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Agree Value Stated Value means the insured states the value of the property at the time of the loss but the insurance company can demand _____ of the figure given. PC Licence Exam - 31 cards. Underwriting expenses One of the components used to calculate the expense ration.

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Transfers risk from the insured to a third party the insurance company. Create your own flash cards. Additional Insurance Flashcards.

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A contract that indemnifies agaisnt loss damage or liability from an unknown event. Quickly memorize the terms phrases and much more. PC Insurance Class Notes - 8 cards.

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P and C insurance exam. 912006 The following supplementary payments are available under Coverage A and Coverage B of the CGL. Agree Value means teh property value is established prior to a loss occuring and that when a loss does occur the Insurance Comapany pays the _____ _____ amount.

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Description Date Stars. C Insurance Exam - Homeowners Policies 57 cards 2018-07-13 1. Insurance company function that involves researching and evaluating insurance applicants to decide which ones are acceptable to the company as insureds.

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Cost of bonds to release attachments. An insurer that is formed as a subsidiary of its parent company organization or group for the purpose of writing all or part of the insurance on the parent company or companies. 4102017 PC Insurance Class Notes.

Reasonable expenses incurred by insured to assist in investigation and defense of a claim including up to 250 per day for loss of earnings. PC Vocabulary - 8 cards. Casualty Insurance License Exam.

Up to 250 for the cost of bail bonds. Click here to studyprint these flashcards. Expenses incurred by the insurance company.

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