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Exam Fx-Property and Casualty Exam Questions & 100% Correct Answers | Latest Update | Graded A+
- Tentamen (uitwerkingen) • 15 pagina's • 2024
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To be considered an insurable risk, a loss may NOT be 
: catastrophic 
Which of the following persons would be required to hold a producer license? 
: a nonresident agent who negotiates insurance contracts 
Which of the following is the oldest known type of insurance? 
: ocean marine 
The contents coverage on a homeowners policy would pay how much after the loss of 
one of a pair of golden candlesticks? 
: the difference in the actual cash value as a pair and as a single 
Which of the following...
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Exam FX Insurance Practice Exam Questions & 100% Correct Answers | Latest Update | Graded A+
- Tentamen (uitwerkingen) • 22 pagina's • 2024
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The causes of loss insured against in an insurance policy are known as 
: Perils 
Before an insurer will pay any loss under a policy, what is usually required from the 
insured? 
: Proof of loss 
An insured works outside the home. The insured's sister lives with him and cares for his 
four children. When the insured's home is severely damaged by fire, the family moves 
into an apartment while repairs are being made. The largest apartment available in the 
area has two bedrooms, so the insu...
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exam fx study guide Questions & 100% Correct Answers | Latest Update | Graded A+
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What phase begins after a new policy is delivered? 
: Free look period 
In insurance policies, the insured is not legally bound to any particular action in the 
insurance contract, but the insurer is legally obligated to pay losses covered by the 
policy. What contract element does this describe? 
: Unilateral 
What is the term used for an applicant's written request to an insurer for the company to 
issue a contract, based on the information provided? 
: application 
Whose responsibility is...
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Exam FX Insurance Practice Exam Questions & 100% Correct Answers | Latest Update | Graded A+
- Tentamen (uitwerkingen) • 12 pagina's • 2024
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- $12.49
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The causes of loss insured against in an insurance policy are known as 
: Perils 
Before an insurer will pay any loss under a policy, what is usually required from the 
insured? 
: Proof of loss 
An insured works outside the home. The insured's sister lives with him and cares for his 
four children. When the insured's home is severely damaged by fire, the family moves 
into an apartment while repairs are being made. The largest apartment available in the 
area has two bedrooms, so the insu...
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FX bundled exams with complete solution
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FX bundled exams with complete solution
Terwijl je dit leest heeft een medestudent weer €4,35 verdiend
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ExamFX life Simulated Exam
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A business owner was trying to obtain a bank loan to fund the purchase of a new business facility, but the bank required proof of additional assets to secure the loan. The business owner then decided to use her $250,000 life insurance policy to secure the loan. Which provision makes this possible? - ans-Collateral Assignment 
 
Which of the following would be considered a nonmedical insurance application? - ans-An application on which the medical information is completed by the applicant and...
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exam fx study guide 2024 with complete solution
- Tentamen (uitwerkingen) • 12 pagina's • 2024
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What phase begins after a new policy is delivered? - ans-Free look period 
 
In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this describe? - ans-Unilateral 
 
What is the term used for an applicant's written request to an insurer for the company to issue a contract, based on the information provided? - ans-application 
 
Whose...
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Health Insurance (Exam FX WITH COMPLETE SOLUTION)
- Tentamen (uitwerkingen) • 15 pagina's • 2024
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Agent/Producer - ans-A legal representative of an insurance company 
 
Broker - ans-An insurance producer not appointed by an insurer and whom represents the client 
 
Insured - ans-A person covered by an insurance policy 
 
Insurance policy - ans-A legal contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured/beneficiary for losses caused by specific events 
 
Principal - ans-Insurer, company who issues insurance policies 
 
Policyowner...
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FX Insurance;property and casualty Practice Exam Questions and Answers
- Tentamen (uitwerkingen) • 14 pagina's • 2024
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The causes of loss insured against in an insurance policy are known as - ans-Perils 
 
Before an insurer will pay any loss under a policy, what is usually required from the insured? - ans-Proof of loss 
 
An insured works outside the home. The insured's sister lives with him and cares for his four children. When the insured's home is severely damaged by fire, the family moves into an apartment while repairs are being made. The largest apartment available in the area has two bedrooms, so ...
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FX Exam study guide with complete solution
- Tentamen (uitwerkingen) • 12 pagina's • 2024
- Ook in voordeelbundel
-
- $10.99
- + meer info
What phase begins after a new policy is delivered? - ans-Free look period 
 
In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this describe? - ans-Unilateral 
 
What is the term used for an applicant's written request to an insurer for the company to issue a contract, based on the information provided? - ans-application 
 
Whose...
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