WEBCE – COMMERCIAL LINES 101 EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY WELL DETAILED
ANSWERS GRADED A+
Carpenter has a workers compensation experience
modification of 1.11. As compared with other employers in the
same industry, carpenter's loss experience is:
Worse than average.
The owner of the decatur demolition company is surprised
when lance, an employee of abson insurance company
(decatur's insurer), shows up and insists on inspecting
decatur's current job site. Lance points out that:
The insurance policy gives abson the right to inspect decatur's
job site.
Which agency drafts the standard workers compensation and
employers liability insurance form in most of the states?
National council on compensation insurance (ncci).
Carter's fruit stand might be exempt from compulsory workers
compensation if his business has only ________________
employees.
3, 4, or 5
, You can also click on terms or definitions to blur or reveal
them
What is the underwriter's goal?
To write a book of business in which the actual losses
approximate the expected losses.
Gertrude is going to become an insurance agent. She would
like to work in an agency that represents many different
insurance companies. Gertrude will go to work for a(n)
Independent agency
When a client suffers a loss, megainsurers is expected to
respond promptly to settle the resulting claim. Depending on
the line of insurance, claim costs generally consume between
50 and 90 percent of:
The premium dollar.
Anderson auto insurance company has established its rates,
and the rates are deemed to be fair by the insurance
regulators in the states where anderson does business.
Anderson is very concerned about setting adequate rates
because inadequate rates can lead to:
ACTUAL QUESTIONS AND CORRECTLY WELL DETAILED
ANSWERS GRADED A+
Carpenter has a workers compensation experience
modification of 1.11. As compared with other employers in the
same industry, carpenter's loss experience is:
Worse than average.
The owner of the decatur demolition company is surprised
when lance, an employee of abson insurance company
(decatur's insurer), shows up and insists on inspecting
decatur's current job site. Lance points out that:
The insurance policy gives abson the right to inspect decatur's
job site.
Which agency drafts the standard workers compensation and
employers liability insurance form in most of the states?
National council on compensation insurance (ncci).
Carter's fruit stand might be exempt from compulsory workers
compensation if his business has only ________________
employees.
3, 4, or 5
, You can also click on terms or definitions to blur or reveal
them
What is the underwriter's goal?
To write a book of business in which the actual losses
approximate the expected losses.
Gertrude is going to become an insurance agent. She would
like to work in an agency that represents many different
insurance companies. Gertrude will go to work for a(n)
Independent agency
When a client suffers a loss, megainsurers is expected to
respond promptly to settle the resulting claim. Depending on
the line of insurance, claim costs generally consume between
50 and 90 percent of:
The premium dollar.
Anderson auto insurance company has established its rates,
and the rates are deemed to be fair by the insurance
regulators in the states where anderson does business.
Anderson is very concerned about setting adequate rates
because inadequate rates can lead to:
