Cgl medical expenses Study guides, Class notes & Summaries

AINS 23 Full Practice Exam Questions with Verified Solutions 1) Clarence entered into a contract bond that guarantees his insulation work will be free from defects in materials and workmanship for a specified period of five years after completion of the work. The type of bond used by Clarence is a Maintenance bond. 2) Which one of the following statements is correct with respect to ocean marine loss exposures? For cargo owners, the posibility of loss to the cargo exists either on boa...

Under a CGL, at what point in time is the earned premium determined by the premium audit? CORRECT ANSWER At the end of the policy period Medical payments coverage under the Commercial General Liability Coverage Forms includes reasonable medical expenses if they are incurred and reported within how many years following an accident? CORRECT ANSWER Expenses that have been incurred and reported within one year of the date of the accident are covered under this section. Under Equipment Breakdow...

Property and Casualty Questions and Answers Already Passed An agent license can be suspended or revoked by writing primarily controlled business If an insured hides information and fails to disclose a known material fact to the insurer is known as Concealment which of the following statements pertaining to medical payment Part C of the CGL is false A person has to establish the liability of the insured before medical benefits will be paid under the contract All of the following...

CPCU 552, CP&L Final Exam Questions & Answers 2024/2025 Railroad owners commonly require contractors to purchase a Railroad Protective Liability Coverage Form. Which one of the following statements about this form is true? - ANSWERSOne 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? - ANSWER...

LA Claims Adjuster Property and Causality Practice Exam 2 Questions and Answers Already Passed A single Declarations page common to all coverages A single conditions section common to all coverages A commercial package policy always includes Send the insured a reservation of rights letter If the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person The basic limit for coverage F-medical payments of the standard homeowners form is nor...

An insured is sued under a CGL policy. The legal costs are $25,000, prejudgment interest is $9,000 and the judgment against the insured is $300,000. The insured has a $300,0000 CGL occurrence limit on the policy. How much will the insurer pay? ANS- $334,000 What is the order for claim payments if all of the following applied: Medical Payment, Workers' Compensation, Personal Injury Protection? ANS- WC, PIP, MP All of the following are penalties under the Florida No-Fault Law: ANS- Drivers L...

CGL Coverage B (Personal and Advertising Injury) will cover correct answersInadvertent injury to others caused in the course of advertising the insured's product An insured is involved in an auto accident in another state. The state has a financial responsibility law that specifies limits of liability higher than the limits shown in the declarations. What amount will the insured's policy pay? correct answersHigher limits Which of the following would be covered under the crime coverage in...

Which of the following personal auto coverages would pay for the insured's travel expenses and loss of earnings while involved in the settlement process of a covered loss? CORRECT ANSWER Liability coverage What are the two types of compensatory damages? CORRECT ANSWER Special and general Which part of an insurance policy covers claims-related expenses, reasonable expenses incurred by an insured to protect damaged property from further loss, or defense expenses? CORRECT ANSWER Additional c...

The NYS School of Industrial and Labor Relations - ANSWER-All parties that have settled a workers' compensation claim in NY under the Alternative Dispute Resolution Program must respond to data collection requests of the: 180 Days - ANSWER-A person who is qualified to receive benefits from the Motor Vehicle Accident Indemnification Corp. and are injured by an owner of a vehicle that can be identified, can file a claim within how many days? $50,000. - ANSWER-the limit for medical/rehabilit...

What type of plan is available to an insurance applicant who is entitled to obtain a motor vehicle liability policy, but is unable to do so through ordinary methods? correct answers limited liability plan Regarding workers compensation, a surviving spouse is entitled to death benefits in the form of weekly benefits that typically end correct answers at the earlier of age 65 or remarriage Which of the following vehicles is NOT an "uninsured motor vehicle" at the time of an accident under ...