Supplementary payments - Study guides, Class notes & Summaries

An insured operates a auto repair shop and has a garage coverage form with garagekeepers insurance when an employee on a test drive with a customer's car is involved in a crash. How will the customer's car be covered by the insured's policy? - Answer- The customer's car is covered for any physical damage while in the custody of the insured. Liability arising out of any of the following is excluded from the personal and advertising injury liability coverage EXCEPT - Answer- unknowingly inf...

Under the Workers' Compensation policy, the insurer may audit the insured's records for a period of how many years following policy termination? CORRECT ANSWER 3 Which of the following is true of supplementary payments under Part A of the Personal Auto Policy? CORRECT ANSWER They are paid in addition to the liability limits of the policy Which of the following is not true about insurance? CORRECT ANSWER Insurance covers intentional as well as unintentional losses When an individual fa...

Payroll Fundamentals 1 Midterm 94 Questions with Verified Answers Commencement package (Ch.1) - CORRECT ANSWER -Organization specific forms (personal information forms) -Government forms (federal and provincial personal tax credits return) -Benefit forms (insurance enrollment forms) Hiring form (ch.1) - CORRECT ANSWER May include information on their position such as department, manager, start date, salary/hourly wage, and benefit entitlement Information that must be provided to empl...

An employee has been asked to use his own personal vehicle to perform certain tasks on behalf of his employer. What coverage is used under the business auto policy to protect the employer for lawsuits when the employee has an accident that causes legal action against the employer? - Employers nonownership coverage. This coverage protects the employer and not the employee. The employee is covered under his own PAP policy. Replacement cost coverage is best defined as: - Replacement without ded...

Exam Fx-Property and Casualty Exam Questions and Answers 100% Pass To be considered an insurable risk, a loss may NOT be catastrophic Which of the following persons would be required to hold a producer license? a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? ocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? the difference in the actual cash va...

The Personal Auto Policy (PAP) A policy that combines liability insurance with other optional coverages PAP Policies can cover -Individuals and residing family members -People driving car with owner's permission -Four-wheeled vehicles under 10,000 lbs *Insurable interest is required Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More PAP Policies will indemnify for: -Property Damage -Personal Injury ...

LA Claims Adjuster Property and Causality Practice Exam 2 Questions and Answers Already Passed A single Declarations page common to all coverages A single conditions section common to all coverages A commercial package policy always includes Send the insured a reservation of rights letter If the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person The basic limit for coverage F-medical payments of the standard homeowners form is nor...

REG Exam Questions & Answers 100% CORRECT 2024/2025 Supplementary Income/Loss (RRF-COP) R - Rental Income R - Royalties C - Copyrights O - Oil/Gas leases P - Patents F - Flow Through Entities (S corp, Partnership, Estates & Trusts) - ANSWERSSchedule E I EMBRACED Education, Heath, and Farm I - Student loan Interest E - Self Employment tax (50%) M - Moving Expenses B - Business Expenses (Schedule C) R - Rental, Royalty, Flow-Through entity (Schedule E) A - Alimony paid (CANN...

Florida 2-20 Practice Exam | 573 Questions and Answers With Complete Solutions 2024 All of the following are duties of the 'Office of Insurance Regulation' EXCEPT: - Answer☑️ Make rating rules When the insurer pays the proportion, which its limit bears to all limits this is called: - Answer☑️ Pro rata A condition that states that if an insurer adopts a revision which would broaden coverage without additional premium, the insured would receive the benefit called: - Answer☑️ Li...

A single Declarations page common to all coverages A single conditions section common to all coverages CORRECT ANSWER A commercial package policy always includes Send the insured a reservation of rights letter CORRECT ANSWER If the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person CORRECT ANSWER The basic limit for coverage F-medical payments of the standard homeowners form is normally $250 CORRECT ANSWER The CGL provides up to ___per...