Businessowners policy - Study guides, Class notes & Summaries

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...

The members of a limited liability company are insureds under a businessowners policy (BOP) if correct answersThe 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 correct answersUtility Services - Direct Damage. Which of the following would be the insured's duty in the event of a loss according to the duties in e...

The members of a limited liability company are insureds under a businessowners policy (BOP) if CORRECT ANSWER 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 CORRECT ANSWER Utility Services - Direct Damage. Which of the following would be the insured's duty in the event of a loss according to the duties in e...

Pearson VUE: Property Insurance Practice Exam Questions and Answers (100%Verified). 1. S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? A. $100,000 B. $90,000 C. $80,000 D. $20,000: answer- C 2. The MAXIMUM amount a p...

FX,VA PROPERTY & CASUALTY INSURANCE EXAM QUESTIONS AND ACCURATE ANSWERS//ALREADY GRADED A+ The members of a limited liability company are insureds under a businessowners policy (BOP) if FX,VA PROPERTY & CASUALTY INSURANCE EXAM QUESTIONS AND ACCURATE ANSWERS//ALREADY GRADED A+ The members of a limited liability company are insureds under a businessowners policy (BOP) if FX,VA PROPERTY & CASUALTY INSURANCE EXAM QUESTIONS AND ACCURATE ANSWERS//ALREADY GRADED A+ The members of a limited l...

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...

AINS 23 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (ALREADY GRADED A+) NEWEST VERSION Which one of the following statements is correct with respect to limits of liability applicable to Part Two—Employers Liability Insurance? - Answer It includes a bodily injury by disease policy limit. The insurer has no duty to pay defense costs after it has paid damages equaling the applicable limit of insurance. Which one of the following statements is correct with regard to the United States L...

Idaho Property & Casualty Exam Prep Questions and Answers Already Passed 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 B The Businessowners Coverage Form to the Businessowners Policy provides coverage on which o...

AINS 103 (New 2023/ 2024 Update) Exploring Commercial Insurance Exam Review _ Questions and Verified Answers_ 100% Correct_ Graded A QUESTION Jenn is a producer for Goshen Mutual. She is trying to determine if a new prospect, Mr. Cooper's Café is eligible for the businessowners policy (BOP). Mr. Cooper's Café is a small restaurant located on the first floor of an office building, serving only breakfast and lunch. Cooking on the premises is limited to coffee makers, a grill, and...

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...