California property and casualty exam questions and answers graded A

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California property and casualty exam questions and answers graded A The process where by a mutul insurer becomes a stock company is called ✔✔Demutalization The process whereby a stock company ... a mutal insurer is called ✔✔Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is ✔✔Valuation clause The part of the policy that states the amout of coverage the insured property policy period is ✔✔Declaration Part of the policy that establishes limits upon the insurer and the insured with the insuance policy ✔✔Conditions Which are the characterics of negligence ✔✔Duty,breach,proximate cause, damages Which of the following is not a federal program ✔✔Worker' compensation Absolute risk(liability) is imposed ✔✔When there is negligence whether proven or not X is in an accident with Y. X suffers $5000 of damage but it is determined that X is 60% responsible for the accident. How much would X receive under CONTRIBUTORY negligence rules? ✔✔$0 what is the main purpose of tort law ✔✔to determine financial responsibillty for damage what of the following is not considered an intentional tort? ✔✔Auto accident Which of the following statements is true regarding compensatory damages? ✔✔There is usually no direct correlation between the amount of general and special damages awarded to the victim The insurer decides not to renewan insured's personal auto policy. How much notice must the insurer provide to the insured ✔✔30 days an insured's loss reserve for a claim isan estimate of the amount insurer will pay for present and future loss, which of the following is an example of loss prevention ✔✔a homeowner decides not to install a pool in the backyard which of the following describes the act of making a false entry in any book statement of report of any insurer with the intent to d [Show More]

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