical Property...

Property and Casualty Exam (150 Questions) with correct Answers 2024/2025( A+ GRADED 100% VERIFIED).

PROPERTY AND CASUALTY PRACTICE PSI EXAM QUESTIONS AND ANSWERS Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - CORRECT ANSWER -Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water mai...

PROPERTY AND CASUALTY PRACTICE PSI EXAM QUESTIONS AND ANSWERS Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - CORRECT ANSWER -Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water mai...

PROPERTY AND CASUALTY PRACTICE PSI EXAM QUESTIONS AND ANSWERS Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - CORRECT ANSWER -Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water mai...

PROPERTY AND CASUALTY PRACTICE PSI EXAM QUESTIONS AND ANSWERS Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - CORRECT ANSWER -Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water mai...

PROPERTY AND CASUALTY PRACTICE PSI EXAM QUESTIONS AND ANSWERS Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - CORRECT ANSWER -Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water mai...

PROPERTY AND CASUALTY PRACTICE PSI EXAM QUESTIONS AND ANSWERS Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - CORRECT ANSWER -Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water mai...

Property And Casualty - NJ STATE Exam With Actual Solution Professional liability policies protect against liability resulting from - CORRECT ANSWER-A. Errors and Omissions Page 46 Mini-Tail or Extended. Page 60 - CORRECT ANSWER-B. 60 Days after expiration date Not an exclusion under auto physical damage selection. Page 28 - CORRECT ANSWER-C. Carpools Not a covered territory in the personal auto policy. Page 25 - CORRECT ANSWER-C. Mexi