Businessowners policy - Study guides, Class notes & Summaries

Exam FX, VA Property & Casualty Insurance Exam | 303 Questions and Answers | 100% verified

PNC Test Complete Study Questions And Answers With Verified Solutions Which of the following policies will help an auto dealership cover most of its liability exposures? a)A garage liability coverage b)A motor carrier coverage form c)A commercial general liability policy with a crime endorsement d)A businessowners policy A Insurance is the transfer of a)Peril. b)Risk. c)Loss. d)Hazard. B The policy conditions define a)How parties to the contract must act following a loss. b)The basi...

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...

Texas all lines adjuster exam (Actual Exam 350+ QuestionsCorrect 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 -Drect Damage endorsement. All of the following are criteria for an accident to have occurred "n the course of" the empoyment under a workers' compens...

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...

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...

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...