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PROPERTY AND CASUALTY INSURANCE EXAM WITH QUESTIONS AND CORRECT ANSWERS [ACTUAL EXAM 100%]GRADED A+
![PROPERTY AND CASUALTY INSURANCE EXAM WITH QUESTIONS AND CORRECT ANSWERS [ACTUAL EXAM 100%]GRADED A+](index/show_doc_avatar/166044.png "PROPERTY AND CASUALTY INSURANCE EXAM WITH QUESTIONS AND CORRECT ANSWERS [ACTUAL EXAM 100%]GRADED A+")
PROPERTY AND CASUALTY INSURANCE
EXAM WITH QUESTIONS AND CORRECT
ANSWERS [ACTUAL EXAM 100%]GRADED
A+
BPP building coverage - CORRECT ANSWER-insures the building at the
described location, outdoor, fixtures, furnitures, items used to service
the property, permanently installed machinery and equipment, and
additions under construction, including the materials, supplies, and
equipment.
HO limits of property at other residences - CORRECT ANSWER-the
larger of $1000 or 10% Coverage C. Limit does not apply if property is
moved because the residence premise is being repaired or rebuilt.
When property is moved to newly acquired residence, the limit shown
on declaration will apply on a proportional basis to each residence
Dwellings under construction - CORRECT ANSWER-The limit of liability
for a dwelling under construction is provisional, and is based on the
completed value of the structure. At the time of loss, the applicable
limit is a percentage of the provisional limit, based on the proportion
of actual cash value of the property at the time of loss. Premium is
based on an average amount of insurance during construction.
Automatic Increase in Insurance Endorsement - CORRECT ANSWER-is
used to provide at the annual renewal date of the policy, an automatic
increase in the Coverage A and B limits of insurance to help offset
inflation
Other insurance - CORRECT ANSWER-A provision in an insurance
policy that defines how the policy will respond if there is another valid
insurance policy written on the same risk.
Stock Companies - CORRECT ANSWER-Owned by the stockholders
who provide th
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Specifications
- School: Chamberlain
- Course: Nursing
Document
- Section: Examinations
- Updated on: 04-11-2024
- Made on: 03-11-2024
- Type: .pdf
- Pages: 92
- Language: English
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Subjects of Nursing - Chamberlain
More Nursing ›nursing care of children ati comprehensive ati comprehensive exit ati comprehensive predictor ati fundamentals proctored ati pharmacology ati pn comprehensive predictor bio250l community health comprehensive predictor ecba emt health care healthcare hesi hesi health assessment hesi mental health hesi rn exit hesi rn exit exam ihuman case study maternal newborn med surg mental health nursing pharmacology
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