P&C

All are legal defenses against a claim of negligence EXCEPT?

Absolute liability

The transfer of a legal right or interest in an insurance policy is called

assignment

What information is found in the conditions part of an insurance policy?

The description of the duties and obligations of the insured

The personal property off-premises extension of dwelling forms provides limits of coverage up to?

10% of Coverage C anywhere in the world

What is the waiting period for transportation expenses coverage for a loss other than theft of a covered vehicle?

24 hours

A producer feels that the Commissioner was not justified in suspending his license and decides to request a hearing. Within how many days after the request must the hearing be held?

30 days

Guaranteeing future dividends is considered to be an unfair or deceptive act known as?

Misrepresentation

Readiness Exam In Maryland, insurers or producers must provide notice of renewal premium at least how many days prior to the policy renewal date?

45 days

In businessowners policies, how soon does the period of restoration for business income coverage begin after the direct loss?

72 hours

When insurance is written on a dwelling form, which of the following types of property would be insured under Coverage B (Other Structures)?

A garage separated from the dwelling

Homeowners policies permit all of the following incidental occupancies EXCEPT?

A retail sales operation run by the insured from his garage.

The Second Injury Fund will pay the benefits in which of the following situations?

An employee with a previous injury suffers a second injury that causes the disability to be more serious

Which of these would be covered by the medical payments coverage in a personal auto policy?

An insured slams a hand in a car door while getting in, breaking the hand.

A general liability policy will respond to claims against an insured when bodily injury or property damage is caused by?

An insured's negligence

Answers to questions in an insurance application are called representations and, as such, they are?

Believed to be true to the best of the applicant's knowledge

which of the following is not part of a policy structure?

Benefits

In ocean marine coverages, which of the following describes the difference between the hull policy and P&l?

The hull policy covers the ship, and P&l is liability coverage.

All of the following are true about the cancellation provision of a commercial insurance policy EXCEPT?

The insurer is required to provide proof that the insured received the cancellation notice prior to cancelling the policy

The supplementary payments section of the commercial general liability policy would cover?

Court costs assessed against the insured in a suit

An executive is accused of sexual harassment. What type of coverage would respond?

Employment Practices Liability

An important fact about the financial status of an insurer was deliberately withheld. Which of the following terms best describes this action?

False financial statement

When an insurer desires to cancel or non-renew a property insurance policy, what is the proper procedure for the insurer to follow?

Give 45 days' advance notice and advise the insured of his ability to obtain replacement insurance

Which of the following is NOT found in the common policy declarations of a commercial package policy?

Insuring agreement

Which of the following is NOT true regarding the automatic increase in insurance endorsement in dwelling policies?

It does not require additional premium

Lisa is a property and casualty producer who sells flood insurance. Lisa has noticed that her continuing education requirements are different from Mike's, who does not sell flood insurance. How are Lisa's continuing education requirements different from Mikes?

Lisa must receive continuing education directly related to flood insurance and Mike does not.

Which of the following exposures is NOT covered under a homeowners policy?

Medical payments to an insured

When does the period of restoration for business income coverage end in a businessowners policy?

On the date the property is repaired

Which of the following benefits under Maryland's Workers Compensation law is subject to limitations?

Payments for lost wages

Which of the following types of property would be covered under Coverage C - Personal Property in a dwelling policy?

Rowboats

From whom can you buy flood insurance in Maryland?

The National Flood Insurance Program, Private Insurers in the WYO Program, & surplus lines insurers

The owner of a rental dwelling, insured under a DP-2, turns off the heat in the insured dwelling during the winter months because the dwelling is not occupied. The building's water pipes freeze and break, causing damage. How will the policy react to this loss?

This loss is excluded from coverage

In a situation where Automobile A's at-fault driver's bodily injury and property damage coverage is at limits lower than Automobile B's coverage, Automobile A is deemed to be the?

Underinsured vehicle.

The broad cause of loss form in the commercial property policy contains three perils in addition to the basic form perils. Which of the following is NOT one of those three perils?

Utility services

When an insured's gardener was spraying weeds in his lawn, he failed to notice that the wind was drifting the spray into the neighbor's yard where he damaged their flower bed. The insured was found to be legally liable for this damage. This is an example of?

Vicarious liability

What is the main distinction between a hired auto and a nonowned auto?

Who owns the auto

The HO-4 form designed for tenants covers losses on what basis?

broad peril

A lender who conditions approval of a loan on the condition that the borrower purchase insurance from that lender may be guilty of?

coercion

Which commercial property form provides coverage for the insured's legal liability for property in his or her care, custody, or control?

legal liability

All of the following are true regarding the federal Fair Credit Reporting Act EXCEPT?

reports may be sent to anyone who requests one

If an insured purchases an insurance policy with a large deductible, what risk management technique is the insured exercising?

retention