Alabama Property & Casualty Online Practice Exams 2024 (100% Guaranteed Pass!)

Which Business Auto Symbol is the most broad of all Symbols? A Symbol 3 B Symbol 2 C Symbol 4 D Symbol 1 correct answers Symbol 1 Symbol 1 includes any auto, whether owned or not by the insured if it is used in the insured business. Which of the following would NOT be found in the policy declarations page? A. Limits of insurance, deductibles, amount of premium B. A description of the property to be insured C. A legal representative in the event of the insured's death D. Insurers promise of protection correct answers Insurers promise of protection The insurers promise of protection would be found in the policy's Insuring Clause, not the Declarations. Remember, the Declarations decscribe the: Who, What, Where, When, and How Much, parts of the policy. It is the policy cover page providing a quick overview of the policy. The BOP policy provides the same liability coverage as which of the following policies? A. Business & Personal Property B. Commercial Inland Marine C. Commercial Auto D. Commercial General Liability correct answers Commercial General Liability The liability coverages available on the BOP are the same as those provided by the CGL (Commercial General Liability) policy, including premises and operations, personal and advertising injury, product and completed operations liability, and medical coverage. Estoppel is difined as which of the following? A. Estoppel is the failure to disclose known facts B. Estoppel is the intentional misrepresentation of a material fact C. Estoppel is the intentional abandonment of a known right S. Estoppel prevents a party from denying a fact, if the fact was admitted to be true by a previous action correct answers Estoppel prevents a party from denying a fact, if the fact was admitted to be true previously. The principle of estoppel prevents the denial of a fact, if the fact was admitted to be true previously. The earthquake endorsement is fairly broad but does not cover damage from: A. Sinkhole B. Flood