9 Which one (1) of the following amounts must be established when there is a co-insurance clause in a replacement cost policy?OA) The actual cash value of the property.OB) The replacement cost of the property.OC) The amount which could be obtained for the property in a sale.OD) The original cost of the property. Upon successful completion of the examination you may qualify for registration as an insurance broker. If issued, the registrationwill be "restricted to Acting Under Supervision". Which one (1) of the following most accurately describes the conditions underwhich you may act as an insurance broker under supervision?OA) You may not act as a sole proprietor, nor be a "Principal Broker" as the term is used in the regulation, nor may youcontrol trust funds.OB) You may operate a trust account in your own name into which you may deposit premiums you receive from policyholders.OC) You may solicit insurance only from persons who call at, or telephone your office.OD) You may solicit insurance inside or outside your office but only in the community where your office is located.

DISCLAIMER “Since you have asked multiple questions, we will solve the first question for you. If…

Which one (1) of the following amounts must be established when there is a co-insurance clause in a replacen OA) The actual cash value of the property. OB) The replacement cost of the property. OC) The amount which could be obtained for the property in a sale.

Which one (1) of the following amounts must be established when there is a co-insurance clause in a replacen OA) The actual cash value of the property. OB) The replacement cost of the property. OC) The amount which could be obtained for the property in a sale.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which one (1) of the following amounts must be established when there is a co-insurance clause in a replacement cost policy?
OA) The actual cash value of the property.
OB) The replacement cost of the property.
OC) The amount which could be obtained for the property in a sale.
OD) The original cost of the property.

Upon successful completion of the examination you may qualify for registration as an insurance broker. If issued, the registration
will be "restricted to Acting Under Supervision". Which one (1) of the following most accurately describes the conditions under
which you may act as an insurance broker under supervision?
OA) You may not act as a sole proprietor, nor be a "Principal Broker" as the term is used in the regulation, nor may you
control trust funds.
OB) You may operate a trust account in your own name into which you may deposit premiums you receive from policyholders.
OC) You may solicit insurance only from persons who call at, or telephone your office.
OD) You may solicit insurance inside or outside your office but only in the community where your office is located.

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