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To succeed in the Texas Property and Casualty Insurance Exam, you need to create a study plan that works for you. Utilize study materials such as textbooks, online resources, and flashcards to reinforce your understanding of the content.
Property and Casualty Insurance Guaranty Association. $25,000 Full amount $300,000 The Association’s maximum liability is as follows: $___ for the return of unearned premium ___ for workers’ compensation claims $___ per claimant for all other covered claims. TX P&C Law Supplement.indb 4 12/17/2015 7:57:32 AM.
a ____ is something that increases the risk. hazard. the principle of _____ governs property and casualty policies. It states that the purpose of the policy is to restore the insured financially to where they were prior to the loss. indemnity. _____ _____ must exist on a casualty policy at time of loss in order for the policy to provide coverage.
Study with Quizlet and memorize flashcards containing terms like Conditions that increase the chance of a loss are know as what?, How is the actual cash value of a property calculated?, What are the three types of hazards? and more.
Study with Quizlet and memorize flashcards containing terms like Property vs Casualty: What is considered property?, Property vs Casualty: What is considered casualty?, Risk and more.
This efficient, effective study tool is line-of-authority specific and portable for quick self-quiz anywhere. Test your knowledge on fundamental insurance terms and prepare for the exam with more than 100 review cards for each line of authority.
A liability loss occurs when a person is determined to have been responsible, or liable, for loss to another person or another person’s property and is required to make financial restitution. Property and Casualty Insurance LEM 1eRev.indb 94 5/9/2014 12:41:09 PM. Unit 6 Introduction to Liability Insurance.
