Other Types of Property & Casualty Insurance Quiz 8 | 暗記メーカー

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Other Types of Property & Casualty Insurance Quiz 8

11問 • 3ヶ月前

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問題一覧

1

What is the deductible of a commercial liability umbrella policy called?

The SIR

2

A municipality can protect itself against the construction or repair of properties that do not conform to the building codes established by ordinance by requiring the contractors to obtain

License and permit bonds

3

Which of the following terms describes a reduced or limited amount of coverages, other than the combined single limit, that is available to pay claims resulting from passenger bodily injury?

Sublimit

4

An individual has started a construction business and plans to specialize in remodeling and rewiring residential properties. Because the city where he is located and where he plans to operate the business has building codes, he will need to obtain a

License and permit bond

5

All are true if a contractor defaults on a performance contract EXCEPT

The surety may cancel the bond so as to avoid having to pay losses and expenses

6

If an insured covered under a mobile Homeowners Policy moves the mobile home to protect it from a covered peril, the policy will pay up to

$500

7

Which of the following is true regarding the Difference in Conditions (DIC) policies?

Each DIC policy is an individually written contract that contains provisions unique to the particular risk that it covers

8

Which bond is required by a court before allowing one to take the assets of another to satisfy a legal obligation?

Attachment bond

9

In accordance with American Institute Hull Clauses, a pro rata return of premium will be given for all the following reasons EXCEPT

If the policy is cancelled by the insured

10

If a pilotage and towing firm is responsible for damage done to a vessel while the vessel is under its control, who is liable for the damage?

The insurer of the pilotage and towing firm

11

Ro/ro ships are used to transport

Motor vehicles

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問題一覧

1

What is the deductible of a commercial liability umbrella policy called?

The SIR

2

A municipality can protect itself against the construction or repair of properties that do not conform to the building codes established by ordinance by requiring the contractors to obtain

License and permit bonds

3

Which of the following terms describes a reduced or limited amount of coverages, other than the combined single limit, that is available to pay claims resulting from passenger bodily injury?

Sublimit

4

An individual has started a construction business and plans to specialize in remodeling and rewiring residential properties. Because the city where he is located and where he plans to operate the business has building codes, he will need to obtain a

License and permit bond

5

All are true if a contractor defaults on a performance contract EXCEPT

The surety may cancel the bond so as to avoid having to pay losses and expenses

6

If an insured covered under a mobile Homeowners Policy moves the mobile home to protect it from a covered peril, the policy will pay up to

$500

7

Which of the following is true regarding the Difference in Conditions (DIC) policies?

Each DIC policy is an individually written contract that contains provisions unique to the particular risk that it covers

8

Which bond is required by a court before allowing one to take the assets of another to satisfy a legal obligation?

Attachment bond

9

In accordance with American Institute Hull Clauses, a pro rata return of premium will be given for all the following reasons EXCEPT

If the policy is cancelled by the insured

10

If a pilotage and towing firm is responsible for damage done to a vessel while the vessel is under its control, who is liable for the damage?

The insurer of the pilotage and towing firm

11

Ro/ro ships are used to transport

Motor vehicles