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Iowa casualty Question and answers 100% correct 2024 $13.99   Add to cart
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Iowa casualty Question and answers 100% correct 2024

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Iowa casualty Question and answers 100% correct 2024 Iowa casualty The declarations section in a homeowners policy provides all of the following information EXCEPT - correct answer policy exclusions Which of the following is NOT a classification of a hazard? - correct answer speculative ...

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  • August 30, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • iowa casualty
  • iowa casualty question and answers 100 correct 20

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Iowa casualty
The declarations section in a homeowners policy provides all of the following
information EXCEPT - correct answer ✔policy exclusions


Which of the following is NOT a classification of a hazard? - correct answer
✔speculative


the defendant being releases on a surety bail bond is the - correct answer
✔principal


Which of the following terms means termination of an insurance policy at its
expiration date by not offering a policy continuation or replacement? - correct
answer ✔non renewal


If a car is stolen and left in a snow bank, causing the radiator to freeze and
sustain heavy damage, is the damage covered by the auto policy? - correct
answer ✔yes, freezing exclusion is removed if the car is stolen


The insured's products under a commercial general liability policy does NOT
include which of the following? - correct answer ✔vending machines rented
to others


which of the following documents notifies the insurer of events that may lead
to a possible claim? - correct answer ✔notice of claim


To determine the actual cash value of an insured property what must be
deducted from the current replacement cost? - correct answer ✔depreciated
value

, A policy contains a consent to settle a loss provision, which requires the
insurer to obtain the consent of an insured before the settlement of a claim.
With this in mind, what kind of liability policy does the insured most likely
have? - correct answer ✔professional liability


which of the following is the cause of loss? - correct answer ✔peril


an applicant for property insurance owns a building in which combustible
materials are carelessly stored in the furnace room. From an underwriting
standpoint, this risk would likely be considered a - correct answer ✔morale
hazard


The transfer of a legal right or interest in an insurance policy is called - correct
answer ✔assignment


An insurer's right to take possession of property after having paid for the loss
is referred to as the right to - correct answer ✔salvage


loss valuation is best described as the process of - correct answer
✔determining the premium charged and the amount of insurance required on
a specific property


the commercial general liability coverage Part A- bodily injury and property
damage provides coverage for which of the following? - correct answer
✔premises


which of the following duties is NOT required of the insured in the event of a
loss? - correct answer ✔immediately notify the insurer when the insured has
filed for bankruptcy

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