Liability limits - Study guides, Class notes & Summaries

HMEMS80 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 (755747) - DUE 30 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us.... Question 1 Not yet answered Marked out of 1.00 Flag question Question text The following are examples of non-probability sampling strategy except sampling. a. convenience b. cluster c. purposive d. quota Clear my choice Question 2 Not yet an...

The Occurrence form it doesn't matter when the loss is reported, but the date the loss occurred must be during the policy period. The Supplemental Extended Reporting Period The cost of the endorsement may be up to 200% of the CGL's annual premium. This is a one-time charge and is fully earned at issuance. Product liability would cover Product liability applies to bodily injury the product causes away from the insured's premises. A customer contracting food poisoning is a perf...

Divemaster Final Exam A Questions and Answers with complete solution(Latest guide) True or False. Divers expect a PADI Divemaster to show professionalism by having role-model dive skills, rescue skills, and knowledge about dive management. True. Certified divers can dive unsupervised within the limits of their training. Why would they choose to dive with a PADI Divemaster? a. A divemaster can handle dive logistics, and make diving more convenient and fun. b. Boat dives are only possib...

Divemaster Final Exam A with 120 Questions and Answers True or False. Divers expect a PADI Divemaster to show professionalism by having role-model dive skills, rescue skills, and knowledge about dive management. - ANSWER True. Certified divers can dive unsupervised within the limits of their training. Why would they choose to dive with a PADI Divemaster? a. A divemaster can handle dive logistics, and make diving more convenient and fun. b. Boat dives are only possible with a divemaster. ...

Which one of the following is considered real property? Select one: A. An automobile B. A house C. Furniture D. A motorhome ️ B The Davis family suffered extensive fire damage to its home and was temporarily unable to inhabit it. The family was forced to rent a hotel room while its home was under repair. The cost incurred to rent the hotel room is referred to as which one of the following outcomes of loss? Select one: A. Lost income B. Increased expenses C. Reduction in value of p...

Railroad owners commonly require contractors to purchase a Railroad Protective Liability Coverage Form. Which one of the following statements about this form is true? - correct answerOne of the coverage limits applies to physical damage to property owned by or leased or entrusted to the railroad Which one of the following statements about the general aggregate limit under a Commercial General Liability (CGL) Coverage Form is true? - correct answerIt is reduced by an claims paid for medical pa...

Casualty Insurance Exam Coverage that is triggered when a claim is first made against the insured, regardless of when the injury took place, is known as - correct answer Coverage under the claims-made form According to the other insurance condition, which of the following are methods used to decide how the claim will be divided? - correct answer Contribution by equal shares or contribution with limits Which of the following limits of liability in a commercial general liability policy is t...

insurance - Answer- ________________ is a contract whereby one undertakes to indemnify another or pay or allow a specified amount or a determinable benefit upon determinable contingencies. casualty - Answer- ______________ insurance is insurance which pays on behalf of the insured's legal liability. liberalization - Answer- The ______________ provision broadens an insured's coverage without an increase in premium when the insurer has adopted a generic global policy revision. severabil...

CIC Commercial Multiline Actual test Questions With Answers Identify the three primary Purposes of Excess liability & Umbrella liability policies. Excess Liab - LO1 - ANSWER 1. Provides additional limits that are excess over underlying limits of insurance. ie: Auto Loss 1.8M. 2. Provides primary coverage when underlying poliy does not respond beacuse its aggregate limits of insurance are exhausted. ie: 2 GL claims 500k each; 3rd claim of $300k w/b paid by EL. It would drop down ...

Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM coverage pay? a) $125,000 b) $75,000 c) $50,000 d) $25,000 - ANSWERSc) $50,000 Underinsured motorist coverage acts as excess over the at-fault motorist's coverage. It will pay the differe...