click below
click below
Normal Size Small Size show me how
Insurance
| Question | Answer |
|---|---|
| Which of the following is NOT covered under account receivable coverage form? | Any loan required to offset uncollectible amounts |
| If the actual values exceed the limit of insurance the business policy contains a seasonal increase provision that automatically increase the limit of insurance for business personal property by | 25% |
| All of the following are special personal property limits under a homeowner policy EXCEPT | $500 for business personal property in the insured premises |
| All of the following are considered limited lines of authority EXCEPT | Surplus lines |
| An insured owns several buildings each at different locations and insured in a separate policy.what type of coverage does the insured have ? | Specific |
| The Paul vs Virginia case was decided in 1869.to what extent does the Supreme Court decision still apply to insurance today ? | The decision has changed . Insurance is considered to be interstate commerce,and is subject to regulation by the federal government . |
| The difference in the content coverage on an Ho3 and Ho 5 is which of the following ? | content are covered open peril on Ho 5 and names peril on Ho 3. |
| All of the following are unfair claim settlement practices EXCEPT | Suggesting negotiations in settling the claim. |
| All the following could be considered rebates it offered to an insured in the sale of insurance EXCEPT | Dividends from a mutual insurer |
| What is the limit for the forgery or alteration coverage in the business owner policy | $2500 |
| Which of the following is not found in commercial package policy | Certificate of authority |