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Nevada Property and Casualty With Questions And 100% ALL CORRECT ANSWERS
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JACKLINENevada Property and Casualty With Questions And 100% ALL CORRECT ANSWERS
Terms in this set (149)
A unique feature in a bailee form is that it covers C
A. A loss that has no exclusions
B. The building occupied by the insured whether it
is owned or leased
C. Customers property whether or not the insured
has been negligent
D. Fire and theft losses to the insured stock held
for sale without any deductibles.
What is a certificate of insurance B
A. Written document allowing the insured to
inspect the insured's books
B. A written document showing to types and
amounts of insurance that have been issued to the
insured
C. A written document obligating the insured to
the person to the witch the insurance was issued
D. Written document naming the insurance
beneficiary
Nevada Property and Casualty
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,An insured intentionally did not disclose material D
fact on the application for insurance this would be
considered
A. Coercion
B. Avoidance
C. Misrepresentation
D. Concealment
In a personal auto policy the term you refers to C
A. Any person reading the policy
B. The insurer
C. The name insured
D. Any person injured in a covered accident
Terrorism risk insurance program reauthorization C
act of 2015 has extended the TRIA to the year
A. 2015
B. 2017
C. 2020
D. 2030
With respect to commercial auto policies the A
garage coverage form provide liability protection
for all the following except
A. The insurance business income loss is due to
personal injury
B. The insurance business premises
C. The insured's business autos
D. The insurance business products in work
performed
If an insured is in the process of moving to a new C
location his personal property coverage under the
dwelling policy will apply on a pro rata basis on
both locations for
A. 90 days
B. 5 days
C. 30 days
D. 60 days
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, Which of the following closet establishes the C
procedure for determining the amount of a loss
when the insurer and the insured cannot agree on
the value of property or amount of loss
A. Valuation clause
B. Loss Settlement clause
C. Appraisal clause
D. Loss payment clause
What type of damages may be awarded by the D
court to create disincentives that discourage
behavior that is deemed a highly undesirable by
society
A. General
B. Compensatory
C. Specific
D. Punitive
Professional liability coverage protects against C
liability resulting from
A. misrepresentation
B. unethical conduct
C. Errors and omissions
D. warranties
What term best describes the act of withholding C
material information that could be crucial to an
underwriting decision
A. leading
B. breach of warranty
C. concealment
D. withholding
Which of the following liability exposures is most B
likely for a small specialty clothing retail boutique
A. completed operations liability exposure
B. premises liability exposure
C. operations liability exposure
D. product liability exposure
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