More Questions Flashcards
What is not automatically covered under the Business owners policy?
Mechanical breakdown
What is included under part A oqf a CGL form?
Operations of mobile equipment
Non- owned autos under the Business Auto Coverage form include:
Autos owned by the insured’s employees while being used in the insured’s business
Which of the following is automatically covered under the Businessowners policy ?
Signs attached to the building
All of the following statements regarding flood insurance are true except:
The policy applies a deductible only to loss of contents
Under the BOP, the insurer may examine and audit books and records at any time during the policy period and up to how many years following termination?
3 years
Under coverage C special limits of liability, homeowners policies cover:
Theft of furs up to $1,500
An agent has authority to do all of the following except:
Represent the insureds interest
What does an agent not have the authority to do ?
Represent the insured’s interest
Which of the following workers would be covered unde lr the Jones act ?
A sailor injured by the negligence of others
The comerical basic cause of loss form does not cover which peril ?
Earth movement
What does comprehensive cover under physical damage coverage of the business auto coverage form not cover?
Collision.
What is true regarding the earthquake cause of loss form?
It can be used only with another causes of loss forms
What property would not be eligible for a business owners policy ?
A dry cleaning plant that had had total of 45,000 square feet
What statement is false regarding the business owners policy ?
Supplementary payments include first aid expenses
Which of the following statements is true regarding the camera floater ?
Newly acquired are covered up to 25% of the policy amount until reported
How much does a covered loss under coverage D include for living expenses,faur rental value and civil authority prohibited use provide?
30% coverage
Including debris removal, what is the maximum an H0-3 policy with a coverage A amount of $250000 will pay if a detached garage burns down ?
$26,250 coverage b detached 10% + an additional 5%
Including debris removal, what is the maximum an H0-3 policy with a coverage A amount of $250000 will pay if a detached garage burns down ?
$26,250 coverage b detached 10% + an additional 5%
What does A CGL general aggregate limit not cover ?
Product recall
What is an incorrect statement about the supplementary payments under the CGL?
Supplementary payments apply to loses covered under all section 1 coverages
Under part D- coverages for damages to your auto of the Personal auto policy, vehicle upset would be covered under what ?
Collision.
In Pennsylvania if an insurer delivers written notice of a policy cancelation in 60 days what must they include in the statement?
The availability of the assigned risk plan
What is untrue of the thr homeowners policy ?
The HO-2 Provides open perils coverage on the dwelling
What clause protects the interest of the loss payee?
The loss payable clause
The extended non-owned coverage endorsement to the personal auto policy should be added by an insured who is:
Being furnished a company car
What does not pay regardless of fault ?
Uninsured motorist bodily injury
The person whose responsibility it is to fulfill the obligation of a surety bonding is the :
Principal
Under the dwelling program, Special form (DP-3) coverage:
Is limited by the named exclusions
What’s the broadest available coverage for a new home?
H0-5
What would the basic causes of loss form under the comerical property coverage part not cover ?
Steam boiler explosion
What coverage form covers the cost of replacing or reproducing documents that are important for the continuation of business such as books, filed and maps?
Valuable papers and records coverage form
What statement is not found in the description of the national flood insurance program?
It provides unlimited coverage for qualified property owners
What is untrue about the commerical umbrella policy?
Policies generally cover first party claims
Each participant of a Lloyd’s association is what ?
Individually liable for each risk they assume
Whose policy will be primary for bodily injury coverage for the injured party if the neighbor borrows an insureds car and injures a pedestrian?
The insureds auto policy
What is a yacht policy?
It is an ocean marine form and provides both property and liability coverage
How can coverage for recreational vehicles be added to the personal auto policy
Through the miscellaneous type vehicle endorsement
What dwelling policy covers damaged household and personal property in transit between the insureds old and new residence?
Coverage C
What is not true of the livestock coverage form?
Livestock are covered while in transit by common carrier
What Is untrue of the home business endorsement?
Only property damage is covered
A temporary substitute vehicle is not a covered auto if used to substitute for __________.
A rental car
What insurance policy protects insurance producers?
Errors and omissions
The commercial property policy applies applies limit of what dollar amount for business personal property temporarily away from the premises?
$10,000
What ocean marine insurance provision protects against direct damage caused by bursting of boilers?
Inchmaree clause
Operations of mobile equipment is covered under?
Part A of a CGL policy
Signs automatically fall under which coverage?
Business owners coverage
