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Property And Casualty Insurance License Questions and Answers (Q&A)

Ernieo
Answered: Feb 25, 2017
The correct answer is B. Margaret's dog is temperamental. She's afraid that it will bite a neighbor someday and she will be held responsible.
Why? It is the only answer that is likely to incur...Read More

4 Answers

427 views
L.Steven
Answered: Jan 07, 2018
Insurance agents are special people who sell their insurance policies to different people. They are the spokesperson of different insurance companies/ they portray their policies in a positive...Read More

2 Answers

271 views
John Smith
Answered: Apr 03, 2020
168 hours

C is correct. Under this endorsement, all earthquake shocks or volcanic eruptions that occur within any 168-hour period constitute a single earthquake or volcanic eruption.

2 Answers

261 views
John Smith
Answered: Apr 03, 2020
$35,000 for buildings and $10,000 for contents

A is correct. When the regular program goes into effect, additional coverage can be purchased: up to $250,000 for building coverage and up to...Read More

2 Answers

251 views
Wyatt Williams
Answered: Apr 03, 2020
At any time

A is correct. The insurance company has the right to inspect the insureds premises at any time.

1 Answer

251 views
John Smith
Answered: Apr 03, 2020
Deductibles apply separately for each applicable coverage unless the deductibles are shown as "combined" for any two or more coverages.

A is correct. Deductibles apply separately for each...Read More

1 Answer

249 views
F. Ray, Student
Answered: Dec 05, 2018
Companies will often pay up to $10,000 to remove pollution if it is covered by a “covered peril”. A covered peril is just something that the insurance company covers. If it the...Read More

3 Answers

243 views
John Smith
Answered: Apr 03, 2020
LaTonya
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...Read More

2 Answers

242 views
John Smith
Answered: Apr 03, 2020
A promise to pay for certain losses if they occur

C is correct. Consideration is the thing of value exchanged under a contract. The insureds consideration is the premium; in return, the...Read More

1 Answer

240 views
John Smith
Answered: Apr 03, 2020
Writing the provisions of a customer s policy

B is correct. Agents have a responsibility to interact effectively with customers in regard to the insurance transaction, but they do not...Read More

1 Answer

239 views
H. Martin, Content Writer
Answered: Oct 24, 2018
The answer to this is C. Are you wondering why this is the correct one? This is because ensuring agreements are responsible for knowing the types of losses that have been insured. This will state...Read More

2 Answers

236 views
John Smith
Answered: Apr 03, 2020
Structures on farm land owned by an insured

Family cemetery plots, newly acquired premises, and premises used as a temporary residence by an insured are all included in the policy...Read More

1 Answer

235 views
John Smith
Answered: Apr 03, 2020
Claims

B is correct. The claims department sees that the companys insureds are adequately indemnified for their losses. Claim adjusters determine the cause of loss, whether the loss is...Read More

1 Answer

234 views
John Smith
Answered: Apr 03, 2020
States that the more examples used to develop a statistic, the more reliable the statistic will be.

C is correct. The law of large numbers says that the more examples used to develop a...Read More

2 Answers

233 views
Fsspc
Answered: Apr 03, 2020
Damage to or loss of the insured ship

Ocean marine protection and indemnity (P&I) coverage provides liability coverage for job-related injuries to sailors, cargo lost or damaged through...Read More

1 Answer

233 views

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