CIR- FINAL EXAM 2024 WITH 100% CORRECT ANSWERS

Dragonfly Landscapers has one landscaper and one bookkeeper. The landscaper makes $25/hr, and the bookkeeper makes $15/hr. The landscaper worked 20 hours in 2014, so he made $500. The bookkeeper also worked 20 hours, so she made $300. So Dragonfly's entire payroll for 2014 was $800. Let's say that for every $100 of payroll, the WC rate for landscapers is $50 and the rate for bookkeepers is $5. How much did Dragonfly have to pay in workers compensation premiums for 2014? correct answers265 Greg works for XYZ Insurance. Part of his daily tasks involve visiting sites, investigating liability, and determining the time and cost of repairs. On occasion, Greg will have to negotiate with claimants as part of his job. Which type of agent is Greg? correct answersClaims Adjuster Kathryn, a manager at XYZ Distributors, leaves her diamond earrings on her desk in her office. Jordan, an employee at XYZ sees the earrings and takes them when he leaves for the day. Which term best describes what Jordan did? correct answersLarceny When Shay purposefully caused fire damage to Jim's restaurant, Jim was covered under his commercial property policy. Which policy condition allows Jim's insurer to now attempt to recover those damages from Shay? correct answers Jane's health insurance policy has a supplemental coverage that pays a flat daily amount if Jane were to be admitted into a hospital. What type of supplemental coverage does Jane have? correct answersHopsital Indemnity Insurance? Which of the following is often Coverage B in the Business Owners Policy? correct answersBusiness Personal Property. Which of the following people is NOT occupying a vehicle that would qualify as "your covered auto" on the declarations page of his Personal Auto Policy? correct answersPatrick borrows his neighbor's 45,000 pound semi truck to help his neighbor move. A loss to which of the following items would be covered under Coverage A - Buildings and Structures in a BOP? correct answersFire and smoke