
Insurance-Property Basics
Flashcard
•
Other
•
Vocational training
•
Practice Problem
•
Hard
trish kamer
FREE Resource
Student preview

57 questions
Show all answers
1.
FLASHCARD QUESTION
Front
INSURABLE INTEREST
Back
person would suffer a financial loss due to a covered peril
2.
FLASHCARD QUESTION
Front
LOSS RATIO
Back
measures success of insurance company. How much paid in claims vs premiums earned (expenses/overhead not considered)
3.
FLASHCARD QUESTION
Front
PROPERTY INSURANCE
Back
(first party coverage)-only pay for damage to policy holder's property
Second party-insurance company
4.
FLASHCARD QUESTION
Front
LIABILITY INSURANCE
Back
(casualty/3rd party insurance)-pays for bodily injury or property damage to OTHERS that the policy holder is legally liable for or responsible for the injury/damage
5.
FLASHCARD QUESTION
Front
NAMED INSURED
Back
person, business, entity (LLC, Corp) named on declarations of policy
6.
FLASHCARD QUESTION
Front
FIRST-NAME INSURED
Back
listed first on dec page when more than one named insured-higher level of duty (request changes, pay premiums, receive funds)-typically comercial
7.
FLASHCARD QUESTION
Front
ADDITIONAL INSURED
Back
typically auto lease-an insured leases auto-manufacturer owns vehicle, but lease lets insured use-auto manufacturer listed as additional insured
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
59 questions
Reading 1 Test 1 Cam 17
Flashcard
•
Professional Development
40 questions
Cultural Traditions and Celebrations Vocabulary
Flashcard
•
University
44 questions
negocios hijos de su puta madre
Flashcard
•
12th Grade
44 questions
Leap 2 Chapter 8 Vocabulary
Flashcard
•
12th Grade
50 questions
Ethics Miterms
Flashcard
•
University
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade