please lordy help me pass this exam

Two men are partners in a moving company. They have two trucks used to move property of others. They should insure their trucks under a

Business auto policy

Which of the following elements of an insurance contract requires payment of premium

Consideration

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

Court costs assessed against the insured in a suit

Coverage C in homeowners policy forms offers all of the following EXCEPT

Coverage for loss of use

Which of the following perils is NOT covered the DP-2

Damage to pets, birds or fish

Which of the following would NOT generally be included in the supplementary payments portion of a liability policy?

Damage to property owned by the insurance

Loss valuation is best described as the process of

Determining the premium charged and the amount of insurance required on a certain property

If a fire erupts in the kitchen and spreads to the upstairs bedroom, resulting in the destruction of furniture, what type of loss has occured

Direct

An executive is accused of sexual harassment. What type of coverage would respond?

Employment practices liability

To have insurable interest in the person or property insurance policy, which of the following potential risks must the policyowner face?

Financial loss

What types of injuries could incur additional penalties and/or increased benefits paid by the employer?

The employer's willful failure to provide required safety googles

Although a busineessowner policy (BOP) will cover fire damage legal liability, which of the following statements is true

The general aggregate does not apply to fire damage legal liability

All of the following are true about the cancellation provision of a commercial insurance policy EXCEPT

The insurer is required to provide proof that the insured received the cancellation notice prior to cancelling the policy

Which of thee following is most likely INELIGIBLE for coverage under the businessowners policy?

a bank

How does insurance distribute the financial consequences of individual losses?

it transfers the risk to all person insured

A home is insured for $200,000 under an H0-3 Last Week. The owner purchased a new home and began to move his personal property to the new residence. Last night, vandals did $8,000 of damage to the property that had been moved to his residence. Disregarding any deductible how much will the H0-3 pay?

$8,000

An insured was told to leave his home because of endangerment by a brush fire that was out of control. The insured was able to have his personal property moved to storage away from the endangered area. For how long will the homeowners policy provide coverage for the store property?

30 days

In a personal auto policy (PAP), a covered auto includes all of the following EXCEPT

A van used in the delivery business

Which of the following statements is CORRECT regarding business income coverage under the businessowners policy (BOP)

The business income losses are payable for 12 consecutive months following the occurance

Which of the following is FALSE, concerning liability coverage of a business auto policy?

The company will reimburse the insured for all loss of earnings

Which of the following provisions is usually found in homeowners policies and provides a replacement cost settlement to policyholders who carry adequate insurance

Insurance to value

Which of the following describes an insurer's responsibility for payment under a policy, as stated in the common policy provisions?

Limits of Liability

With respect to the commercial package policy, an interline endorsement is one that

May apply to more than than one line of insurance that is included in the package

Which of the following is the other major coverage provided by the businessowners liability coverage form

Medical payments

Which statement best describes agreement as it relates to insurance contracts??

One party accepts the exact terms of the other party's offer

Which of the following would be covered under a building and personal property coverage form?

Outdoor sign

What sublimit in a liability policy sets the maximum amount that will be paid for all claims arising from a single accident?

Per occurrence

The defendant being released on a surety bail bond is the

Principal