Virginia Property And Casualty Insurance Study Guide Graded A+

What kind of endorsement streamlines and eliminates other necessary endorsements? (commercial) {Ans: Interline Endorsements}How much will the Fire Department Service Charge pay for the Fire Department to respond to a fire at an insured's premises? {Ans: $500.00}Define a fiduciary. {Ans: An agent/broker who handles insurer's funds in a trust capacity}What is based on the principle of Risk Transfer {Ans: Spreading the results of a financial loss among many persons, so the cost to any one person is small}What is an example property covered under Coverage A? {Ans: a lawn mower}What is the most cost effective rating for classes of construction? {Ans: Fire Resistive}