Express actual authority Study guides, Class notes & Summaries

Property and Casualty Insurance Exam – Georgia Questions and Answers 100% Pass BPP building coverage insures the building at the described location, outdoor, fixtures, furnitures, items used to service the property, permanently installed machinery and equipment, and additions under construction, including the materials, supplies, and equipment. HO limits of property at other residences the larger of $1000 or 10% Coverage C. Limit does not apply if property is moved because the residence premi...

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 ...

Con Exam Questions and Answers All Correct Express Actual Authority: - Answer-Authority explicitly given to the agent through the principal's written or oral instructions Implied Actual Authority: - Answer-authority to do what is usual, customary and necessary to accomplish the action. No express agreement Apparent Authority: - Answer-someone reasonably believes an individual has the authority to act on the behalf of the government Delegation of authority: - Answer-he FAR and states ...

Adjuster Pro - Florida Certified Adjuster Glossary Exam Prep 2023. Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - ANSWER One of the characteristics of an insurance contrac...

Sole Proprietorship - correct answer a business owned by one person. The business is a separate entity for accounting purposes. However, a proprietorship is not a separate legal entity from its owner. Partnership - correct answer a business owned by two or more people, called partners, who are jointly liable for tax and other obligations. Like a proprietorship, no special legal requirements must be met in starting a partnership. The only requirement is an agreement bet...

Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...

TEST BANK For Clayton’s Basic Pharmacology for Nurses 19th Edition Michelle Willihnganz ||All Chapters (1 - 48)||Newest Version 2024 A+ Test Bank For Clayton’s Basic Pharmacology for Nurses 19th Edition By Michelle J. Willihnganz, Samuel L. Gurevitz, Bruce Clayton Complete MULTIPLE CHOICE 1. Which name identifies a drug listed by the US Food and Drug Administration (FDA)? a. Brand b. Nonproprietary c. Official d. Trademark ANS: C The official name is the name under which a drug i...

bioethics correct answer: The study of ethics related to issues that arise in health care. ethics correct answer: sustained and intentional reflection on morality and the moral life with analysis, discontent, reasoning, and arguments moral rules or principles of behavior that should guide members of a profession or organization and make them deal honestly and fairly with each other and with their custom utilitarianism correct answer: 1 fundamental moral good-to maximize outcomes of ...

Express Actual Authority: Authority explicitly given to the agent through the principal's written or oral instructions Implied Actual Authority: authority to do what is usual, customary and necessary to accomplish the action. No express agreement Apparent Authority: someone reasonably believes an individual has the authority to act on the behalf of the government Delegation of authority: he FAR and states that each authority is delegable unless specifically stated otherwise (FAR 1.108(...

WARRANT BOARD PREP |COMPLETE EXAM QUESTIONS AND A+ GRADED ANSWERS What kinds of things could cause you to lose your warrant ? Upon retirement, reassignment, termination or unsatisfactory performance. Must be submitted in writing. FAR 1.603-4; AFFARS MP 5301.603 Over and above work/ clause Over and above requirements task the contractor to identify needed repairs and recommend corrective action during contract performance. The contractor submits a work request to identify the over and abo...