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Exam Fx (PROPERTY & CASUALTY) Questions and Answers 100% Pass
Exam Fx (PROPERTY & CASUALTY) Questions and Answers 100% Pass Law of Large Numbers - Correct Answer ️️ -The larger the number of people with a similar exposure to loss, the more predictable actual losses will be. Insurance - Correct Answer ️️ -Transfers the risk of loss from an individual or business entity to an insurance company The three elements of insurable risk are - Correct Answer ️️ -1) Financial 2) Blood (relative) 3) Business Risk - Correct Answer ️️ -The uncert...
- Exam (elaborations)
- • 17 pages •
Exam Fx (PROPERTY & CASUALTY) Questions and Answers 100% Pass Law of Large Numbers - Correct Answer ️️ -The larger the number of people with a similar exposure to loss, the more predictable actual losses will be. Insurance - Correct Answer ️️ -Transfers the risk of loss from an individual or business entity to an insurance company The three elements of insurable risk are - Correct Answer ️️ -1) Financial 2) Blood (relative) 3) Business Risk - Correct Answer ️️ -The uncert...
PSI Practice Questions Property Casualty Exam Questions and Answers 100% Correct
PSI Practice Questions Property Casualty Exam Questions and Answers 100% Correct An insured operates a auto repair shop and has a garage coverage form with garagekeepers insurance when an employee on a test drive with a customer's car is involved in a crash. How will the customer's car be covered by the insured's policy? - Correct Answer ️️ -The customer's car is covered for any physical damage while in the custody of the insured. Liability arising out of any of the following is e...
- Exam (elaborations)
- • 12 pages •
PSI Practice Questions Property Casualty Exam Questions and Answers 100% Correct An insured operates a auto repair shop and has a garage coverage form with garagekeepers insurance when an employee on a test drive with a customer's car is involved in a crash. How will the customer's car be covered by the insured's policy? - Correct Answer ️️ -The customer's car is covered for any physical damage while in the custody of the insured. Liability arising out of any of the following is e...
Personal lines Property & Casualty Exam Questions and Answers 100% Pass
Personal lines Property & Casualty Exam Questions and Answers 100% Pass Risk - Correct Answer ️️ -Chance or Uncertainty of a Loss Peril - Correct Answer ️️ -Possible cause of a loss 2 Years - Correct Answer ️️ -The Commissioner of insurance is appointed by the governor for a term of ______ ending on February 1 of each odd-numbered year? 5 Years - Correct Answer ️️ -The Commissioner of insurance MUST have ________ of experience in business or government. $50,000 - Correct ...
- Exam (elaborations)
- • 33 pages •
Personal lines Property & Casualty Exam Questions and Answers 100% Pass Risk - Correct Answer ️️ -Chance or Uncertainty of a Loss Peril - Correct Answer ️️ -Possible cause of a loss 2 Years - Correct Answer ️️ -The Commissioner of insurance is appointed by the governor for a term of ______ ending on February 1 of each odd-numbered year? 5 Years - Correct Answer ️️ -The Commissioner of insurance MUST have ________ of experience in business or government. $50,000 - Correct ...
Missed PSI Exam - Property & Casualty Questions and Answers 100% Pass
Missed PSI Exam - Property & Casualty Questions and Answers 100% Pass Federal Crop Insurance is a type of insurance sometimes called which one of the following? - Correct Answer ️️ -residual market insurance Homeowner Form HO-2 provides coverage for loss of appliances, carpeting, and other household furnishings for a maximum of how much? - Correct Answer ️️ -$2,500 All of the following are the most commonly used personal inland marine forms EXCEPT - Correct Answer ️️ -builder...
- Exam (elaborations)
- • 10 pages •
Missed PSI Exam - Property & Casualty Questions and Answers 100% Pass Federal Crop Insurance is a type of insurance sometimes called which one of the following? - Correct Answer ️️ -residual market insurance Homeowner Form HO-2 provides coverage for loss of appliances, carpeting, and other household furnishings for a maximum of how much? - Correct Answer ️️ -$2,500 All of the following are the most commonly used personal inland marine forms EXCEPT - Correct Answer ️️ -builder...
Property & Casualty Exam Questions and Answers 100% Pass
Property & Casualty Exam Questions and Answers 100% Pass Insurance - Correct Answer ️️ -The transfer of risk from insured to insurer. Indemnity - Correct Answer ️️ -To restore policy holder to pre-loss condition; make whole. - No better - no worse Law of Large Numbers - Correct Answer ️️ -▬Insurance companies take on many risks with a reasonable assurance of paying a certain number of claims.▬- As number of loss exposures increase, difference between actual & expected res...
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- Exam (elaborations)
- • 35 pages •
Property & Casualty Exam Questions and Answers 100% Pass Insurance - Correct Answer ️️ -The transfer of risk from insured to insurer. Indemnity - Correct Answer ️️ -To restore policy holder to pre-loss condition; make whole. - No better - no worse Law of Large Numbers - Correct Answer ️️ -▬Insurance companies take on many risks with a reasonable assurance of paying a certain number of claims.▬- As number of loss exposures increase, difference between actual & expected res...
Property and Casualty Insurance Exam Prep Questions and Answers 100% Pass
Property and Casualty Insurance Exam Prep Questions and Answers 100% Pass Insurance - Correct Answer ️️ -the transfer of risk from one party to another Indemnity - Correct Answer ️️ -to restore to pre-loss condition. no better, no worse. Real Property - Correct Answer ️️ -permanent structures Personal Property - Correct Answer ️️ -moveable items Peril - Correct Answer ️️ -the cause of a loss Casualty Insurance - Correct Answer ️️ -non-property losses of the insured...
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- Exam (elaborations)
- • 11 pages •
Property and Casualty Insurance Exam Prep Questions and Answers 100% Pass Insurance - Correct Answer ️️ -the transfer of risk from one party to another Indemnity - Correct Answer ️️ -to restore to pre-loss condition. no better, no worse. Real Property - Correct Answer ️️ -permanent structures Personal Property - Correct Answer ️️ -moveable items Peril - Correct Answer ️️ -the cause of a loss Casualty Insurance - Correct Answer ️️ -non-property losses of the insured...
Utah Property and Casualty Insurance Exam Questions and Answers 100% Pass
Utah Property and Casualty Insurance Exam Questions and Answers 100% Pass Absolute Liability - Correct Answer ️️ -Liability that arises from an extremely dangerous situation. Absolute liability is often found in cases involving explosives. Also known as "strict" liability. For ex you are absolutely liable if you keep a wild animal as a pet. Accident - Correct Answer ️️ -A sudden and unexpected event, occurring at a specific time and place. Actual Cash Value (ACV) - Correct Answ...
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- Exam (elaborations)
- • 15 pages •
Utah Property and Casualty Insurance Exam Questions and Answers 100% Pass Absolute Liability - Correct Answer ️️ -Liability that arises from an extremely dangerous situation. Absolute liability is often found in cases involving explosives. Also known as "strict" liability. For ex you are absolutely liable if you keep a wild animal as a pet. Accident - Correct Answer ️️ -A sudden and unexpected event, occurring at a specific time and place. Actual Cash Value (ACV) - Correct Answ...
Property and Casualty Insurance Licensing Exam Questions and Answers 100% Pass
Property and Casualty Insurance Licensing Exam Questions and Answers 100% Pass To prevent recovery beyond the amount of the insured's actual loss, the policy will contain: - Correct Answer ️️ -An Other Insurance Clause Collision coverage of an auto policy covers: a) road damage to the tires b) upset of the vehicle c) frozen engine block d) falling objects - Correct Answer ️️ -B) upset of the vehicle The maximum amount of payable for all losses resulting from one event is known ...
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- Exam (elaborations)
- • 19 pages •
Property and Casualty Insurance Licensing Exam Questions and Answers 100% Pass To prevent recovery beyond the amount of the insured's actual loss, the policy will contain: - Correct Answer ️️ -An Other Insurance Clause Collision coverage of an auto policy covers: a) road damage to the tires b) upset of the vehicle c) frozen engine block d) falling objects - Correct Answer ️️ -B) upset of the vehicle The maximum amount of payable for all losses resulting from one event is known ...
Property and Casualty Practice PSI Exam Questions and Answers 100% Pass
Property and Casualty Practice PSI Exam Questions and Answers 100% Pass 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 ...
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- Exam (elaborations)
- • 25 pages •
Property and Casualty Practice PSI Exam Questions and Answers 100% Pass 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 ...
Earth Science Exam Review 2024 with Complete Solutions
Hondros Nursing 172 Exam 2 Questions and Answers 100% Pass
Oregon Pesticide Examination: Ornamental and Turf Herbicide Questions and Answers 100% Pass
Xcel Solutions Property & Casualty Exam Questions and Answers
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
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