Businessowners coverage - Study guides, Class notes & Summaries

Texas All lines Adjuster Latest Exam With Verified Answers 2023 Graded 100%. All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - ANSWER While performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employer's premises during working hours. Which of the following statements is NOT TRUE regarding the implied warranties of an O...

Texas Property & Casualty Insurance License Exam with Accurate Answers 2023 In order to be considered legally binding, an insurance contract must include all of the following - Offer and acceptance. Competent parties. Consideration (The four essential elements of all legal contracts are offer and acceptance, consideration, legal purpose, and competent parties.) With respect to a bonded contractor who defaults on a construction performance contract, which of the following statements is...

FLORIDA 2-20 AGENTS LICENSE EXAM REAL EXAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS AGRADE Which one of the following statements is correct with respect to the liability coverage provided by the businessowners policy (BOP)? - ANSWER>>BOP liability coverage closely resembles the coverage provided by the occurrence version of the CGL coverage form.

All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - While performing a task that a fellow worke r requested, that was unusual to the employee's job description, but occurred on the employer's premises during working hours. Which of the following statements is NOT TRUE regarding the implied warranties of an Ocean Marine policy? - The implied warranties are attached to the policy as an endorsement...

Virginia Property and Casualty Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: ACV is generally used for which of the following types of claims? A Auto Physical Damage B Umbrella C Workers' Compensation D Businessowners Property Answer: Auto Physical Damage Q: A Commercial Crime policy written with the Inside the Premises - Robbery or Safe Burglary of Other Property Insuring Agreement would cover which of the following? ...

Idaho Property & Casualty Exam Prep Questions and Answers 2024 Verified Which of the following statements is false with respect to requirements for rates? A) Rates may not be inadequate B) A purpose of the rate regulation is to diminish competition between insurers C) Rates may not be unfairly discriminatory D) A purpose of the rate regulation is to regulate cooperative action among insurers - CORRECT ANSWER-B The Businessowners Coverage Form to the Businessowners Policy provides covera...

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

Texas all lines adjuster exam (Actual Exam 350+ Questions Correct Answers) (Recently Updated Exam) Which of the following endorsements must be attached to a standard Businessowners policy for coverage to apply to a businesses freezer that was damaged by the interruption of a power source --------- CORRECT ANSWER ----- Utility Services - Direct Damage endorsement. All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensati...

The coverage territory of the Business Auto form provides for "worldwide liability coverage" for private passenger autos that the insured: a) Hires, leases, rents or borrows without a driver while outside the United States, its territories and possessions. b) Purchases while outside the United States, its territories and possessions. c) Sells while outside the United States, its territories and possessions. d) Occupies while outside the United States, its territories and possession...

VA Property & Casualty Exam FX, Insurance Exam with Complete Solutions The members of a limited liability company are insureds under a businessowners policy (BOP) if The limited liability company is designated as the named insured. An endorsement added to a businessowners policy that provides coverage for direct damage caused by utility service disruption stemming from a covered peril is called Utility Services - Direct Damage. Which of the following would be the insured's duty ...