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
