Missed Exam FX Questions

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Why don't commercial auto coverage forms automatically include medical payment coverage?
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Terms in this set (21)
Why don't commercial auto coverage forms automatically include medical payment coverage?
Often, under any person occupying a commercial vehicle would be covered under workers comp
What is covered by the contractors equipment floater in an unfiled inland marine insurance
mobile equipment to and from the job site
Does personal liability coverage need to be added to a dwelling policy?
yes
according to the workers comp and employers liability policy form, a state should be listed in part 3- other states insurance of the workers comp and emoployers liability policy when
the insured expects to extend to operations to the state
If a cease and desist order issued, what must the violator do?
Quit the actions stipulated in the order
What is the max number of roomers or boarders for properties under the dwelling policy
5
Within the first 60 days of coverage under a dwelling policy, how much notice is required for the cancellation of a policy?
10 days
Who would provide coverage under the FAIR act
authorized insurers only
A loss has occurred before the first report has been filed on a value reporting coverage form. Which is NOT true?
Never more than 75% of the loss is paid
Is collapse covered under broad form
yes
if an insured operates a home daycare business out of their house, how can he insure the liability exposure coverageattach a home day care coverage endorsement to the HO policyWhen is a hired and nonowned auto liability endorsement available in a businessowners policy (BOP)?only if the insured does not have commercial auto coveragea type of policy that is used to provide a specific amount of replacement cost for a given risk after an insured property has been destoyed called avalued policywhat term best describes the act of withholding material information that would be crucial to an underwriting decisionconcealmentIssuing sales material with exaggerated statements about policy benefitsMisrepresentationa specialised type of insurance that guarentees the faithful preformance of a trustee of employee benefitfiduciary liability insuranceDo the declarations vary with each individual policyWhat are the four primary elements considered on establishin negligenceproximate cause,leagal duty, standard of care,how many days does the insurer have to give the insured when they decide to make a chamce in the liability policy45 daysthe designation symbols used in commercial auto policies can be found in which policy secetioncovered autodo the parts used in the repair of an insured vehicle need to be from the same manufacturerNo