GA P&C Chapter 3

GA P&C Chapter 3 All Answers Correct The named Insured is identified in which section of the policy? Declaration The Fair Credit Reporting Act: allows consumers to insert corrective statements in their consumer reports. The insured intentionally did not inform the insurer that the insured owned only 35% of the property. This is an example of: concealment Which section of the policy contains the policy limits? Declaration Which section of the policy contains the Insurer's obligation to repair, replace or pay? Insuring AgreementsInsuring Agreements Evidence of temporary coverage is a: binder Which section of a property policy requires the Insured to submit a sworn proof of loss form? Conditions Contracts require each of the following EXCEPT notarization The applicant believes the statement to be true with a/an? representation Which section of the policy contains the Insured's obligation to give notice of a loss? Conditions To determine the applicant's financial standing, an Insurer may use a: credit report. Insurance covers All of the above A binder is: temporary substitute for a permanent policy The conditions section of the policy contains the insured's obligations if a loss occurs Which section of the policy specifies the Insured's responsibilities Conditions Which section of the policy determines the coverage? Insuring Agreements A statement in the proof of loss form is presumed to be a? representation Which section of the policy contains the Insurer's promise to pay? Insuring Agreements The insured's promise to maintain specified anti-theft devices is a? warranty Which section of the policy contains the Other Insurance provision? Conditions The purpose of the Fair Credit Reporting Act is to? provide fair and accurate consumer credit reporting. Representations given by the insured to the insurer are located in the? Application Which section of the policy contains the insured's time limits for bringing suit against the Insure