Gaurantee exam questions missed
HO-5
Which form insures both buildings and personal property
an addittional 5 % of the policy limit may be paid for debris removal
a house insured with a home owners policy has been blown off its foundation by a tornado it must be demolished and removed so a replacement house can be built
life and health insurance councelor
a licensee who for a fee or commission offers to examine a life insurance policy and gives advice regarding the policy is known as
Auto collision coverage
a personal umbrella policy may act as excess over any of the following insurance coverage policies except
Morale Hazard
an applicant for property insurance owns a building in which combustible materials are stored in furnace room from a underwriting standpoint this risk would likely be considered a
10,000
an insured has a personal umbrella with 2000 self insured retention assuming no other policy is involved how much would the umbrella pay after 12000 personal injury liability claim
Notice of Claim form
an insured has extended coverafe dwelling vandelism she fills out form detailing events leading to loss
Consequential Loss
an insured home catches fire as a result the insured family must stay in motel until home is repaired the cost of the motel stay would be considered
part B-medical Payments
an insured is injured while driving his own car. which of the following will pay for the losses
the insured submits a claim against the policy
an insurer may cancel a homeowners policy that has been in effect for more then 60 days for any of the following reasons except
Workers Compensation
claims from which of the following types of insurance will be covered by the texas property and casualty insurance guaranty association
a reasonable expectation that act may cause injury or damage
for there to be negligent liability all of the following must
10 days
in insurer wants to cancel a personal auto policy for non payment of premium the insurer must send the insured a notice of at least
at least 2 auto insurers
in order to obtain insurance through the texas automobile insurance plan association the applicant must provide proof that he or she has been rejected by
Self-insured retention (SIR)
the amount of loss the insured is willing to absorb without insurance protection is known as
300,000
the texas property and casualty insurance gauranty association will cover all other claims arising from same occurence except workers compensation claims up to what limit
residual markets
what is designed to assume risks that are generally unacceptable to the normal insurance market
60 days
what is the maximum amount of time an insurer may delay payment of a claim without having to pay an additional interest
there is no maximum limit
what is the maximum period of time the commissioner may revoke your agents license
Benefits
which of the following components is not part policy structure
Limits of Liability
which of the following describes an insurers responsibility for payment under a policy as stated in common policy provisions
fire caused by earthquake
which of the following is covered under a dwelling policy
endorsements may only add coverage to a current policy not removed
which of the following statements does NOT describe endorsements
the insured may reject this coverage in writing
which of the following statements is true regarding personal injury protection coverage in auto liability policies issued in this state PIP
insurance transaction
which of the following term refers to solicitation,negotiation,effectuation,or advising related to an insurance contract
A full time Maid
which of the following would be eligible for homeowners coverage F medical payments in the event of injury at the insured premises
an insured slams a hand in a car door while getting in breaking the hand
which of these would be covered by the medical payments coverage in a personal auto policy
one party accepts the exact terms of the other partys offer
which statement best describes agreement as it relates to insurance contracts
the insured causes a head on collission with the car of an uninsured motorist
which would NOT be covered by an insured uninsured motorist coverage