Alabama Property and Casualty Insurance 127 Questions with 100 correct answers Verified
0 view 0 purchase
Course
NU1426
Institution
NU1426
Alabama Property and Casualty Insurance | 127 Questions with 100 % correct answers | Verified
producers will be deemed to be using their license primarily to write control business if, during any 12-month period...
Coverage F- Unscheduled farm Personal Property is subject to a coinsurance clause ...
Alabama Property and Casualty Insurance | 127
Questions with 100 % correct answers | Verified
1). Producers will be deemed to be using their license primarily to write control business if,
during any 12-month period...
Ans: the total premiums on controlled business exceeds the total premiums on all
other business written.
2). Coverage f- unscheduled farm personal property is subject to a coinsurance clause of...
Ans: 80%
3). Transportation expenses are covered under a personal auto policy for...
Ans: $20 per day, max of $600 (May Vary By State)
4). Burglary is defined as
Ans: Taking of property from within the premises leaving viable signs of forced entry
5). Under the personal auto policy, liability for bodily injury resulting from the insured's use of a
nonowned automobile is...
Ans: Provided by the insured's policy on an excess basis
6). The proposed insured makes the premium payment on a new insurance policy. if the
insured should die, the insurer will pay the death benefit to the beneficiary if the policy is
approved. this is an example of what kind of contract....
Ans: Conditional
7). What are the two causes of loss covered under the glass coverage form....
Ans: Breakage and accidentally or maliciously applied chemicals
8). Professional photographers and musicians may insure their equipment with...
PaperStoc.com Page 1 of 12
, Ans: A commercial articles floater
9). When an employee benefit plan pays the premium for a fiduciary liability policy, what
provision must be included in that policy?
Ans: Subrogation
10). Which professional liability for provides form coverage for liability arising out of
malpractice, error, or mistakes made in rendering professional services?
Ans: Physicians, surgeons and dentist malpractice
11). An advertising company has its annual holiday party for employees and customers, after
which a customer who had too much to drink is involved in an automobile accident.
occupants of the other car involved in the accident sue the company for serving the
customer too much to drink. will the company's businessowners policy provide coverage?
Ans: Yes, none of the exclusions will apply
12). When will jewelers block extension cover a loss?
Ans: When it is in the mail
13). A loss has occurred before the first report has been filed on a value reporting coverage
form. which is not true?
a) full amount of loss up to the policy limit is paid if the loss occurs before the first report is
due
b) 75% of the loss is paid if the loss occurred after the first report due date
c) never more than 75% of the loss is paid
d) provisional premium is based on 75% of the full amount of coverage
Ans: C.
14). Which of the following is not considered an insured contract under the commercial general
liability policy?
a) an elevator maintenance agreement
b) an obligation as required by ordinance to indemnify a municipality, except for work for a
municipality
c) a written lease agreement on the insured premises
d) a written agreement which indemnifies a person for fire damage to the premises rented
to the insured
PaperStoc.com Page 2 of 12
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Academik001. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
