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Other Types of Property & Casualty Insurance Quiz 9
15問 • 3ヶ月前
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    問題一覧

  • 1

    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

  • 2

    The transit clause does which of the following?

    Names the points of the voyage

  • 3

    Surety bonds are written for definite limit called

    The bond penalty

  • 4

    What is the purpose of increased value and excess liability (IVEL) clauses?

    To provide extra coverage for the same losses covered by an underlying policy

  • 5

    All of the following situations would be covered under a professional liability policy EXCEPT

    The failure of an attorney to properly defend a client due to his personal dislike of the client

  • 6

    As you leave the dock in your yacht, you carelessy 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

  • 7

    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

  • 8

    All of the following are true regarding change of ownership under a hull insurance policy EXCEPT

    If the vessel has already sailed from its loading port, automatic termination may be deferred until 15 days after arrival at the final port of discharge

  • 9

    In a marine policy, which of the following is referred to as the "amount insured hereunder"?

    The limit of insurance

  • 10

    Who are the parties to a bond?

    Principal, obligee, and guarantor

  • 11

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

    Bail bonds

  • 12

    Which of the following is true regarding single dwellings that are insured to at least 80% of the replacement value?

    They are automatically provided with replacement cost coverage

  • 13

    Which of the following is NOT one of the 3 requirements for property to be eligible for FAIR plan coverage?

    It must be valued at an amount under the maximum value amount set by the state

  • 14

    Which clause provides coverage for the cargo while being transported to or from a vessel in another craft, raft, or lighter?

    The craft clause

  • 15

    Which bonds are required by courts whenever someone seeks a court order stating that another person must or must not do something?

    Injuction bonds

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    問題一覧

  • 1

    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

  • 2

    The transit clause does which of the following?

    Names the points of the voyage

  • 3

    Surety bonds are written for definite limit called

    The bond penalty

  • 4

    What is the purpose of increased value and excess liability (IVEL) clauses?

    To provide extra coverage for the same losses covered by an underlying policy

  • 5

    All of the following situations would be covered under a professional liability policy EXCEPT

    The failure of an attorney to properly defend a client due to his personal dislike of the client

  • 6

    As you leave the dock in your yacht, you carelessy 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

  • 7

    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

  • 8

    All of the following are true regarding change of ownership under a hull insurance policy EXCEPT

    If the vessel has already sailed from its loading port, automatic termination may be deferred until 15 days after arrival at the final port of discharge

  • 9

    In a marine policy, which of the following is referred to as the "amount insured hereunder"?

    The limit of insurance

  • 10

    Who are the parties to a bond?

    Principal, obligee, and guarantor

  • 11

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

    Bail bonds

  • 12

    Which of the following is true regarding single dwellings that are insured to at least 80% of the replacement value?

    They are automatically provided with replacement cost coverage

  • 13

    Which of the following is NOT one of the 3 requirements for property to be eligible for FAIR plan coverage?

    It must be valued at an amount under the maximum value amount set by the state

  • 14

    Which clause provides coverage for the cargo while being transported to or from a vessel in another craft, raft, or lighter?

    The craft clause

  • 15

    Which bonds are required by courts whenever someone seeks a court order stating that another person must or must not do something?

    Injuction bonds