Random Exam Questions Louisiana Property & Casualty with Complete Solutions

For which of the following persons is the Drive Other Car endorsement intended A Owners of school buses B The officers and directors of a corporation C Truckers and motor carriers D Individuals who do not own an auto - ANSWER-D Individuals who do not own an auto M has a liability policy insuring M's flower shop. After M sells the shop, the buyer asks if M can transfer the liability policy as part of the sale. Which provision prevents M from making this transfer without the insurer's consent? A Assignment B Subrogation C Assumption of risk D Liberalization - ANSWER-A Assignment The assignment provision states a policyholder cannot transfer policy ownership without the insurer's written consent. The Collision or Running Down Clause in Ocean Marine Insurance covers: A Collision damage to the insured vessel when it collides with a pier or fixed object B Collision damage to another vessel when the shipper is liable C Collision damage to the insured vessel when it collides with another vessel D Damage to the insured vessel caused by running agrou - ANSWER-B Collision damage to another vessel when the shipper is liable A Collision and Running Down Provision is contained in the standard Hull Policy to cover liability incurred for damage to another vessel or structure.