Ad banker pc Study guides, Class notes & Summaries

Which of the following perils would be covered under a Dwelling policy? A Water discharged by a plumbing failure B Overflow of water from a sump pump C Water accumulating below the surface of the ground D Water leakage in a driveway CORRECT ANSWER A Water discharged by a plumbing failure Which of the following is false regarding Temporary Partial Disability benefits? A The injured employee is able to do some work B The injured employee's wages, while disabled, are less than before th...

Which of the following is not true of the Fair Credit Reporting Act? CORRECT ANSWER A - A consumer can obtain the information in the reporting agency file B - Errors in the report can only be changed by court action C - A consumer must be informed whenever insurance was denied due to an adverse report D - A consumer is protected from unwelcome personal information collection practice Answer: B - Errors in the report can only be changed by court action Rates that cannot be used unt...

Which rating method listed below is established by the underwriter? A. Manual rating B. Retrospective rating C. Individual rating D. Judgment rating Answer - D. Judgment rating is the Only rating method that is determined by the underwriter. All other rating methods are determined by the actuarial department of the insurance company. 1.11 The type of insurance company in which the policyholder is considered an owner, with the right to vote and share in the profits, is a: A. Frate...

Which rating method listed below is established by the underwriter? A. Manual rating B. Retrospective rating C. Individual rating D. Judgment rating Answer - D. Judgment rating is the Only rating method that is determined by the underwriter. All other rating methods are determined by the actuarial department of the insurance company. 1.11 The type of insurance company in which the policyholder is considered an owner, with the right to vote and share in the profits, is a: A. Frate...

AD BANKER AL P&C PRACTICE COMP EXAMWhich rating method listed below is established by the underwriter? A. Manual rating B. Retrospective rating C. Individual rating D. Judgment rating - correct answers D. Judgment rating is the Only rating method that is determined by the underwriter. All other rating methods are determined by the actuarial department of the insurance company. 1.11 The type of insurance company in which the policyholder is considered an owner, with the right to vote an...

Ad Banker P&C Comp Test 2023-Solved

Which of the following perils would be covered under a Dwelling policy? A Water discharged by a plumbing failure B Overflow of water from a sump pump C Water accumulating below the surface of the ground D Water leakage in a driveway - CORRECT ANSWER-A Water discharged by a plumbing failure Which of the following is false regarding Temporary Partial Disability benefits? A The injured employee is able to do some work B The injured employee's wages, while disabled, are less than before the...

AD BANKER AL P&C PRACTICE COMP EXAM RATED A Which rating method listed below is established by the underwriter? A. Manual rating B. Retrospective rating C. Individual rating D. Judgment rating D. Judgment rating is the Only rating method that is determined by the underwriter. All other rating methods are determined by the actuarial department of the insurance company. 1.11 The type of insurance company in which the policyholder is considered an owner, with the right to vote and share in the...

AD Banker P&CVicarious Liability - correct answers The liability assigned to one party for the conduct of another, based solely on a relationship between the two. Examples include employer/employee relationships and parent/child relationships. Attractive Nuisance - correct answers An artificial condition on land that attracts children, such as a swimming pool, and requires the owner to exhibit a special duty of care. Legally, children are considered invitees to the premises if it cont...

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