Another set bc im stupid 🙋🏻‍♂️

The personal property of premises extension of a dwelling forms Provides limits of coverage up to

10% of coverage C, anywhere in the world

Within how many days must a producer inform a commissioner when they are in trouble with the law

30 days

A producer continues to use and unapproved tradename 10 days after the commissioner asked them to stop What is the maximum fine

5,000

Mobile home owners want to move their home to get away from certain perils what is the maximum amount that the insurance will pay

500$

With regards to a homeowners policy which does not meet the definition of an insured Location

A plot of farmland owned or rented by the insured

Homeowners policies consider all of the following insured locations Accept

A strawberry patch owned by the insured (Insured location cannot include farmland or any premises use for business)

In a personal auto policy A covered auto includes all of the following except

A van used in the delivery business (If used primarily for deliveries a PAP I cannot ensure the vehicle)

The commercial crime coverage that would cover if an employee stole from the Company

Employee theft

What is true concerning A workers compensation And employers liability policy

Exposures in states listed on the information page are covered

The broad cause of loss form in the commercial property policy Contains three perils

Falling objects weight of snow ice and sleet and water damage (utility services are excluded)

He scheduled personal property endorsement will be used to insure

Higher limits of coverage for finer art items

And insured has lost some property and has no idea where it is which policy would cover

Ho5

Which form ensures both buildings and personal property I want an open peril basis

Ho5

What is not found in the common policy declarations Of a commercial package policy

Insuring agreement

What is the difference between interstate and intrastate truckers

Intra-state drivers operate only within the boundaries of a single state Interstate drivers drive across state lines

Which commercial property form provides Coverage for the insured's legal liability for a property in his or her care Custody or control

Legal liability

Which of the following covers the interest of the secured lender in a Personal property

Loss payable clause

A company has A guard dog someone walks by the dog barks at them the person claims that they are emotionally scarred why will a commercial general liability policy cover this claim

Mental anguish is a covered injury

What does HO3 personal property not cover

Mysterious disappearance of property

You open your locked safe this morning and find that there is $4000 worth of property missing with no signs of forced entry How much does your safe burglary policy pay

Nothing (unless there are signs of forced entry)

The extended non-own coverage Provides protection to

Only the person named on the policy

A farm owner policy is usually what type of policy

Package policy

The deductible under earthquake coverage is stated as what

Percentage of loss

The commercial general liability coverage party A -Bodily injury and property damage provides coverage for which of the following

Premises

Which of the following types of property is not movable

Real property

If an insured purchases a policy with a large deductible What wrist technique is the insured taking

Retention

An agents license must not be revoked or suspended for

Sharing commissions with another agent

In contrasting stock insurers with mutual insurers, which statement is true?

Stock insurers are owned by the shareholders and issue nonparticipating policies

Coverage b personal and advertising injury liability respond to claims arising from

Suits aligning infringement or copyright

Which is false concerning Liability coverage of a business auto policy

The company will reimburse for all loss of earnings

When does the insurers duty to defend a suit or claim end In a commercial general liability policy

When loss payments equal the applicable limit of insurance

Under coverage C and At the request of an insured Personal property of a guess and a residence employee is covered

While it Is in any residence premises occupied by the insured

Among people in the same class and life expectancy Which of the following factors can be used to influence premium rates

occupation

Policy limits are the maximum amount an insured may collect, or for which an insured is protected under the terms of the

policy

What are the types of compensatory damages

specific damages, general damages and aggravated damages

A house insured under a homeowners policy has been blown off of its foundation by a tornado it must be demolished and moved to make way for a new house which of the following is true about debris removal

An additional 5% of the policy limit may be paid for debris removal

A general liability policy will respond to claims when bodily injury or property damage Is caused by

And insured's negligence

And appliance manufacturers in the United States makes a product. Someone in another country is injured using the product Why would the commercial general liability policy cover the claim

Because it was made in the United States

Equipment breakdown coverage does not cover

Bodily injury liability

elements of insurable interest are?

Business. Blood. Financial

And insured's home catches fire as a result the family has to live in a motel The cost of the motels stay would be considered a

Consequential loss

Legal defenses against a claim

Contributory negligence assumption of risk and intervening cause

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

Court costs assessed against the insured in a suit

Which of the following coverage options is included in DP2 and 3 but not dp1

Coverage E Additional living expenses

If an insurance policy has the additional coverage provision how does it affect the policy premium?

There is no additional premium

What is the purpose of the ordinance or law coverage endorsement

To remove the exclusion of losses resulting from ordinances or laws

Which of the following is not part of section 2 of the boat owners policy

Watercraft damage (Section 2 covers liability Physical damage to the watercraft is covered under section 1)

If a car is stolen and left in the snow and the radiator freezes over and causes damage will that be covered By an auto policy

Yes freezing exclusion is covered if the car is stolen