Auto liability - Study guides, Class notes & Summaries

What is an eligible building for flood insurance?: A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community What is Builders Risk Coverage?: Covers buildings in the course of completion. Proper coverage is 100% of expected completed value Do all Homeowners policies contain Coverage A?: No, HO-4 (Renters person- al property) What is casual labor in workers' compen...

Colibri Real Estate (Real Estate Express) Final Exam Review (UPDATED) Fully Solved Assured A+. Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission p...

Haal in één keer je auto theorie-examen met deze samenvatting! De samenvatting bevat alle onderwerpen in het theorie-examen en is helemaal up-to-date. Het document bevat veel plaatjes en overzichten. Inclusief een gratis te oefenen theorie-examen die hetzelfde is als bij het CBR!

Test Bank for Principles of Risk Management and Insurance 14e 14th Edition by George E. Rejda, Michael J. McNamara. ISBN-13: 1293 Full Chapters test bank included PART 1: BASIC CONCEPTS IN RISK MANAGEMENT AND INSURANCE 1. Risk and Its Treatment 2. Insurance and Risk 3. Introduction to Risk Management 4. Enterprise Risk Management and Related Topics PART 2: THE PRIVATE INSURANCE INDUSTRY 5. Types of Insurers and Marketing Systems 6. Insurance Company Operations 7. Financial Op...

Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM coverage pay? a) $125,000 b) $75,000 c) $50,000 d) $25,000 CORRECT ANSWER c) $50,000 Underinsured motorist coverage acts as excess over the at-fault motorist's coverage. It will pay the d...

CIC Commercial Multiline Exam Identify and describe the three primary purposes of excess liability/umbrella policies (LO1) - ANSWER 1. Provide additional limits that are excess over underlying limits of insurance 2. Provide primary coverage when underlying poliy does not respond beacuse its aggregate limits of insruance are exhausted. 3. Provide broader coverage than the exsiting underlying insurance excess liability coverage forms and commercial umbrella liability policy - ANSWER 1...

What are 4 major loss exposures covered by CGL Form? LO1 1. Premises Liability (slip and fall due to water on the floor) 2. Operations Liability (Tree trimmer causes damage to power lines by removing fallen limbs) 3. Product Liability (ladder collapses when being used as intended) 4. Completed Operations A contractor installs a hot water heater and leaves the home, 2 days later, water overflows onto the floor causing damage because the hot water heater was improperly installed. ...

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis - Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion - Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use - Loss of Use Which...

Connecticut Casualty Adjuster Test for All Lines with correct answers + rationales. Insurer in Connecticut, Alien insurer, CGL definitions, HO-6 form, personal auto policy (PAP) coverage, Coverage A / B / C & D, Bailee, Constructive total loss, Reasonable Expectation Doctrine, Homeowners Coverage C, business adjusting claims in Connecticut, risk control, risk transference, risk retention, risk avoidance, Drive Away Liability endorsement, Drive Other Car endorsement, Business Auto policy, Per...

NC ADJUSTER LICENSE PRACTICE EXAM 2024/2025 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED Manny is purchasing a Commercial Property policy with a Business Income form included. Manny can select from any of the following as a method to provide coverage, while avoiding the coinsurance requirement, EXCEPT: - CORRECT ANSWER The maximum monthly limit of indemnity optional coverage The traditional definition of actual cash value (ACV) is: - CORRECT ANSWER Replacement cost min...

The required minimum amounts of liability car insurance coverage in Maine Answer - 50/100/25 Would a ferry crashing between the coast of Maine and Nova Scotia a be covered by the personal auto insurance policy Answer - No Limit on Theft of Unscheduled Jewelry Answer - $1500 When insurer and insured cannot agree on loss Answer - they each hire an appraiser If the appraisers cannot agree on loss Answer - they select an umpire If the appraisers cannot agree on an umpire Answer - a ju...

Dram Shop Liability refers to: ANSWER: Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? ANSWER: Neglect. To be eligible for the New York assigned risk auto plan a person must: ANSWER: Hold a valid driver's license. Any insurance adjuster whose license has been revoked for cause...