Chapter 8: NV Statues & Regulations for Casualty Only (Solved)

Every owner of a motor vehicle registered in NV must continuously provide proof of financial responsibility, which may be provided in any of the following forms: correct answers *liability insurance *certificate of financial responsibility *certificate of self-insurance As defined by the Nevada Insurance Code, casualty insurance includes, but isn't limited to the following types of coverages: correct answers *vehicle insurance *liability insurance *workers compensations and employer's liability *burglary and theft What is vehicle insurance as defined by the Nevada Insurance Code? correct answers Insurance against loss/ damage to any land vehicle or aircraft or any draft or riding animal, including property while contained in the vehicle or being loaded/ unloaded, from any hazard or cause, and against any loss, liability or expense resulting from or incidental to ownership, maintenance or use of the vehicle, aircraft or animal What is liability insurance as defined by the Nevada Insurance Code? correct answers Insurance against legal liability for the death, injury and disability of any human being, or for damage to medical, hospital, surgical, disability benefits to injured persons, as well as funeral and death benefits to dependents, beneficiaries or personal representatives of the insured What is workers compensation and employer's liability as defined by the Nevada Insurance Code? correct answers Insurance is the obligations accepted by, imposed upon or assumed by employers under law for death, disablement or injury of employees What is burglary and theft as defined by the Nevada Insurance Code? correct answers Insurance against loss or damage by burglary, theft, larceny, robbery, forgery, fraud, vandalism, malicious mischief, confiscation, or wrongful conversion, disposal or concealment, or from any attempt at any of the above What is surety insurance? correct answers Coverage that indemnified the insured against loss arising from the lack of integrity or fidelity of persons holding positions of trust, from the insolvency of debtors, or from breaches of contract What does surety insurance include? correct answers *fidelity insurance *insurance guaranteeing the performance of contracts and guaranteeing and executing bonds, undertakings, and contracts of suretyship *financial guaranty insurance