Other Types of Property & Casualty Insurance Quiz 6 | 暗記メーカー

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Other Types of Property & Casualty Insurance Quiz 6

15問 • 3ヶ月前

ユーザ名非公開

問題一覧

1

When an umbrella policy is broader than underlying insurance and it pays a loss that is not covered by the underlying policy, it usually only pays

The excess over the self-insured retention

2

The form of payment bond that protects an owner contracting for work against liens from subcontractors, suppliers, or laborers who are not paid for their services and materials by the general contractor is called

Labor and material bond

3

Which of the following statements concerning ocean marine insurance is INCORRECT?

The underwriting of ocean marine insurance is relatively new

4

Containerships are used to transport

Containerized cargo

5

Which of the following causes of loss would be covered under ocean marine insurance?

Goods in transit

6

Which of the following statements is correct with regard to Federal Crop Insurance?

Policies are written on an annual basis and may be continued providing production reports are submitted in a timely matter and renewal premium is paid

7

What type of bond guarantees that a construction contractor will enter into a contract at a set price?

Bid bond

8

Most American Institute Hull policies are written with a coverage term of

1 year

9

A yacht policy would provide a pleasure boat owner with all the following coverages EXCEPT

Freight coverage

10

Which of the following will be covered by aviation hull insurance?

Fuselage and wings

11

Which of the following events causing financial loss to an insured would not be covered under Federal Crop Insurance?

Market price decline

12

To be eligible for coverage under the National Flood Insurance Program, an insured must live in which of the following communities?

That has met the minimum floodplain management guidelines

13

A shipment is covered under a cargo policy written on a "warehouse to warehouse basis." For how long is this shipment covered after discharge at the destination port?

60 days

14

Ocean marine policies commonly refer to the person covered by the policy as the

Assured

15

Who would participate in a Write Your Own (WYO) flood insurance program?

Private insurers that write and service National Flood Insurance policies on a no risk-bearing basis

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問題一覧

1

When an umbrella policy is broader than underlying insurance and it pays a loss that is not covered by the underlying policy, it usually only pays

The excess over the self-insured retention

2

The form of payment bond that protects an owner contracting for work against liens from subcontractors, suppliers, or laborers who are not paid for their services and materials by the general contractor is called

Labor and material bond

3

Which of the following statements concerning ocean marine insurance is INCORRECT?

The underwriting of ocean marine insurance is relatively new

4

Containerships are used to transport

Containerized cargo

5

Which of the following causes of loss would be covered under ocean marine insurance?

Goods in transit

6

Which of the following statements is correct with regard to Federal Crop Insurance?

Policies are written on an annual basis and may be continued providing production reports are submitted in a timely matter and renewal premium is paid

7

What type of bond guarantees that a construction contractor will enter into a contract at a set price?

Bid bond

8

Most American Institute Hull policies are written with a coverage term of

1 year

9

A yacht policy would provide a pleasure boat owner with all the following coverages EXCEPT

Freight coverage

10

Which of the following will be covered by aviation hull insurance?

Fuselage and wings

11

Which of the following events causing financial loss to an insured would not be covered under Federal Crop Insurance?

Market price decline

12

To be eligible for coverage under the National Flood Insurance Program, an insured must live in which of the following communities?

That has met the minimum floodplain management guidelines

13

A shipment is covered under a cargo policy written on a "warehouse to warehouse basis." For how long is this shipment covered after discharge at the destination port?

60 days

14

Ocean marine policies commonly refer to the person covered by the policy as the

Assured

15

Who would participate in a Write Your Own (WYO) flood insurance program?

Private insurers that write and service National Flood Insurance policies on a no risk-bearing basis