Property And Casualty Exam Answers
Search Results:
- Term Independent Agents Definition Agents that sell the insurance products of several companies and work for themselves or other agents. Term Indirect Losses Definition Losses resulting from a peril, but not directly caused by it. May include...
- Term Insurable Interest Definition Any interest an insured may have in property that is the subject of insurance, so that damage or destruction of that property would cause the insured financial loss. Term Insurance Definition The transfer of the...
Property And Casualty Insurance License Exam Cram: Insurance Company Organization And Regulation
A multitude of classes, flashcards, study guides and practice exams are available online and in book stores for purchase. After getting the proper securities license, insurance agents may also sell securities and other financial products. To get licensed to sell such products requires the passing of additional exams, the Series 6 or Series 7 licensing exam, both of which are administered by the National Association of Securities Dealers NASD.- The Series 6 exam deals with the sale of mutual funds and variable annuities. The Series 7 exam qualifies agents as general securities sales representatives. There are professional organizations in insurance sales that offer agent certification and designation in specialized areas of insurance and financial consulting. To become certified and obtain the designation, and to retain it, agents may be required to pass exams. The programs are voluntary and offer an agent a designation to assure clients and employers that an agent has a thorough understanding of the relevant specialty.
- Beyond insurance, in the field of financial planning, an agent may earn a certified financial planner designation to demonstrate competency as a financial planner. To get certified, a candidate must have relevant experience, complete education requirements, pass a comprehensive examination and adhere to a code of ethics. The CFP exam evaluates a candidate's knowledge of the financial planning process, insurance and risk management, employee benefits planning, taxes and retirement planning and investment and estate planning.
- If an insurance policy has annual aggregate limit this would be the predetermined: A. Dollar amount a policy will cover each year B. Number of claims a policy will cover each year C. Maximum dollar amount a policy owner will pay for premiums each year D. Dollar amount a policyowner can borrow against the policy in any given year A. Dollar amount a policy will cover each year The underwriter for a property and casualty insurance company: A.
- Decides the acceptability risk B. Negotiates loss payment D. Estimate loss reverses A. Decideds the acceptability risk The common carrier cargo liability form is to protect against damage to the cargo a trucker carries. The form would cover losses due to: A.
- I can unsubscribe at any time. This privacy notice provides an overview of our commitment to privacy and describes how we collect, protect, use and share personal information collected through this site. Please note that other Pearson websites and online products and services have their own separate privacy policies. Collection and Use of Information To conduct business and deliver products and services, Pearson collects and uses personal information in several ways in connection with this site, including: Questions and Inquiries For inquiries and questions, we collect the inquiry or question, together with name, contact details email address, phone number and mailing address and any other additional information voluntarily submitted to us through a Contact Us form or an email.
- We use this information to address the inquiry and respond to the question. We use this information to complete transactions, fulfill orders, communicate with individuals placing orders or visiting the online store, and for related purposes. Surveys Pearson may offer opportunities to provide feedback or participate in surveys, including surveys evaluating Pearson products, services or sites. Participation is voluntary. Pearson collects information requested in the survey questions and uses the information to evaluate, support, maintain and improve products, services or sites; develop new products and services; conduct educational research; and for other purposes specified in the survey. Contests and Drawings Occasionally, we may sponsor a contest or drawing. Participation is optional. Pearson collects name, contact information and other information specified on the entry form for the contest or drawing to conduct the contest or drawing.
- Pearson may collect additional personal information from the winners of a contest or drawing in order to award the prize and for tax reporting purposes, as required by law. Newsletters If you have elected to receive email newsletters or promotional mailings and special offers but want to unsubscribe, simply email information informit. Service Announcements On rare occasions it is necessary to send out a strictly service related announcement. For instance, if our service is temporarily suspended for maintenance we might send users an email. Generally, users may not opt-out of these communications, though they can deactivate their account information. However, these communications are not promotional in nature.
- Customer Service We communicate with users on a regular basis to provide requested services and in regard to issues relating to their account we reply via email or phone in accordance with the users' wishes when a user submits their information through our Contact Us form. Other Collection and Use of Information Application and System Logs Pearson automatically collects log data to help ensure the delivery, availability and security of this site. We use this information for support purposes and to monitor the health of the site, identify problems, improve service, detect unauthorized access and fraudulent activity, prevent and respond to security incidents and appropriately scale computing resources.
- Web Analytics Pearson may use third party web trend analytical services, including Google Analytics, to collect visitor information, such as IP addresses, browser types, referring pages, pages visited and time spent on a particular site. While these analytical services collect and report information on an anonymous basis, they may use cookies to gather web trend information. The information gathered may enable Pearson but not the third party web trend services to link information with application and system log data.
- Pearson uses this information for system administration and to identify problems, improve service, detect unauthorized access and fraudulent activity, prevent and respond to security incidents, appropriately scale computing resources and otherwise support and deliver this site and its services. Cookies and Related Technologies This site uses cookies and similar technologies to personalize content, measure traffic patterns, control security, track use and access of information on this site, and provide interest-based messages and advertising.
- Users can manage and block the use of cookies through their browser. Disabling or blocking certain cookies may limit the functionality of this site. Security Pearson uses appropriate physical, administrative and technical security measures to protect personal information from unauthorized access, use and disclosure. Children This site is not directed to children under the age of Marketing Pearson may send or direct marketing communications to users, provided that Pearson will not use personal information collected or processed as a K school service provider for the purpose of directed or targeted advertising. Such marketing is consistent with applicable law and Pearson's legal obligations.
- Pearson will not knowingly direct or send marketing communications to an individual who has expressed a preference not to receive marketing. Where required by applicable law, express or implied consent to marketing exists and has not been withdrawn. Pearson may provide personal information to a third party service provider on a restricted basis to provide marketing solely on behalf of Pearson or an affiliate or customer for whom Pearson is a service provider. Marketing preferences may be changed at any time. This can be done on the Account page. If a user no longer desires our service and desires to delete his or her account, please contact us at customer-service informit. If you choose to remove yourself from our mailing list s simply visit the following page and uncheck any communication you no longer want to receive: www.
- We encourage our users to be aware when they leave our site and to read the privacy statements of each and every web site that collects Personal Information. This privacy statement applies solely to information collected by this web site. Requests and Contact Please contact us about this Privacy Notice or if you have any requests or questions relating to the privacy of your personal information. We will identify the effective date of the revision in the posting. Often, updates are made to provide greater clarity or to comply with changes in regulatory requirements. If the updates involve material changes to the collection, protection, use or disclosure of Personal Information, Pearson will provide notice of the change through a conspicuous notice on this site or other appropriate way. Continued use of the site after the effective date of a posted revision evidences acceptance. Please contact us if you have questions or concerns about the Privacy Notice or any objection to any revisions.
- What is an agreement between the insured and the insurer that certain conditions will be met called? The correct answer to this question is B. A warranty is a written guarantee between the insurance agency and the person who is insured that promises to repair or replaced the insured item s if conditions occur within a specified period of time. Federal government B is correct. The federal government created the NFIP to make Flood insurance available to eligible communities through federal subsidization. It is managed by the Federal Insurance Administration. What is the act considered when an uninterrupted chain of events resulting from a negligent act causes a loss?
- The proximate cause of lossAnswer C is correct. To establish that one persons actions toward another were negligent and caused injury or damage, the negligent act and the damage must be tied together. If there was no intervening cause and the neglige.
- CUSTODIAN In crime insurance, this is the insured, or any of his partners or employees, while having care and custody of property inside the premises, except for a person while acting as a watchperson or guard. Can be purchased as a separate policy, as an endorsement to a homeowners or dwelling policy, or as a covered cause of loss to most types of commercial policies. It can cover buildings and personal property. Coverage applies to damages resulting from bodily injury or property damage caused by a covered accident and resulting from garage operations. He is in effect the insured. Also called the principal. Also called an obligor. A three-party contract, as it involves a principal obligor , an obligee the insured and the surety the insurance company.
🥇 Ranking ’s Best Property & Casualty Insurance Study Guides
It guarantees that the work will be done or the obligee will be indemnified for his loss. Written on both commercial and personal policies.How To Pass The Arizona Insurance Licensing Exam | America’s Professor
Candidates may register for the Property Casualty Test before completing their education hours; however, they cannot actually sit for the exam until these hours are completed. Here are some basic steps to getting your Property and Casualty Insurance License: Get your Property Casualty Test application online and pay the necessary fees. Have your application notarized. Obtain your examination permit, which is valid for 90 days. Schedule a test time. You must have your permit in hand to schedule a test date. Obtain proof of your educational prerequisite 36 hours of approved education. Bring proof of prerequisite, a photo ID, and exam registration confirmation number to the test site. After you have passed the test, complete your license application. Provide the necessary materials for a criminal background check. It is highly recommended that Property Casualty Test candidates take plenty of time to study before the exam. Many tools, books, and online resources are available to help candidates study for the Property and Casualty Insurance Exam.- If you fail the Property Casualty Test, you can retake it. However, some states may require you to wait 60 days before retesting if you have already failed the exam twice. Laws governing insurance licensure vary from state to state, so individuals looking to receive their property and casualty insurance license should research the rules that apply to them. Check out our premium Property and Casualty Insurance study guide to take your studying to the next level. If you benefit from these materials, just click the link below! To compliment our Property and Casualty Insurance book, we also offer extensive Property and Casualty Insurance flashcards for even more Property and Casualty Insurance test prep help. We hope you enjoy our products! Your purchase helps us make more great, free Property and Casualty Insurance certification content for test-takers just like yourself.
- Scenario Type Questions: In a scenario type of question, you are provided with a lot of information before the question is asked. With these types of questions, find the question being asked What is the number of breakdowns that occurred based on the Equipment Breakdown Protection coverage form? The false statement will be the answer to the question. Roman Numbers Questions: A question that uses Roman numerals creates a multi-level selection approach to deriving the correct response.
- Elimination Questions: An elimination question is a type where the answer is easy to detect as a part of a process of elimination. After reading the question, the choice is made by eliminating the correct answers or, conversely, eliminate the incorrect response. It is important to approach your review and preparation with a plan. Spending one to two hours a day over the course of up to two weeks should be sufficient time to review the material as well as master the content, as well as gain the confidence necessary to pass the exam on the first attempt.
- Take the practice exams and measure your results against the correct answers and rationales provided for the questions. If you encounter a question that is in an area of the exam you are not familiar with, spend some more time in that section of your review. The information presented in this review manual is designed to reinforce and supplement the knowledge you obtained from your state approved pre-licensing course. Use this information to confirm knowledge and the practice questions to further validate your comprehension and give you the confidence you need to successfully complete your exam. Now you might find yourself wondering, what are my next steps? Trivium Test Prep is an independent test prep study guide company that produces and prints all of our books right here in the USA. Our dedicated professionals know how people think and learn, and have created our test prep products based on what research has shown to be the fastest, easiest, and most effective way to prepare for the exam.
- Unlike other study guides that are stamped out in a generic fashion, our study materials are specifically tailored for your exact needs. Just click the link next to our book, the image of our book itself, or the links we provided in the sentence above! To help you prepare for your Property and Casualty Insurance License test, we have developed a list of 35 test taking tips that have been shown to be very helpful for students of all ages and backgrounds when taking standardized tests. They cover everything. Our first set of tips focus on what you can do the night before to help you prepare for the day of your Property and Casualty Insurance License exam.
- Study hard for the Property and Casualty Insurance License with our Property and Casualty Insurance License practice test in the days before the exam but take it easy the night before and do something relaxing rather than studying and cramming. Watch a light-hearted movie, read a favorite book, or take a walk, for example. Pack your bag or lay out your essentials the night before. Make sure to include at least two forms of ID, your admission ticket or confirmation, pencils, a high protein, easy to eat snack, bottled water, and any necessary medications. You will be less stressed the morning of, and less likely to forget anything important.
- Map out your route to the test center the night before. If you are driving, take traffic into account, especially if you are driving during rush hour. If you really want to be thorough you can visit where the exam is going to be beforehand, so you know exactly where you are going the day of the test. Use your phone or the internet to check for traffic updates before leaving, in case you need to take an alternate route. Spend the hour before bed avoiding television, your computer, cell phone, or social media. The bright screens and overload of data can keep your brain buzzing come bedtime. Make sure you give yourself your usual amount of sleep, preferably at least hours. You may find you need even more sleep. Pay attention to how much you sleep in the days before the exam, and how many hours it takes for you to feel refreshed. This will allow you to be as sharp as possible during the Property and Casualty Insurance License test and make fewer simple mistakes.
Property And Casualty Insurance Exam | How To Pass - Medicoguia.com
Set your alarm early enough that you have plenty of time to have a well-balanced breakfast and avoid rushing in the morning to get ready. Rushing tends to get your sympathetic nervous system going and you risk being mentally fatigued by the time you start taking your Property and Casualty Insurance License. These medications often remain in your body long after you have taken them, meaning you will still be drowsy during the exam and potentially up to 24 hours after taking them. With all the extra adrenaline flowing through your bloodstream the night before a big test, it is not uncommon to feel more anxiety than usual.- Focus on thinking positive thoughts, which will decrease this anxiety, help you relax and fall asleep. One way to stay positive is to imagine a happy or fun story or scene. Don't forget to take any vitamins or medications you would usually take in the mornings before you leave for the test center. It is important that you keep your body — and schedule — as normal as possible to ensure you are calm and collected come test-taking time. Dress in loose, comfortable clothes and wear layers. Also, wear comfortable and breathable shoes. Although you will be seated, you don't want tight, restrictive clothing to serve as a distraction.
- Many testing locations keep their air conditioner on high. You want to remember to bring a sweater or jacket in case the test center is too cold, as you never know how hot or cold the testing location could be. Eat a breakfast with protein, fiber and good fats, such as eggs, avocado, oatmeal, whole-grain toast, berries, or nuts - all of which keep you full longer and your brain healthy. A breakfast burrito with a whole grain-tortilla, eggs, beans, spinach and salsa would be an ideal and delicious example. While whole grains can be a great part of a balanced meal, make sure to avoid a breakfast high in simple carbs such as yogurt Greek yogurt is an exception, because of its high protein content , cereal, or high sugar fruits such as bananas, which can cause your blood sugar to rise and then crash during the exam. This crash can lead to mistakes towards the end of the exam, and once you crash, you might tend to really want the exam to be over, meaning you will be less thorough than you normally would be in your best state of mind.
- Use caffeine as you normally would, and as sparingly as possible. Coffee, energy drinks, tea, chocolate and many soft drinks all contain caffeine. Therefore, be smart about what you put into your body. Just as with high carb or high sugar drinks and foods, many people tend to crash 3 to 4 hours after ingesting caffeinated products. Carefully consider how caffeinated products affect you, and how long your test is before you decide to consume caffeinated products. However, if you are a habitual coffee drinker, for example, you want to consider the cons of avoiding caffeine. Some good examples include protein bars or almonds. Although stress from the test may tempt you, don't rely on sweets with fast carbohydrates from a vending machine at the test center.
Free Property & Casualty Insurance Practice Exam Prep Questions Online
Remember, foods like these will cause you to crash and lose focus during your exam. Bring water, not sugary soda or sports drinks. The only time you should consider using fast carbs is when you know you only have minutes left and you need a quick boost of energy to power through it. Keep in mind, however, that many exams do not permit eating during testing, so keep into consideration when your break times are, how long they are, and at what point during the test they occur.- Reviewing these subjects will help store them in your short-term memory and you will be more likely to retrieve them during the test. Once you feel as if you know an answer, remove that card from the deck or cross off that section so you can concentrate on the remaining difficult subjects. If a friend or family member is around, consider asking them to help you by acting as the quizzer. Consider asking a friend or family member to take you to the testing location so you can continue to review your materials, not stress about transportation, and receive the extra moral support they can provide. Aim to get to the test center at least minutes early.
Comments
Post a Comment