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Exam (elaborations)

Alabama Property and Casualty Insurance (100% verified)

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Grade
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Uploaded on
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Written in
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2 reasons - No Flood correct answers Catastophic, adverse selection Watercraft Policy correct answers Open cockpit, 26 feet or less in length Absolute Liabilty correct answers Strong Liklihood of harming others Intervening Cause correct answers Disruption in chain of events Negligence correct answers LBPD - Legal Duty Owed, Breach of Legal Duty, Proximate Cause, and Damages. 25 mph correct answers What is the maximum horesepower a boat can have and be covered under a H.O. Policy Personal Liability Coverage correct answers Single Occurrence Limit - $100,000 - non business activities Defense Costs correct answers Pay in Addition Med Pay correct answers Is to others Med Pay Purpose correct answers To avoid lawsuits The most an insurer will pay for ONE breakdown is? correct answers $25,000 Primary Excess Rule correct answers Insurance Follows car, if driven by someone else their insurance would be secondary Assigned Risk correct answers Share poor driving risks among themselves Uninsured Motorists correct answers Optional Collision coverage Pays correct answers Market Value Pure No Fault Plan correct answers Each party - own insurance pays Completed Operations correct answers After car leaves shop - $100 deductible Section II - Garage Liability correct answers Covers property for which the insured is legally responsible Trucker's Coverage Form correct answers Hauling the goods of others Hazardous Material min. legal Liability correct answers $1,000,000

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Institution
Property And Casualty Insurance
Course
Property and Casualty Insurance









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Institution
Property and Casualty Insurance
Course
Property and Casualty Insurance

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Uploaded on
December 9, 2023
Number of pages
7
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers

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