Structure of a dp form - Study guides, Class notes & Summaries

Kentucky Property/Casualty State ExamDwelling- Coverage A (Dwelling) - Correct answer Covers Dwelling Structures attached to the dwelling Materials and Supplies used for the repair of dwelling. Dwelling- Coverage B (Other Structures) - Correct answer Insures buildings on premises separated from dwelling by a clear space. Dwelling- Coverage C (Personal Property) - Correct answer Covers insured's personal property that is at the described location and is usual to the dwelling occupancy. ...

Property and Casualty Practice PSI Exam Questions and Answers Rated A+ Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water main break -Emplo...

CA ADJUSTERS LICENSE 2024 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED Which of the following dwelling forms provides coverage for loss of rental income? - The Basic, Broad and Special Form - The Basic and Broad Forms only - The Broad and Special Forms only - The Special Form only - CORRECT ANSWER The correct answer is: The Basic, Broad and Special Form. EXPLANATION: All of the forms provide for rental value coverage. In the DP-2 and DP-3, it is 20% of the Coverag...

HO-2 correct answers "Broad" Named-peril form; covers the insureds house and personal property. HO-4 correct answers "Contents Broad Form" Named Peril Form; Renters insurance; covers personal property but not house and other structures. HO-6 correct answers "Unit Owners form" Named Peril Form; Condo Form; Covers owner's belongings and all finished surfaces of the individual condominium unit. HO-8 correct answers "Modified Coverage Form" Named Peril Form; Covers property at ACV,...

Kentucky Property/Casualty State Exam Dwelling- Coverage A (Dwelling) - Correct answer Covers Dwelling Structures attached to the dwelling Materials and Supplies used for the repair of dwelling. Dwelling- Coverage B (Other Structures) - Correct answer Insures buildings on premises separated from dwelling by a clear space. Dwelling- Coverage C (Personal Property) - Correct answer Covers insured's personal property that is at the described location and is usual to the dwelling occupancy....

Premium payments received by a broker-agent from clients purchasing automobile insurance may be maintained by the licensee in any of the following investments EXCEPT? 1. High-yield stocks 2. Treasury certificates 3. Repurchase agreements 4. US Government bonds - ANSWER-High-yield stocks Which of the following is eligible for a Business owners Policy? 1. A vacant building 2. A credit union 3. A furniture store 4. A sports bar - ANSWER-A furniture store "All risk" coverage is an o...

Property and Casualty Practice PSI Exam Questions and Answers 100% Pass Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - Correct Answer ️️ -Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water ...

Which of the following dwelling forms provides coverage for loss of rental income? - The Basic, Broad and Special Form - The Basic and Broad Forms only - The Broad and Special Forms only - The Special Form only - Answer- The correct answer is: The Basic, Broad and Special Form. EXPLANATION: All of the forms provide for rental value coverage. In the DP-2 and DP-3, it is 20% of the Coverage A limit and is additional coverage. With the DP-1, the 20% coverage reduces the available Cover...

Property and Casualty Practice PSI Exam Questions and Answers 100% Pass Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - Correct Answer ️️ -Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water ...

What are the forms of homeowner policies? - ANSWER-HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of these forms provides identical liability coverage. The property coverage varies with the homeowners form selected. The following is a list of the forms with the covered perils of each. HO-2 - ANSWER-Broad form; owner occupant HO-3 - ANSWER-Special Form; owner occupant HO-4 - ANSWER-Tenants or Renters HO-5 - ANSWER-Comprehensive Form; owner-occupant (open to all except exclusions) HO-6 - ...