Interline endorsement - Study guides, Class notes & Summaries

Commercial Package Policy (CPP ) (examfx flashcards) questions & answers 2023/2024 What are the 2 coverages triggers in commercial crime policies? - ANSWER-Discovery Form and Loss sustained form What is the purpose of a claims-made form? - ANSWER-To pay for bodily injuries or property damage reported during the policy period What type of perils are covered by the Advertising Injury Form? - ANSWER-Libel, slander, defamation, violation of privacy, infringement of copyright or titles ...

PROPERTY AND CASUALTY INSURANCE EXAM WITH VERIFIED ANSWERS 1. Specific insur- ance 2. Blanket insur- ance This type of insurance designates a particular item to be insured This type of insurance covers more than one item of property at a single location or one more items of prop- erty at multiple locations. 3. Speculative possibility of both gain and loss. Not insurable. 4. Pure only the possibility of loss. Insurable. 5. What are the 5 methods of man- aging or handling risk? avo...

Lambert Jewelers' BOP doesn't provide adequate coverage for jewelry and gems it owns, jewelry in its care that is owned by customers, and assorted items of property. What kind of commercial inland marine coverage do you recommend? - ANSWERS,Jewelers Block Abbie's homeowners policy responds to a lawsuit filed against her. In addition to paying up to the limit of liability, how else will Coverage E ' Personal Liability on her policy respond? - ANSWERS,it will provide a defense Valeri...

LICENSING EXAM- PA Property & Casualty Q&A 2023 Already PASSED An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of an earthquake, mudslide, landslide, or sinkhole. *ANS* an Earth movement exclusion An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of the fact that the individual did not maintain the property. *ANS* Neglect exclusion Which Home Owne...

property and casualty exam questions and answers Solved 2023 The Commercial Property policy applies a limit of what dollar amount for business personal property temporarily away from the premises? - $10,000 What is the name of the organization created to provide auto insurance to individuals who have been unable to obtain it through the private market? - The Connecticut Automobile Insurance Assigned Risk Plan Which term describes the situation when two policies covering the same propert...

Physical damage coverage under a garage policy is a blanket limit for covered auto, an accurate statement? - ANSWER-Yes; The dealer's physical damage limit would be done on a blanket limit basis. This would apply to comprehensive and collision losses to the auto inventory of the dealer. This is done because it is simply not practical to schedule each dealer owned vehicle for physical damage. This is generally accomplished by the use of a monthly reporting form. An insured owns a motorcycle, ...

LA Claims Adjuster Property and Causality Practice Exam 2 Questions and answers 2023 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 normally ...

Property and Casualty Insurance Test Question Notes. Questions and answers, 100% Accurate. Rated A What is a peril? - A Peril is a cause of loss What is a hazard? - Something that increases the chance of a loss What is the difference between a Moral hazard and a Morale Hazard? - Moral Hazard - dishonesty, against the law Morale Hazard - carelessness What is the method of handling risk that involves a deductible? - Retention (loss or portion of loss) If a fire causes damage to a...

Liability insurance policies are what kind of contracts - ANSWER-third party contracts third party contracts do what - ANSWER-promise to pay on behalf of the insured all damages two forms of legal liability - ANSWER-civil and criminal liability what is a tort - ANSWER-A civil wrong who is the tortfeasor - ANSWER-someone who committed the tort joint tortfeasor - ANSWER-two or more people who commit a single tort in civil lawsuit, the tortfeasor is referred to as - ANSWER-the def...

An endorsement is available for hired and nonowned auto on BOP liability... A. Only if the insured does not have commercial auto coverage B. In addition to commercial auto coverage C. Only if the insured has 4 or more employees D. Never A The Mail Coverage Form is always written on a reporting form basis; after the end of each reporting period shown in the declarations, reports are due within... A. 45 days B. 15 days C. 30 days D. 31 days C The inland marine coverage form...