license test
Neither the government, nor the insurers are responsible for paying out more than _____ for TRIP-covered losses each year. $80 billion $100 trillion $80 trillion $100 billion
$100 billion
Melanie's $300,000 home suffers $90,000 in damage from a fire. The adjuster finds the home's value since 2008 has depreciated 25%, making the ACV loss $67,000. Although Melanie's policy covers repairs at their replacement cost, she receives $67,500 at the time of loss. Repairs to her home end up totaling $79,500. How much, if any, further indemnification may Melanie receive from the loss? $12,000 $0 $10,500 $22,500
$12,000
Sue owns a home and property valued at $600,000. In order to be considered "fully insured," Sue would have to insure the home for at least $700,000 $600,000 $300,000 $480,000
$480,000
Jamie's PIP limit is $10,000, and it covers 100% of medical expenses and 60% of lost wages. After a bad car accident, Jamie incurs $5,000 in medical expenses and misses two weeks of work. If she makes $1,000/week, how much will Jamie's insurance pay for her injury?* $5,000 $6,200 $1,200 $5,600
$6,200
George owns a shipping company that transports goods all over the world. While sailing across the Atlantic, a mighty storm gathers and his vessel sustains $700,000 worth of damage. Assuming the ship had a $550,000 franchise deductible, how much of the damages would George's policy cover?* $700,000 $150,000 $550,000 $0
$700,000
Jesse's home is worth $200,000 and he has a homeowners policy with a $160,000 limit. After a covered loss, Jesse is left with a total of $10,000 in damages. Assuming the insurer requires the standard 80% level of insurance for coinsurance purposes, and ignoring any deductibles, how much will Jesse receive in indemnification? 10,000 8,000 9,500 None
10,000
Roxanne's house is struck by lightning during a thunderstorm, which results in $10,000 in covered damage to the structure and $2,800 in covered damage to her personal property. Roxanne's homeowners policy has a fixed deductible of $1,200. How muc can she expect to receive in her settlement from her insurer for this claim? 8,800 11,600 1,200 12,800
11,600
Driving home on night, Jeff runs a red light and crashes into another car, injuring all three passengers, Clair, John and Richard. Clair suffered $25,000 in injuries, John $45,000, and Richard suffered the most at $62,000. Assuming Jeff's liability policy limits are set at 550/75, how much, if any will Jeff be required to pay for the passengers injuries? 132,000 0 62,000 12,000
12,000
James owns a masonry business and has a commercial liability policy with the following liability limits. $150,000 per occurrence/ $500,000 per policy term. While at a job site, his cement truck's chute cannot reach the pour site, so the operator adds to extra chutes, extending its length. The chute collapses under the weight of the concrete, causing $35,000 in injury to one of the workers. The loss is covered by the policy, and James' insurer pays the claim. What will the new limits be for the remainder of the policy term? 150,000/465,000 115,000/465,000 115,000/500,000 150,000/500,000
150,000/465,000
Nicole swerves to avoid a deer in the road and crashes into a guardrail. She causes $2,400 in damages to her car. How much might Nicole expect to receive from her insurance company if she has a fixed deductible of $500 on her auto insurance? 500 2,400 1,400 1,900
1900
Under Section 7, Grounds Relied Upon For Application For Written Consent, the 1033 waiver application requires ________ a signed affidavit from the potential insurance employer a certificate of rehabilitation from an accredited rehabilitation facility 3 letters of recommendation a detailed account of all community service performed after rehabilitation
3 letters of recommendation
In order to be considered fully insured, Nikki must have at least a $480,000 limit on her homeowners policy. Assuming her insurer imposes the standard coinsurance requirement, what is the value of Nikki's home 520,000 480,000 384,000 600,000
600,000
Janine is in a car accident that is covered by her Personal Auto Policy. What information does Janine NOT have to submit to her insurer? A List of the witnesses of the accident A proof of loss, when requested The report from a damage appraisal Medical bills from the collision
A List of the witnesses of the accident
Because of the lack of a bailee agreement, which of the following establishments would NOT be held liable for damages to a vehicle while in the business' care? A body shop A public parking garage A muffler and exhaust garage A transmission repair shop
A public parking garage
Which of the following statements is FALSE? Flood insurance can be purchased through private commercial insurance companies Flood insurance is always backed by the National Flood Insurance Program Condominium associations can purchase flood insurance All flood insurance policies are settled on an ACV basis
All flood insurance policies are settled on an ACV basis
Which of the following statements is FALSE? An agent may represent more than one party. An agent is authorized to act as a representative of another party An agent always has a fiduciary duty to defend the claimant. An agent's actions are construed as those of the party she represents.
An agent always has a fiduciary duty to defend the claimant.
From the point of view of an insurer, which of the following is a risk? An insured automobile A thunderstorm A large tree growing next to a house A hurricane
An insured automobile
In order to adjust claims for the NFIP, adjusters must meet several requirements. Which of the following is NOT one of these requirements? Attend an NFIP claims presentation every 3 months Have at least 4 consecutive years of full time property loss adjusting experience Attend a NFIP claims presentation annually Be NFIP certified
Attend an NFIP claims presentation every 3 months
Claude is an independent adjuster working on a claim. He overhears the claimant say that she wants to hire a good attorney in case she's dissatisfied with the settlement. Claude's brother-in-law is an attorney, so Claude recommends his brother-in-law's services to the claimant at the end of the day. Which of the following is true? Claude has engaged in an Unfair Claims Settlement practice. Claude could be fined $3,000 for his actions. As long as Claude doesn't receive a kickback from his brother-in-law, there is nothing wrong with his actions in this situation. Claude has violated the Adjuster Standards of Conduct.
Claude has violated the Adjuster Standards of Conduct.
As Paul is driving up to the mountains to do some hunting, a deer sprints out in front of him. He strikes the deer, causing $5,000 in damages to his truck and $1,000 in injuries to himself. What insurance coverage would pay for the damage to Paul's truck? PIP Collision Liability Comprehensive
Comprehensive
Which of the following is NOT a reason why litigation is considered a "last resort" for the insurer? Courts and laws favor litigation to negotiation It is unpredictable because control is a relinquished to a potentially prejudiced jury The insurer's reputation may be at stake It is an expensive process
Courts and laws favor litigation to negotiation
Susan accidentally rear-ended Dana in an auto accident and caused Dana several thousand dollars in injuries and damages. Susan's insurer offered Dana a settlement, but Dana felt the amount was too low, and after negotiations failed, the case ended up in court. Who is the claimant in this scenario? Susan's insurer Dana Susan The state
Dana
Which section of a PAP would include a provision allowing the insured to suspend coverage on a vehicle for an extended amount of time? Conditions Declarations Part B Endorsements
Endorsements
Sam works on commission only, selling only insurance products from XYZ Insurance. What type of agent is Sam? Exclusive agent Independent sales agent General agent Direct writer
Exclusive agent
In which report to the principal would an adjuster include all witness statements and other supporting evidence, in addition to the total settlement amount? Settlement report Final report Preliminary report Interim report
Final report
Ben's automobile was struck by another driver, Roxanne. Ben files a claim with Roxanne's insurer, who accepts the claim. Ben signs a release form and is issued a check that covers the damage to his car. Which settlement type would this fall under? Advance payment Full release settlement Partial release settlement No release settlement
Full release settlement
Antonia lives in a 560 square foot mobile home that is only 20 feet wide. She also has a detached garage. When Antonia's house is damaged by a flood, she hopes that she might be able to receive a Special Loss Settlement. Why isn't Antonia eligible for a Special Loss Settlement? Special Loss Settlements only apply to condominiums Her home is less than 25 feet wide Her principal residence is a mobile home Her home has fewer than 600 square feet
Her home has fewer than 600 square feet
Which of the following would NOT be covered under Medical Payments/PIP coverage in a BAP? Injuries to the named insured's employees Injuries to the named insured Injuries to the named insured's roommate Injuries to the named insured's relatives
Injuries to the named insured's employees
Jim is currently working on a property damage claim, gathering evidence, reviewing police reports, and interviewing witnesses. In which stage of the claim adjusting process is Jim currently working? Resolution Investigation Negotiation Evaluation
Investigation
Which of the following is NOT among the reasons why insurers seek to avoid litigation? It invariable harms the insurer's reputation Juries might be prejudiced against insurers It is expensive It is unpredictable
It invariable harms the insurer's reputation
Which of the following is NOT true of the Company's Options provision in the standard fire policy? It allows the insurer the choice of whether to repair, rebuild, or replace damaged property. It mandates that the insurer notify the claimant of its choices within 30 days of receiving required proof of loss It stated that the insurer may choose whether to take all, or part, of the damaged property at the agreed or appraised value It requires the insurer to settle the claim, in whichever manner it chooses, within 30 days of receiving notice of the claim.
It requires the insurer to settle the claim, in whichever manner it chooses, within 30 days of receiving notice of the claim.
Bodily Injury Pending." It's also called an "Open-Ended Release."
It's also called "Payment of Property Damage
When record-breaking rainfall causes severe flooding in Janie's home town, Janie's rental property suffers extensive damage. Which of the following is an indirect loss? Janie loses a month of rental income when her tenant must move out while repairs are made to the home. Janie must hire a contractor to reinforce a damaged retaining wall in the backyard of her rental unit. Janie's tenant has to replace his sofa that was damaged by the water. Janie must pay to have the wood floors replaced in her rental unit.
Janie loses a month of rental income when her tenant must move out while repairs are made to the home.
Nancy and Drew borrow Joe's car so they can have a picnic at the old water tower. On their way to the picnic, Drew accidentally rear-ends Mr. Jackley, causing $2,900 in damage. Whose liability insurance will pay first for the damages? Mr. Jackley's Joe's Drew's Nancy's
Joe's
Joe's homeowners policy has a single limit of $150,000 for bodily injury liability coverage. One day, Joe's friend was injured in an accident on Joe's property, and the medical bills came to $15,000, which were covered by Joe's homeowners policy. Which of the following is TRUE?* Joe's aggregate limit has been reduced by $15,000, but the per occurrence limit is unchanged. Joe's policy now has $135,000 available for bodily injury liability coverage. Joe's per occurrence limit has been reduced by $15,000, but the aggregate limit is unchanged. Joe's policy still has $150,000 available for bodily injury liability coverage.
Joe's policy still has $150,000 available for bodily injury liability coverage
Which of the following is true? Kevin's insurance policy covers him for losses to his new car, even though he sold his truck, which was previously covered under his policy, to Bill Kevin's auto insurance policy now covers Bill, who bought Kevin's truck. Kevin's auto insurance policy protects his car from damage When Kevin sold his truck to Bill, he lost his auto insurance coverage.
Kevin's insurance policy covers him for losses to his new car, even though he sold his truck, which was previously covered under his policy, to Bill
Lacey owns a vacation home on a beach in North Carolina. It is 2,600 square feet and includes a finished basement. She'd like to buy flood insurance through the NFIP with replacement cost coverage. Why won't Lacey be able to purchase a replacement cost policy? Lacey's beach house is not her principal residence Lacey's home has a finished basement Lacey's home is more than 2,500 square feet The NFIP does not offer replacement cost policies
Lacey's beach house is not her principal residence
17 year old Luke backs into his neighbor Mark's car and causes $1,000 in minor damage. To teach him a lesson, Luke's parents make him give Mark his $600 savings to help cover the damage. However, Mark had already files a claim and received the necessary $1,000. Which of the following is TRUE? Mark can keep the excess money, but only if he uses it to pay his next PAP premium Luke actually needs to give the money directly to the insurer, not Mark Mark can keep the excess money and use it as he sees fit Mark must return the $600 to the insurer
Mark must return the $600 to the insurer
A recent flood caused $5,000 in damages to Maxwell's outdoor furniture and professional grade barbecue grill that he keeps on his patio. If Maxwell has a flood insurance policy with $25,000 of personal property coverage, which of the following statements is true? Maxwell's flood policy will cover the flood damaged property, but only up to $2,500 Maxwell's insurer will pay nothing for this loss, because the damaged property was not inside a building Maxwell's insurer will pay $5,000 to indemnify him for his damaged property Maxwell's insurer will pay nothing for this loss, because the damaged items are not considered personal property
Maxwell's insurer will pay nothing for this loss, because the damaged property was not inside a building
Stan has a personal auto policy to cover his two vehicles, but he recently purchased a custom built motorcycle as well. Which type of endorsement will Stan need to cover the motorcycle? Customized Equipment Endorsement Motorcycle Endorsement Miscellaneous Vehicle Endorsement Two-wheeled Vehicle Endorsement.
Miscellaneous Vehicle Endorsement
Which of the following is NOT a duty of a captive agent? Representing the insurer Servicing policies Negotiating Settements Selling insurance policies
Negotiating Settements
Jim is currently working on a liability claim, and has completed his investigation. He presents his findings to the claimant, who disagrees with the settlement offer. Into which stage of the adjusting process is Jim about to enter? Claim evaluation Negotiation and resolution Claim reporting Determining liability
Negotiation and resolution
Distracted by his girlfriend Mary, Jared runs a red light and crashes into another car. Everyone involved in the wreck has Personal Injury Protection. Although Jared is fine, Mary gets sever whiplash. In the other car, the driver Amy suffers permanent scarring on her face, while her passenger Alexandra gets a broken leg and the other passenger Adam is left with a concussion. Who can sue Jared? Alexandra & Adam Mary No one Amy
No one
Tom doesn't own a car and usually borrows his roommate Marie's car when he needs to drive somewhere. Since he borrows the car so frequently, he has decided that he should get some coverage. Which endorsement is the best fit for Tom? Additional Resident of Your Household Non-Owner Coverage Extended Non-Owned Coverage Miscellaneous Vehicle Coverage
Non-Owner Coverage
Dennis was injured when Ruby rear-ended his car while he was stopped at a red light. Which of the following would NOT be a duty that Ruby's liability insurer may require of Dennis? Authorize access to his medical records Submit to a physical examination Promptly report the occurrence to his insurer Provide proof of the accident
Promptly report the occurrence to his insurer
Eileen has been the victim of libel and slander. She decides to take the culprit to court and is awarded damages. Which type of damages best describes those awarded to Eileen? BAP Liability No-Fault Damages Medical Payments Punitive Damages
Punitive Damages
Louise's car is severely damaged during a storm when a tree falls on it. What is NOT one of her duties as an insured? Authorize the insurer to obtain pertinent records Protect the car from further damage Report the loss to the police Allow the insurer to inspect the car and appraise the damage
Report the loss to the police
While at work, Barry suffered a spinal cord injury in a forklift accident. His employer's insurer settled the claim and paid all of Barry's initial medical bills, but it also agreed to continue to pay for his weekly visits to the rehabilitation therapist. Which settlement option did Barry receive? Advance payment Partial release Scheduled payment release Full release
Scheduled payment release
Greg has two limits listed on his homeowners policy for liability coverage, one for bodily injury and one for property damage. Each limit applies on a per occurrence basis. What type of limits are these? Aggregate limits Situational limits Split limits Single limits
Single limits
Bob owns a garage. He routinely has customer vehicles in his shop for extended periods of time while he services and repairs them. Which coverage symbol in his garage-keepers policy pertains to the coverage that Bob is required to have to protect the vehicles left in his care? Symbol #27 Symbol #21 Symbol #30 Symbol #29
Symbol #30
In order for the contents of a home to qualify for flood insurance protection, which of the following conditions must be met? The contents must be located in a fully enclosed building The contents must not be covered by any other insurance At least 25% of the contents must be waterproof The contents must be worth less than $5,000
The contents must be located in a fully enclosed building
In insurance terms, which of the following statements about salvage is FALSE? The insured may compel the insurer to take the damaged property to keep the salvage value from being deducted from the claim settlement. The insurer may choose how to handle salvage, depending on the policy The insurer may take ownership of damaged property after paying the claimant for a total loss The insurer may deduct the salvage value from the amount paid to the claimant for the loss.
The insured may compel the insurer to take the damaged property to keep the salvage value from being deducted from the claim settlement.
and ABC Masonry must pay $50,000
The insurer pays $100,000
Which of the following is NOT a characteristic of a full release settlement? The insurer pays an immediate, single lump sum to the claimant All damages are paid at once The insurer pays for certain future "incidentals" related to the claim The claimant signs a Full Release Form
The insurer pays for certain future "incidentals" related to the claim
According to the Mortgagee Clause, what is NOT one of the rights of the mortgagee? The mortgagee may receive a portion of claim payments The mortgagee may change the coverage amount The mortgagee may be indemnified, even in the event of fraud by the insured The mortgagee will be notified if the insurer intends to cancel the policy
The mortgagee may change the coverage amount
Which of these is NOT an essential detail for an adjuster to include in a loss report? The policy deductible The policy number The policy premium The policy limit
The policy premium
Which coverage under a Trucker's policy covers damage to other people's trailers in the care of the insured for transport purpose? Direct Excess Trailer coverage Trailer Interchange coverage Trucker Liability coverage Motor Carrier coverage
Trailer Interchange coverage
During a storm, lightning strikes a tree in Harry's yard and starts a fire that spreads to his shed where he keeps all his equipment for his landscaping business. In addition to the shed, Harry has to purchase all new equipment to stay in business. The cost to replace the equipment would be considered an occurrence a peril an indirect loss a direct loss
a direct loss
Fred has decided to store his fuel tanks inside his garage where he builds automobiles. To the insurer, the fuel tanks would be considered________ a hazard a peril an exsposure a risk
a hazard
Joe's driveway has a very steep grade with several sharp turns, and it gets very muddy during rains. To an insurance company, Joe's driveway might be considered a loss a peril a hazard a risk
a hazard
Harold wants to buy an insurance policy for his home in Atlanta. The insurance company writes him a policy. To the insurance company, Harold's home is considered _____________ a hazard a loss a risk an asset
a risk
In property insurance claims, the claimant is commonly the insured, whereas in liability insurance claims, the claimant is typically the insurer a torfeasor always the insured a third party
a third party
David files a claim with 123 Insurance under his PAP after he gets into a car accident. In order to fulfill his duties as an insured, David must do all of the following, EXCEPT promptly send 123 Insurance copies of all pertinent legal papers authorize 123 Insurance to pursue legal action cooperation with 123 Insurance's investigation, settlement, and any court proceedings give a recorded statement if 123 Insurance requests
authorize 123 Insurance to pursue legal action
Kyle operates an auto body repair shop, where customers sometimes leave their cars in his care for extended periods of time. This exchange of control property is best described as subrogation bailment non-owned vehicle coverage bailee coverage
bailment
Most states' courts today follow the doctrine of comparative negligence strict negligence conducive negligence contributory negligence
comparative negligence
The Severability of Interests condition states that coverage applies to each insured separately, as if no other insured existed an insured has the right to cancel an insurance policy at any time when an insurer pays a total loss settlement, policy coverage may terminate and any unearned premiums will be refunded to the insured an insurer has the right to cancel an insurance policy at any time
coverage applies to each insured separately, as if no other insured existed
When an applicant for a homeowners insurance policy lists the address, size, and description of his home, he is providing factual misrepresentations representations misrepresentations declarations page
declarations page
now that he is unable to take pictures for the next 6 months, his clients are moving on and entering into contracts with other photographers. When Chandler speaks of this total amount of damages that have resulted and will result from Harper's mistake, he is referring to joint tortfeasors reservation of rights diminution of value punitive damages
diminution of value
Jesse has a Suspension of Insurance endorsement. This means that, while he is out of country for business for 4 months, he can suspend his coverage. He usually pays a $300 per month premium. During these 4 months, Jesse will pay $50/month in premiums until coverage is renewed has no deductible doesn't have to pay any premiums only needs to pay the minimal premium payment of $100
doesn't have to pay any premiums
Mental anguish would be an example of_________ punitive damages tangible damages special damages general damages
general damages
Ricky was watching a baseball game at XYZ Stadium, when the railing on which he was leaning gave way and he fell two stories. As a result of his fall, Ricky broke his back and is now paralyzed from the waist down. Ricky sued the owners of XYZ Stadium and was awarded $150,000 to cover his medical bills and 2.5 million in _________ because of the permanent nature of his injury. general damages special damages tort damages punitive damages
general damages
An adjuster who acts as a fiduciary agent for an insurer must represent the policyholder in her interactions with the insurer. be a salaried employee of that insurer. have authority granted by the insurer through a contract. deal with the insurer's lawyer instead of directly with the insurer.
have authority granted by the insurer through a contract.
The Fraud and False Statements Act is a federal regulation. This means that it only applies to insurance professionals who work in the district of Columbia it applies to all insurance professionals in all transactions it only applies to insurance professionals whose actions affect interstate commerce it is model legislation that only applies in the states that have chosen to adopt it
it only applies to insurance professionals whose actions affect interstate commerce
Sarah is driving carelessly through the streets of Tallahassee when she hits a puddle and loses control of her car. She crashes into a telephone pole and the car is completely wrecked. To her insurer, Sarah's car is now considered a risk peril hazard loss
loss
After a covered accident, your PIP will provide coverage for all of the following, EXCEPT medical costs for your friend who was driving your car with permission medical costs for your passenger with no PIP medical costs for the driver you struck your medical costs
medical costs for the driver you struck
Randy runs a business where he takes on the possessions of others and transports them from one location to another for a fee. Randy also keeps his business model diverse by occasionally taking on legal passengers as clients, and helping them get from one place to another for a fee. Randy would be best described as a delivery driver trucker motor carrier salesman
motor carrier
The main focus of the FCRA is to provide federal reinsurance for insurance companies offering terrorism coverage. implement health care reform at the federal level. regulate how credit agencies and financial institutions treat their customers' personal information. establish standards, best practices, and regulatory support for insurance carriers nationwide.
regulate how credit agencies and financial institutions treat their customers' personal information.
The statute of limitations is intended to limit the amount of financial damages a claimant can request in a lawsuit restrict the jurisdiction in which a claimant can file a lawsuit restrict the amount of time a claimant has to file a lawsuit limit the amount of damages awarded in a lawsuit
restrict the amount of time a claimant has to file a lawsuit
Jim has a liability insurance policy with three limits, one for the maximum amount of bodily injury per person, one for the maximum amount of bodily injury for all persons, and one for the maximum amount of property damage. Each of these limits apply to any one occurrence. What type of limits does Jim's policy have? Single Limits Situational Limits Aggregate Limits Split Limits
split limits
An adjuster acts as an agent for the insurer. As such, it is essential that the adjuster understand ___________ her duty to profit from every claim investigation. that she must always offer a settlement favorable to the claimant. her duty to check-in daily with the insurance company. that her words or actions may bind the insurance company.
that her words or actions may bind the insurance company
Jane's husband was killed when an improperly pressurized gas container exploded as he was transporting it. Jane can collect damages under a Statute of Limitations the Breach of Product Warranty Sovereign Immunity the Wrongful Death Act.
the Wrongful Death Act.
When an insurance professional intentionally makes false statements in a financial report, he could be fined up to $50,000 per violation, OR the amount of compensation he received for the fraudulent activity, if that amount is more than $50,000 have his license suspended for 2 years the amount of compensation he received for the fraudulent activity, if that amount is less than $50,000 have his license suspended for 3 years
the amount of compensation he received for the fraudulent activity, if that amount is more than $50,000
In an investigation, "critical evidence" could include all of the following, EXCEPT photographs of the damage statements from the claimant and at-fault party sketches of the property the claimant's premium payment history.
the claimant's premium payment history.
After a night at the bar with friends, the designated driver John drives everyone home in Anne's car. They crash into another car at an intersection and everyone sustains varying degrees of injuries. Anne's PIP will cover the medical costs for all of the following people, EXCEPT Erin, one of the passengers in Anne's car who has no PIP of her own Anne John the driver they struck
the driver they struck
Sovereign immunity restricts an individual's ability to file a lawsuit against an individual or organization that deals with dangerous instrumentalities a defendant an insurance company the governement
the government
A power surge sparks a small electrical fire in an office building. The electrical fire triggers the automatic sprinkler system. The water from the sprinklers soaks the carpets and shorts-out all the computers, causing thousands of dollars in damage. What is the proximate cause of the loss? The automatic sprinkler system the water from the sprinklers The electrical fire The power surge
the power surge
Losses caused by ___________ are always excluded in garage-keepers policies. explosions malicious mischief vandalism theft by employees
theft by employees
The Terrorism Risk Insurance Act was signed into law in 2002 and has been extended to provide coverage through 2027 indefinitely through 2025 through 2035
through 2027
Lee was watching out his kitchen window and saw his neighbor, Sam, reach across the fence with a pole saw and cut down one of Lee's trees. When the tree fell, it landed on Lee's gazebo and damaged it. Lee is furious and sues Same for the damages. When they go to court, Sam is considered the intentional tort tortfeasor plaintiff tort
tortfeaser
No-fault insurance in a personal auto policy is mandatory in all states is limited, but will pay for any damages an insured may cause without requiring proof of loss typically only provides coverage for bodily injury provides liability coverage for a third party, regardless of who is at fault
typically only provides coverage for bodily injury
An insurance applicant revealing his convictions for drunk driving to an insurer is an example of a unilateral contract an aleatory contract utmost good faith a contract of adhesion
utmost good faith