The insured auto dealer has opted to include part IV - garage physical damage coverage to her policy. Which of the following symbols must be indicated on the declarations page of the policy for physical damage coverage to apply?
Symbol 31
What is the West Virginia individual agent/producer license fee?
$50
Under a commercial property policy, all of the following types of outdoor property are covered under the additional coverage for collapse if they are damaged directly by the collapsed building, except
A. A satellite dish.
B. Awnings, gutters and downspout
C. A septic system for the insured commercial building.
Which of the following is not a mobile equipment under the business auto policy?
A. A self propelled vehicle was permanently attached street cleaning appointment.
B. A caterpillar tractor.
C. A forklift.
D. And electric powered cart used solely for transp
A. A self propelled vehicle with permanently attached street cleaning equipment.
Gavin, the named insured under a personal auto policy, his daughter Tabatha, and two of her friends are riding in the covered auto when Gavin accidentally runs a stop sign, striking another vehicle. Everyone in Gavin's vehicle was injured as well as the d
C. Within three years of the date of the accident.
What type of bond is required when a person dies without leaving a will?
A. Surety bond
B. Fidelity bond
C. Administrators bond
D. A state bond.
C. Administrators bond.
Which of the following would be considered vacant on in an endorsed commercial property policy?
A. A building which is 25% vacant.
B. A leased building in which less than 31% of the building is occupied
C. A retail store located in a shopping mall which c
B. A leased building and watch less than 31% of the building is occupied.
In order for a claim to be a products claim, which of the following must be satisfied?
A. Injury sustained must have occurred on the insurance premises.
B. The insured in most cases must have relinquished possession of the product to be the purchaser.
C.
B. The insured in most cases must have relinquished possession of the product to be the purchaser.
The chief deputy of the county auditors steals $2.5 million from the county and gambles it away. What bond if any would The county need to have in place in order to try and recoup this loss?
A. Employee dishonesty.
B. Blanket public official bond.
C. Fidu
B. A blanket public official bond.
A business covered by a standard business owners policy is shut down due to the acts of a civil authority. Which of the following additional coverages would not be subject to a waiting period before coverage would apply?
A. Business income.
B. Extra expen
B. Extra expense.
The doctrine that states an insurance policy should provide the coverage that is a sensible and prudent person would expect is
A. The reasonable expectation doctrine.
B. The applied principles doctrine C. The ambiguous language doctrine
D. The limited lia
A. The reasonable expectation doctrine.
All of the following would be covered under a builders risk policy, except
A. Prospective buyer.
B. Contractor
C. Owner
D. Subcontractor
a prospective buyer
Under a mobile home owners package policy, how is the mobile home itself covered in case of a total loss?
A. On a purchase price basis
B. On an actual cash value basis
C. On a replacement cost basis
D. On a stated amount basis.
C. I don't replacement cost basis
A guest on vacation deposit cash and travelers checks in the hotel safe deposit box located behind the front desk. When they guessed a tamps to retrieve them, the box is empty. What coverage is required to cover this loss for the hotel?
A. Funds transfer
C. Guests property.
Which of the following is generally not considered to be a legal defense against claims of negligence?
A. The relevant statute of limitations for filing a lawsuit has expired
B. The loss of the plaintiff was caused intentionally by the defense C. A state
B. The loss of the plaintiff was caused intentionally by the defense.
A homeowner moves into her new house built by a contractor. Shortly after moving in, the roof leaks and damage is the contents inside the home. What coverage with a contractor Carey that could respond to cover some of this claim?
A. Completed operations c
A. Completed operations coverage
Under the discovery clause and a loss of stained bond, which of the following is covered?
A a loss discovered up to one year after the policy expired but that occurred during the policy. Period B. A loss that is discovered after the policy has expired
C.
A. I lost discovered up to one year after the policy expired but that occurred during the policy period.
Trevor purchases a condemned house and I want down neighborhood that is scheduled for demolition by the city. He paid $10,000 for the house and wants to protect his financial investment by purchasing insurance. Which of the following statements is true?
A
B. The property is not insurable because the loss is expected
The builders risk coverage form includes an additional coverage that provides a limited amount of coverage from lawns, trees, shrubs, or plants that one located outside of the buildings. This woman is
A. $1000 for $250 for any one tree, shrubs, or place.
A. $1000 like $250 for any one tree, Shrub, or Plant
The primary cause of insurance agents errors and omissions losses is the failure to,
a. Provide the proper coverage.
B. Explain coverage limitations.
C. Recommend needed coverage. D. Advise of cancellation.
A. Provide the proper coverage.
And insured is a set of six drawing pads designed and used by Benjamin Franklin. Each pan is worth $1000 alone, but the sun is worth $12,000. One pan is destroyed by a covered pair. Under the pair or set clause the insurance company will pay a maximum of
A. $7000
The liberalization clause of a business owners policy automatically applies favorable expansions of coverage, for which a premium is not charged if the changes are made during the policy period or within ________ prior to the effective date of the policy.
A. 45 days
Jenny holes and insurance license in West Virginia and has received an inquiry from the insurance commissioner in the mail. Which of the following statements is correct regarding Michaela's response to the commissioner?
A. Jenny will respond in writing, m
D. Jenny will respond in writing, making sure her response reaches the commissioner within 15 working days from the date appearing on the inquiry itself.
Be an a ice model unfair claim settlement practices that specifies that the insurance company must provide the proper claim forms for reasonable explanation of how to use them to the claimant within
A. 15 calendars days of the request B. 30 calendar days
A. 15 calendar days of the request
Under the "inside the premises - theft of money & securities" insuring agreement of a crime policy, which of the following situations would not be covered
A. Cash that is taken by employees B. Cash in the register is destroyed in a fire
C. Travelers check
A. Cash that is taken by employees
All of the following are excluded under the end earthquake endorsement to a homeowners policy, except
A. Flood and title wave.
B. Land shockwaves
C. Waves and tsunami
D. The cost of filling land
B. Land shockwaves.
A non-admitted insurance company that insures property in West Virginia must
a. Write coverage through an excess lines broker.
B. Pay premium taxes directly to the state of West Virginia
C. Become licensed before any claims are filed
D. Become a member of
A. Write coverage through an excess lines broker
John Smith has met just made his last car payment which concludes his contract. The finance company, for reasons not immediately apparent, has the car repossessed. If MR. Smith brings a suit, the court will allow Mr. Smith to read take possession of the c
D. Replevin bond
Isabell is covered under a standard capital oh capital H - six form and must vacate her condominium because an adjacent unit has suffered extensive fire damage. Isabella will need to collect additional living expenses from coverage D. How will this amount
A. Isabell received 50% of the coverage C limit she selected when she purchased the policy
Rihanna is applying for a new job at General Hospital. Which law limits how much information Brianna's bank and mortgage lender can share with General Hospital, guarding to Brianna's finances and credit score?
A. The Gramm-Leach-Bliley Act
B. Fair credit
B. Fair credit reporting act
A producer holding nonresident license in another state has been found guilty of violating that states insurance code. What is required of this producer in the state of West Virginia?
A. Nothing, because the violation occurred in another state.
B. Report
D. Report the findings to the commissioner within 30 days of the final disposition of the matter
The terrorism risk insurance act and all of his extensions and re-authorizations is actually an agreement between
A. Between the states and the federal government
B. Between the insurance companies and the states
C. Between the federal government and the
C. Between the federal government and the insurance companies
When determining if an injury or illness is come comp and supple under a Worker's Compensation policy, which of the following is the criteria used?
A. What was the proximate legal cause of loss
B. But the injury or illness arose out of the course of emplo
C. That the injury or illness arose out of and in the course of the employment
The principle of indemnity is illustrated by which of the following?
A. Restore as an insured to the same condition enjoyed before a loss
B. Allows an insured to profit from a loss
C. Limits recovery to actual cash value
D. Requires an insured to assign a
A. Restores and insured to the same condition enjoyed before a loss
For restaurants to be eligible for coverage by the standard BOP policy, they cannot exceed blank and total floor area
E. 7500 ft.�
B. 25,000 ft.�
C. 15% of the total floor area of the building
D. 3000 ft.�
A. 7500 ft.�
A blanket employee dishonesty bond will
A. Name the individuals
B. Does not mean the individual individuals
C. Excludes certain individuals
D. Exclude certain type of occupations
B. Does not name the individuals
Wholesalers can be covered by the BOP if no more than blank of their total for area is open to the public
E. 25%
B. 10%
C. 15%
D. 65%
A. 25%
Which of the following statements is true regarding insured who has been injured by a hit-and-run driver in West Virginia
A. The injured West Virginia driver must notify the West Virginia automobile insurance plan within 60 days of the accident
B. He ente
The injured West Virginia driver must notify their own insurance company within 60 days of the accident
Under the business auto policy, what is the limit for transportation expenses when the insured has suffered a theft loss of a private passenger type vehicle
E. $20 per day subject to a maximum payment of $600
B. $15
C. $15 per day subject to a maximum lim
A. $20 per day subject to a maximum payment of $600
All of the following are types of rehabilitative services under a Worker's Compensation policy except
A. Mental
B. Physical
C. Substance-abuse
D Vocational
C. Substance abuse
Which of the following is the organization that provides standardize Worker's Compensation forms and provides experience ratings for employers
A. The federal government
B. The state Worker's Compensation laws
C. The national Council on compensation
D. The
C. The national Council on compensation
The mountain insurance company recently had a change in its Board of Directors. Five new directors were elected by the policyholders at their meeting. Which of the following statements correctly identifies the mountain insurance company?
A. It is a mutual
A. It is a mutual insurance company
Any false or malicious communication, written or oral, that injures an insurance companies or insurance professionals reputation, fame or character is known as
A. Misrepresentation
B. False advertising
C. Defamation
D. Coercion
C. Defamation
Which of the following is the principal in a bond
A. Contractor doing the work
B. Owner of the job
C. The insurance company
D. The surety
A. Contractor doing the work
Under a business owners policy, the hired and non-owned auto liability endorsement would cover
A. The employer he uses his or her auto for personally and
B. Vehicles borrowed by the insured
C. The employee who uses his or her vehicle and personal business
B. Vehicles borrowed by the insured
Which of the following is not covered under the basic cause of loss form of a commercial property policy?
A. Smoke from industrial operations B. Wind storm
C. Explosion
D. Damage caused by vehicles
A. Smoke from industrial operations
The condition section of an insurance contract specifies which is the following?
I. The property location.
II. The insurance companies responsibilities.
III. The insurance responsibilities.
IV. The policy duration.
A. II & III only
B. I & II only
C. I & I
A. II & III ONLY
Section I of the business owners policy places limitations on coverage for certain losses if they are not caused by a specific cause of loss. All of the following are specified causes of loss under the policy, except
A. Fire lightning.
B. Sinkhole collaps
D. Building glass breakage
Which of the following coverage symbols would be designated on the declarations of a commercial auto policy to cover a customers auto left with the insured to be serviced?
A. Symbol 30
B. Symbol 31
C. Symbol 32
D. Symbol 33
A. Symbol 30
Which of the following contractors would be eligible for a business owners policy?
A. a Carpenter doing all of his own work building kitchen cabinets and peoples homes and earn $75,000 per year
B. A general contractor who subcontracts about 5% of the busi
A. A Carpenter doing all of his own work building kitchen cabinets and peoples homes and are in $75,000 per year
Last settlement for personal property that is covered under coverage C of a standard and unendorsed ISO homeowners policy is on an
A. Market value basis
B. Appraised value basis
C. Replacement cost basis
D. Actual cash value basis
D. Actual cash value basis
Which of the following sentence which best describes the term fiduciary
A. A person who submit the claim to their insurance company
B. A person who has been bonded at as honest and trustworthy
C. A person who is entrusted with the assets of another
D. A p
C. A person who has entrusted with the assets of another
If a producer knew or should have known that his or her actions were in violation of the West Virginia insurance code, the penalty imposed by the commissioner may be
8A. A fine of $5000 and a suspension or revocation of the producers license
B. Licenses s
A. A fine of $5000 and a suspension or revocation of the producers license.
What is the retained limit of a personal umbrella policy that must be paid on the umbrella policy covers a claim by the underlying policy
A. The cost of defending the insured and the lawsuit
B. Supplementary payments coverage
C. The insured must pay when
C. A deductible that the insured must pay when the person on Bralla policy covers it for you that was excluded by the underlying liability policy
Which of the following garage policy coverages will pay for the physical damage to a garage customers auto regardless of legal liability?
A. Section 2 garage liability coverage
B. section 4. Garage physical damage coverage
C. Garage keepers legal liabilit
D. Garage keepers direct primary coverage
And insured has purchased ADP - three policy to cover his dwelling that is valued at a replacement cost of $100,000. He insures it for $60,000 and later suffers a $30,000 fire loss. Which of the following amounts will be paid by the policy if no deductibl
C. $22,500
A warranty and insurance is best described as which of the following
A. I guarantee that the statements made by the applicant are completely true and untrue statements can void the coverage B. A statement made the represents the honest recollection is tha
A. I guarantee that the statements made by the applicant are completely true and I'm sure statements can void the coverage
The HS reform insurance for direct physical loss to cover property involving collapse of a building caused by all of the following, except
A hidden decay
B settling
C weight of contents
D use of defective materials
B. Settling
Commercial inland coverages can be written as a stand-alone policy and not included in the commercial package policy, this would be called...
A Monoline Policy
Under the personal articles floater, a loss is covered when it occurs
A. Anywhere in the world, except for fine arts.
B. In the United States only.
C. In the United States and Canada only.
D. In the United States, Canada, and Mexico only.
A. Anywhere in the world, except for fine arts.
The insured is covered under a standard business owner policy. She has several computers used in the business and the electronica data stored on them becomes corrupt as a result of lightning. The cost to research and restore this data is $20,000. How much
A. $10,000.
Physical damage to a contractors bulldozer is best covered under which of the following?
A commercial inland marine contractors equipment floater
When a West Virginia insurance is covered by uninsured motorist coverage, the insurer is required to pay the insured all sons he is legally entitled to recover up to the required limits of financial responsibility. However, the insurer is permitted to ded
The first $300 for property damage resulting from the negligence of an uninsured motorist.
Which of the following statements describes the coverage provided under coverage C of the ordinance or law endorsement to a commercial policy policy?
Provides coverage for the increased costs to repair or rebuild to comply with current building, zoning, or land use ordinances or laws.
What is the definition of a surety bond?
Guarantees the performance of a duty.
Which of the following statements is true concerning a commercial package policy?
It can be written for a specific policy term not to exceed three years.
What is the purpose of reinsurance.?
It is insurance for insurance companies, to reduce the risk of catastrophic losses.
The standardized personal automobile policies contain all of the following, except...
A common conditions page
In 2015 West Virginia passed a new modified comparative fault standard which can bar a plaintiff in a lawsuit from recovery, if he or she is found to be more than blank at fault in the bodily injury or property damage. A 40% B 30% C 60% or D 50%?
D 50%
Every owner of a vehicle that is subject to registration and West Virginia, must complete an application for registration that includes a statement under penalty of false swearing that liability is in a fact on the vehicle. If the commissioner later deter
A He or she will revoke both the drivers license of the owner and vehicle registration.
All the following are considered to be unfair or deceptive claims settlement practices according to the West Virginia insurance code, except...
A failing to pay agreed amount of the settlement within five working days of the agreement.
B failing to provid
C Explaining a claims denial to a claimant by pointing out the provision, condition, or exclusion that was the basis for the claims denial.
All of the following is a function of the standard mortgage clause and a property insurance policy, except...
A protects the rights, insurable interest, of the mortgagee, even if an insured intentionally causes a loss to the mortgage property.
B guarantee
B Guarantees that the mortgage payments will be made by an insurance policy, if the insured does not make the payments.
After paying a claim and insurance company may have the right to pursue legal action against the negligent party. This is known as...
A subrogation
B assignment
C other insurance
D action against the company
A subrogation
An insured does not carry enough insurance to comply with the coinsurance clause of his homeowners policy. If this insured would have a loss to his covered home, how will the insurer settle the loss?
A the insurer will settle the loss at replacement cost
B the insurer will either settle the loss at ACV, or pay the proportion of the cost to repair or replace the part of the building that was damaged, based on the amount of insurance the insured carried.
A new homeowner is being forced into purchasing insurance from a particular insurance company as a condition to receiving a mortgage. The lender is guilty of which of the following unfair trade practices?
A unfair discrimination.
B twisting.
C Coercion.
D
C coercion
The standardized building and personal property coverage form requires the insured to submit a signed, sworn proof of loss statement...
A within 30 days of the loss.
B within 30 days of the insurance companies request.
C within 60 days of the insurance co
C within 60 days of the insurance companies request.
Risk is best defined as...
A and uncertainty of loss.
B and undesirable insured.
C a hazardous exposure.
D a cause of loss.
A an uncertainty of loss.
The estimated annual premium for a Worker's Compensation policy will be based on all of the following, except...
A the experience modification factor.
B a schedule rating.
C a premium discount.
D the average premium of insurance in the same area out worki
D the average premium of insurance in the same area working in the same industry.
A married couple have applied to a mortgage company for a mortgage loan. The loan officer told them everything was in order and the loan would be processed pending the purchase of insurance to cover the loan from a certain insurance agent. When the borrow
A coercion
Under a surety bond, the owner of the project is called the...
A. Obligee.
B. Surety.
C. Principal.
D. Administrator.
A. Obligee
The CGL policy contains coverage for...
A. Directors and officers liability.
B. Errors and omissions liability.
C. Completed operations liability. D. Liquor liability.
C. Completed operations liability.
Coverage B of an unendorsed standard BOP policy provides how much coverage for theft of money and securities?
A. $5000 on the premises only.
B. $5000 on the premises but only $2500 off premises.
C. $1000 on and off the premises.
D. None.
D. None.
The insured carries and unendorsed DP-3 dwelling policy on his home and personal contents. While traveling abroad someone broke into the home and stole $200 in cash, a shotgun valued at $1000, and other household items valued at $2000. Damage caused by th
C. $1500 because the DP - 3 only provides damage to covered property caused by the burglars. Theft is excluded under the DP - 3 unless endorsed with the theft endorsement.
According to the West Virginia insurance code," to exchange a contract of insurance by any means, for money or it's equivalent, on behalf of an insurance company", is the definition of...
A. Placing insurance.
B. Soliciting insurance.
C. Negotiating insur
D selling insurance. The West Virginia insurance code defines selling insurance as to exchange a contract of insurance by any means, for money or it's equivalent, on behalf of the insurance company.
When a loss occurs and coverage is provided by reciprocal exchange, which of the following is responsible to cover the loss?
A. The "name".
B. They will reinsure.
C. The member insurers.
D. The attorney in fact.
C the member insurers. The private, unincorporated mutual ensures who are members of the reciprocal are responsible to cover the loss.
A commercial property policy has the protective safeguards endorsement attached indicating that the insured has protective safe guards installed such as a sprinkler system. Shut the system become an operative, how long does the insured have to report this
A. 48 hours. If repairs cannot be completed within 48 hours, the insurer must be notified in order to comply with the conditions of the form.
Harry Smith is a minor under the age of 18 and has been employed in violation of the laws of West Virginia. If he is injured in a job related accident, how will this affect Worker's Compensation coverage?
A. He will be covered for Worker's Compensation be
A he will be covered for Worker's Compensation benefits. The West Virginia code states that the right to Worker's Compensation coverage will not be affected because he is a minor and employed in violation of the laws of West Virginia.
A couple recently borrowed money to do some major renovations to their home. While they were renovating their home, they decided to make some changes in their estate planning as well. The couple had their attorney draft papers naming two of their three so
A. The son Rick-who is the youngest son who has not reached legal age, cannot be a property owner.
In West Virginia, when an insurer has received notification of a claim, that insure must acknowledge having receive that notification within
A 10 days
B. 15 days
C. 20 days
D. Immediately.
B. 15 days. Taking longer than 15 days to acknowledge receipt of a claim is considered an unfair claims practice.
Pollo has an expensive boat and is purchasing insurance to cover it. He is discussing the deductible and his agent suggests a deductible amount the polo could pay if the hull of his boat was severely damaged. Which of the following types of deductibles wo
A. A percentage deductible. A percentage deductible is used with boats that are very expensive. This type of deductible as a percentage of the total amount it would take to repair the hull of the boat if it was severely damaged.
The per occurrence limit under a commercial general liability policy also contains a sublimit for
A. Medical payments.
B. The completed operations aggregate limit.
C. The general aggregate limit.
D. The products aggregate limit.
A. Medical payments. The occurrence limit under AC GL policy is the most the policy will pay for each occurrence. This limit is also subject to specific supplements for personal and advertising injury, medical payments, and damage to property of others.
A licensee in West Virginia who has been found guilty of making excessive charges may be subject to which of the following?
A a penalty up to $1000 for each and every violation.
B a penalty of up to $10,000 for each and every violation.
C a penalty of up
A a penalty up to $1000 for each and every violation.
The monetary penalty of $1000 for each violation maybe imposed and the insurance commissioner may revoke or suspend that persons license. If the agent knew or should've known they were in violation of
All of the following situations involve misrepresentation, except
A. Indemnify insurance places an ad in an insurance journal indicating that we were store insurance is an insolvent company.
B. Michelle is attempting to sell a homeowners policy tomorrow S
D. Michael manages an insurance agency and posts the sales numbers of all agents publicly each month, to promote competition. Posting sales numbers to promote competition among sales personnel is not misrepresentation. The other three choices are all exam
The increased cost of compliance coverage on flood insurance provides:
1. Policy limit coverage for ordinance and Law changes.
2. Coverage for floodplain management ordinance or law changes.
3. $30,000 of coverage per building.
The answer choices are:
a.
D. Two and three only. The increased cost of compliance coverage will provide up to $30,000 of coverage to handle the floodplain management ordinance or law changes affecting the repair and reconstruction of a flood damaged structure.
All of the following items are given a special limit of liability under coverage C of the homeowners policies, except:
A. Motorized land vehicles.
B. Trailers.
C. Jewelry.
D. Watercraft.
A. Motorized land vehicles
All of the following claims would be excluded under the homeowners watercraft endorsement, except:
A. A passenger who paid for a cruise in the watercraft suffers bodily injury when the boat hits a freak wave.
B. The bodily injury suffered by passengers an
D. The bodily injury suffered by the insured while he was operating a covered watercraft, loses his balance and hits his head on the floor of the boat. The bodily injury suffered by the insured while he lost his balance would be the only listed scenario t
In which of the following situations with trees, shrubs, and other plants be covered by the homeowners additional coverages?
A. The insured's fruit trees are destroyed when an Amber from a nearby brushfire Lands' on them in Burnsville.
B. The insured stra
A. The insurance fruit trees are destroyed when an ember from a nearby brushfire lands on them and burns them. The perils of wind, hail, and the weight of ice and snow are excluded under the homeowners additional coverage for trees shrubs and other plants
Bill Walters is named in the drive other car endorsement attached to the busy business auto policy of his brother, John Walters, and a premium is shown in the endorsement for liability coverage. Which of the following vehicles would be covered autos under
A. A van being driven by Bill. The van is owned by Kathy Webster. Bill is covered while driving the van owned by Kathy Webster.
He specifically named on the endorsement. The purpose of this endorsement is to extend the business auto coverage for Bill whil
And insured under and unendorsed homeowners policy can be all of the following, except:
A. A 14-year-old niece of HOME the name insured has custody.
B. A childhood friend of the named insured who is visiting for a month from England.
C. The named insured
B. A childhood friend of the named insured who is visiting for a month from England. A childhood friend of a named insured would not be considered an insured under a homeowners policy.
Shawn is covered under a standard, unendorsed personal auto policy. He has an external hard drive connected to the manufacture Dash installed stereo system of the car, with thousands of digital music files stored there. The vehicle was broken into and the
A. Deny the claim in full because this loss is excluded by party of the policy. These items are specifically excluded under the policy claim, therefore the claim would be denied. There is an endorsement that can be added to the policy for an additional pr
And insurance contract is considered to be aleatory contract. All of the following are characteristics of an aleatory contract, except
A. The contract is contingent upon certain certain events.
B. The contract allows them to her to receive from an individ
C. The contract allows the insured to receive a return and claims payment that is nearly equal to the amount paid in premium.
An aleatory contract provides for an unequal transfer of value between the parties.
The term inherent vice is used in inland marine insurance to refer to you:
A. The tendency of shippers to be careless with cargo.
B. A characteristic of some cargo to destroy itself.
C. A characteristic of cargo to deteriorate due to shipping conditions.
B. A characteristic of some cargo to destroy itself.
Inherent vice refers to the characteristics of some cargo to destroy itself this refers to items such as vegetables that spoil.
Which of the following would be covered under the Jones act?
A. Crew members of a ship
B. Tourists on a cruise ship.
C. Repairers of ships.
D. Loaders of ships.
A. Crew members of a ship. The Jones act applies to crewmembers of a vessel operating on the waters. It allows injured employees or their survivors to sue the vessel owner for negligence that results in injury or death.
Which of the following would not be covered under coverage B of the homeowners forms?
A. A separate building on the insurance process used for business.
B. A building connected to the main dwelling only by a fence.
C. A private garage rented to a non-tena
A. A separate building on the insured's promises he is for business. A building use for business purposes is not covered as another structure. However, there is an exception for buildings that are rented out as private garage. Buildings connected to the d
Which of the following would be covered by the advertising injury coverage of the farm insurance forms?
A. And insured farmer who unknowingly disparage the crops grown by another farm.
B. Advertising the wrong price of the goods.
C. Advertising the wrong
A. An insured farmer who unknowingly's just barged the crops grown by another farm. Advertising injury would cover a farmer who unknowingly disparages the crops grown by another farmer when advertising his own crops. Intentional acts, advertising and corr
And insured is covered under an HO-2 form with a coverage a limit of $125,000 and I coverage C limit of $65,000. What amount will automatically be provided for coverage D?
A. $37,500
B. $19,500
C. $32,500
D. $12,500
A. $37,500. And HO-2 form provides 30% of the coverage a limit for coverage D - loss of use 30% of $125,000 is $37,500
Which of the following endorsements can be attached to the business auto policy to extend coverage to individuals such as the owner of the business who does not carry personal auto insurance? A. Drive other car endorsement.
B. Named non-owned endorsement.
A. Drive other car endorsement. The purpose of this endorsement is to provide coverage for the owner of a business that does not own a personal automobile and therefore, does not have coverage under a personal auto policy. The driver other car endorsement
The insured owns a one family dwelling with a detached garage. The dwelling is insured for $200,000. How much coverage applies to the detached garage?
A. $10,000
B. $15,000
C. $20,000
D. None
C. $20,000. The policy provides for 10% of the dwelling coverage and limit. Therefore, the garage is insured for $20,000 for the same perils that apply to the dwelling.
Each of the following is true about builders risk coverage, except
A. Coverage terminates the day after construction is completed.
B. The amount of risk increases over time.
C. Land, lawns and trees are not covered.
D. In effect, the coverage has a 100% c
A. Coverage terminates the day after construction is completed. Coverage normally terminates 90 days after the work has been completed or is been excepted. In addition coverage will cease once the building has been put to its intended use.
The federal law that requires insurers to give customers written privacy notices is:
A. TRIA.
B. The fair credit reporting act.
C. The Graham - Leach - Bliley act.
D. The CAN-SPAM act.
C. The Graham - Leach - Bliley act also known as the GLB act. It's also known as the financial modernization act of 1999, which requires insurers to give customers written privacy notices that explain information sharing practices and requires insurance t
Under the CGL coverage part as it relates to products liability coverage, which of the following would apply?
A worldwide coverage is provided as long as the product is manufactured or sold in the covered territory and the claim is brought with in the cov
A. Worldwide coverage is provided as long as the product is manufactured or sold in the covered territory and the claim is brought with in the coverage territory. The products must be manufactured within the coverage territory this includes the US, it's p
All of the following statements are true regarding the perils of homeowners forms except:
A. Riot or several commotion is covered for both buildings and personal property under the open perils of the HL five form.
B. Fire or lightning is named Perel for p
D. Fire lightning as a named peril covering the buildings and other structures under an H04 form, because this form does not cover the building or structures, it only covers the personal property of renters and tenants.
All licensees in West Virginia are required to notify the insurance commissioner of any change in address within ______ of such change. A. 30 days.
B. 10 days.
C. Six months.
D. Two years.
A. 30 days. This regulation enables the insurance department to contact agents as necessary.
Coverage B covered by the general liability policy provides coverage for:
A. Personal and advertising injury liability
B. Bodily injury and property damage liability
C. Medical payments
D. Supplementary payments.
A. Personal and advertising injury liability. Coverage be in the CGL policy covers personal and advertising injury and liability. Normally these claims you're not involved bottle he injury. The forms provide coverage for a consequential bodily injury when