Property and Causality Ohio

Which of the following is true of trucker coverage form, but is not true for the motor carrier coverage form or garage form

They do not provide coverage for private passenger autos

The coverage extension man on detached trailers provides

Up to $5000 coverage on a non-owned trailer when the insured uses it for his or her business

Insured is injured, driving the company truck on the job

What would be excluded it by a policy providing automobile medical payments insurance

Which of the following facts about the flood program is false

Private carriers share in losses through the WYO

On the CGL, which of the following will have a separate aggregate limit

Products and completed operations liability

All of the following is correct, regarding stated, value, except

The Insurance Except The value of an asset, as stated by the insured in a formal agreement, attached top the policy

All of the following statements regarding the business income insurance coverage extension applicable to new facilities, are correct, except

The benefit is based on the agreed value determined at the policies interception

Through the state of Ohio businesses that cannot obtain insurance in the standard marketplace can obtain coverage through which of the following

The commercial joint underwriting association

all of the following is correct regarding stated value, except

The insurer excepts the value of an asset, as stated by the insured in a formal agreement, attached top of the policy

Turkeys

All of the following can be covered under coverage a Except

Appliances used for refrigeration, cooking, dishwashing, and laundry.

All of the following may be covered under coverage be in a BOP policy except

What is the automatic limit of coverage B medical payments in the PAP

$1,000

The standard limit for part two employers liability is

$100,000 per employee

If the Attorney General has commenced criminal procedures against the agent on behalf of the state, the maximum civil penalty the court can impose is

$25,000

Under the terrorism risk insurance act, which of the following is considered to be a certified act of terrorism as determined by the US treasury

$5 million in collective damages

Owned autos acquired after the policy begin will be covered in which of the following symbols are entered by Item two in the declarations

19

B has been injured on a farm and has minor losses that would be covered under the farms part J policy. B must bring her claim within how long of the accident

3 years

A non-resident agent moving to Ohio, may request to be licensed resident agent in Ohio without passing a license examination. If the application to be a resident agent is made within how many days of moving to Ohio.

90 days

Under Ohio law, failure of a driver to prove financial responsibility, whenever requested will result in

A mandatory 90 days suspension of driving privileges

Extra expense

A newspaper is interested in protecting against additional costs of continuing to print the newspaper in the event. It's buildings are destroyed what coverage for the newspaper purchase

Which of the following types of coverage is also referred to as indirect lost insurance?

Additional living expenses

Individuals with higher loss exposure have the tendency to purchase insurance more often than those with average loss exposure. This is a description of the concept of.

Adverse selection

The assigned risk auto plan is made up of

All admitted carriers writing auto insurance in Ohio

Through the MCS Dash 90 endorsement is attached to the motor carriers policy the two have concurrent cancellation clauses

All of the following are true, regarding commercial carrier regulations, except

Which of the following are losses excluded under coverage F

An individual who is eligible to receive disability insurance

All of the following will be excluded under a business owners policy

Animals for sale in a pet shop

liability

As an agent, what type of automobile insurance would you recommend is the most important

in the property insurance insurable interest must

At the time of loss

Contracts of Indemnity

Because the purpose of a contract of insurance is to restore the insured to the same financial position. They were in before a loss occurred. Contracts of insurance are.

What automobile coverage must be written on a policy

Bodily injury and property damage liability

What loss is not covered under the garage keepers coverage in the garage coverage form

Bodily injury loss stemming from an automobile servicing hoist

What types of losses incurred would be covered under the commercial general liability claims made form

Bodily injury, resulting from the intentional use of reasonable force by the insured while protecting his property

Retroactive dates are used with

Claims made forms

B has just received notice from her ensure that while she has coverage until the end of the policy. The insurer will not be renewing her contract the part of the policy that would list the rights for the insurance for non-renewable policy is listed in the

Conditions

Each of the following is a common commercial property coverage for

Construction liability

Company AX is sued by another company who feels that company AX has infringed on one of its copyrights. Which type of commercial general liability coverage would cover company AX for this type of claim

Coverage B

The part of a homeowners policy that will pay the medical expenses of an injured person when the insured is not legally liable to pay, but feel a moral responsibility is

Coverage F

What is covered under the comprehensive coverage? Personal auto

Damage one Vandals, scratch the paint, trying to get into the car

What a business carries other insurance besides a CGL policy how do the policies divide the losses

Either by a contribution of equal shares or a contribution by limits

Hey, change made by an insurer on an auto policy that deletes Benefits after a policy has been issued, is known as an

Endorsement

Each of the four additional optional coverages that may be added to business income coverage form waves the coinsurance requirement for the insured Except

Extended period of indemnity option

Under the HO Dash eight form only basic named payrolls are covered which of the following is not a covered basic peril

Falling objects

M has committed an active dishonesty and has triggered Avon payment known as the limit of liability the bonding question

Fidelity bond

Which of the following is not an exclusion under part D physical damage?

Flood damage to the auto

Commercial property conditions include all the following, except

Glass coverage

Which of the following classes will not be covered by section 1 of a BOP

Grass that is part of a roof, covered by a lawn and a garden

Any property contract all the following may provide a form of coverage a Except

HO - 4

What is not an illustration of insured contract as defined by commercial general liability coverage?

Hold harmless agreement

Which of the following policy types most resembles the farm policy

Homeowners

Securities deposited with other crimes form

Is an endorsement that covers securities that insured gives to custodians when it is not in a box or vault

Trailer, interchange, coverage

Is unique to the truckers form

What is true, regarding supplementary payments provided by a commercial general

It covers any occurred interest on a judgment rendered against an insured

He's up to $15,000 and a 12 month period for damage resulting from the specified cause of loss except lightning and fire

Limited coverage for fungi, wet rot or dry rot

Her policy would pay only for the lost earring with allowance given for the value of the lost item as it affects the set

Lois has a pair of diamond earrings that are insured under a personal articles floater attached to her homeowners policy. If only one of the earrings is destroyed which of the following would be true.

Barbara is an underwriter. She is determining a premium for a policy. She looks at the rate by class and category in a computer program. Which method is Barbara using.

Manual rating

Marble company has an elevator on the premises. They have an elevator maintenance agreement with a hold harmless clause with Murphy's elevator, who services the elevator. If a customer is injured due to an elevator malfunction, which of the following would be true

Marble companies, CGL policy would cover the injuries

Which concept pertaining to medical benefits under the Worker's Compensation policy is not true

Medical benefits are limited to actual, reimbursable expenses, subject to a lifetime limit that is established by state law

In a property insurance contract, the declarations state

Premium amount

The face amount of a surety bond is called the

Penalty

All of the following are ways, an employer may secure the payment of compensation, except Except

Pull their liabilities with another company for the purpose of qualifying as a self insure

An automobile, causality or liability policy will provide coverage all of the following, except

Punitive damages

Which of the following would be found under insured contract in a commercial general liability policy

Sidetrack agreement

A type of property insurance policy, which provides coverage for all types of loss except perils, specifically excluded best describes

Special peril policy

What description, best describes exclusive remedy

States where a workers right to sue an employer is waived in return for coverage under a Worker's Compensation policy

The HO - 04 policy form covers losses under which basis

The same name perils as found in the broad form

Which of the following is a reason and endorsement might be added to a standard personal auto policy?

To bring the policy into compliance with State specific insurance regulations

Falling objects (broad form peril)

Under an HO - eight form only basic name payrolls are covered. Which of the following is not a covered basic peril?

Waiver

Which of the following best describes win an insurer fails to enforce a provision in an insurance policy

Extra expense coverage, excludes claims resulting from all of the following events, except

While J's bar was being rebuilt after a fire, his liquor license lapsed the expedited late renewal increased J's income loss in extended the period of restoration