Liability limits - Study guides, Class notes & Summaries
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Texas Property and Casualty 2024 (All possible questions with 100% correct answers)
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A policy written through the NFIP will provide coverage for: 
 
A 
Extra expenses 
B 
Increased costs to comply with local floodplain management laws 
C 
Loss of use 
D 
Loss of business income correct answers Increased costs to comply with local floodplain management laws 
 
Who is responsible for paying premiums, and will receive any premiums that have to be returned? 
A An additional insured 
B Any insured 
C Any named insured 
D First named insured correct answers First named insured 
 
Gene...
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OREGON STATE PROPERTY AND CASUALTY EXAM PREP QUESTIONS AND ANSWERS 2024
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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...
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Divemaster Final Exam A Questions and Answers with complete solution(Latest guide)
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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...
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Divemaster Final Exam A with 120 Questions and Answers RATED A+ 2023|2024 LATEST UPDATE
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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. ...
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AINS 102 Exam Questions with 100% Correct Answers |Latest 2024/2025.
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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...
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CPCU 552, CP&L FINAL EXAM 2023 WITH 100% VERIFIED ACCURATE ANSWERS
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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...
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Casualty Insurance Exam questions and answers graded A+ 2024
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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...
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Florida Insurance 20-44 Exam Study Guide
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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...
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CIC Commercial Multiline Actual test Questions With Answers
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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 ...
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Louisiana Property and Casualty Insurance Exam Correct 100%
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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...
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