Property and Casualty Insurance

Property And Casualty Insurance Exam – Georgia Complete Questions And Answers Property And Casualty Insurance Exam – Georgia Complete Questions And Answers

PROPERTY AND CASUALTY INSURANCE EXAM – GEORGIA LATEST 4 VERSIONS| 450 EXAM QUESTIONS AND ANSWERS 100% PASS

Specific insurance - ANSWERSThis type of insurance designates a particular item to be insured Blanket insurance - ANSWERSThis type of insurance covers more than one item of property at a single location or one more items of property at multiple locations. Speculative - ANSWERSpossibility of both gain and loss. Not insurable. Pure - ANSWERSonly the possibility of loss. Insurable. What are the 5 methods of managing or handling risk? - ANSWERSavoid, control, retain, and transfer risk. ...

PROPERTY AND CASUALTY INSURANCE EXAM – GEORGIA

Specific insurance CORRECT ANSWER This type of insurance designates a particular item to be insured Blanket insurance CORRECT ANSWER This type of insurance covers more than one item of property at a single location or one more items of property at multiple locations. Speculative CORRECT ANSWER possibility of both gain and loss. Not insurable. Pure CORRECT ANSWER only the possibility of loss. Insurable. What are the 5 methods of managing or handling risk? CORRECT ANSWER avoid, control...

PROPERTY AND CASUALTY INSURANCE EXAM – GEORGIA

Which of the following are the authorities that an agent can hold? - correct answer Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? - correct answer Permanent partial disability Who is NOT considered an employee in an commercial general liability (CGL) policy? - correct answer Temporary worker The major portion of the premium of an equipment breakdown policy pays? - correct answer For inspections and examinations ...

Property and Casualty Insurance | 335 Questions | With Complete Solutions

Acceleration Clause - ANSWER The part of a contract that says when a loan may be declared due and payable. Accidental Death Benefit - ANSWER In a life insurance policy, benefit in addition to the death benefit paid to the beneficiary, should death occur due to an accident. There can be certain exclusions as well as time and age limits. Active Participant - ANSWER Person whose absence from a planned event would trigger a benefit if the event needs to be canceled or postponed. Activities ...

Property and Casualty insurance exam 1. Insurance: The transfer of risk through a legal contract