Liability limits - Study guides, Class notes & Summaries

AINS 102 UPDATED PT 1 Questions & Answers Which one of the following is considered real property? Select one: A. An automobile B. A house C. Furniture D. A motorhome - ANS-B The Davis family suffered extensive fire damage to its home and was temporarily unable to inhabit it. The family was forced to rent a hotel room while its home was under repair. The cost incurred to rent the hotel room is referred to as which one of the following outcomes of loss? Select one: A. Lost income B....

TEXAS ADJUSTER EXAM 2024 WITH 100% CORRECT ANSWERS If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - correct answer $30,000 Which of the following statements best describes an inland marine policy? - correct answer Pertains to Cargo with no fixed location Alex is traveling through College Station and hits a deer, and the damages are $1500. He has comprehensive c...

FLORIDA CLAIMS ADJUSTER 2024 NEWEST DETAILED 206 QUESTIONS AND GUARANTEED ANSWERS WITH RATIONALES ALREADY A GRADE. What payment covers several areas of costs related to claims, and are payable in addition to the policy limits? A. Supplementary B. Liability C. Personal Injury D. All of the Above - ANSWER- A. Supplementary Generally, all costs of litigation are covered (court costs, prejudgment interest, judgement interest, cost of bonds to release attachments)

NY Accident & Health Insurance Licensing Exam Study Guide (2024) || Questions & Answers (100% Correct) NY Accident & Health Insurance Licensing Exam Study Guide (2024) || Questions & Answers (100% Correct) Which section of an insurance policy contains language to assist an insurance company in managing morale and moral hazards - ANSWER - The exclusions The funds assessed to be deposited into the NY Special Disability Fund are deposited with? - ANSWER - The Commissioner of Taxation and Fin...

An Insurance company is the_____. correct answers Principle An insurance company issued a homeowners policy that included ambiguous language regarding how a loss was settled. The insured sued the insurance company and won. The judge stated that due to the ambiguous language in the contract the decision must be made in favor of the insured. The judge was basing this decision on which of the following types of insurance contract? correct answers Contract of adhesion The _____ page in an insu...

Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an accident. Which of the following statements about coverage under the parents' personal auto policy is CORRECT? A) Bobby is covered by his parents' policy because he is included in the definition of named insured. B) Bobby is not covered for this accident because he used the car without permission. C) Bobby is not covered ...

FL Vet Law Exam Questions and Answers Already Passed Controlled drug records must be maintained 2yr Time prior to license renewal that reminders sent out 90d time to file permit application prior to opening 14d time from change of responsible vet to notify board 10d in writing min standards for premises restroom, office, 24h phone service, exam room (sinks), pharmacy (blood storage/donor), med records, lab (microscope, centrifuge, UA/hem/blood chem/micro or outside lab), ER car...

SOLVED- ELABORATED-CMCA Practice Test Questions 2022 SOLVED- ELABORATED-CMCA Practice Test Questions 20221. Which of the following is a common management control for ensuring maintenance work is performed in a timely manner? A. A purchase order system B. An equipment warranties C. A work order/response form D. A contractor's invoice C. A work order/response form - A, B, and D speak to elements OTHER than a control to ensure maintenance work is completed. - 2. The primary management control tool...

The term "you" is used throughout the Commercial General Liability Coverage Form. "You" is defined to include: - ️️The named insured shown in the declarations. Smart Endeavors, a retail clothing store, hired ABC Contractors to install a new air conditioning system in one of its stores. ABC misrouted some wires during the installation process, which caused the wires to overheat and caused a fire. The air conditioning unit had to be rewired, which cost $1,000. Smart Endeavors' building...

Georgia Adjuster Exam Questions and Answers Already Passed An insured's business is damaged because of a fire and he is forced to close business temporarily for repairs. As a result the insured lost income. What type of loss is this? Consequential also known as Indirect Loss The insured crashes into a porch and the person sitting on the porch. The person on the porch is injured. The insured's insurance policy has a limit set at $500,000. This amount applies to the total of damages for any bo...