Study guides, Class notes & Summaries

Under the BOP, how much would be paid for any one tree, shrub, or plant in case of a covered cause of loss? - correct answer The policy provides a limit of no more than $1,000 on any one tree, shrub, or plant with a total limit of $2,500. The older forms provided $500. Name the coverage that applies to the extra cost the insured incurs to make temporary repairs and speed up the permanent repairs or replacement of damaged covered equipment under an Equipment Breakdown policy. - correct answe...

Insurance - correct answer a contract that idemnifies another against loss, damage or liability from an unknown event. Indemnify - correct answer To make a person whole by restoring that person to the same financial position that existed before the loss. Policyowner - correct answer The insured Premium - correct answer A set amount of money for the insurance Insurer - correct answer The insurance company Insured - correct answer Person covered by insurance Policy - correct answ...

Beneficiary - correct answer A person who receives the benefits of an insurance policy Death Benefit - correct answer The amount paid upon the death of the insured in a life insurance policy Cash Value - correct answer Equity amount accumulated in permanent life insurance Estate - correct answer A person's net worth Illustrations - correct answer Presentation or depiction of nonguaranteed elements of a life insurance policy Life Insurance - correct answer Coverage on human lives ...

Agent/Producer - correct answer Legal representative of an insurance company (classification of producer usually includes agents and brokers, agents are the agents of the insurer) Applicant (proposed insured) - correct answer Person applying for insurance Broker - correct answer Insurance producer not appointed by an insurer and is deemed to represent the client Insurance Policy - correct answer Contract between a policyowner (and/or insured) and an insurance company which agrees to pay...

ARIZONA LIFE AND HEALTH INSURANCE State Exam Simulator With Correct Questions And Answers

ARIZONA LIFE AND HEALTH Final Exam With Correct Questions And Answers 2024

ARIZONA HEALTH/Life Insurance Exam With Correct Questions And Answers | Verified Solutions 2024

ARIZONA LIFE AND HEALTH INSURANCE Exam With Correct Questions And Answers | Verified Solutions 2024

Appraisal - correct answer What provision of a Property Policy applies when an insured and the insurer cannot agree on the amount of the loss? Exclusions - correct answer Which part of a Property policy specifies the causes of loss (perils) that are not covered? Insurer's - correct answer When an insured suffers a loss, they are required to prepare an inventory of the damaged property at the ___ request. True - correct answer T/F: Open peril policies include losses by theft. Endorse...

ARIZONA PROMETRIC LICENSE Exam – Terms With Correct Questions And Answers 2024