What is peril Study guides, Class notes & Summaries
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PA Motor Vehicle Physical Damage Appraiser - Practice Exam 100+ questions correctly answered & verified
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PA Motor Vehicle Physical 
Damage Appraiser - Practice 
Exam 100+ questions correctly 
answered & verified 
True or False: Each appraiser, while engaged in appraisal duties, must carry his/her 
appraiser's license & display it to an owner of the vehicle or shop upon request: - 
ANSWER true 
What are the number of business days you have per Act 361 to inspect vehicle? - 
ANSWER 6 
How many days after an inspection should a total loss be offered to the owner? - 
ANSWER 5 
Aftermarket parts ...
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PA Appraiser Licensing Exam (2023-2024 Update)- Questions & Answers (Graded A+)
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PA Appraiser Licensing Exam (2023-2024 Update)- Questions & Answers (Graded A+) 
PA Appraiser Licensing Exam (2023-2024 Update)- Questions & Answers (Graded A+) 
 
What are the number of business days you have per Act 361 to inspect a vehicle? - ANSWER - 6 
 
How many days after an inspection should a total loss be offered to the owner? - ANSWER - 5 
 
Aftermarket parts can only be used when? - ANSWER - The parts are listed and coded in the estimate 
 
Aftermarket - ANSWER - Nonoriginal equipmen...
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MI Life Insurance Exam FX snapshot Q & A With Complete Solutions
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What is insurance? correct answer: Insurance transfers the risk of loss from an individual or business entity to an insurance company, which in turn spreads the costs of unexpected losses to many individuals. 
 
What is risk? correct answer: Risk is the uncertainty or chance of a loss occurring. 
 
What is peril? correct answer: Perils are the causes of loss insured against in an insurance policy. 
 
What are the elements of insurable risk? correct answer: Loss must be 
1. due to chance 
2....
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RSK2601 MCQ EXAM PACK 2024
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TEST BANK 
Enterprise Risk Management 
S - The Marketplace to Buy and Sell your Study Material 
1 
RSK2601 TEST BANK 
Question 1 
Which one of the following is a benefit of effective risk and opportunity management? 
1) Improved profit certainty 
2) Increased shareholder value 
3) Increased stakeholder confidence Correct option 3 
4) Lower economic returns 
Explanation 
Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and 
higher economic returns...
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Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 ACTUAL EXAM 500 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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Xcel Testing Solutions- Life and Health 
Insurance- Weighted Exam- 150 ACTUAL 
EXAM 500 QUESTIONS AND CORRECT 
ANSWERS (VERIFIED ANSWERS) |ALREADY 
GRADED A+ 
The Do Not Call Registry offers exemptions for calls placed from all of the 
following EXCEPT - CORRECT ANSWER insurance sales calls 
Charities, political organizations, and surveys are all offered exemptions from The 
Do Not Call Registry 
The type of policy where the insurer can send a notice to the insured that the 
policy has be...
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New York State Auto Damage and Theft quiz 17-71 exam 2024 with 100% correct answers
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Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: 
 
Direct loss 
Indirect loss 
Loss evaluation 
Consequential loss correct answersConsequential loss 
 
When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? 
 
The center pillar 
The trunk floor 
The quarter panels 
The frame rails correct answersTh...
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Property and Casualty License in Arkansas fully solved graded A+ 2024
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Property and Casualty License in ArkansasWhat is Insurance? - correct answer Transfers the risk of loss from individual to insurance co. 
 
What is Risk? - correct answer Chance of loss occurring 
 
What are 3 types of Hazards? - correct answer Physical, Moral, Morale 
 
What is a Peril? - correct answer Causes of loss insured against 
 
What does Indemnify mean? - correct answer Right for Reimbursement but only to the extent of the loss. Cannot gain from loss. 
 
Define Subrogation - correct an...
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California property and casualty exam, Pool Questions & Answers. Verified. Rated A
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California property and casualty exam, Pool Questions & Answers. Verified. Rated 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 - Declara...
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KY Property & Casualty Insurance Exam 2024 with 100% correct answers
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Faulty wiring in a home is an example of a: 
a) loss 
b) peril 
c) risk 
d) hazard - correct answer Hazard 
 
When a person buys insurance what method of handling risk has been undertaken? 
a) transfer 
b) reduction 
c) avoidance 
d) retention - correct answer Transfer 
 
In property and casualty insurance, insurable interest must exist: 
a) at the time a change is made to a policy 
b) at the time of policy application 
c) at the time of loss 
d) at the time of policy solicitation - correct...
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ADJUSTER PRO EXAM WITH REVISED ANSWERS (2023)
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ADJUSTER PRO EXAM WITH REVISED 
ANSWERS (2023) 
Stu has a collection of rare comic books. He wants to purchase theft insurance for his 
collection, separate from his home and other property. What term most accurately 
describes the type of policy Stu would purchase? - CORRECT ANSWER-Monoline 
Policy 
Which of the following statements does NOT apply to the Standard Fire Policy? - 
CORRECT ANSWER-It automatically covers wind and vandalism. 
Which of the following refers to being restored to the ...