DP2 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about DP2? On this page you'll find 96 study documents about DP2.
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NJ Property & Casualty Exam Practice Questions with Verified Answers
- Exam (elaborations) • 8 pages • 2023
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What is a Business Owners Policy (BOP)? - ANSWER-They usually are targeted at small and medium-sized businesses. This assembles the basic coverages required by a business owner in one bundle. 
 
What are the features of a BOP Policy? - ANSWER-Property Liability, Business Income, and General Liability 
 
What is the method of valuation on building and business personal property? - ANSWER-Replacement Cost / 80% or more of the full replacement cost of the property 
 
How long is the "Period of Res...
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PROPERTY AND CASUALTY ENDORSEMENTS EXAM PREP QUESTIONS AND ANSWERS 2024
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Automatic Increase in Insurance (Dwelling) 
Provide annual increase in Coverage A & B in 4%, 6%, or 8% 
 
 
 
Dwelling Under Construction Endorsement (Dwelling) 
Used when dwelling under construction - policy limit based on value of partially completed home, increases as home progresses 
 
 
 
Mobile Home (Dwelling) 
Allows mobile home to be insured, must be on permanent foundation 
 
 
 
Broad Theft Coverage (Dwelling) 
Broad for owner occupied (limited for not owner occupied) 
 
Exclusions: An...
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NY Independent General Adjuster Exam - Series 17-70
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NY Independent General Adjuster Exam - Series 17-70 
Dram Shop Liability refers to: - ANS Liquor Law Liability. 
 
The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? - ANS Neglect. 
 
To be eligible for the New York assigned risk auto plan a person must: - ANS Hold a valid driver's license. 
 
Any insurance ...
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ExamFX Chapter 3: Types of Property Policies Questions With Complete Solutions
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Personal Lines - Includes Dwelling and Homeowners policies 
 
Commercial Lines - Business policies such as Businessowners, Commercial Property and Commercial Package policies 
 
Dwelling Property Policy - Insures properties solely used for residential purposes, can be used to insure the dwelling only, contents only, or both 
 
Basic, Broad and Special Form Coverage - The three separate coverage forms available under the dwelling program 
 
Endorsements - Exist to amend the coverage to tailor it ...
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TEST FOR LICENSE INSTRUCTOR & LICSENSE EXAMINER COURSE EXAM
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Primary Advisor to Battalion Commander (Mod 1) - CORRECT ANSWER-Master Driver 
License instructors are primarily responsible for conducting what phase of equipment 
training? (Mod 1) - CORRECT ANSWER-Phase II 
Is it possible for an NCO to be on appointment orders for License Instructor and License 
Examine? (Mod 1) - CORRECT ANSWER-Yes 
Driver/Operator Selection Process (Mod 2) - CORRECT ANSWER-AR 600-55 Chapter 
3 
Night Vision Goggles (Mod 2) - CORRECT ANSWER-AR 600-55 Chapter 8 
Regulation...
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property and casualty-dwelling with 100% correct answers
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property and casualty-dwellingDwelling property policy eligiabilities - correct answer up to 5 roomers, 4 residential units, mobile homes on basic form only, owner OR tenant occupied. 
 
Basic Dwelling form (DP1) - correct answer named peril, most limited coverage. Automatically included Fire, Lightning, Internal Explosion. But can add additional coverages. 
 
Dwelling Extended Coverage Peril - correct answer Windstorm 
Civil commotion 
Smoke 
Hail 
Aircraft 
Vehicle 
Volcano 
Explosion 
Riot 
 ...
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NY Independent General Adjuster Exam - Series 17-70 Questions and Answers Graded A+
- Exam (elaborations) • 21 pages • 2023
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NY Independent General Adjuster Exam - Series 17-70 Questions and Answers Graded A+. Dram Shop Liability refers to: Liquor Law Liability. 
The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the 
property from further loss. The additional loss that occurs as a result of his inactions may be 
denied because of what clause in the policy? Neglect. 
To be eligible for the New York assigned risk auto plan a person must: Hold a valid driver's 
license. 
Any insur...
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NY Independent General Adjuster Exam - Series 17-70 Questions with 100% Correct Answers
- Exam (elaborations) • 16 pages • 2024
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Dram Shop Liability refers to: Correct Answer Liquor Law Liability. 
 
The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? Correct Answer Neglect. 
 
To be eligible for the New York assigned risk auto plan a person must: Correct Answer Hold a valid driver's license. 
 
Any insurance adjuster whose license has been ...
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LI / LE Course Questions and Answers Already Passed
- Exam (elaborations) • 7 pages • 2024
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LI / LE Course Questions and Answers Already Passed Primary Advisor to Battalion Commander (Mod 1) Master Driver 
License instructors are primarily responsible for conducting what phase of equipment training? (Mod 1) Phase II 
Is it possible for an NCO to be on appointment orders for License Instructor and License Examine? (Mod 1) Yes 
Driver/Operator Selection Process (Mod 2) AR 600-55 Chapter 3 
Night Vision Goggles (Mod 2) AR 600-55 Chapter 8 
Regulation that covers Army Safety Program? (Mod ...
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Texas Property & Casualty Insurance Exam Already Solved (Graded A+)
- Exam (elaborations) • 29 pages • 2023
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Texas Property & Casualty Insurance Exam Already Solved (Graded A+) 
 
Which part of an insurance policy describes the responsibilities and obligations of both the insurance company and the insured under the policy? - Conditions 
 
The limits of liability are found in which of the following sections of a casualty policy? - Declarations 
 
The _____ page in an insurance contract contains information about the risk, the effective date of coverage, deductible, premium amounts, coinsurance percentag...
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