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Insurance Questions and Answers (Q&A)

TammamTarabih
Answered: Feb 13, 2017
C. retroactive basis

4 Answers

John Adney
Answered: Aug 23, 2017
What is: Insurance that pays for the cost of injuries to people involved in an accident and protects the insured against financial loss from lawsuits and other legal expenses incurred as a result...Read More

3 Answers

John Adney
Answered: Sep 18, 2017

C.It covers attorneys fees for legal defense of title.

3 Answers

BRENDA
Answered: Apr 03, 2018

A misrepresentation is a false statement

and a concealment is that you said the material fact but didnt say the whole truth

2 Answers

J. Harty, Writer
Answered: Aug 28, 2019
Business is a thing almost everyone is involved in one way or the other. But businesses vary in levels and sizes. Some businesses are on a subsistence basis while some others can be on a...Read More

2 Answers

E. Stanley, Technical writer
Answered: Apr 24, 2019
The correct answer to this question is B, a closed panel. HMO stands for health maitenance organization and is found in the United States. This closed panel is when doctors or other staff of the...Read More

2 Answers

W. Pratt, Marketing Analyst
Answered: Jan 03, 2019
$18,000 is the unearned premium. Unearned premiums are premiums an insurance company receives before it provides coverage for a specific period. They constitute premiums a policy-holder pays in...Read More

2 Answers

Fsspc
Answered: Feb 17, 2020
First City Bank

A and D are correct. Insurable interest exists when there is an actual economic interest in the safety or preservation of the subject of the insurance from loss or...Read More

2 Answers

J. Goodman, Web Content Writer
Answered: Aug 14, 2019
Some people use insurance agent and broker interchangeably probably because both professions will have the ability to sell insurance. The main difference between the two is to whom they work for....Read More

2 Answers

John Adney
Answered: Sep 13, 2017
I am getting a value of 95% using the below Math. Could someone kindly help me on how 115% is arrived. Thanks in advance. Combined Ratio= Loss Ratio+ Expense Ratio Loss Ratio = [Inc...Read More

2 Answers

Colton, Katie
Answered: Nov 15, 2017
No rate will remain in effect EXCEPT one that is found to be unfairly discriminatory? I believe the wording of the question indicates otherwise. Only a rate found to be impartial would be the...Read More

2 Answers

Ruchita
Answered: Oct 29, 2017

Answer should be - Option D

Personal loss exposure will consider both family and individual

2 Answers

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