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USVI Insurance Laws

This class was created by Brainscape user Katricia Adams. Visit their profile to learn more about the creator.

By: Katricia Adams
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Decks in this class (10)

Lesson 1 - General
What is insurance,
What s needed for insurance to be...,
Law of large numbers law of averages
63  cards
Lesson 1 Part 2
Contract,
4 components for contract to be l...,
Entities deemed incompetent
54  cards
Lesson 2 - Fire
Four major sections in fire insur...,
How to get actual cash value,
Basic level fire policy perils in...
48  cards
Lesson 3 - Inland/Ocean Marine
Form of insurance protection prov...,
Nationwide marine definition,
Coverage forms available under co...
25  cards
Lesson 4 - Liability Insurance
Liability loss exposure,
Legal liability,
Negligence
31  cards
Lesson 4 Part 2
Also known as assumed liability p...,
Products and completed operations...,
Incidental contracts
11  cards
Lesson 5 - Automobile
Most common type of auto contract...,
When other persons are automatica...,
Oldest type of residual market pl...
8  cards
Lesson 6 - Package Policies & Property Coverages
Homeowners policy,
Homeowners combine what into a si...,
What is the limit of liability fo...
12  cards
Lesson 7 - Crime Insurance/ Bonds
Fraudulent act that involves unla...,
Occurs during period of time when...,
Where intruder steals property fr...
25  cards
Lesson 8- Workers Comp/ Other Coverages
States that coverage is required ...,
The type of business involved the...,
Used for premium determination be...
36  cards

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USVI Insurance Laws

  • Class purpose General learning

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