Definitions

Question 1

What is something that increases the chance of loss from a peril?

Answer 1

A Hazard

Question 2

What is “to make whole again”?

Answer 2

Indemnify

Question 3

What is the potential for financial loss associated with damage or destruction of property?

Answer 3

Insurable Interest

Question 4

What is the means of reducing risk by combining a sufficient number of exposure units to make their collective losses individually predictable?

Answer 4

Insurance

Question 5

What is the person who purchases insurance called?

Answer 5

The Insured

Question 6

What is the mathematical principle on which insurance is based that says that the more exposure units in the mix, the easier it becomes to predict the group’s losses?

Answer 6

Law of Large Numbers

Question 7

What is the loss of money or things worth money?

Answer 7

Loss

Question 8

What is a cause of loss, such as fire or theft known as?

Answer 8

A Peril

Question 9

What is the consideration paid by the insured in exchange for the insurer’s promise to indemnify?

Answer 9

Premium

Question 10

What is the chance of an economic of monetary loss known as?

Answer 10

Risk

Question 11

What is traditionally referred to as the first standard property policy? Its provisions are incorporated into many state statutes regarding minimum coverage that must be provided.

Answer 11

1943 New York Standard Fire Policy

Question 12

What encompasses three general areas: liability, personal, and property.

Answer 12

Casualty Insurance–originally the term “casualty” meant insurance against losses from accidents (casualties)

Question 13

What traditionally provides protection for property in transit over land; and today, to collections, personal property and other coverages for movable property?

Answer 13

Inland Marine

Question 14

What is insurance that covers property that is in some way related to transportation?

Answer 14

Marine Insurance

Question 15

What lists what may and may not be written as marine insurance?

Answer 15

Nationwide Marine Definition

Question 16

What is the failure to exercise the degree of care that a reasonable and prudent person would use under similar circumstances?

Answer 16

Negligence

Question 17

What provides protection for waterborne property?

Answer 17

Ocean Marine

Question 18

What is insurance that covers property at a fixed location?

Answer 18

Property Insurance

Question 19

What clause provides protection for cargo from the time it leaves the first warehouse until it reaches its final destination point?

Answer 19

Warehouse to Warehouse Clause

Question 20

What is a government program that offers property and crime insurance in the inner cities?

Answer 20

FAIR Plan–stands for “Fair Access to Insurance Requirements”

Question 21

What is an area defined as being subject to flooding?

Answer 21

Flood Plain

Question 22

Who offers coverage only to members of a particular group?

Answer 22

Fraternal Insurers

Question 23

This is an association of independent underwriters, each of whom personally guarantees to indemnify an insured for a certain percentage of the policy amount

Answer 23

Lloyd’s of London

Question 24

What is an insurance company “owned” by its policyholders known as?

Answer 24

A mutual Company

Question 25

What is a group of individuals or firms who combine to pay each other’s losses called?

Answer 25

Reciprocal Insurers

Question 26

What is it called when a company pays for its own losses? Preferred term for “self-insurance”

Answer 26

Retention

Question 27

What is a minimum level of protection provided by the government? Participation is mandatory.

Answer 27

Social Insurance

Question 28

What is an insurance company publicly traded and owned by shareholders?

Answer 28

A stock company

Question 29

What is an insurance company that provides voluntary insurance coverage known as?

Answer 29

Voluntary Insurers

Question 30

What is a government program in coastal states that provides windstorm coverage?

Answer 30

Wind Pool

Question 31

What is it when private insurers offer flood insurance that is re-insured by the Federal government?

Answer 31

Write Your Own (WYO)

Question 32

What is a contract in which the amounts exchanged are not equal?

Answer 32

Aleatory Contract

Question 33

What is one of the obligations of either the insured or the insurer imposed in the insurance contract known as?

Answer 33

Conditions

Question 34

What is a policy provision that says the policy follows a state’s law if the law and policy language are in conflict?

Answer 34

Conformity to Statute

Question 35

What is a contract drawn by one party and offered to another on a “take it or leave it” basis?

Answer 35

Contract of Adhesion

Question 36

What tells who is being insured, the time period, and the premium?

Answer 36

The Declarations Page

Question 37

What is the immediate consequence of the action of an insured peril? Actual physical damage that results directly from an insured peril.

Answer 37

Direct loss

Question 38

What are the policy attachments that add, delete, explain, or define coverage?

Answer 38

Endorsements

Question 39

What tells which losses are not covered by a policy?

Answer 39

Exclusions

Question 40

What is to make whole again financially? It means to put the insured back into the same financial position he or she was in before a loss occurred.

Answer 40

Indemnify

Question 41

What arises after direct losses, such as the income a business loses after a fire destroys its premises?

Answer 41

Indirect losses

Question 42

What is the indemnity contract between an insured and an insurer?

Answer 42

The Insurance Policy

Question 43

What is the insurer’s promise to provide the insurance in exchange for payment of the premium?

Answer 43

Insuring Agreement

Question 44

Who is the party or parties specifically named in an insurance contract, and shown in the declarations?

Answer 44

The named insured

Question 45

What covers all losses except those specifically excluded?

Answer 45

Open Perils Policy

Question 46

Who are those to whom the policy extends protection?

Answer 46

Other Insured Persons

Question 47

What is a potential cause of loss?

Answer 47

A peril

Question 48

What is a policy provision that allows an insurer to recover paid losses from others who are responsible for the loss?

Answer 48

Subrogation

Question 49

What is anything a principal authorizes the agent to do?

Answer 49

Actual Authority

Question 50

What is a legally recognized relationship between two parties in which on one party - the principal - contracts with another - the agent - to act on the principal’s behalf?

Answer 50

Agency

Question 51

What is an individual who has a contract with an insurer (the principal) to sell its products; is usually compensated by commission. Under the law of an agency, this person acts on behalf of the principal with the knowledge and consent of the principal.

Answer 51

The Agent

Question 52

What is the authority that a reasonable third party believes to exist in an agent of a principal?

Answer 52

Apparent Authority

Question 53

Who places business with several insurers, but does not have contracts with them? This person serves as a conduit between insured and insurance company, directly by the insurer.

Answer 53

The Broker

Question 54

What is a system for selling insurance that use licensed, salaried personnel, rather than traditional agents? In this system, insurance is marketed via phone, direct mail, and the Internet.

Answer 54

Direct Response

Question 55

Who is an agent that is an employee of an insurer, rather than as an independent, holding contracts with an insurer (or insurers)?

Answer 55

Direct Writer Agent

Question 56

What means that the agent must account for any money entrusted to him by the principal?

Answer 56

Duty of Accounting

Question 57

What is owed by an agent to the principal? The agent must not do anything to harm the principal.

Answer 57

Duty of Loyalty

Question 58

What means that the agent must obey all lawful instructions from the principal?

Answer 58

Duty of Obedience

Question 59

What means that the agent must exercise the same degree of care as a reasonable and prudent person?

Answer 59

Duty of Reasonable Care

Question 60

What means that the agency must keep the principal informed about any factors that affect the principal-agent relationship?

Answer 60

Duty to Give Information

Question 61

What is an agent that has a contract with only on insurer? This person may or may not be an employee of the insurance company he represents.

Answer 61

Exclusive agent

Question 62

What is an agent that has contracts with several insurers? The agent has the right to place his or her customers with any insurer he or she wishes. “Owns” the expirations.

Answer 62

Independent Agent

Question 63

Who is the individual or entity that is represented by an agent? In the American insurance industry, the insurance company is this and the individual who represents the insurance company in the sales transaction is the agent.

Answer 63

Principal

Question 64

Who is anyone that “produces” business for an insurer, such as an agent or broker?

Answer 64

Producer

Question 65

Who is an employee of an agent with usually two functions; to sell insurance and to service existing accounts?

Answer 65

The solicitor

Question 66

Who is a specialized broker who finds markets for risks that have trouble getting insurance?

Answer 66

Surplus lines broker

Question 67

What is it called when some insurers give their agents the authority to settle small, first-party claims?

Answer 67

Agent as Adjuster

Question 68

What is an insurance company that is organized under the laws of a foreign company?

Answer 68

Alien Insurer

Question 69

What are the steps followed in the adjusting of a claim known as?

Answer 69

The Claims Process

Question 70

What is an insurance company that is organized under the laws of a state other than the state where it is seeking to be licensed?

Answer 70

Foreign Insurer

Question 71

What is an insurance company that is organized under the laws of the state where it is also seeking to be licensed. It’s “home state”.

Answer 71

Domestic Insurer

Question 72

What is an adjuster who works for several companies on a contract basis?

Answer 72

Independent Adjuster

Question 73

Who serves as the “middleman” between insurers and their agents?

Answer 73

Marketing Representative

Question 74

What arises out of the dishonesty of an insured?

Answer 74

Moral Hazard

Question 75

What is characterized by an indifference to loss on the part of the insured?

Answer 75

Morale Hazard

Question 76

What is the organization that is made up of the various states’ insurance commissioners. It works through these members to attempt to make the regulation of insurance more uniform from state to state.

Answer 76

National Association of Insurance Commissioners

Question 77

What is an objective characteristic that increases the chance of loss?

Answer 77

Physical Hazard

Question 78

What is a sworn statement by an insured giving all necessary information about a loss?

Answer 78

Proof of loss

Question 79

Who represents the insured in disputes with insurers over property claims?

Answer 79

Public Adjuster

Question 80

Who is an employee of an insurer who adjusts claims only for that company?

Answer 80

Staff Adjuster

Question 81

Who selects which applications to accept and which to decline? He or she decides for which applicants an insurer should put its assets at risk.

Answer 81

Underwriter

Question 82

What is coverage for indirect losses that would not otherwise be covered by the CP policy known as?

Answer 82

Additional coverages

Question 83

What is the principal contract for insuring the building and business personal property exposures for the commercial insureds? It is generally referred to as the “CP Policy”.

Answer 83

Building and personal property coverage form

Question 84

What is personal property owned and used in the business of the named insured, including personal property of others in the care, custody or control of the named insured called?

Answer 84

Business Personal Property

Question 85

What is damage directly caused by a covered cause of loss?

Answer 85

Direct damage

Question 86

What is damage that arises as a result of a direct loss - such as loss of income when a business must shut down due to a fire?

Answer 86

Indirect or consequential damage

Question 87

What is a common industry term, which no longer appears in the policy, for an insurable event?

Answer 87

Peril

Question 88

What is a piece of property that is set up for use and intended to remain in the same place without fundamental change?

Answer 88

Permanently installed

Question 89

What is a broader term than building for anything that is constructed?

Answer 89

Structure

Question 90

What is the optional coverage that provides a predetermined amount in case of a total loss?

Answer 90

Agreed Value

Question 91

What is additional insurance for things already covered under the CP policy?

Answer 91

Coverage Extensions

Question 92

What is coverage for the expense of removing debris of covered property that has been damaged by a covered cause of loss?

Answer 92

Debris removal

Question 93

What is coverage for the additional costs of complying with enforcement of an ordinance or law regulating the construction or repair of buildings after a loss?

Answer 93

Increased cost of construction

Question 94

What is a provision by which the limits of coverage are increased on a regular basis by a designated percentage in order to offset increasing building costs associated with inflation?

Answer 94

Inflation guard

Question 95

What are items usually worn or carried on a person?

Answer 95

Personal effects

Question 96

What is all property other than real estate?

Answer 96

Personal property

Question 97

What is an “abrupt falling down or caving in”? This falling down or caving in may be of a building or any part of a building.

Answer 97

Collapse

Question 98

What holds that losses are covered if caused jointly by an excluded peril, such as flooding or earth movement, and some other peril not excluded by the policy, such as negligent construction?

Answer 98

Concurrent causation docturine

Question 99

What is a specific list of covered causes of loss, such as fire, lightning, or wind, contrasted to open perils, which provides coverage for any damage not otherwise excluded?

Answer 99

Named perils

Question 100

What is a hole in the ground created when water wears upon limestone or dolomite?

Answer 100

Sinkhole

Question 101

What is the willful and malicious damage to or destruction of covered property?

Answer 101

Vandalism

Question 102

What are the exclusions added to modern property policies in response to litigation activity involving the concurrent causation doctrine? They are designed to avoid unintended insurance recovery in situations that involve damage that can be said to be caused by both an excluded peril and a non-excluded peril. This is a legal theory finding coverage for loss or damage to property if such loss or damage is caused by more than one peril, one of which is excluded under the terms of the policy and one of which is not excluded.

Answer 102

Concurrent Causation Exclusions

Question 103

What are the indirect losses that are the result of a covered loss, such as a restaurant’s loss of customers and the attendant revenue, while rebuilding after a fire?

Answer 103

Delay, loss of use, loss of market

Question 104

What is property coverage that applies to “risks of loss” on a general basis, in contrast with policies that cover for specifically identified perils. Formerly it was known as “all risks” coverage.

Answer 104

Open Perils

Question 105

Who is the person that is charged with the care of the property of another? For example, a garage is this of a customer’s car…a jeweler is this of a customer’s jewelry while in for repair or appraisal.

Answer 105

Bailee

Question 106

What is the broadening of coverage without an added charge to the insured?

Answer 106

Liberalization

Question 107

What is the insured’s right, after payment of a loss, to collect from the ultimate wrongdoer (the party causing the loss)?

Answer 107

Subrogation

Question 108

What is the indirect loss arising out of direct damage to property, such as spoilage of food following lightning damage to a freezer unit?

Answer 108

Consequential loss

Question 109

What is an attachment to a basic policy that becomes part of the policy and modifies coverage? These can add, delete, or modify provisions in the basic policy

Answer 109

Endorsements

Question 110

What is an alternative valuation method that provides for the replacement of a scheduled building with similar property that performs the same function but is less costly?

Answer 110

Functional Valuation

Question 111

What are the various categories of business personal property (stock, machinery and equipment, furniture, fixtures, tenant’s improvements and betterment) may be assigned individual limits of insurance through the use of this endorsement?

Answer 111

Separation of Coverage

Question 112

What is an unauthorized code into a computer?

Answer 112

A computer virus

Question 113

What is property that cannot be seen or felt, such as customer records, patents, and trademarks?

Answer 113

Intangible property

Question 114

What is the damage that is covered by property insurance policies?

Answer 114

Physical damage

Question 115

What is the insurance policy that pays for offensive litigation against a patent infringer?

Answer 115

Prosecution or abatement policies

Question 116

What is protected by new e-policies?

Answer 116

Revenue stream

Question 117

What is the method used to place a value on damaged property? Helps determine what is the value of e-property and intellectual property?

Answer 117

Valuation

Question 118

What is a commercial general liability form that applies to claims for injury or damage that are first made during the policy period?

Answer 118

Claims-made form

Question 119

What is the first coverage in Section 1 of the CGL policy?This consists of 2 sections; BI and PD. The BI and PD section deals with BI to others and damage to property of others for which the insured is liable.

Answer 119

Coverage A

Question 120

What is the second coverage in Section 1 of the CGL policy? The personal and advertising liability section deals with injuries that arise out of named offenses, such as libel, slander, or false arrest.

Answer 120

Coverage B

Question 121

What is the third coverage in Section 1 of the CGL policy? The medical payments section pays medical expense without regard to liability.

Answer 121

Coverage C

Question 122

What is a person employed by the named insured; this includes leased workers, but not temporary workers. They have insured status in certain circumstances.

Answer 122

Employee

Question 123

What defines what contracts are covered by the policy as contractual liability coverage?

Answer 123

Insured Contract

Question 124

Who is a person leased by the named insured from a labor-leasing firm?

Answer 124

Leased worker

Question 125

What is a commercial liability form that covers injury or damage that occurs during the policy period, regardless of when the claim is brought?

Answer 125

Occurrence form

Question 126

What is short-term substitute employee, other than a leased employee?

Answer 126

Temporary worker

Question 127

What is a physical injury, sickness, or disease?

Answer 127

Bodily Injury

Question 128

What is part of the insuring agreement of many policies where the insurer has the duty to defend the insured in event of an allegation of covered loss?

Answer 128

Duty to defend

Question 129

What is an event that triggers coverage under the CGL policy, including continuous or repeated exposure to substantially the same general, harmful conditions?

Answer 129

Occurrence

Question 130

What is physical injury to, destruction of, or loss of use of tangible property of others?

Answer 130

Property Damage

Question 131

What is an action for damages that does not flow directly and immediately from the act of a party, but only from the consequences or results of an act. This action may be brought by the spouse, child, parents, or sibling of a co-workers injured by another co-worker.

Answer 131

Consequential damage actions

Question 132

What is a person employed by the named insured? This includes leased workers but not temporary workers.

Answer 132

Employee

Question 133

Who is a person holding any of the officer positions created by the charter, constitution, by laws or similar governing document of the name insured organization known as?

Answer 133

Executive officer

Question 134

Who is the legal representative that has all of the insured’s rights and duties under the coverage form in the case of the death of the named insured?

Answer 134

The legal representative

Question 135

What is it called when two or more policies cover the same interests for the same exposures? Each policy is said to represent other insurance to the other.Most insurance policies contain clauses that specify how or if claims will be paid if other insurance exists for the same exposures.

Answer 135

Other Insurance

Question 136

What is the value of losses that have been estimated and set up for future payment?

Answer 136

Reserves

Question 137

What is a period of time allowing for the reporting of claims after expiration of a claims-made policy. This is provided at no charge and allows coverage to extend five years for claims reported to the insurer during the policy period or 60 days after the expiration

Answer 137

Basic extended reporting period

Question 138

What is the event that brings coverage into play?

Answer 138

Coverage trigger

Question 139

What is coverage designed to be in excess over one or more primary coverages and which does not pay a loss until primary limits are exceeded or the loss amount exceeds a specific sum?

Answer 139

Excess Coverage

Question 140

What is a designated length of time after the expiration of a claims-made policy when claims may be reported. Periods beyond this period may be arranged by endorsement to the CGL coverage form.

Answer 140

Extended reporting period

Question 141

What is the basic insurance coverage that applies first to a claim or loss? This contrasts with excess insurance.

Answer 141

Primary Coverage

Question 142

What is the date that defines the extent of coverage in time under claims-made liability policies? Claims resulting from occurrences prior to the policy’s state retroactive date are excluded.

Answer 142

Retroactive date

Question 143

What is available for an additional premium and begins when the basic period ends?

Answer 143

Supplemental extended reporting period

Question 144

What is the term for an extended reporting period?

Answer 144

Tail coverage

Question 145

What is the liability that may be imposed on an employer outside the provisions of a workers compensation law? In general, the CGL coverage form does not cover liability arising out of injuries to an employee of the insured.

Answer 145

Employers Liability

Question 146

What are provisions in an insurance policy that restrict or eliminate coverage?

Answer 146

Exclusions

Question 147

What is tangible property which cannot be used or has become less useful because it incorporates the insured’s product or work which is defective or inadequate or because the insured has breached a contractual obligation, if such property can be restored to use by the repair?

Answer 147

Impaired property

Question 148

What defines what type of contractual liability is covered by the CGL form

Answer 148

Insured Contract

Question 149

What are classes of land vehicles specifically described on the CGL form?

Answer 149

Mobile Equipment

Question 150

What is bodily injury and property damage occurring away from the named insured’s premises and arising out of the named insured’s product or work called?

Answer 150

Product - completed operations hazard

Question 151

What is property that is material and can be touched?

Answer 151

Tangible property

Question 152

What is the named insured’s goods or products, other than real property called?

Answer 152

Your Product

Question 153

What is the named insured’s work or operations performed by the named insured?

Answer 153

Your Work

Question 154

What is the failure to perform a promise that is part of a contract?

Answer 154

Breach of contract

Question 155

What is the violation of private rights and remedies for that violation?

Answer 155

Civil wrong

Question 156

What is a violation relating to a crime?

Answer 156

Criminal wrong

Question 157

What is any solid, liquid, gaseous, or thermal irritant or contaminant?

Answer 157

Pollutants

Question 158

What is the responsibility for injuries and damages as established by law?

Answer 158

Legal liability

Question 159

What are medical expenses due to an accident that the insurer will pay regardless of fault?

Answer 159

Medical payments

Question 160

What is the legal obligation established by a contract?

Answer 160

Contractual liability

Question 161

What are the reasonable attorney fees and necessary litigation expenses incurred by the insured and paid by the insurer?

Answer 161

Defense cost coverage

Question 162

What is the right of use over the property of another?

Answer 162

Easement or license agreement

Question 163

What is coverage for liability arising form damage by fire to premises rented to the named insured?

Answer 163

Fire damage liability coverage

Question 164

What is it called when one party agrees to hold another party harmless in case a claim is made for injuries or damages by a third party?

Answer 164

Hold harmless agreement

Question 165

What does it mean to restore the victim of a loss in whole or in part by payment, repair, or replacement, to put the insured back into the same financial position he or she was in before a loss occurred?

Answer 165

Indemnify

Question 166

What is an agreement for exclusive possession of premises?

Answer 166

Lease of Premises

Question 167

What is an agreement between business and railroad pertaining to the railroad building a track onto the business’s property and the railroad being held harmless?

Answer 167

Sidetrack agreement

Question 168

What are expenses paid by the insurer in addition to the limits of insurance?

Answer 168

Supplementary payments

Question 169

What are expenses paid to clean up a pollution spill?

Answer 169

Cleanup costs

Question 170

What is a fire that is not confined to the place intended or one that is not started intentionally?

Answer 170

Hostile fire

Question 171

What are liability risks facing the insured for injury or damage off the insured’s premises?

Answer 171

Off-premises exposure

Question 172

What is a law requiring certain activity?

Answer 172

Statutory requirement

Question 173

What is an exclusion applying to property damage to premises that the named insured sells, gives away or abandons?

Answer 173

Alienated premises exclusion

Question 174

What is an exclusion that applies to property that must be restored, repaired, or replaced due to the named insured’s work being incorrectly performed on it?

Answer 174

Faulty workmanship exclusion

Question 175

What is all property other than real estate?

Answer 175

Personal property

Question 176

What do we call land and generally whatever is erected or affixed to land?

Answer 176

Real property

Question 177

What are the nine numerical symbols used on the BAP to designate a covered auto?

Answer 177

Designation symbol

Question 178

What are autos that the named insured leases, hires, rents, or borrows?

Answer 178

Hired autos

Question 179

What are autos that the named insured does not own, lease, hire, rent, or borrow that are used in connection with the named insured’s business?

Answer 179

Non-owned autos

Question 180

What is a four-wheel auto of the private passenger or station wagon type, including a pickup, panel truck, or van not used for business?

Answer 180

Private passenger auto

Question 181

What is an auto not owned by the named insured while sued as a temporary substitute for a covered auto owned by the named insured that is out of service?

Answer 181

Temporary substitute auto

Question 182

What is an unforeseen and unplanned even on the part of the insured?

Answer 182

An accident

Question 183

What is any cost or expense arising out of any request, demand, or order, demanding that he insured cleanup or respond to the effects of pollutants?

Answer 183

Covered pollution cost or expense

Question 184

What sets out certain circumstances under which liability coverage is precluded?

Answer 184

Exclusion

Question 185

What is any person or organization qualifying as an insured in the who is an insured clause of the BAP?

Answer 185

Insured

Question 186

What is most the insured will pay for the total of all damages and covered pollution cost or expense combined called?

Answer 186

Limit of insurance

Question 187

What are payments made by the insurer in addition to the limit of insurance?

Answer 187

Supplementary payments

Question 188

What is the covered auto’s collision with another object or its overturn?

Answer 188

Collision

Question 189

What is any cause of loss except collision?

Answer 189

Comprehensive coverage

Question 190

What is the amount that the insured is responsible for in the event of a loss?

Answer 190

Deductible

Question 191

What is the loss of value for a damaged auto after that vehicle has been repaired?

Answer 191

Diminution in value

Question 192

What is the direct and accidental loss or damage to a covered auto?

Answer 192

Loss

Question 193

What are the expenses incurred by the insured to rent or borrow a car because the covered auto has been stolen?

Answer 193

Temporary transportation expenses

Question 194

What is the process by which the amount of physical damage loss on a covered auto decided?

Answer 194

Appraisal

Question 195

What are actions on the party of the insured that allow the insurer to void coverage?

Answer 195

Concealment, misrepresentation or fraud

Question 196

What is the U.S, its territories and possessions, Puerto Rico, and Canada

Answer 196

Coverage territory

Question 197

What are the list of steps the insured must take after a claim or loss to assist the insurer in settling the claim or loss?

Answer 197

Duties of the insured

Question 198

What is auto physical damage loss that does not include loss of use of the auto?

Answer 198

Direct loss

Question 199

What is a person leased to the named insured by a labor leasing firm?

Answer 199

Leased worker

Question 200

Who is a certain person or organization scheduled as an insured on an endorsement for liability coverage?

Answer 200

Designated insured

Question 201

What is an individual or company hired by an auto dealer to drive cars from point A to point B?

Answer 201

Drive-away contractors

Question 202

What is a vehicle used as a mobile snack bar or lunch van, bringing products to customers?

Answer 202

Rolling Store

Question 203

What is a land motor vehicle that is designed for use on ice and snow and mainly off public roads?

Answer 203

Snowmobile

Question 204

What is determining the state in which to file a workers compensation claim by comparing the quality of benefits mandated by two or more states in which the claim could legally be filed?

Answer 204

Forum Shopping

Question 205

What is are the obligations imposed by law for injury to employees in the course of employment that are not compensable under the workers compensation section…

Answer 205

Employers Liability

Question 206

What provides workers compensation and employers liability coverage in states that are not listed on the information page and reimburses the insured if the insurer is not permitted to pay benefits required by the applicable workers compensation law directly to persons entitled to them.

Answer 206

Other States Insurance

Question 207

What are duties that are imposed through state or federal laws?

Answer 207

Statutorily

Question 208

What entitles the insurer to recover its workers compensation payments from a party that can be shown to be actually liable for an employee’s injuries?

Answer 208

Subrogation Clause

Question 209

What is a system in which injured employees lose the right to sue employers for employment-related injuries in return for a statutorily imposed mechanism that provides specific scheduled benefits?

Answer 209

Workers Compensation

Question 210

What is the overall limit of liability coverage (as opposed to the amount available for a single incident)?

Answer 210

Aggregate limit

Question 211

What is an explanation to prevent misinterpretation?

Answer 211

Caveat

Question 212

What does it mean to bring about by force or threat?

Answer 212

Coercion

Question 213

What is the legal right of one spouse to the company, affection and assistance of and to sexual relations with the other?

Answer 213

Consortion

Question 214

What does it mean to harm the reputation of by libel or slander?

Answer 214

Defamation

Question 215

What are the monopolistic states?

Answer 215

North Dakota, Ohio, Washington, West Virginia, and Wyoming

Question 216

What are the actions that arise when an injured employee sues a negligent third-party who in turn sues the employer for contributory negligence?

Answer 216

Third-Party-Over Actions

Question 217

What is the mathematical comparison between a company’s workers compensation losses and those of other businesses engaged in similar types of work that may increase or decrease the premium?

Answer 217

Experience Rating Factor

Question 218

What is the right to inspect the workplace ‘at any time’?

Answer 218

Inspections Clause

Question 219

With is the workers compensation policy written for longer than one year and sixteen days? Such policies are considered to be “newly written” on each annual anniversary date.

Answer 219

Long Term Policy

Question 220

What is the transfer of the insured’s rights or duties under an insurance policy to another party?

Answer 220

Transfer of rights

Question 221

What is a condition of the policy that prevents the insured from transferring his or her rights or duties to another party without the written consent of the insurer?

Answer 221

Transfer of Rights Clause

Question 222

What is the termination of an insurance contract, whether by the insurer or the insured?

Answer 222

Cancellation

Question 223

This is designed to provide liability insurance for an employer in monopolistic states in which the state only offers workers compensation coverage.

Answer 223

Stop Gap Coverage