practice exam 4 mis Flashcards
non-earner benefit is not payable for the first __ weeks
26
recovery from responsible party for loss of income as a result of an auto accident, before trial, is limited to
80% net income
in application, termination of insurance or denial of a claim within the past __ yrs
3 yrs
an umbrella policy
contains a large self insured retention that acts like a deductible
damages that are not normally covered by a liability policy are
exemplary damages
Under basic glass insurance policy
costs for boarding up and fixing window sashes may be covered (scratches and fire damage are not covered)
an example of a bailor is
person who gives their jewelry to get repaired
under a construction contract bond, the obligee is
the owner of the project being constructed
what loss cannot be covered under a 3-D policy?
theft of money from the business by a partner
commercial property floater
covers stock and equipment against all risks (building is not)
various items insured under a commercial property policy can be found in the..
declarations page of the policy
when a furnace in a dwelling malfunctions causing extreme smoke, damage will be covered under
the extended coverage endorsement
what property under comprehensive policy do special limits apply to losses from all insured perils?
computer software
the proximate cause is the
immediate and effective cause of loss
contribution would come into operation when
an insured has several policies covering the same property
