Other Types of Property & Casualty Insurance Quiz 4 | 暗記メーカー

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Other Types of Property & Casualty Insurance Quiz 4

15問 • 3ヶ月前

ユーザ名非公開

問題一覧

1

What is the highest level of protection available under a Federal Crop Insurance policy?

75%

2

A covered watercraft was damaged in an accident. The actual cash value of the damaged property was assessed at $10,000. The cost of repairs for the watercraft was assessed at $5,000. The insured's watercraft policy is written with a $25,000 limit. How much will the insurer pay for coverage to damage to the watercraft?

$5,000

3

When Mary decided to sue her neighbor for damages to her yard, she was told to get a bond that would guarantee she would be able to pay court costs and resulting damages if she loses the case. What kind of bond is this?

A cost bond

4

An ocean marine hull policy will not pay any of the following EXCEPT

Legal liability for damage to another's ship the insured has run down

5

Surety bonds are written for a definite limit called

The bond penalty

6

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

The SIR

7

Ro/ro ships are used to transport

Motor vehicles

8

As you leave the dock in your yacht, you carelessly cut in front of another yacht, causing its crew to change course. They run into a buoy damaging their boat. What coverage takes care of the damages?

Your P&I

9

Who has the rights to vito the repair facility for a vessel?

The underwriter

10

Which of the following would NOT be covered under pet insurance?

The life of a pet

11

When must application for coverage be made for Federal Crop Insurance?

At or before a date established by the Federal Crop Insurance Corporation

12

Which bonds are issued to secure the release of a person from jail pending a courtroom appearance?

Bail bonds

13

The party to a surety or a fidelity bond who promises to fulfill the obligation is the

Principal

14

An insured purchases a Difference un Conditions policy. It may contain all of the following characteristics EXCEPT

Low deductible

15

Professional liability coverage protects against legal liability resulting from

Errors and omissions

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問題一覧

1

What is the highest level of protection available under a Federal Crop Insurance policy?

75%

2

A covered watercraft was damaged in an accident. The actual cash value of the damaged property was assessed at $10,000. The cost of repairs for the watercraft was assessed at $5,000. The insured's watercraft policy is written with a $25,000 limit. How much will the insurer pay for coverage to damage to the watercraft?

$5,000

3

When Mary decided to sue her neighbor for damages to her yard, she was told to get a bond that would guarantee she would be able to pay court costs and resulting damages if she loses the case. What kind of bond is this?

A cost bond

4

An ocean marine hull policy will not pay any of the following EXCEPT

Legal liability for damage to another's ship the insured has run down

5

Surety bonds are written for a definite limit called

The bond penalty

6

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

The SIR

7

Ro/ro ships are used to transport

Motor vehicles

8

As you leave the dock in your yacht, you carelessly cut in front of another yacht, causing its crew to change course. They run into a buoy damaging their boat. What coverage takes care of the damages?

Your P&I

9

Who has the rights to vito the repair facility for a vessel?

The underwriter

10

Which of the following would NOT be covered under pet insurance?

The life of a pet

11

When must application for coverage be made for Federal Crop Insurance?

At or before a date established by the Federal Crop Insurance Corporation

12

Which bonds are issued to secure the release of a person from jail pending a courtroom appearance?

Bail bonds

13

The party to a surety or a fidelity bond who promises to fulfill the obligation is the

Principal

14

An insured purchases a Difference un Conditions policy. It may contain all of the following characteristics EXCEPT

Low deductible

15

Professional liability coverage protects against legal liability resulting from

Errors and omissions