More Questions

Question 1

What is not automatically covered under the Business owners policy?

Answer 1

Mechanical breakdown

Question 2

What is included under part A oqf a CGL form?

Answer 2

Operations of mobile equipment

Question 3

Non- owned autos under the Business Auto Coverage form include:

Answer 3

Autos owned by the insured’s employees while being used in the insured’s business

Question 4

Which of the following is automatically covered under the Businessowners policy ?

Answer 4

Signs attached to the building

Question 5

All of the following statements regarding flood insurance are true except:

Answer 5

The policy applies a deductible only to loss of contents

Question 6

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?

Answer 6

3 years

Question 7

Under coverage C special limits of liability, homeowners policies cover:

Answer 7

Theft of furs up to $1,500

Question 8

An agent has authority to do all of the following except:

Answer 8

Represent the insureds interest

Question 9

What does an agent not have the authority to do ?

Answer 9

Represent the insured’s interest

Question 10

Which of the following workers would be covered unde lr the Jones act ?

Answer 10

A sailor injured by the negligence of others

Question 11

The comerical basic cause of loss form does not cover which peril ?

Answer 11

Earth movement

Question 12

What does comprehensive cover under physical damage coverage of the business auto coverage form not cover?

Answer 12

Collision.

Question 13

What is true regarding the earthquake cause of loss form?

Answer 13

It can be used only with another causes of loss forms

Question 14

What property would not be eligible for a business owners policy ?

Answer 14

A dry cleaning plant that had had total of 45,000 square feet

Question 15

What statement is false regarding the business owners policy ?

Answer 15

Supplementary payments include first aid expenses

Question 16

Which of the following statements is true regarding the camera floater ?

Answer 16

Newly acquired are covered up to 25% of the policy amount until reported

Question 17

How much does a covered loss under coverage D include for living expenses,faur rental value and civil authority prohibited use provide?

Answer 17

30% coverage

Question 18

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 ?

Answer 18

$26,250 coverage b detached 10% + an additional 5%

Question 18

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 ?

Answer 18

$26,250 coverage b detached 10% + an additional 5%

Question 19

What does A CGL general aggregate limit not cover ?

Answer 19

Product recall

Question 20

What is an incorrect statement about the supplementary payments under the CGL?

Answer 20

Supplementary payments apply to loses covered under all section 1 coverages

Question 21

Under part D- coverages for damages to your auto of the Personal auto policy, vehicle upset would be covered under what ?

Answer 21

Collision.

Question 22

In Pennsylvania if an insurer delivers written notice of a policy cancelation in 60 days what must they include in the statement?

Answer 22

The availability of the assigned risk plan

Question 23

What is untrue of the thr homeowners policy ?

Answer 23

The HO-2 Provides open perils coverage on the dwelling

Question 24

What clause protects the interest of the loss payee?

Answer 24

The loss payable clause

Question 25

The extended non-owned coverage endorsement to the personal auto policy should be added by an insured who is:

Answer 25

Being furnished a company car

Question 26

What does not pay regardless of fault ?

Answer 26

Uninsured motorist bodily injury

Question 27

The person whose responsibility it is to fulfill the obligation of a surety bonding is the :

Answer 27

Principal

Question 28

Under the dwelling program, Special form (DP-3) coverage:

Answer 28

Is limited by the named exclusions

Question 29

What’s the broadest available coverage for a new home?

Answer 29

H0-5

Question 30

What would the basic causes of loss form under the comerical property coverage part not cover ?

Answer 30

Steam boiler explosion

Question 31

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?

Answer 31

Valuable papers and records coverage form

Question 32

What statement is not found in the description of the national flood insurance program?

Answer 32

It provides unlimited coverage for qualified property owners

Question 33

What is untrue about the commerical umbrella policy?

Answer 33

Policies generally cover first party claims

Question 34

Each participant of a Lloyd’s association is what ?

Answer 34

Individually liable for each risk they assume

Question 35

Whose policy will be primary for bodily injury coverage for the injured party if the neighbor borrows an insureds car and injures a pedestrian?

Answer 35

The insureds auto policy

Question 36

What is a yacht policy?

Answer 36

It is an ocean marine form and provides both property and liability coverage

Question 37

How can coverage for recreational vehicles be added to the personal auto policy

Answer 37

Through the miscellaneous type vehicle endorsement

Question 38

What dwelling policy covers damaged household and personal property in transit between the insureds old and new residence?

Answer 38

Coverage C

Question 39

What is not true of the livestock coverage form?

Answer 39

Livestock are covered while in transit by common carrier

Question 40

What Is untrue of the home business endorsement?

Answer 40

Only property damage is covered

Question 41

A temporary substitute vehicle is not a covered auto if used to substitute for __________.

Answer 41

A rental car

Question 42

What insurance policy protects insurance producers?

Answer 42

Errors and omissions

Question 43

The commercial property policy applies applies limit of what dollar amount for business personal property temporarily away from the premises?

Answer 43

$10,000

Question 44

What ocean marine insurance provision protects against direct damage caused by bursting of boilers?

Answer 44

Inchmaree clause

Question 45

Operations of mobile equipment is covered under?

Answer 45

Part A of a CGL policy

Question 46

Signs automatically fall under which coverage?

Answer 46

Business owners coverage