Social Science Business Insurance
Alberta General insurance level 2
Save
Students also studied
Flashcard sets Study guides Practice tests
Chapter 6 check points/discussion q... The Fundamentals of Insurance BC ... INS 202 - LO1 Chapte
12 terms 64 terms 81 terms 6 terms
Cheryl_Holowatiuk Preview Colwoodfella Preview Taneesha97 Preview tdw
failure to adequately supervise company affairs
resulting in detriment
3 multiple choice options
According to the terms of the SPF 1 owners the policy is endorsed with an appropriate 'permission" endorsement
policy, an insured is permitted to carry
explosives in the described automobile 3 multiple choice options
provided that
Accounts receivable insurance provides All of the above 3 multiple choice options
coverage for
Bailees required separate insurance for loss All of the above 3 multiple choice options
or damage to a customers' property
because
Becky Andrew's has opened a spa in a strip Would be covered under the "equipment" section of the policy 3 multiple choice options
mall. She does not own the building, but
she leases space. Before moving in, she
had significant improvements completed to
the space that made it appropriate for her
business operations. Becky has a
Commercial Building,Equipment,and stock
board form policy in place.
The tenants improvements she has made
A building policy is subject to 90% $122,778 3 multiple choice options
Coinsurance.The building is valued at
$200,000 and insured for $170,000.A loss
occurs in the amount of $130,000.
What will the insurer pay for this claim?
, A Contractors' Equipment Floater May be written on all-risk or named perils basis 3 multiple choice options
Don Smith is involved in an automobile $50,000 per person, with a $1,000 sublimit for Chiropractic treatment
collision. He sustains significant injuries to
his back and head. His treatment will
include surgery , a lengthy hospital stay
3 multiple choice options
and chiropractic treatments. Under medical
payments of the SPF 1, eligible payments
are limited too
Exclusions found on a tenants policy form Loss or damage occurring if the dwelling building is vacant for more than 30
are similar to those on a homeowner policy consecutive days ,and the insured is aware of such vacancy
form.Because a tenants policy does not
provide building coverage,some exclusions
on a homeowner policy are not included 3 multiple choice options
on a tenant policy. Which of the following
exclusions are found on both policies?
the difference between the liability limit of the insured's policy and that carried by
The Family Protection Endorsement
the motorist at fault
(SEF44) pays
3 multiple choice options
For most travel insurance policies not All of the above 3 multiple choice options
individually underwritten insurers rely on
the policy wording to limit their risk. Most
policies have a pre-existing conditions
clause, but those that do not have such a
clause require underwriting of the
applicant and approval. An underwritter's
decision will consider
If two vehicles are insured on the same The highest limit carried on any one insured vehicle 3 multiple choice options
policy (SPF-1 Owners Form) but for
different limits under section A, what
amount would apply to a non-owned
vehicle being driven by the insured
In an automobile accident involving a On the defendant to prove that he was NOT negligent 3 multiple choice options
pedestrian (plaintiff) and a motorist
(defendant) the onus of the proof is
In commercial property insurance, bylaw The increased cost of construction due to a bylaw 3 multiple choice options
coverages insure for
The insureds carries a tenant's package $5,750 3 multiple choice options
policy with a limit of $30,000 for coverage
C. C-personal property.
A fire in his apartment (which he does not
own) causes $5,000 in damages to his
contents; $1,000 in damages to a built-in
oak bookcase which he had custom built;
and $10,000 damage to the
ceiling,floor,and interior walls of the
apartment.
The policy carries a deductible of $250 the
policy will pay
Alberta General insurance level 2
Save
Students also studied
Flashcard sets Study guides Practice tests
Chapter 6 check points/discussion q... The Fundamentals of Insurance BC ... INS 202 - LO1 Chapte
12 terms 64 terms 81 terms 6 terms
Cheryl_Holowatiuk Preview Colwoodfella Preview Taneesha97 Preview tdw
failure to adequately supervise company affairs
resulting in detriment
3 multiple choice options
According to the terms of the SPF 1 owners the policy is endorsed with an appropriate 'permission" endorsement
policy, an insured is permitted to carry
explosives in the described automobile 3 multiple choice options
provided that
Accounts receivable insurance provides All of the above 3 multiple choice options
coverage for
Bailees required separate insurance for loss All of the above 3 multiple choice options
or damage to a customers' property
because
Becky Andrew's has opened a spa in a strip Would be covered under the "equipment" section of the policy 3 multiple choice options
mall. She does not own the building, but
she leases space. Before moving in, she
had significant improvements completed to
the space that made it appropriate for her
business operations. Becky has a
Commercial Building,Equipment,and stock
board form policy in place.
The tenants improvements she has made
A building policy is subject to 90% $122,778 3 multiple choice options
Coinsurance.The building is valued at
$200,000 and insured for $170,000.A loss
occurs in the amount of $130,000.
What will the insurer pay for this claim?
, A Contractors' Equipment Floater May be written on all-risk or named perils basis 3 multiple choice options
Don Smith is involved in an automobile $50,000 per person, with a $1,000 sublimit for Chiropractic treatment
collision. He sustains significant injuries to
his back and head. His treatment will
include surgery , a lengthy hospital stay
3 multiple choice options
and chiropractic treatments. Under medical
payments of the SPF 1, eligible payments
are limited too
Exclusions found on a tenants policy form Loss or damage occurring if the dwelling building is vacant for more than 30
are similar to those on a homeowner policy consecutive days ,and the insured is aware of such vacancy
form.Because a tenants policy does not
provide building coverage,some exclusions
on a homeowner policy are not included 3 multiple choice options
on a tenant policy. Which of the following
exclusions are found on both policies?
the difference between the liability limit of the insured's policy and that carried by
The Family Protection Endorsement
the motorist at fault
(SEF44) pays
3 multiple choice options
For most travel insurance policies not All of the above 3 multiple choice options
individually underwritten insurers rely on
the policy wording to limit their risk. Most
policies have a pre-existing conditions
clause, but those that do not have such a
clause require underwriting of the
applicant and approval. An underwritter's
decision will consider
If two vehicles are insured on the same The highest limit carried on any one insured vehicle 3 multiple choice options
policy (SPF-1 Owners Form) but for
different limits under section A, what
amount would apply to a non-owned
vehicle being driven by the insured
In an automobile accident involving a On the defendant to prove that he was NOT negligent 3 multiple choice options
pedestrian (plaintiff) and a motorist
(defendant) the onus of the proof is
In commercial property insurance, bylaw The increased cost of construction due to a bylaw 3 multiple choice options
coverages insure for
The insureds carries a tenant's package $5,750 3 multiple choice options
policy with a limit of $30,000 for coverage
C. C-personal property.
A fire in his apartment (which he does not
own) causes $5,000 in damages to his
contents; $1,000 in damages to a built-in
oak bookcase which he had custom built;
and $10,000 damage to the
ceiling,floor,and interior walls of the
apartment.
The policy carries a deductible of $250 the
policy will pay
