Property and Casualty Insurance Study guides, Class notes & Summaries

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 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 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 ...

PROPERTY AND CASUALTY INSURANCE EXAM/ RECENT VERSION 2024 ALL 200 QUESTIONS AND CORRECT ANSWERS/ BEST GRADED A+

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Which of the following are the authorities that an agent can hold? Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? Permanent partial disability Who is NOT considered an employee in an commercial general liability (CGL) policy? Temporary worker The major portion of the premium of an equipment breakdown policy pays? For inspections and examinations An insured owns a building valued at $400,000. To comply with the 80% ...

Property and Casualty Insurance - Final Exam All Answers Correct An unlicensed employee of an insurance agency may perform all of the following EXCEPT: A) Accept a claim form B) Type correspondence for a direct mail campaign C) Deposit properly endorsed checks into the agency's bank account •• D) Advise an insured of coverage issues A producer must notify the insurance division of an address change within: A) 10 days B) 20 days C) 25 days •• D) 30 days A Temporary Li...