Commercial coverage a - Study guides, Class notes & Summaries

Xcel Solutions Property & Casualty Exam Questions and Answers An earned premium resulting from the cancellation of a policy is calculated on: - Correct Answer ️️ -On a pro rata basis, based on the previous year's rate M owns a parking garage & has coverage that states: "We will cover losses regardless if you are legally liable for the loss." This no-fault ideology will be found under: - Correct Answer ️️ -Excess Direct Coverage An insurance company writing business in a state o...

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 ...

Iowa Commercial Pesticide Applicator Category 1A Latest Update Graded A What is the greatest hazard when applying most herbicides? Injury to nontarget plants Name some herbicides which are very effective against germinating weeds but less effective on established weeds. Frontier, Lasso, and Dual What soil conditions reduce the activity of many herbicides and require increased rates for adequate weed control? Higher levels of soil organic matter or clay Two herbicides which are more active on ...

Insurance broker means a person who, for compensation and on behalf of another person, transacts insurance other than life with, but not on behalf of, an insurer. True or False? correct answer: False - An insurance broker is a specialist in insurance and risk management. Brokers act on behalf of their clients and provide advice in the interests of their clients. Transacting insurance includes: A. Execution of a contract of insurance B. All of the choices C. Solicitation D. Negotiation c...

to add a new insurance to the system that dose not exist - select a generic coverage and enter information from the card when creating a new coverage record in the system you must choose the correct ( 2 answers) - payer and plan true or false a patient can have more then one guarantor account - TRUE Guarantor account - who will be paying coverage - insurance (payer, plan) subscriber policy holder generic coverage - the payer is not built into the system and must be added by the fr...

NM ADJUSTER EXAM 2024 QUESTIONS AND VERIFIED ANSWERS GRADED A++ an insurance contract, the policyholder gives the insurer ___ and the insurer gives the policyholder ___. premium payments; peace of mind Which of the following people does NOT have an insurable interest in an insured property? A homeowner's interest in the local town water pipes that deliver water to his home. In the event of a catastrophe, emergency adjuster licenses in New Mexico are valid for: 90 days. Cindy falls down...

NEW HAMPSHIRE PROPERTY & CASUALTY QUIZ QUESTIONS WITH COMPLETE SOLUTIONS 100% What is true about controlled forms? - correct answer These forms are usually issued according to published rules and rates When will an insurance company pay damages on behalf of an insured under a CGL policy? - correct answer when the company determines that the insured is legally liable A loss reserving method that establishes aggregate reserves for all claims for a single type of insurance is known as - co...

CIC Commercial Casualty CGL Exam Questions and Answer 6 Casualty exposures covered by CGL policy - Answer ️️ Premises, Business operations, Products, Completed operations, Contractual, Contingent/vicarious Premises types in CGL - Answer ️️ Any location owned, rented, leased, borrowed, or used for business Locations of business operations CGL - Answer ️️ On premises or away from premises Types of products covered by CGL - Answer ️️ Retail, wholesale, distributed, or manuf...

Robbery involves all of the following, EXCEPT: A. The presence of the insured B. Criminal intent C. A threat of violence D. Burglary - Answer- D. Burglary Under the "Loss Sustained" Crime Insurance form, there is coverage while the policy is in force and for up to: A. 6 months after the policy expires B. One year after the policy expires C. 60 days after the policy expires D. 30 days after the policy expires - Answer- B. One year after the policy expires Crime insurance termi...

All of the following are true of Coverage B - Other Structures correct answers The amount of coverage provided by Coverage B is an amount equal to 10% of Coverage A, An example of an other structure would be a detached garage, This coverage is not applicable on the HO-4 policy form. Homeowners policies automatically provide an amount of insurance in Coverage B that is correct answers equal to 10% of the amount written as Coverage A. This amount may be increased by endorsement. An insured i...