CISR- TESTS COMPILATION BUNDLE

While reviewing several proposals for a quote for a life insurance policy for one of you clients, you also review the temporary insuring agreements. You notice that there are variations in the temporary insuring agreements between companies. Which of the following is NOT included in any of these ...

What is a trade? - Answer-Skilled manual or mechanical work. Examples: Painter, Carpenter, Electrician, etc. What is a profession? - Answer-A vocation requiring advanced education and training. Examples: Physician, Dentist, Attorney, Veterinarian, etc. What is an occupation? - Answer-An activity...

eal property is - Answer-comprised of buildings, structures and fixtures that are tangible. Real property can be seen. Give examples of Real Property - Answer-Land is real property, but it is generally not the subject of insurance. Buildings are real property. They have walls and a roof. You can...

Which one of the following best describes actual authority? - Answer-When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - Answer-Loyalty, good faith, reasonabl...

Legal Liability - Answer-A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - Answer-Tort Liability, Statutory Liability, Contractual Liability 4 Types o...

A ____ is a cause of loss - Answer-peril A situation, behavior, or condition that may lead to adverse financial consequences - Answer-exposure A cyberattack is an example of a ____ - Answer-peril An Insured who shows no regard for his insured property demonstrates a - Answer-morale hazard A spil...