An umbrella policy - Study guides, Class notes & Summaries

What is the name given to the collection of written decisions? - Answer- Case Law Explain the concept of the Rule of Precedent. - Answer- Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - Answer- Compensation in money for the loss or damage suffered. Compensatory damages for bodily injury are ...

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use Loss o...

TEST BANK FOR WILKINS’ CLINICAL ASSESSMENT IN RESPIRA- TORY CARE, 9TH EDITION, AL HEUER Chapter 01: Preparing for the Patient Encounter Heuer: Wilkins’ Clinical Assessment in Respiratory Care, 9th Edition MULTIPLE CHOICE 1. Which of the following is an example of how the respiratory therapist (RT) helps promote high-quality care that is patient-and-family-centered? a. Deliver care given is consistent with each individual’s values, needs, and preferences. b. Help ...

TEST BANK Stanhope and Lancaster's Community Health Nursing in Canada Sandra A. MacDonald, and Sonya L. Jakubec 4th Edition extra per year? Table of Contents Chapter 01 Community Health Nursing 1 Chapter 02 The Evolution of Community Health Nursing in Canada 8 Chapter 03 Community Health Nursing in Canada-Settings, Functions, and Roles 13 Chapter 04 Health Promotion 24 Chapter 05 Evidence-Informed Practice in Community Health Nursing 30 Chapter 06 Ethics in Community Health Nursing Practice 3...

If a producer allows his license to lapse, within what time period may the producer reinstate the same license? correct answers b) 2 years Producers who allow their license to lapse may reinstate them same license within 2 years, upon proof of fulfilling all continuing education requirements through the date of reinstatement, & by paying all overdue fees. Which of the following would be eligible for Homeowners Coverage F - Medical Payments in the event of injury at the insured's premises?...

AINS Quiz | 713 Questions with 100 % correct answers | Verified& Updated 2024 Graded A+ Umbrella liability policies almost always provide excess coverage over several primary policies while include all of the following, EXCEPT: - Commercial general liability - Auto liability - Replacement liability - Employers liability - Replacement liability The coverage that an umbrella liability policy provides for claims not covered at all by the underlying policies is called - Drop-down coverage Whi...

A person wanting to insure a single shipment would use: - correct answer A Trip Transit Form Which statement about the Umbrella Liability Policy is false? - correct answer The standard deductible on an umbrella policy is $100,000 Which of the following is true of the Towing coverage provided under Section III of the BAP? - correct answer Labor must be performed at the place of disablement The Equipment Breakdown Coverage does not cover which of the following? - correct answer Breakdown ...

California Personal Lines Broker Test Latest Version Graded A+ What is the primary purpose of personal lines insurance? The primary purpose of personal lines insurance is to provide coverage for individuals' personal property and liabilities, such as auto, home, and renters insurance. What type of coverage is typically included in a standard homeowners insurance policy? A standard homeowners insurance policy typically includes coverage for property damage, personal liability, and a...

Umbrella liability policies almost always provide excess coverage over several primary policies while include all of the following, EXCEPT: - Commercial general liability - Auto liability - Replacement liability - Employers liability - Replacement liability The coverage that an umbrella liability policy provides for claims not covered at all by the underlying policies is called - Drop-down coverage Which one of the following statements about umbrella liability insurance is true? Select ...

Virginia Property and Casualty Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: ACV is generally used for which of the following types of claims? A Auto Physical Damage B Umbrella C Workers' Compensation D Businessowners Property Answer: Auto Physical Damage Q: A Commercial Crime policy written with the Inside the Premises - Robbery or Safe Burglary of Other Property Insuring Agreement would cover which of the following? ...