Ky Property and Casualty Exam Notes
If valuable papers or destroyed on the premises by a loss covered by a business owners policy, what is the maximum dollar amount that can be collected to restore such papers $10,000 $5000 $7500 $2500
$10,000
Under the provisions of Kentucky's no-fault auto insurance, how much coverage must all motor vehicle insurance policies provide in terms of basic reparations benefits? $10,000 $40,000 $60,000 $25,000/$50,000
$10,000
What is the maximum reimbursement for a fire department service charge? $2500 $1000 $250 $500
$1000
The special coverage C limit on business property on the insured premises is: $2,500 $1,000 $2,000 $250
$2,500 Business equipment coverage is limited under Coverage C to $2,500
50 days after Alfred's homeowners insurance policy went into effect his insurer decided the property did not meet their underwriting standards. So they canceled his policy within advance notice of. 60 days 75 days 14 days 10 days
14 days
Under coverage B, medical payments in a personal auto policy, how long a period can an insured collect benefits from the date of an accident? Two years Four years Three years One year
3 years
When Angela's commercial general liability policy was canceled after 90 days, because the insurer discovered a misrepresentation on the application, she received 14 days prior notice That is not an acceptable reason to cancel the policy after the first 60 days 10 days prior notice 75 days prior notice
75 days prior notice
Which of the following claims would be covered by the Kentucky insurance guaranty fund? Accord declares Linda's title insurance carrier insolvent on the day of claim is filed regarding the title to her house According to Claire's Kevin's health, insurer insolvent on the day, he filed for disability claim on his individual disability insurance policy According to Claire's Janet's property, ensure insolvent when she files a claim on her homeowners policy According to Claire's marks, auto warranty company in Sullivan on the day, he brings his vehicle to a mechanic for major repairs, covered by his contract
A court declares Janet's property insure insolvent when she files a claim on her homeowners policy.
When an electrical power surge destroyed, Milo's digital ledger, he filed a claim for his extra collection cost, and the funds he was unable to collect because of the surge with his Accounts receivable coverage Electronic data processing floater Commercial articles floater Valuable papers and records
Accounts receivable coverage
Coverage D in a homeowners policy is comprised of which of the following Fair rental value and rental income Ordinance and law Loss of use and rent insurance Additional living expenses and fair rental value
Additional living expenses and fair rental value
The addition coverage, forgery and alteration on a BOP policy covers which of the following losses Up to $1000 due to a forged check Up to $1000 for fake currency accepted by the insured Up to $2500 due to the receipt of counterfeit money Up to $2500 due to a forged check
After $2500 due to a forged check
Which of the following types of loss is considered to be an indirect loss? All of the above Loss of use Additional living expenses Loss of income
All of the above
License and permit bonds Are required insurance for private construction jobs Are required by many municipalities before a contractor can work in an area Cost about 3% to 5% depending on the credit of the principal All of the answers listed
Are required by many municipalities before a contractor can work in an area
Which of the following statements about broker licensing requirements is true? A broker must surrender his surplus lines license, when it is time to renew, if the broker loses his property and casualty license during the term of the license Brokers must maintain a surety bond in favor of the state of Kentucky, in the penal sum of $100,000 If the commissioner revokes the license of a surplus lines broker, the individual must wait five years before seeking reinstatement Brokers must carry a $1,000,000/ $2 million per occurrence policy
Brokers must carry a 1 million 2 million per occurrence policy The broker must maintain level of insurance stated. The required surety bond is $50,000. A licensee must surrender a surplus lines license immediately if the underlying authority is canceled, and he or she must wait one year to reapply if license is revoked.
Y is in a dispute with his ensure and is planning to sue them. When going through the situation Y's lawyer finds out that Y did not properly file a claim form within a specific time of loss. Therefore Y Can sue the lawyer, but must take a 50% reduction in the claim due to non-compliance Can sue the insurer Cannot sue the insurer Can only sue for loss is not regarding this specific claim in this lawsuit
Cannot sue the insurer According to the suit against us, claims in an HO contract the insured cannot sue the company, unless they've totally complied with the requirements of the contract
And insurance application requires an applicant to make a full, accurate disclosure of the risk factor involved. Using this criteria, and insurance policy is considered what type of contract? Aleatory contract Unilateral contract Estoppel contract Contractor of utmost good faith
Contract of utmost, good faith
After flashing a maintenance morning for 10 days, the company's commercial boiler explodes and started a fire that caused extensive damage. What did the companies equipment breakdown policy cover after investigating the claim? It only cover the damage caused by the explosion in the cost to repair the equipment It only cover the damage caused by the explosion It declined to cover any of the damage It covered all of the damage
Declined to cover any of the damage Ignoring would constitute negligence on the part of the insured. The breakdown would be foreseeable and cannot be covered.
An individual who perform services for another individual at the direction of the other individual as to the details, and means by which the result is accomplished, is the definition of what entity Employee Business owner Independent contractor Supervisor
Employee
A fidelity bond protects which of the following Employee Customer Employer Insurer
Employer A fidelity bond protects the employer from losses that are caused by its employees fraudulent or dishonest actions.
When lightning struck where cattle were pasturing, one was killed by the lightning, and one died of fright. The farmer - who had a farm property policy with basic cause of loss form filed a claim with his carrier. The insurance company: Paid $4000 for the loss of the two animals Paid $3000 since one died of lightning, and it contributed to the death of the other Declined the claim Paid $2000 for the loss of animal struck by lightning
I paid $2000 for the loss of the animal struck by lightning.
All of the following perils would be covered under a standard special cause of loss form, except Volcanic action Collapse Falling objects Insects and rodents
Insects and rodents
Kentucky's residual market mechanism, which covers employers, who, in good faith, are entitled to obtain Worker's Compensation insurance, but who cannot buy it in the voluntary market is known as The Kentucky employers mutual insurance authority The Kentucky self insurance guaranty fund The Kentucky coal employers self insurance fund The Kentucky group self insurance fund
Kentucky employers mutual insurance authority
In a property policy, the mortgagee is defined as the Lender Insurer Insured First named insured
Lender
Which of the following is not one of the standard elements of a property insurance contract? Declarations page Conditions Limits of liability Insurable interest
Limits of liability. Standard elements of property insurance include declarations page, conditions, and insurable interest
Which concept pertaining to medical benefits under the workers compensation policy is not true Medical benefits include the concept of mental rehabilitation Medical benefits include the concept of physical rehabilitation Medical benefits are paid immediately, and there is no deductible owed Medical benefits are limited to actual, reimbursable, expenses, subject to a lifetime limited, is established by state law
Medical benefits are limited to actual, reimbursable expenses, subject to a lifetime limit that is established by state law
Randy has an earthquake insurance endorsement on her homeowners policy. Her home is damaged during an initial earthquake, and she suffers roof damage during an aftershock Whitakers 36 hours later. Will her policy require her to pay a second deductible on the roof damage? Yes, because all aftershocks are considered separate occurrences No, because it occurred within 72 hours of the initial earthquake No, because it occurred within one week of the initial earthquake Yes, because it did not occur within 24 hours of the initial earthquake
No, because it occurred within 72 hours of the initial earthquake Any irruption's occurring within a 72 hour period are considered to be a single eruption under this personal Lyons contract
Debbie has an HO-O2 policy. Her daughter wrote a foraged check on Debbie's account for $1000. Would Debbie's policy reimburse her for this loss? No, credit card and check forgery covered is not available on an H0-02 policy No, credit card and check forgery coverage does not apply when the act is committed by a family member of the insured Yes, her policy would reimburse her the entire $1000 under her credit card and check forgery coverage Yes, but only for $500 of the laws, because that is the limit on the credit card and check forgery coverage
No, credit card and check forgery coverage does not apply when the act is committed by a family member of the insured
Which of the following are not common conditions found in both sections, one and two of a homeowners policy Nonrenewal Assignment None of the answers listed Cancellation
None of the answers listed
Why is running a home daycare out of their home and it's just earn $50,000 in her first year of business. Under an HO policy why is daycare is defined as? Named peril Not a business A business Open peril
Not a business
Under part six, conditions of a WC policy, a long term policy is defined as longer than One year and 30 days One year One year and 16 days Two years
One year and 16 days
Which of the following sections of a farm insurance policy describes the causes of loss against which scheduled farm property is covered? Part B Coverage B Coverage E Part E
Part B
The types of bonds with a contractor would usually purchase Are Surety, judicial, permit Fidelity, license, permit Products, premises, completed operations Performance, bid, payment bonds
Performance, bid, and payment bonds
All of the following are additional coverages under section 2 of a homeowners policy, except First aid expenses Personal injury Damage to the property of others Claims expenses
Personal injury
Builders risk will pay for Physical damage to covered property while a building is under construction Building materials until they are incorporated into the structure Loss of income, if the building is not completed Lost cause by negligence or poor workmanship
Physical damage to cover property while a building is under construction
JTWZ radio station was issued a surety bond by Capital Contents Incorporated. JTWZ is considered Underwriter Obliged Principal Second party
Principal
G is filing a claim against a professional liability policy because the insured provided improper advice about a properties financing. The type of professional, that may be guilty of such behavior would be. An architect Lawyer Real estate broker Insurance agent
Real estate broker
Which of the following is a judicial bond? Surety License Replevin Payment
Replevin
The Jones act protects Coal miners Seamen CIA agents Railroad employees
Seamen
Which of the following would be found under an insured contract? Demolition that is 25 feet away from a railroad Railroads Engineer services Sidetrack agreement
Sidetrack agreement
When lightning caused a fire that destroyed, Milo's book shop, the neon sign was destroyed and had to be replaced. Milo filed a claim with his. Commercial articles floater Installation floater Equipment, dealers floater Sign floater
Sign floater
Exclusive remedy Is a tactic that employers use to fight workers injuries in court States that workers must present a Worker's Compensation claim, and not directly sue the employer for lost to be covered States that workers cannot collect Worker's Compensation benefits States that workers cannot present a Worker's Compensation claim, and not directly sue the employer for lost to be covered
States that workers cannot present a Worker's Compensation claim, and not directly sue the employer for lost to be covered
Property insurance is a personal contract. What concept allows the insurer the legal right to seek reimbursement from at fault third parties after paying a claim to the insured? Subrogation Assignment Transfer of rights and duties Indemnity
Subrogation
Which of the following descriptions of dwelling program coverage forms is incorrect The broad form pays for loss to contents on an ACV basis The basic form pays for lost to the dwelling and attached other structures on a replacement cost basis The special form pays for loss to contents on an ACV basis The special form pays for lost to the dwelling in detached other structures on a replacement cost basis
The basic form pays for lost to the dwelling and attached other structures on a replacement cost basis
Jerry has had his car at his mechanics garage for repairs. While there, a trespasser vandalizes his car and causes extensive damage. Who's insurance will pay for the damages? Jerry's insurance Neither insurance would pay, since a trespasser caused the damage Both insurance would pay, they would split the cost The garage's insurance
The garage's insurance
All of the following property is excluded from a builders risk policy, except The neon sign newly attached to the building The builders construction equipment Building materials in route to the construction site by truck Shrubs being planted as a part of the landscaping
The neon sign newly attached to the building
Which of the following is true regarding CGL endorsement CG 24 25 This endorsement covers businesses against liability regarding bacteria with aggregate limits This Endorsement, supplements, premises, and operations coverage by providing extra insurance for manufacturers This endorsement provides coverage for a homeowner against mold and fungi This endorsement protects against earthquake damage for a business
This endorsement covers businesses against liability regarding bacteria with aggregate limits
Under a DP-2 Broad form, which of the following is NOT a broad peril? Vandalism Electrical damage Glass breakage Burglar damage
Vandalism. Vandalism & Malicious Mischief is an extended coverage peril included in a DP-2
H has a commercial policy covering his warehouse. During the application, H told the insurer that he guarantee that smoke detectors were installed and functional in the building even though the warehouse does not have smoke detectors. If a fire were to occur in the insurer proves that they were no functional smoke detectors, they do not have to pay the claim. H is untrue statement of functional smoke alarms would be considered to be. Material misrepresentation Warranty Misrepresentation Concealment
Warranty Warranties are guaranteed statements
Which of the following perils is specifically designated a broadform peril in a commercial property policy Hale Smoke Sprinklr leakage Water damage
Water damage
The insurer will reduce the business income, an extra expense benefit When the insured resumes normal operations When the insured resumes limited operations during the restoration period The first 72 hours When income returns to the same level, it was it before the business was forced to close
When the insured resumes normal operations
Margo owns a stationary store that is heavily damaged when the Hancock building is destroyed in a terrorist attack to downtown Chicago their results in $40 billion in damages. She is dismayed to discover that her business insurance policy does not cover damage by terror attacks. Does she have any recourse to help pay for the damages? No, because she is bound by her insurance contract Yes, she can request than a monoline endorsement be added to her policy Yes, as per the terrorism risk insurance program, Margo's insurance, and the federal government will share in helping to pay for the damage to her store. No, the terrorism risk insurance program will only cover the Hancock building, not her store
Yes. As per the terrorism risk insurance program, Margo's insurance, and the federal government will share and helping to pay for the damage to her store. The act provides a temporary program that, in the event of a major terrorist attack, allows the insurance industry in the federal government to share losses, according to a specific formula
Mariana is a social worker. While doing a home visit of a foster child, she placed, she falls down the stairs and breaks her leg. What her injury be covered under Worker's Compensation? No, because the injury occurred off the premises of Mariana's workplace No, because social workers are in excluded occupation, and are never covered under Worker's Compensation Yes, because social workers are an occupation that has mandatory workers compensation Coverage Yes, because the injury occurred during the scope of Mariano's regular employment.
Yes. Because the injury occurred during the scope of Mariano's regular employment. Employees, who are injured, disabled, die, or contract an illness only arising out of and occurring in the course of employment have a right to hold their employer liable for economic or financial damages under state Worker's Compensation laws
Under trailer, interchange, supplementary payments, the maximum amount for traffic bonds is $3000 $1000 $2000 Zero
Zero
Under a Special Cause of Loss From, limited coverage for loss by theft of furs is provided for; $2500 $2000 $500 $1000
$2500
Which of the following are correct regarding additional, supplementary payments under a garage coverage form $3000 in bail bonds $250 per day of missing wages for an insured to give a deposition in court Interest on judgment, so long as it is after the entry of a judgment $10,000 in expenses incurred by the Insurer
$3000 in bail bonds
Under NF,IP coverage, the limit paid on a lost to a single building under the emergency program is $10,000 $35,000 $500,000 $100,000
$35,000
J owns a small business and has suffered losses due to flood to both his small business, structure and contents. Jay calls the company that wrote his flood insurance, and they explained that Jay was covered under the emergency program when this loss occurred. Therefore, the total amount in deductible, Jay must pay for all his losses is. $4000 $2000 Depends on the contract $10,000
$4000 Since the covered loss occurred under the emergency program and he suffer losses to both of dwelling in contents, he must pay $4000 total in deductible for losses. Under NIFP guidelines there is always a separate deductible for dwelling in Contant. The emergency program deductible is $2000. Therefore $2000 for continent plus $2000 for the dwelling equals $4000 total deductible Cost
An insured purchases a rental property for $250,000, it's replacement cost. He insures it for $150,000 under a property coverage form with an 80% coinsurance clause with a $100 deductible. In the event of a $100,000 loss, how much were the insurer pay on the claim? $74,900 $75,000 $99,900 $100,000
$74,900
In an HO-8 Modified form, what percentage of the Coverage A amount is available for Coverage D, Loss of Use? 20% 30% 10% 40%
10%
When farmer D bought his farm insurance policy, he covered his farm house for $200,000. He also covered his personal household property, including some expensive fishing and camping gear. For how much is this equipment insured under coverage C, when Farmer D is using it on one of his expeditions. 10% of the amount shown for coverage C in the declarations 10% of coverage A The amount shown for coverage C in the declarations 50% of coverage A
10% of the amount shown for coverage C in the declarations
The maximum amount paid by a commercial building and business personal property form for pollution, clean up or removal is $10,000 $1000 $2500 Zero
10,000
Under the terrorism risk insurance act, TRIA, the secretary of the treasury must notify Congress no later than _____ after the act of terrorism, as to whether aggregate insured losses are estimated to exceed the cap Five days 15 days 20 days 10 days
15 days
If an insurer cancels, a flood insurance policy for nonpayment of premium A 60 day written notice of cancellation is required A 30 day written notice of cancellation is required A 20 day written notice of cancellation is required A 10 day written notice of cancellation is required
20 day written notice of cancellation
according to the extensions of coverage in a business owners policy, a newly acquired building by the insured is automatically covered for what period of time 15 days 30 days 60 days 45 days
30 days
The period of restoration begins 72 hours after a direct covered loss, occurs for extra expense 72 hours after operations are restored Immediately following a direct covered loss and lasts for 72 hours 72 hours after a direct covered loss, occurs for business income
72 hours after a direct cover loss occurs for business income
A binder may remain in effect no more than 60 days 75 days 90 days 30 days
90 days
What purpose does an umbrella policy serve as opposed to an excess liability policy? An umbrella policy covers losses that are not covered by an underlying policy An umbrella policy covers higher limits and more perils than an excess policy An umbrella policy covers all personal property owned by the insured An umbrella policy will extend the limits of any liability policy owned by the insured
An umbrella policy covers losses that are not covered by an underlying policy An umbrella liability policy is an excess liability. A large extra amount of coverage. And is a broad form of liability insurance coverage for both general liability and automobile liability.
Which of the following incidents would not be excluded under a DP3 policy? Mechanical breakdown Wind damage due to landscaping Burglary of a property that was vacant for 30 consecutive days Loss due to domestic pets
Burglary of a property that was vacant for 30 consecutive days
V has suffered a covered loss to a valuable side of items. The insurer has decided to repair the items rather than simply replace them. Under the.________ in the contract, the insurer is allowed to choose to pay a claim based on the value of the property by either repairing or replacing the items Assignment rights Claim settlement options Subrogation clause Liberalization clause
Claim settlement options
After multiple problems with her companies refrigeration system, Ellen discover damage due to wet rot in her storage facility. To comply with recent regulatory changes, she had to spend an extra $5000 on restoring her facility. Her equipment breakdown insurer: Covered loss under the limited coverage for damages, caused by wet rot Covered loss under the utility interruption coverage Covered loss under the spoilage damage extension Cover the additional cost under the ordinance in law coverage
Cover the additional cost under the ordinance in law coverage
All of the following losses are excluded from flood insurance policies written under the national flood insurance program, except Damage to first floor ceilings Driveways Outdoor swimming pools Finished basement walls
Damage to first floor ceilings
M has committed an act of dishonesty and has triggered a bond payment known as the limit of liability. The bond in question is a Surety bond Fidelity bond Promise bond Maximum service bond
Fidelity bond Fidelity bond, protect against dishonesty, have a limit called the limit of liability
Today, equipment breakdown insurance coverage for business equipment breakdown is caused by all of the following, except Fire Operations Errors Internal explosion Motors burning out
Fire
A surplus lines broker must maintain transaction records in a form available for inspection by the commissioner for up to Four years Two years Three years Five years
Five years
Extended business insurance, indemnifies the insured company For lost income due to poor business conditions and operations resume When the policy limit has been exhausted before the restoration period is complete When the restoration period is longer than expected for after 60 days. For lost income during the time lag from an operations, resume and operations return to normal
For lost income during the lag time when operations resume and operations return to normal.
Transit, coverage forms, limit, or exclude coverage on all of the following, except Frozen foods being shipped to a supermarket Birds, fish, and reptiles being shipped to a pet store Fur coats being shipped to a specialty clothing store Bouillon being transported by a bank
Frozen foods being shipped to a supermarket
H's used car business,rip off motors Inc. is about to open, and H must place a policy on his business to protect it against commercial losses. H should purchase. Commercial auto part D Garage coverage form Hired auto coverage CGL
Garage coverage form
It took a long time for Paul to clear all of the debris left on the premises behind his building, after the fire damage, firefighting, effort, and restoration. When he filed a claim for debris cleanup with his BOP insurer, 150 days after the fire, he was told Debris removal benefit was limited to $25,000 Debris removal benefit was limited to 25% of the amount paid for the loss He was not covered because he did not file in time His debris removal benefit was limited to $10,000
His debris removal benefit was limited to 25% of the amount paid for the loss
An underwriter viewing a map to determine the nature of the general area in which the insured's property is located, is known as Subrogation Concealment Inspection reports Underwriting assessment
Inspection reports
Under the law of agency, the principal is considered to be the Producer Insured insurer Plan administrator
Insurer
S has a commercial package policy and would like to know what perils are covered. They should read the: Common exclusions Common conditions Coverage part insuring agreements Common declarations
Insuring agreement The insuring agreement states that the obligations that are being assumed or promised by both parties. Also indicates what perils are named or open.
Under truckers coverage form, an insurer will cover trailers in possession of the insured and the insured trailers in the possession of others as long as there's which type of agreement in place Exchange agreement Interchange agreement Intercoastal agreement Insuring agreement
Interchange agreement
All of the following losses are excluded under business personal property coverage form, except Bridges Underground pipes Inventory Crops
Inventory
Which of the following is a condition specific to a building and business personal property form? Duties in the event of loss Inventory or stock Coinsurance Vacancy
Inventory or stock
Company M has equipment breakdown insurance. It's steam boiler is getting older, and is becoming corroded. Which of the following is true? It's policy will pay to replace the steam boiler with a new boiler that is the same make and model as the old one It's policy will not pay to replace the model, but it will pay for the resulting loss if a breakdown occurs due to the corrosion It's policy will pay the actual cash value of the steam boiler in today's dollars It's policy will pay to replace the steam boiler with a new boiler of equivalent value as the old one.
Is policy will not pay to replace the model, but it will pay for the result in loss of a breakdown occurs due to the corrosion
Which of the following statements regarding the mortgage clause is correct It gives the mortgagee separate rights under the policy It pays the mortgage if the insured dies It allows the mortgager to pay the premium if the mortgagee does not It is another name for the last payable clause
It gives the mortgagee separate rights under the policy.
Which of the following policies pays a third-party on behalf of an insured? Liability insurance policy Equipment breakdown insurance Property insurance policy valued policy
Liability insurance policy.
None of the following listed workers are subject to Worker's Compensation requirements, except Coal miners Local and state government workers Railroad workers Workers employed by the United States government
Local and state government workers
A person who has custody of coverage property away from the insured premises. Best describes Custodian Messenger Employee Officer
Messenger. A Messenger is a person who has custody of coverage property away from the insured premises
Do the payments of Supplementary Benefits in a CGL reduce the liability limits of a CGL? Never Only if the insured is late in paying the premium due They can depending upon the specifics of the claim being defended Yes
Never. Supplementary or additional payments are paid in addition to liability limits of the CGL policy, and the payments do not reduce the policy limits in any matter
Which of the following liability policies feature a SIR as part of coverage Business owner policy Commercial package policy Commercial general liability Professional liability
Professional liability
Which of the following concerning recreational vehicle insurance is not true RVs are defined as motorhomes, caravans, camper, vans, pop-up campers, and fifth wheel trailers Some states may not require liability coverage for RVs Property damage limits are per person/per accident and bodily injury limits are on per accident basis only Coverage includes med pay, which is no fault liability
Property damage limits are per person, per accident in bodily injury limits are on a per accident basis only
The purpose of the Kentucky automobile insurance plan is to Be an advisory organization that helps insurers write coverage for high risk drivers Provide a mechanism for buying surplus lines coverage for motor vehicles went owners, cannot qualify for coverage in the voluntary market Provide motor vehicle policies to applicant, unable to obtain insurance coverage in the voluntary market Provide claims payments for clients of insolvent auto insurance through the automobile insurance account
Provide motor vehicle policies to applicant, unable to obtain insurance coverage in the voluntary market
Holly is involved in a workplace accidents in which she suffers a broken arm. What level of disability would this be? Temporary total Permanent partial Temporary partial Permanent total
Temporary partial Temporary partial disability is a condition, lasting a short period of time until the worker returns
Which factor listed is incorrect with respect to the business auto policy A partner of the named insured for a covered auto owned by them, is excluded under the BAP There is a garage and garage keepers exclusion in a BAP Section 2 of a BAP is coverage for liability, and will pay BI and PD loss for all covered autos listed in the declarations The BAP does not include supplemental payments similar to the PAP
The BAP does not include supplementary payments similar to the PAP
Which of the following regarding truckers coverage form is untrue None of the answers listed Trucker coverage forms can protect businesses that carry property on a for hire basis, as well as private or public loads Trucker forms only provide coverage for for hire transport and all public. Transportation is covered under Workmen's Compensation. Trucker coverage form has several codes to meet the specialize concerns and needs for businesses to transport goods
Trucker forms only provide coverage for for hire transport and all public. Transportation is covered under Workmen's Compensation.
Jay owns a business that is run out of a marina and he is required to have both state and federal workers compensation insurance. Js agent suggest that he should have coverage for his employees that are dock workers. This type of coverage is explained under which of the following laws US Longshore, and harbors workers compensation act The Jones act NFIP Graham Leach Bailey
US Longshore, and harbors workers compensation act
When talking about business income insurance, what benefit does interruption of computer benefits coverage provide? Up to $2500. If an employee's actions caused data loss resulting in the interruption of business. Up to 60 days loss of income, if one of the bride cause of loss for imperils calls a day to laws resulting in the interruption of business Up to $2500 if one of the bride cause of loss for imperils, cause a data loss resulting in the interruption of business After 60 days of income, if an employee's actions cause a data loss resulting in the interruption of business
Up to $2500 if one of the covered broad form perils causes a data loss resulting in the interruption of business
When William rear ended the car in front of him, he suffered a mild head trauma when is airbag deployed, as well as soft tissue damage. When he applied for basic reparations benefits, his insurer declined his claim because. The total amount of Williams economic losses exceeded $10,000 William had refused to consent to the tort limitations required for someone to qualify for basic reparations benefits William was at fault William waived the right to sue
William had refused to consent to the tort limitations required for someone to qualify for basic reparations benefits
Lee company is being sued by a customer for an accident The customer believes Lee to be liable for. Lee believes the suit to be baseless, and is confident in the court will throw out the suit. Will Lee's CGL policy pay to defend Lee Company against the suit? Yes, as long as the company takes charge of hiring an attorney. No, the CGL policy does not cover the defensive suits, believe to be baseless Yes, the insurer has a duty to defend the insured without any act on the part of the insured No, the CGL policy does not protect the insured against any lawsuits brought about as a result of an accident
Yes, the insurer has a duty to defend the insured without any act on the part of the insured. The policy states the company has the right and duty to defend the insured against any suit seeking damages
