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In a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or use - correct answer Professional liability In a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance protection guarantees protection again...

State Farm License- Standard Fire Policy Exam Questions And Answers Standard Fire Policy - the policy written for both Personal Lines (residential home or dwelling) or as Commercial Lines (official building) are the same! - fire insurance is another name for property insurance - can insure the building structure and/or the personal property. - not a HO policy since it does not cover theft of content and does not have liability coverage - never sold w/o adding Endorsement to ...

Property and causality Exam ADP Questions and Answers 100% Pass In a commercial general liability policy medical payment pay for medical expenses Without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or use Professional liability In PA, what is the minimum amount required for damages for liability to cover motor vehicles accidents? a. 15K, 30K, 5K Under an equipment breakdown...

A company decides to reflect the worker's compensation losses against the profit function and to determine how many units must be sold to offset these costs. Indirect costs are five times direct costs and there is a profit margin of 15% on each unit sold and the worker's compensation for the last year were $90,000. What is the volume in sales needed to offset the worker's compensation losses, when the losses are treated as production costs? - Answer-The profit margin is 15%, indirect cost is ...

According to the time payment of claims provision, the insurer must make the payment immediately after receiving proof of loss except: - if the insured is able to eventually return to work -if the death is suicide or due to a pre existing condition -when the policy is in the incontestability period -for claims involving periodic payments - answer-for claims involving periodic payments Insurers must pay lump sum claims immediately after receiving proof of loss What does coinsurance me...

An earned premium resulting from the cancellation of a policy is calculated on: - 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: - Answer-Excess Direct Coverage An insurance company writing business in a state other than the one in which it is domiciled is called: - Answer-a Foreign Y is running a home...

Kentucky Life and Health Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (Latest 2024/ 2025 Update) Q: what is loss exposure state of being subject to a passible loss Q: what does it mean to be defineable Answer: definite as to time, cause and location Q: what does it mean to be measurable Answer: companies will state how much they will pay for a covered loss Q: is loss due to war covered Answer: no Q: can accidental b...

In a commercial general liability policy medical payment pay for medical expenses correct answers without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or use correct answers Professional liability In PA, what is the minimum amount required for damages for liability to cover motor vehicles accidents? correct answers 15K, 30K, 5K Under an equipment breakdown coverage form, a breakdow...

In a commercial general liability policy medical payment pay for medical expenses correct answers Without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or use correct answers Professional liability In PA, what is the minimum amount required for damages for liability to cover motor vehicles accidents? correct answers a. 15K, 30K, 5K Under an equipment breakdown coverage form, a break...

California Property and Casualty Exam Questions and Answers 100% Pass Which of the following is incorrect? Part A covers long term care Part A covers hospital care Part B covers physicians Part B requires monthly premium payments - Correct Answer ️️ -Part A covers long term care Medical payments coverage under the personal auto policy applies for medical bills insured up to how long after an accident? One year Five years Three years Two years - Correct Answer ️️ -Three years...