exam missed 2
only the person(s) named on the policy
the extended nonowned coverage provides protection to
principal
the defendant being released on a surety bail bond is the
real property
which of the following types of property is NOT moveable?
physical, moral, morale
what are the types of hazards?
spouses of officers and stockholders
a corporation is insured under a commercial general liability (CGL) policy and is named in a lawsuit to recover expenses for bodily injury and property damages from a claim. the insurance company is obligated to provide coverage for all of the following named in the suit EXCEPT
coverage for loss of use
coverage c in homeowners policy forms offers all of the following EXCEPT
an insured's 14-year-old son was throwing rocks at the neighbor's house and broke several windows
coverage e (personal liability) and/or coverage f (medical payments to others) would respond to a claim arising from all of the following situations EXCEPT
be reduced by 10%
in a dp-1, if the insured elects to apply coverage b to a detached garage, coverage a will
ho-5
which form insures both buildings and personal property on an open peril basis?
the insured's limit of liability is 25% of the sum of the direct loss payment plus the deductible amount
which of the following statements is correct regarding the debris removal coverage under the BOP?
physical damage on a customer's auto
the garage coverage form is written to cover the insurance needs of an insured in the business of selling, repairing, servicing, or storing automobiles. which of the following coverages are not included in a garage policy?
absolute liability
the obligation to compensate injured workers without regard to fault or negligence is known as
smooth limit
what do you call a limit of liability offered as a combined single limit of coverage for all bodily injury to passengers and nonpassengers of an aircraft and property damage?
the employer's willful failure to provide required safety goggles
what types of injuries could incur additional penalties and/or increased benefits paid by the employer?
in the state workers compensation law itself
when reviewing a standard workers compensation and employers liability policy, the limits of coverage are described in part one of the policy. the dollar limits of the benefits are stated
business auto coverage
which of the following commercial auto coverages provide protection for most commercial auto exposures except truckers, garages, and motor carriers?
professional liability
which of the following is NOT available in a package policy?
condominium unit-owners coverage form
which coverage form insurers the owner's personal property in condominiums?
section ii with no deductible
an insured's child ran into a neighbor's planter on their bicycle and broke the planter and ruined the plants. the cost to replace the planter was $400, and the cost to replace the plants was $100. which section of the insured's homeowners policy would pay?
damages claimed by third parties
employers liability coverage under a workers compensation policy includes
riot
for an additional premium, the extended coverages written on the basic form dwelling policy would cover which of the following?
a valued contract
if the ocean marine contract insures the property for an amount agreed to by the insured and insurer at the time the contract is made, it is considered
stock insurers are owned by the shareholders and issue nonparticipating policies
in contrasting stock insurers with mutual insurers, which statement is true?
policy
policy limits are the maximum amount an insured may collect, or for which an insured is protected under the terms of the
$1,000
unless additional coverages are added to the businessowners policy (BOP), the maximum amount of coverage on an outdoor sign attached to a building is limited to
sue and labor
which clause of a hull policy says that if the insured does not take immediate steps as soon as possible to minimize the loss and protect the property from further loss, the coverage may be invalidated?
builders risk
which commercial property form is used to insure buildings while under construction?