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Transferring the risk to an insurance company is known as what? - Answer- Insurance When the insured request to have the company change a condition or provision in an insurance policy the document attach to the policy is referred to as what? - Answer- Endorsement George and Sandy only home which was damaged by fire who has insurable interest - Answer- George and Sandy What is the most common loss settlement valuation in the property policies? - Answer- Actual cash value The insurance...

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The inspector must have a through knowledge and understanding of the following items: - Enabling legislation, State/Local Statues, ways to alter State/Local Statues The personnel given the responsibility for fire and life safety inspections programs are members of the: - Fire Department Categories of Inspections are: - Annual (Routine), Issuance of a permit, Response to a complaint, Eminent hazard, New Construction, Change in Occupancy, Owner/Occupant Request At the time of inspection the ...

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