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

Exam FX Insurance Practice Exam Questions and Answers (Graded A) Exam FX Insurance Practice Exam Questions and Answers (Graded A) Exam FX Insurance Practice Exam Questions and Answers (Graded A)The causes of loss insured against in an insurance policy are known as - ANSWER-Perils Before an insurer will pay any loss under a policy, what is usually required from the insured? - ANSWER-Proof of loss An insured works outside the home. The insured's sister lives with him and cares for...

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Health Insurance (Exam FX) Latest Update Graded A+ Agent/Producer A legal representative of an insurance company Broker An insurance producer not appointed by an insurer and whom represents the client Insured A person covered by an insurance policy Insurance policy A legal contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured/beneficiary for losses caused by specific events Principal Insurer, company who issues insurance polic...

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Exam Fx (PROPERTY & CASUALTY) QUESTIONS AND ANSWERS 100% ACCURATEExam Fx (PROPERTY & CASUALTY) QUESTIONS AND ANSWERS 100% ACCURATEExam Fx (PROPERTY & CASUALTY) QUESTIONS AND ANSWERS 100% ACCURATE Law of Large Numbers - ANSWER-The larger the number of people with a similar exposure to loss, the more predictable actual losses will be. Insurance - ANSWER-Transfers the risk of loss from an individual or business entity to an insurance company The three elements of insurable risk are - ANSWE...

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