Airline Insurance

For automobile insurance,  Describe how risk can be managed. Evaluate the risks in society. Discuss the relationship between risk and this type of insurance. Describe the risk management tools. Discuss the legal principles of risk and this type of insurance.

There are some risks that you can transfer to an insurance company.  There are also risks that you may want to retain.  We all know the common risks that are transferred to insurance companies:  auto, home, health, life.  Detail a risk that could be transferred to an insurance company, but isn’t utilized as often as the most common ones mentioned.  Explain the risk that can be transferred, when it’s used, and why it isn’t.

Is disaster insurance unfair to insurance companies ? Explain your answer and provide an example.

The Insuring clause in an Accident & Health policy states which of the following information? A. The insured's obligations B. The insurance company's obligations C. The risks excluded from coverage D. The cost of the coverage

Commercial Insurance must legally own the new insurer a. Company A is an established insurer and is primarily interested in having protection against a catastrophic loss arising out of a single occurrence.

Section II ( personal liability) Coverage under a homeowner's policy provides coverage for   Intentional actions of the insured  claims arising out Professional Services rendered by the insured  actions of the insured’s dog Claims against the insured for injuries arising from an aircraft-related accident

pls help asap

The PRIMARY function of an umbrella liability insurance policy is to provide coverage for   • A. personal property damage caused by inclement weather.   B. legal claims that exceed the policyholder's primary liability insurance limits.   C. multiple dwellings and vehicles under a single insurance policy.   D. vehicles that are either rented or borrowed by the policyholder.

Which of the following statements is correct about perils in property insurance policies?   An (HO-2) form provides coverage for more perils than a (HO-3) Form.  a Peril is defined as the cause of a loss  A peril  increases the chance of a loss  a property insurance policy must contain a list of all cover perils

The insurance Commissioner must approve which of the following types of insurance rates prior to their use: A. Fire B. Title C. Inland marine D. Workers Compensation Loss Cost

Choose the best answer. 1.Which statement is TRUE about an insurance contract? * a.The insurer is the party that has an obligation under an insurance contract to compensate a policyholder if an insured event occurs. b.The policyholder is the party that has a right to compensation under an insurance contract if an insured event occurs. c.The insured event is an uncertain future event that is covered by an insurance contract and creates insurance risk. d.All of these statements are true about an insurance contract. 2. IFRS 17 provides that insurance contracts should * a.Comply with all existing IFRS b.Generally continue to be subject to existing accounting policies. c.Comply with the IFRS Framework document. d.Be covered by IAS 32 and IFRS 9 3.An insurance contract can contain both deposit and insurance elements. An example might be a reinsurance contract where the cedant receives a repayment of the premiums at a future date if there are no claims under the contract. Effectively this…

State Farm State Farm Fire and Casualty Company 11350 Johns Creek Parkway Duluth, GA 30098-0001 AT2 Matt & Sarah Justice 123 GetTheW St. Atlanta, GA 30306 YEAR 2007 NAMED INSURED SYMBOLS A DO NOT PAY PREMIUMS SHOWN ON THIS PAGE. IF AN AMOUNT IS DUE, THEN A SEPARATE STATEMENT IS ENCLOSED. YOUR CAR C D G H JINA M R1 U MAKE TOYOTA MODEL CAMRY COVERAGE & LIMITS 11-2097-4 P Liability Coverage Bodily Injury Limits Each Person, Each Accident A $100,000 $300,000 Property Damage Limit Each Accident $100,000 Medical Payments Coverage Limit- Each Person $1.000 BODY STYLE 4DR Comprehensive Coverage - $200 Deductible Collision Coverage - $1,000 Deductible Emergency Road Service Coverage Car Rental and Travel Expenses Coverage Limit- Car Rental Expense Each Day. Each Loss 80% menntunar $1.000 Uninsured Motor Vehicle Coverage (Difference-In-Limits) Bodily Injury Limits Each Person, Each Accident $50,000 $100,000 Property Damage Limit ($250 Deductible) Each Accident $50.000 Total premium for JUL 21…

Describe an internal control that would prevent the payment of insurance premiums on an automobile the company no longer owns.

Which of the following sections of a commercial general liability policy contains information about limits of insurance and premiums? Declaration Exclusion Condition

Which of the following would be accepted as a proof of liability insurance for automobile liability insurance? An expired insurance card provided by the insurance company A bound insurance application for which the check offered for payment was dishonored due to insufficient funds A liability insurance binder issued by the insurance producer in effect on the date the police requested proof of insurance Insurance declarations page with an expiration date prior to the date of the accident in question