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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?


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