Question

In: Accounting

he portion of a property and liability insurance contract that contains information about the property or...

he portion of a property and liability insurance contract that contains information about the property or activity to be insured is called the: (a) Declarations (b) Insuring agreement (c) Exclusions (d) Conditions

Solutions

Expert Solution

option a ) Declarations is the answer

the portion of a property and liability insurance contract that contains information about the property or activity to be insured is called the​ Declarations


Related Solutions

which of the following is a modification to a standard property or liability insurance contract? a....
which of the following is a modification to a standard property or liability insurance contract? a. a policy rider b. policy declarations c. policy endorsement d. policy conditions
Which of the following is not an example of property and liability insurance? a. Liability to...
Which of the following is not an example of property and liability insurance? a. Liability to others b. Umbrella insurance c. Homeowner’s insurance d. All of the above are examples of property and liability insurance e. None of the above is an example of property and liability insurance
Property and liability insurance is a form of risk management that insures _______ Multiple Choice A....
Property and liability insurance is a form of risk management that insures _______ Multiple Choice A. you and your property. B. you, your property, and other people. C. your property and other people. D. you for all losses and damages of property belonging to you or others. E. property and libel if you get sued.
The portion of a property insurance policy that summarizes the types and locations of covered property, policy limits, and premiums rates is called the
The portion of a property insurance policy that summarizes the types and locations of covered property, policy limits, and premiums rates is called the A. coverage form. C. policy conditions. D. policy declarations.
A large insurance company maintains a central computing system that contains a variety of information about...
A large insurance company maintains a central computing system that contains a variety of information about customer accounts. Insurance agents in a six-state area use telephone lines to access the customer information database. Currently, the company's central computer system allows three users to access the central computer simultaneously. Agents who attempt to use the system when it is full are denied access; no waiting is allowed. Management realizes that with its expanding business, more requests will be made to the...
A large insurance company maintains a central computing system that contains a variety of information about...
A large insurance company maintains a central computing system that contains a variety of information about customer accounts. Insurance agents in a six-state area use telephone lines to access the customer information database. Currently, the company's central computer system allows three users to access the central computer simultaneously. Agents who attempt to use the system when it is full are denied access; no waiting is allowed. Management realizes that with its expanding business, more requests will be made to the...
A large insurance company maintains a central computing system that contains a variety of information about...
A large insurance company maintains a central computing system that contains a variety of information about customer accounts. Insurance agents in a six-state area use telephone lines to access the customer information database. Currently, the company's central computer system allows three users to access the central computer simultaneously. Agents who attempt to use the system when it is full are denied access; no waiting is allowed. Management realizes that with its expanding business, more requests will be made to the...
Best Insurance Company provides Eve Erickson with property insurance that contains an 80% coinsurance clause.
Best Insurance Company provides Eve Erickson with property insurance that contains an 80% coinsurance clause. The coinsurance clause states that if Eve insures the property up to 80% of its value, she will recover any loss up to the face amount of the policy. Eve purchases an $80,000 property insurance policy for property valued at $200,000. Due to a fire, Eve suffers a loss of $10,000.In Fact Pattern #2, what dollar amount will Eve recover from the insurance company? Explain...
What are the two major sources of revenue for a Property & Liability insurance company? (explain in details)
What are the two major sources of revenue for a Property & Liability insurance company? (explain in details)
What are some key considerations for the federal income tax treatment of property and liability insurance?
What are some key considerations for the federal income tax treatment of property and liability insurance?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT