Property & Casualty Practice Questions (General)

Abandonment

$500

72 hours

10 days

Accounts receivable

80%

30 days

Condominiums

Transfer

1 year

A situation in which a person can only lose or have no change represents

Liability

Consideration

10 days

Tenants

Collapse

All of the following are examples of risk retention EXCEPT

2

Assignment

10 days

Fraud

Reduction

Appraisal

Nothing

5 days

$25,000

$1,000

5

$5,000

30 days

$60