Businessowners policy - Study guides, Class notes & Summaries

Idaho Property & Casualty Exam Prep Questions and Answers 2024 Verified Which of the following statements is false with respect to requirements for rates? A) Rates may not be inadequate B) A purpose of the rate regulation is to diminish competition between insurers C) Rates may not be unfairly discriminatory D) A purpose of the rate regulation is to regulate cooperative action among insurers - CORRECT ANSWER-B The Businessowners Coverage Form to the Businessowners Policy provides covera...

Pearson VUE: Property Insurance Practice Exam Questions and Answers Rated A+ S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? A. $100,000 B. $90,000 C. $80,000 D. $20,000 C The MAXIMUM amount a policy wi...

IDAHO PROPERTY AND CASUALTY EXAM PREP 2023/2024 GRADED A+. 1. Which of the following statements is false with respect to requirements for rates? A) Rates may not be inadequate B) A purpose of the rate regulation is to diminish competition between insurers C) Rates may not be unfairly discriminatory D) A purpose of the rate regulation is to regulate cooperative action among insurers: B 2. The Businessowners Coverage Form to the Businessowners Policy provides coverage on which of the fol...

GEORGIA PROPERTY & CASUALTY INSURANCE EXAM (LATEST 2024/ 2025 UPDATE) QUESTIONS AND VERIFIED ANSWERS| 100% CORRECT| GRADE A Q: Once an injured employee has received benefits provided under workers' compensation, that employee may not file a suit against her employer to gain additional benefits. This is the def. of A. Contributory negligence B. the fellow servant rule C. Assumption of risk D. Exclusive remedy Answer: D. executive remedy Q: The purpose of the basic extend...

TEXAS ALL LINES ADJUSTER EXAM 2024 WITH 100% CORRECT ANSWERS All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - correct answer While performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employer's premises during working hours. Which of the following statements is NOT TRUE regarding the implied warranties of an Ocean M...

AINS 23 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (ALREADY GRADED A+) NEWEST VERSION Which one of the following statements is correct with respect to limits of liability applicable to Part Two—Employers Liability Insurance? - Answer It includes a bodily injury by disease policy limit. The insurer has no duty to pay defense costs after it has paid damages equaling the applicable limit of insurance. Which one of the following statements is correct with regard to the United States L...

Pearson VUE: Property Insurance Practice Exam Questions and Answers (100%Verified). 1. S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? A. $100,000 B. $90,000 C. $80,000 D. $20,000: answer- C 2. The MAXIMUM amount a p...

the members of a limited liability company are insureds under a businessowners policy (BOP) if The limited liability company is designated as the named insured. An endorsement added to a businessowners policy that provides coverage for direct damage caused by utility service disruption stemming from a covered peril is called Utility Services - Direct Damage. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:02 / 0:15 Full screen Which of t...

AINS103 Practice Questions with All Correct Answers ( Exam) Which one of the following statements about the BOP is true? Select one: A. It provides liability coverage only. B. It provides property coverage only. C. It is designed for large businesses. D. It is designed for small to mid-sized business. - Answer D. It is designed for small to mid-sized business. Julian is the owner of The Clock Shop, a retail store selling a wide variety of clocks for the home and office. He leases the...

Under a Businessowners Policy, the policy's terms can be amended or waived only by endorsement issued by correct answers the insurer and made a part of the policy. All of the following are Valuable Papers and Records EXCEPT A. manuscripts, records, or abstracts. B. inscribed, printed, or written documents. C. books, deeds, drawings, films, maps, or mortgages. D. money or securities. correct answers money or securities. Paula and Peter Jones are both insureds on their Homeowners insu...