Fred loya Study guides, Class notes & Summaries
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2024 FRED LOYA PRACTICE TEST (106 QUESTIONS), LIMITED LINES EXAM.
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2024 FRED LOYA PRACTICE TEST (106 QUESTIONS), LIMITED LINES EXAM.
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Fred Loya Limited Lines State Test (Questions + Answers) Verified 100% Correct!!.
- Exam (elaborations) • 19 pages • 2024
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What course of action does a party to a contract have if the other party is found to be in breach of that 
contract? - Answer-Damages for breach, reasonable attorney fees, and costs. 
A representation in an insurance contract qualifies as of the following? 
-an amendment 
-an expressed warranty 
-a policy provision 
-an implied warranty - Answer-implied warranty 
What does it mean if an agent's license is inactive? - Answer-the agent cannot transact any insurance 
business for which is valid, a...
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Fred Loya Practice Test (Questions + Answers) Verified 100% Correct!!.
- Exam (elaborations) • 10 pages • 2024
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What course of action does a party to a contract have if the other party is found to be in breach of that 
contract? - Answer-Damages for breach, reasonable attorney fees, and costs. 
A representation in an insurance contract qualifies as of the following? - Answer-implied warranty 
What does it mean if an agent's license is inactive? - Answer-the agent cannot transact any insurance 
business for which is valid, active license is required 
In the State of CA, no rate will remain in effect if it...
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Fred Loya Limited Lines State Test Questions With Verified Answers
- Exam (elaborations) • 17 pages • 2024
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Fred Loya Limited Lines State Test 
Questions With Verified Answers 
What course of action does a party to a contract have if the other party is found to be in breach of 
that contract? - answerDamages for breach, reasonable attorney fees, and costs. 
A representation in an insurance contract qualifies as of the following? 
-an amendment 
-an expressed warranty 
-a policy provision 
-an implied warranty - answerimplied warranty 
What does it mean if an agent's license is inactive? - answerthe a...
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chapter 1 review fred loya with complete solution
- Exam (elaborations) • 19 pages • 2024
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chapter 1 review fred loya with complete solution
Too much month left at the end of the money?
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Fred Loya Bundled Exams with complete solution
- Package deal • 9 items • 2024
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Fred Loya Bundled Exams with complete solution
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Fred Loya Limited Lines State Test Questions With Verified Answers
- Exam (elaborations) • 17 pages • 2024
- Available in package deal
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- $12.49
- + learn more
Fred Loya Limited Lines State Test 
Questions With Verified Answers 
What course of action does a party to a contract have if the other party is found to be in breach of 
that contract? - answerDamages for breach, reasonable attorney fees, and costs. 
A representation in an insurance contract qualifies as of the following? 
-an amendment 
-an expressed warranty 
-a policy provision 
-an implied warranty - answerimplied warranty 
What does it mean if an agent's license is inactive? - answerthe a...
-
Fred Loya Limited Lines State Test with complete solution
- Exam (elaborations) • 13 pages • 2024
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Fred Loya Limited Lines State Test with complete solution
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fred loya practice exam 2 Questions and Answers 100% Solved correctly
- Exam (elaborations) • 5 pages • 2024
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If an agent, while selling a policy tells the prospect he is fully covered and everything will be taken care 
of, when this is not the fact, the agent is guilty of - Answer-Misrepresentation 
What would NOT be an unfair claim practice? - Answer-Using an arbitrator to resolve a dispute. 
A homeowner discovers that a valuable painting was stolen from her home, what type of loss would this 
be considered? - Answer-Direct loss 
An example of a peril would be - Answer-A fire that damages the kitchen ...
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FRED LOYA TEST QUESTIONS WITH 100 % CORRECT ANSWERS | VERIFIED
- Exam (elaborations) • 5 pages • 2024
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EXPRESSED AUTHORITY - Answer-The type of authority granted to an agent that is applied in writing or 
verbally 
IMPLIED AUTHORITY - Answer-Authority that is not expressed or written into the contract, but which the 
agent is assumed to have in order to transact the business of insurance for the principal. 
APPARENT ATHORITY - Answer-words and actions 
INSOLVENCY - Answer-the inability to the insurer to pay debts when they are due 
INSURER - Answer-insurance company 
INSURED - Answer-A person cov...
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