proyect22

In a farm policy, what is the limit of coverage for cash, platinum, or gold personal property?

200

Dragonfly Landscapers has one landscaper and one bookkeeper. The landscaper makes $25/hr, and the bookkeeper makes $15/hr. The landscaper worked 20 hours in 2014, so he made $500. The bookkeeper also worked 20 hours, so she made $300. So Dragonfly's entire payroll for 2014 was $800. Let's say that for every $100 of payroll, the WC rate for landscapers is $50 and the rate for bookkeepers is $5. How much did Dragonfly have to pay in workers compensation premiums for 2014? A. $265 B. $400 C. $85 D. $55

265

The Hometown Paint store burns down one night, and almost everything is destroyed. Which of the following items would NOT be covered under Coverage B in the store's commercial property policy?

A large paint mixer permanently affixed to the floor

In a full release Settlement:

All damages are paid inmediately in one limp sum

Who is in charge of the Florida Department of Financial Services? A. The Governor B. The Insurance Commissioner C. The Chief Financial Officer D. The Attorney General

C. The Chief Financial Officer

What is it called when states require employers to buy coverage from a state-designated workers compensation program? A. Competitive B. Elective C. Compulsory D. Monopolistic

D. Monopolistic

while driving the company car on business . Jack uses 240000 which the following might help pay

Excess liability policy

Which of the following is true of Cyber Liability Insurance? A. It only covers expenses related to cyber terrorism. B. It only covers business interruption costs. C. It protects individuals from hackers. D. It protects companies from losses when hackers access private data.

It protects companies from losses when hackers access private data.

Alan has just won a bid to overhaul the town park, getting it ready

a surety bond

Which of the following would not be covered by coverage C personal property in a homeowners policy?

pets

in the homeowner policy, the worker compesation exclusion under coverage E personal liability states that injury is not coverage if

the injured person is otherwise covered by workers compensation or disability insurance

What is a "bailee"? A. An individual or company that receives the property of someone else for a special purpose and returns the property after use. B. An individual or company that has temporarily entrusted property to another individual or company for a special purpose. C. A commercial property floater that protects the property of a business that does not have a fixed location. D. A type of commercial floater that protects inventories and any small, expensive items.

A. An individual or company that receives the property of someone else for a special purpose and returns the property after use.

After Jerry pulled the fire alarm, the indoor sprinkler system came on and flooded the offices at Elliot Designs, which caused thousands of dollars in damage. Elliot Designs filed a claim with KLM Insurance, who dispatched Chrystal to investigate and process the claim. Who is the principal in this scenario? A. Chrystal B. KLM Insurance C. Elliot Designs D. Jerry

A. Chrystal

Which of the following is NOT one of the primary functions of an insurance adjuster? A. Defending the insurer B. Investigating a claim C. Negotiating with the claimant D. Evaluating a claim

A. Defending the insurer

Which type of inland marine coverage would protect the insured against damage to a customer's property that was left in the insured's care? A. Domestic shipments coverage B. Bailee coverage C. Personal articles floater D. Unowned property coverage

A. Domestic shipments coverage

The accountants of a large retail store recently discovered that several unauthorized checks had cleared through the store's bank account that included fake signatures. The total amount of the resulting loss exceeded $20,000! Which insuring agreement under the store's Commercial Crime policy would cover this loss? A. Employee Theft B. Funds Transfer C. Forgery or Alteration D. Computer Fraud

A. Employee Theft

Which of these statements about the Scheduled Farm Personal Property form is FALSE? A. It only covers specific, named items of property. B. It lists a coverage amount for each individual item. C. It provides blanket coverage. D. It uses separate Causes of Loss forms for the different covered items.

A. It only covers specific, named items of property.

Which of the following perils would NOT be covered by a commercial property policy with a Causes of Loss - Special Form attached to the Building and Personal Property Coverage Form? A. LuLu's Fine Jewelry must shut down for a month to repair flood damage. B. Izzy's Furniture loses an entire warehouse in a fire caused by a lightning strike at a nearby power plant. C. When a riot breaks out in the town square, Sam's Boutique is looted and vandalized in the commotion. D. A tornado whips through town, leveling a warehouse belonging to Built Industries.

A. LuLu's Fine Jewelry must shut down for a month to repair flood damage.

Which of the following people is NOT occupying a car that would qualify as "your covered auto" on the declarations page of his Personal Auto Policy? A. Patrick borrows his neighbor's 45,000 pound semi truck to help his neighbor move. B. Sam is driving his BMW that he purchased 2 days ago and has not yet added to his insurance policy. C. Alex is driving a rental car while his own car is being repaired. D. George is driving his friend Ralph's car to the grocery store after getting Ralph's permission to drive it.

A. Patrick borrows his neighbor's 45,000 pound semi truck to help his neighbor move.

Which of the following statements about an optionally renewable health insurance policy is TRUE? A. The insurer may choose whether to renew or cancel coverage when the policy expires. B. The insurer has the option to cancel the policy only if certain criteria are met. C. The insurer agrees to maintain insurance coverage until the policyholder reaches a certain age. D. The insurer may increase the premiums over the life of the policy.

A. The insurer may choose whether to renew or cancel coverage when the policy expires.

During a thunderstorm, lightning struck the outdoor TV antenna in Kacy's backyard and fire spread to her home. The antenna was destroyed, Kacy's home suffered fire damage to the structure, and she lost most of her living room furniture and appliances. Which of these losses would fall under Coverage B of her farm policy? A. The outdoor antenna B. The furniture and appliances C. The damage to the structure D. The damage to the structure and the furniture and appliances

A. The outdoor antenna

In a PAP, Personal Injury Protection:

A. applies to covered injuries before any available Medical Payments coverage.

The Unfair Claims Settlement Practices Act is intended to ensure that: A. claimants are treated fairly by insurance companies. B. policyholders are treated fairly by the government. C. insurance companies are treated fairly by claimants. D. insurance companies are treated fairly by the government.

A. claimants are treated fairly by insurance companies.

Liam, an adjuster for KLM Insurance, is inspecting hail damage on Ken's property. Once his investigation is complete, Liam tells Ken that his final settlement amount is $5,500, writes him a check, and closes the claim. In order to save his employer money, Liam did not tell Ken that he has a Replacement Cost endorsement and can recover the depreciation after he completes repairs. Liam has just: A. engaged in misrepresentation. B. fulfilled his fiduciary duty to KLM Insurance. C. fulfilled his adjuster duty to KLM Insurance. D. engaged in settlement padding.

A. engaged in misrepresentation.

A Florida company that is assigned to "Tier 1" for coverage under FWCJUA must pay: A. rates that are 25% higher than voluntary market rates. B. 50% of policy premiums upon issuance of the policy. C. rates that are 50% higher than voluntary market rates. D. 75% of policy premiums upon issuance of the policy.

A. rates that are 25% higher than voluntary market rates.

In a Dwelling policy, Coverage A provides protection for: A. structures attached to the principal dwelling. B. land surrounding the principal dwelling. C. construction tools left outside next to the building. D. a detached garage.

A. structures attached to the principal dwelling.

The primary difference between a Claims-Made CGL form and an Occurrence CGL form involves: A. the coverage trigger. B. the insuring agreement. C. the deductible. D. the limits of insurance.

A. the coverage trigger.

Which of the following is not true of arbitration

Arbitration may allow evidence that a court would not

While Andrea was grocery shopping in BB Mart, the large Dairy sign fell off the wall and landed on her. Because of her extensive injuries, Andrea sued BB Mart and was awarded $375,000 in damages. BB Mart's Commercial General Liability policy has a general aggregate limit of $1,000,000 and a per occurrence limit of $300,000. How much will BB Mart have to pay out-of-pocket in this case? A. $300,000 B. $75,000 C. $375,000 D. $0

B. $75,000

Ava owns a duplex by the beach, which she rents out in the summer.She has a Flood insurance policy, which covers her duplex at: A. Replacement Cost. B. Actual Cash Value. C. Guaranteed Value. D. Agreed Value.

B. Actual Cash Value.

Which of the following statements about Flood insurance is TRUE? A. The Standard Flood Policy excludes coverage for detached garages. B. Adjusters who want to adjust flood claims must be NFIP certified. C. The Standard Flood Policy includes coverage for lawns, shrubs, and pets. D. Adjusters who want to adjust flood claims must complete continuing education about NFIP claims every five years.

B. Adjusters who want to adjust flood claims must be NFIP certified.

Which Commercial Auto endorsement can provide liability, medical payments, physical damage, and UM/UIM coverages for a specific named individual who does not own his own car? A. Lessor — Additional Insured and Loss Payee B. Drive Other Car C. Individual Named Insured D. Named Individuals Broadened PIP

B. Drive Other Car

Wyatt, an employee of Expert Arbor Service, was pruning a tree in Janelle's back yard when he incorrectly cut a large limb, sending it crashing down on her house. The limb broke a window and damaged her siding. This damage would be covered under: A. Janelle's homeowners liability coverage B. Expert Arbor Service's CGL under Operations liability C. Expert Arbor Service's CGL under Products and Completed Operations liability D. Wyatt's personal liability coverage

B. Expert Arbor Service's CGL under Operations liability

Sydney has just heard that several residents of a nearby town have gotten sick after eating her green beans. What type of insurance coverage will protect Sydney in this case? A. Custom Farming Liability B. Farm Product Liability C. Farm Employees Liability D. Farm Pollution Liability

B. Farm Product Liability

Jerry bought a new policy on his Florida home two months ago. Now he is 30 days late in paying his monthly premium, and his insurer wants to cancel his policy. Which of the following is TRUE? A. Jerry's insurer must wait an additional 60 days before cancelling the policy. B. Jerry's insurer may cancel his policy, but must notify Jerry about the cancellation at least 20 days in advance. C. Jerry's insurer may cancel his policy, but must notify Jerry about the cancellation at least 10 days in advance. D. Jerry's insurer may not cancel coverage until they receive notification from Jerry about his desire to cancel the policy.

B. Jerry's insurer may cancel his policy, but must notify Jerry about the cancellation at least 20 days in advance

Which of the following is mandatory for drivers in the state of Florida? A. Collision coverage B. Personal Injury Protection C. Medical Payments coverage D. Uninsured/ Underinsured Motorist coverage

B. Personal Injury Protection

Rebecca has Collision coverage in her Personal Auto Policy. After a collision, the adjuster determines that Rebecca's car is totaled. How much is Rebecca likely to receive from her insurer (ignoring the deductible)? A. An amount equal to the price of a current year's model of her vehicle B. The actual cash value of her vehicle C. An amount equal to the total cost of repairs plus the salvage value of her vehicle D. The value of a current vehicle that is functionally equivalent to her vehicle

B. The actual cash value of her vehicle

XYZ Shipping is about to undergo another long voyage across the Pacific and wants to insure their cargo so that if anything goes wrong with the trip, the full amount of the policy will be paid in the event of a total loss. XYZ Shipping is needing their policy written on a/an __________ basis. A. freight value B. valued C. actual cash value D. unvalued

B. Valued

When a series of destructive tornadoes whips through Graceville, FL, the city is overwhelmed and insurers cannot find enough adjusters to work all the claims. The Florida Dept. of Financial Services allows the insurers to employ emergency adjusters to help process claims. These adjusters will be allowed to: A. adjust claims for as long as their employing insurers need them. B. adjust claims for 180 days (or longer if needed). C. work without their liability falling on another party, such as a sponsoring insurer. D. operate for the remainder of the year under their emergency adjuster licenses.

B. adjust claims for 180 days (or longer if needed).

In a personal auto policy, the Miscellaneous Vehicle Coverage endorsement: A. provides extra coverage for customized equipment added to a covered vehicle. B. allows coverage to be added for motorcycles and motor homes. C. allows coverage to be suspended for brief periods on non-primary vehicles. D. adds coverage for physical damage caused by the insured when driving any non-owned vehicle.

B. allows coverage to be added for motorcycles and motor homes.

An adjuster's preliminary claim report should: A. list all of the evidence of the claim. B. establish a claim reserve. C. update the insurer every 30 days with any new or important information. D. list the disposition of the claim.

B. establish a claim reserve..

Ian has started his own health insurance company online. Because of the low premiums he offers, he's been selling a lot of policies and collecting a lot of money from people who think they're getting a great deal on their insurance. However, he won't pay any claims and he will shut down the website and disappear when people start to get suspicious. Ian is committing: A. staged fraud. B. health insurance fraud. C. insurer fraud. D. soft fraud.

B. health insurance fraud.

Insurable interest allows Rick to take out an insurance policy on all of the following EXCEPT: A. his ten-year-old car. B. his favorite restaurant. C. his vacation home. D. his new fishing boat.

B. his favorite restaurant.

An umbrella liability policy: A. only covers what the base policy covers. B. may cover risks not covered in an underlying policy. C. can't act as a primary policy. D. won't cover professional liability.

B. may cover risks not covered in an underlying policy.

Which item would be MOST likely to be covered by Inland Marine policy? A. A forklift B. An airplane C. A ship D. A gas pipeline

C. A ship

James owns a candy company and is insured by a Commercial General Liability policy. He has just created a new product and is wanting to let everyone know. He goes online and finds a picture of Bugs Bunny holding a carrot. Using his photo editing software, he replaces the carrot with his own product, prints up a few small ads and places them in the local newspaper. Three weeks later, he receives a notice that he is being sued for copyright infringement. This is an example of what type of claim? A. Public Domain Protection B. Libel and Slander C. Advertising Injury D. Malicious Prosecution

C. Advertising Injury

A professional liability insurance policy is designed to do which of the following? A. Provide indemnification for business interruptions B. Cover damage to office equipment C. Cover the costs of a lawsuit against a professional D. Provide bodily injury insurance coverage for employees

C. Cover the costs of a lawsuit against a professional

Which of the following topics would NOT likely be found in the Conditions section of the Standard Fire Policy? A. Preservation of property B. Subrogation C. Covered perils D. Proof of loss

C. Covered perils

A typical Ocean Marine Hull policy excludes coverage for damages due to: A. Lightning B. Piracy C. Employee strikes D. Fire

C. Employee strikes

What is the purpose of the Uninsured/Underinsured Motorist endorsement of the Business Auto Policy? A. The insured can extend the policy's PIP coverage to include specific people, such as an employee who doesn't have his own car. B. It adds coverage for medical injuries caused by accidents and includes the named insured and any relatives and household members. C. It covers losses caused by people who don't have liability insurance, or who do have it but don't have enough. D. It adds the insured's personal auto to the business policy.

C. It covers losses caused by people who don't have liability insurance, or who do have it but don't have enough.

All of the following statements are true of liability insurance, EXCEPT: A. Liability insurance protects the policyholder against damages she causes a third party. B. Legal liability does not have to be determined by a court of law before an insurer will pay. C. Liability insurance only indemnifies third parties. D. Liability insurance provides indemnification for the insured.

C. Liability insurance only indemnifies third parties.

Acme Insurance has entered into a contract to insure a small airline. This involves immense exposure, but also provides Acme with a lot of revenue. Acme wants to ensure that it will always be capable of paying any claims that might arise. What is the best way for Acme to do this? A. Establish a fraternal benefit society B. Join a risk retention group C. Purchase re-insurance D. Become a stock insurance company

C. Purchase re-insurance

Law and Ordinance coverage would pay for which of the following expenses? A. The legal costs an insured may face if for violating a law or ordinance. B. The increased cost to upgrade to meet new building codes during a remodeling project. C. The cost to upgrade repairs after a covered loss, if the upgrades are required to meet new building codes. D. The legal costs to defend an insured in a professional liability lawsuit.

C. The cost to upgrade repairs after a covered loss, if the upgrades are required to meet new building codes.

In the context of Inland Marine Insurance, a "bailee" is: A. an individual or company that ships goods by truck, train, boat, or plane. B. another name for a policyholder under a Personal Articles Floater. C. an individual or company who receives the property of another for a special purpose. D. an individual who leaves property in the care, custody, and control of another.

C. an individual or company who receives the property of another for a special purpose.

As an adjuster working claims for KLM Insurance, Beth is always honest, forthright, and mindful of protecting the financial interests of KLM Insurance. In doing so, Beth can be best described as fulfilling her: A. adjuster duty. B. due diligence. C. fiduciary duty. D. ethical duty.

C. fiduciary duty.

Oscar is applying for health insurance, and writes on the application that he does not smoke, even though he does have a few cigarettes each day. This is an example of: A. intimidation. B. coercion. C. misrepresentation. D. defamation.

C. misrepresentation.

Moriah's plane is damaged and is being towed to a repair facility. For the purposes of aviation insurance, her plane is: A. in motion. B. in transition. C. not in motion. D. in flight.

C. not in motion.

In a PAP, the Insurer's Right to Recover Payment basically reinforces the principle of: A. utmost Good Faith. B. indemnification. C. subrogation. D. insurable interest.

C. subrogation.

In which section of the standard Fire Policy would one find the following subsection titled: Duties of the insured after an Ocurrence?

Conditions

If an insurer decides to cancel a Personal Auto policy after it has been in effect for 60 days, the insurer must provide written notice to the insured __________ in advance. A. 3 months B. 72 hours C. 30 days D. 45 days

D. 45 days

In a typical property insurance policy, the coinsurance requirement states that the policy will only provide full coverage for partial losses if the limit of insurance is at least ____ of the property's value. A. 100% B. 90% C. 75% D. 80%

D. 80%

As an adjuster for ABC Insurance, what should be Bob's ultimate goal when he's adjusting a claim? A. Closing the claim as quickly possible B. A settlement that favors ABC Insurance C. A settlement that favors the claimant D. A fair and just settlement

D. A fair and just settlement

DEC Construction is completely remodeling Randall's department store. DEC Construction is in charge of the project, but hires Mac Electric (an independent contractor) to complete the electrical work, and requires Mac to have Owners & Contractors Protective Liability for the job. Who retains ultimate control over this policy? A. Randall's B. Mac Electric C. Randall's and Mac Electric D. DEC Construction

D. DEC Construction

Joey recently hurt his hand while unpacking a crate at work, and he has been enjoying a rest from work while he receives Temporary Total Disability benefits through Workers Compensation. Which of the following scenarios would cause Joey's benefits to end? A. Joey's company experiences hardships and has to lay off numerous employees. B. The company Joey works for comes under new management. C. Joey's doctor tells him he should be able to return to work in 2 weeks. D. Joey's doctor determines that Joey is capable of returning to work, but Joey thinks he has fibromyalgia, so he elects not to go back to work.

D. Joey's doctor determines that Joey is capable of returning to work, but Joey thinks he has fibromyalgia, so he elects not to go back to work.

When a tornado rips through town, it partially destroys Mark's home, forcing him to rebuild half of the structure. Originally, his home was built only of wood, but now there are new building codes in place that require ThermaSteel panels to increase the structural integrity of the building. This makes homes better able to withstand wind, but comes at an additional cost. Which additional coverage could help Mark with this added expense? A. Time Element Coverage B. Wind Fortification Coverage C. Business Interruption Coverage D. Law & Ordinance Coverage

D. Law & Ordinance Coverage

Which of the following people are practicing concealment? A. While completing his auto insurance application, Charlie states that he drives his vehicle 5,000 miles per year, but he actually drives more than 20,000 miles per year. B. Joey does not tell his insurer that he spends three months a year at his vacation home, leaving his primary residence vacant during that time. C. On Sonnie's auto policy application, she says her year of birth is one year earlier than it really is in order to qualify for a lower premium rate. D. Mandy is filling out a homeowners policy application and states that her roof is two years old, when it is actually 22 years old.

D. Mandy is filling out a homeowners policy application and states that her roof is two years old, when it is actually 22 years old.

Cindy doesn't have a car, but she frequently borrows her friend's car to run errands. Which type of insurance should Cindy purchase to provide her with liability coverage to protect her while driving her friend's car? A. Extended Operator Coverage B. Uninsured Motorist Coverage C. Miscellaneous Vehicle Coverage D. Non-Owner Coverage

D. Non-Owner Coverage

T erry is renting half of a duplex. During a severe storm, lightning strikes a tree in the front yard and causes a large portion of the tree to fall on Terry's side of the duplex. Which of the following losses will be covered by Terry's HO-4 policy? A. Terry's roof and front wall were damaged when the tree fell on the house. B. Removal of the tree and debris will cost hundreds of dollars. C. Terry's attached carport was damage when the tree ripped it from the side of the house. D. Terry's TV and entertainment system were damaged when the tree fell through the roof.

D. Terry's TV and entertainment system were damaged when the tree fell through the roof.

What is the main purpose of government regulation of insurance? A. To make sure people understand the importance of insurance B. To make sure insurance companies are profitable C. To make sure that losses are not the responsibility of the government D. To protect consumers

D. To protect consumers

In a Commercial Package Policy, interline endorsements: A. allow businesses to add more lines of insurance than are usually covered by a Commercial Package Policy. B. allow payments to be made under one line of coverage in the policy before a settlement is reached under a different line of coverage. C. apply to only one line of insurance within the policy. D. apply to at least two coverages or lines of insurance within the policy.

D. apply to at least two coverages or lines of insurance within the policy.

Temporary Total disability benefits: A. pay 90% of the injured worker's pre-injury AWW. B. expire after 52 weeks. C. kick in after an employee has been unable to work for 7 days. D. are based on the employee's impairment rating.

D. are based on the employee's impairment rating.

Jack is awaiting trial after his arrest, but he would rather wait at home than in jail. He cannot be let out of jail without a guarantee that he will show up to the trial, so he purchases a: A. contract bond. B. fidelity bond. C. fiduciary bond. D. bail bond.

D. bail bond.

The primary purpose of the Insuring Agreement is to specify the ____________ of an insurance policy. A. location B. damages C. policy period D. coverages

D. coverages

Homeowners policies don't provide coverage for: A. residential home damage. B. damage to outbuildings. C. liability in the case of third party injury. D. flood damage.

D. flood damage.

Part D of the Personal Auto Policy does NOT cover: A. earthquake. B. explosion. C. wind. D. freezing.

D. freezing.

Kerry's advertising business employs Meg to clean offices at night, and recently Meg slipped and fell at work, hurting her back. Kerry can be assured that workers' compensation insurance will provide Meg with: A. a lawyer to present her case in court. B. psychological counseling. C. a representative to help her get benefits from her union. D. medical benefits and lost wages.

D. medical benefits and lost wages.

Under a garagekeepers policy, which coverage would pay for a covered loss after the vehicle owner's personal insurance has paid up to its policy limits?

Direct Excess

Sue owns a nursery that grows and sells flowers and trees. When a hurricane destroys her greenhouse and her grow lights with it, Sue rents some grow lights to use in a temporary location until her greenhouse can be replaced. What commercial property insurance coverage might pay for this rental?

Extra Expense

Jill was forced to close her convenience store and evacuate of a strong hurricane tha hit her town. Jill was no allowed to reopen for 2 week

Extra expense

Stephanie is in the process of adjusting Georges's auto claim. Currently she is tryng to close the claim, but george is being uncooperative. he disagrees with the settlement amount that stephanie has offered and is demanding much more. at this point should do all of the following except:

Give George her supervisor phone number so he an escalate his complaint

What type of commercial auto policy would best suit a taxi company?

Motor Carrier policy

David's office assistant, Tina, is about to have a baby and will be gone for three months on maternity leave. While she is gone, David will need to hire someone to run the office, but only until Tina returns to work. According to the definitions in David's Commercial General Liability policy, which type of worker is he needing to hire? A. Leased Worker B. Temporary Worker C. Volunteer Worker D. Employee

Temporary Worker

Nina's home is located in a high crime neighborhood. One day, she comes home from work to find that her garage door has been vandalized and must be replaced. Nina's insurer pays her a $2,200 settlement for her claim. The insurer considers the settlement:

a loss.

In a Personal Auto Policy, the definition of "Your Covered Auto" can refer to any of the following vehicles, EXCEPT:

a trailer that Tim's neighbor let him borrow.

Darnell is applying for auto insurance with his agent. Currently, he only wants to get a minimal amount of coverage to keep his premiums as low as possible, so he decides not to include uninsured motorist coverage on his policy. His agent has him sign a document giving up his right to this coverage. What is this called?

an implied waiver

which coverage from provides the foundation for all commercial property policies

building and personal property coverage

the physical damage section of the bussiness auto policy incluides both collision and comprehensive covergare. which the following would be paid for by collision coverage?

damage vehicle caused by fire

Caitlin works as a driver for a local oil company.

extended non-owner

The A.M. Best rating system evaluates: A. consumers. B. insurers. C. Florida residents. D. the Commissioner of Insurance.

insurers

which the following is often coverage B in the business owners policy

machinery and equipment, maintenance property

Frank owns a front-loader that he uses in his construction business. Which endorsement would he need to purchase in order to include this vehicle as an "auto" under his BAP?

mobile equipment

A basic DP-1 dwelling policy offers ________________ coverage and ____________________valuations

name peril, actual cash value

Every driver in Florida must carry $10,000 of _____ and $10,000 of ______ in order to operate a vehicle legally in the state. A. PIP; UM/UIM B. property damage liability; PIP C. bodily injury liability; property damage liability D. PIP; bodily injury liability

property damage liability; PIP

While reviewing a homeowner policy, you may find all of the following listed as an insured's duty after a loss, EXCEPT: A. protect the property from further losses. B. cooperate with the adjuster's investigation. C. promptly notify the insurer of the loss. D. provide the insurer with a loss estimate from an appraiser.

protect the property from further losses.

Frank has been in four accidents in the past three weeks and his insurer has given him notice of cancellation according to the provisions in his Personal Auto Policy. Since Frank is essentially uninsurable when it comes to auto insurance, where can he turn to find the coverage required by law?

residual market program

Aces inc. has fidelity bond contract with xyz insurance, whereby

surety

Which the followung people would not qualify as an insured under a BAP

the policyholder spouse.