SASU Study guides, Class notes & Summaries

Arkansas Property & Casualty Practice ExamPay the claims covered under the policy. - correct answer A primary obligation of an insurance company is to: Accumulating Risk - correct answer Which of the following is not a reaction to risk? An increase in the possibility that a loss may occur. - correct answer Which of the following describes a hazard? Requiring the policyholder to carry insurance to value. - correct answer Which of the following best meets the test of the "Principle of In...

Property and Casualty License in Arkansas (150 Questions with Correct Answers).Property and Casualty License in Arkansas (150 Questions with Correct Answers).

Arkansas Property & Casualty Practice ExamPay the claims covered under the policy. - correct answer A primary obligation of an insurance company is to: Accumulating Risk - correct answer Which of the following is not a reaction to risk? An increase in the possibility that a loss may occur. - correct answer Which of the following describes a hazard? Requiring the policyholder to carry insurance to value. - correct answer Which of the following best meets the test of the "Principle of In...

Arkansas Property and Casualty Insurance Exam Question and answers 100% correct 2024 Customer's property whether or not the insured has been negligent An unique feature in a bailee form is that it covers intentional tort Which of the following would NOT be covered by HO liability insurance? 6 Ways to Show Appreciation for Your Child's Teacher Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:37 / 0:54 Full screen 30 days The mail coverage form is ...

Arkansas Property and casualty pt2when would theft of property of guest and residence employees be covered under the HO8 form? - correct answer Only while on the insured premises In general, what do homeowner’s policies cover? - correct answer Dwellings used primarily as private residences What HO form covers a historic home with replacement cost more than the market value? - correct answer HO8 modified Homeowners What Homeowners policy form is known as a special form? - correct answe...

Arkansas Property and Casualty Exam Question and answers correctly solved 2024Personal Auto Policy - correct answer Part A: Liability Coverage Part B: Medical Payments Coverage Part C: Uninsured Motorists Coverage Part D: Coverage for Damage to Your Auto Part E: Duties After an Accident or Loss Part F: General Provisions You and Your - correct answer The named insured listed in the declarations, and the spouse if a resident of the same household. The named insured should always be the pe...

Arkansas Property and Casualty Exam Questions and Answers

Arkansas Property and casualty pt2when would theft of property of guest and residence employees be covered under the HO8 form? - correct answer Only while on the insured premises In general, what do homeowner’s policies cover? - correct answer Dwellings used primarily as private residences What HO form covers a historic home with replacement cost more than the market value? - correct answer HO8 modified Homeowners What Homeowners policy form is known as a special form? - correct answe...

What is a producer? - Answer- An individual and/or entity authorized in writing contracts of insurance A person who resides in a particular state and transacts business in one state for a particular company - Answer- Resident Producer What are the state Commissioner's responsibilities? - Answer- To enforce insurance code and administers/regulates existing laws that have already been passed by Kansas Legislature How often does the Commissioner do audits? - Answer- At least once every 5 ...

Arkansas Property & Casualty Questions with complete solution 2024Accident - correct answer A sudden & unexpected event which occurs at a specific time & place. In easy-to-read policies, also includes loss which occurs over a period of time. Actual Cash Value (ACV) - correct answer The cost to replace an item of property at the time of loss, less an allowance for depreciation. Often used to determine amount of reimbursement for a loss. Additional Living Expense - correct answer A Coverage ...