ALL THE FOLLOWING ARE GROUNDS FOR REVOKING AN INSURANCE AGENT LICENSE EXCEPT:FAILING TO COMPARE HIS OR HER POLICIES WITH A COMPETITOR'S POLICIES.HOME OWNER POLICY WILL PROVIDE WHICH OF THE FOLLOWING FOR PERSONAL PROPERTY LOCATED IN A SELF STORAGE FACILITY:10% COVERAGE C LIMIT OR $1000.00 WHICHEVER IS HIGHEST.WHAT HAPPENED WHEN A MARRIED COUPLE THAT JOINTLY OWN RESIDENTIAL PROPERTY IN TEXAS DIVORCE DURING THE TERM OF THEIR HOME OWNERS INSURANCE POLICY:THE INSURANCE REMAINS IN EFFECT, AND THE INTERESTS OF BOTH OWNERS ARE COVERED AS LONG AS THE POLICY IS NOT CANCELED.THE POLICY HOLDER PAYS A YEAR'S PREMIUM BUT 6 MONTHS LATER THE POLICY IS CANCELLED BY THE COMPANY THE POLICY HOLDER IS OWNED:UNEARNED PREMIUMIN AUTOMOBILE INSURANCE, SUPPLEMENTARY PAYMENTS REFER TO:PAYMENT OF DEFENSE AND OTHER EXPENSES BY THE INSURANCE COMPANY BEYOND THE LIMITS OF LIABILITY.AN INSURED COVERED UNDER A HOMEOWNER POLICY IS IN THE PROCESS OF DECLARING BANKRUPTCY. WHAT ARE THE INSURER'S OBLIGATIONS IF THE INSURER'S OBLIGATION IF INSURED HAS A COVERED CLAIM:ALL COVERED CLAIMS MUST BE HONOREDUNDER THE AUTO MEDICAL PAYMENT COVERAGE OF BEN GREEN'S (PAP): WHO WOULD NOT QUALIFY AS A FAMILY MEMBER:MRS. GREEN, MAINTAINING A SERPARATE RESIDENCE, MR. GREENS WIFE.THE INTENTIONAL MISREPRESENTATION OR CONCEALMENT OF KNOWN FACTS FOR THE PURPOSE OF GAINING AN ADVANTAGE OVER ANOTHER PARTY IS KNOWN AS:FRAUDTHE INSURED CARRIES A YACHT POLICY AND IS PULING A WATER SKIER, THE SKIER IS A FAMILY MEMBER AND IS INJURED. WHAT COVERAGE MIGHT APPLY TO THE ACCIDENT.MEDICAL PAYMENT COVERAGEWHAT IS A JOINT UNDERWRITING ASSOCIATION?A JOINT UNDERWRITING ASSOCIATION OF ADMITTING INSURERS TO PROVIDED A PARTICULAR FORM OF INSURANCE.WHO IS EXEMPT FROM INSURANCE LICENSING REQUIREMENTS?PERSONAL OFFICER WHO ENROLLSE EMPLOYEES IN A GROUP HEALTH INSURANCE PROGRAMAN EARTHQUAKE CAUSES DAMAGE TO A HOME. A FEW MINUTES LATER AN EXPLOSION WHICH CAUSES THE FIRE. WHAT DAMAGE IS COVERED:DAMAGE CAUSED BY THE EXPLOSION AND FIRE ARE COVEREDTYPE OF AUTHORITY A AGENT DOES NOT HAVE:UNCERTAIN AUTHORITYHOW ARE LOSSES USUALLY SETTLED UNDER A SCHEDULED INLAND MARINE POLICY.ACTUAL CASH VALUETERRORISM RISK INSURANCE ACT EXCLUDESCOMMERCIAL PROPERTYHOW ARE CROP INSURANCE PREMIUMS CALCULATED:NUMBERS OF ACRESSIGNING SOMEONE ELSE'S NAME OR FALSYFYING DOCUMENTS IN THE UNFAIR TRADE PRACTICE OF:FORGERYHOMEOWNERS POLICY COVERAGE A WOULD NOT INCLUDE:A STORAGE SHED CONNECTED TO THE DWELLINGAUTOMOBILE STOLEN, THE THIEFT IS PROPERLY REPORTED TO THE POLICE AND INSURANCE COMPANY. RENTING A CAR FOR TWO MONTHS. WHAT APPLIES FOR RENTAL CARS:AFTER WAITING A PERIOD OF 48 HOURS, POLICY WILL PAY $20.00 A DAY UP TO MAXIMUM OF $600.00HOMEOWNERS POLICY EXCLUDES LIABILITY EXCLUDES LIABILITY COVERAGE OWNED BY AN INSURED WHILE BEING OPERATED OFF THE INSURED'S LOCATION:SNOW MOBILECOVERAGE E (PERSONAL LIBILITY) OF THE HOMEOWNERS PROGRAM DOES NOT COVERBUSINESS ACTIVITYA PRIVATE PASSENGER AUTO POLICY MAY BE CANCELED AFTER THE EFFECTIVE DATE FOR:DRIVERS'S LICENSE SUSPENSION OF THE INSUREDWOULD BE CONSIDERED A "SUPPLEMENTARY PAYMENT" IN A LIABILITY POLICY:ALL POST-JUDGMENT INTEREST IN A SUIT DEFENDED BY INSURERA VALID CONTRACT CANNOT CONTAIN:A WRITTEN INSTRUMENTCLAIMS FOR PERSONAL INJURY PROTECTION (PIP) BENEFITS THAT ARISE FROM AN AUTO ACCIDENT CAN BE MADE:3 YEARS FROM THE DATE OF THE ACCIDENTHOMEOWNER POLICIES HAVE SPECIAL INTERNAL LIMITS BUT NOT FOR:FIRE DAMAGE TO GUNSUNDER DWELLING POLICY (DP-2 OR DP-3) WHAT IS THE MAXIMUM THAT WOULD BE PAID FOR ADDITIONAL LIVING EXPENSES IF COVERAGE WAS $60,000$12,000ON BASIC DWELLING POLICY THE ------- PERILS IS INCLUDED.VOLCANOPENALTY FOR FAILURE TO SATISFY A COINSURANCE REQUIREMENT OF A PROPERTY INSURANCE POLICY:ONLY A PORTION OF A PARTIAL LOSS WILL BE PAID.HOMEOWNER FORM HAS $50,000 PERSONAL PROPERTY LIMIT, DISREGARDING ANY DEDUCTIBLES, WHAT IS THE MOST THE INSURED CAN COLLECT IF A BOAT VALUED AT $1,500.00:$1,500.00
