Repair clauses Study guides, Revision notes & Summaries

An insured is sued under a CGL policy. The legal costs are $25,000, prejudgment interest is $9,000 and the judgment against the insured is $300,000. The insured has a $300,0000 CGL occurrence limit on the policy. How much will the insurer pay? ANS- $334,000 What is the order for claim payments if all of the following applied: Medical Payment, Workers' Compensation, Personal Injury Protection? ANS- WC, PIP, MP All of the following are penalties under the Florida No-Fault Law: ANS- Drivers L...

Explain "Scheduled Basis" - Answer- Only the items listed on the policy will be insured Explain "Property of Every Description" Basis - Answer- Building, stock and equipment are insured under a single limit of insurance Explain "All Property (Blanket)" Basis - Answer- All property owned by the insured is insured under a single limit of insurance - this can include property at different locations and may be subject to co insurance Identify 5 components found in the definition of "...

PVL3702 Assignment 2 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references .............. Question 1 Answer saved Marked out of 1.00 Flag question Question text Gary points a loaded gun at Pete, and orders him to sign a written contract. Gary explains that the document is for the sale of Pete’s car to him (Gary), at a price of R50 000 which is far below the market value of the car. Pete, fearin...

Florida Insurance Exam 100% questions and correct answers Risk - ANSWERS the chance of financial loss Risk is NOT the loss itself, but the _________ of loss. - ANSWERS CHANCE Policy - ANSWERS a written contract for effecting insurance and includes Clauses, Riders, endorsements, and papers which are part of the contract Insurance - ANSWERS a contract where one undertakes to indemnify another or pay a specific amount determined on contingencies Binders - ANSWERS temporary insurance whic...

Fundamentals of Insurance Chapter 3 Questions and Answers 100% Correct What is the role of the federal Government when insurers receive federal licensing? Licensing provided only to companies that can meet strict financial standards. Established by the office of the Superintendent of Financial Institutions (OSFI). Insurers are monitored on an ongoing basis. What is the role of the provincial Government? The superintendent of Insurance in each province are responsible for administrating the Ins...

CLC005 Simplified Acquisition Procedures Complete Solution Graded A | 1) You receive a purchase request for janitorial services at an annex to your in stallation. The contract value with option years is expected to be $300,000. Which of the following statements is most accurate regarding the upcoming Request for Quotation? [Determine the proper procedures for the preparation and issuance of a written RFQ.] [Remediation Accessed :N] You must synopsize the requirement because it is over $25,000. Y...

Real Estate CE 45 hour post licensing exam questions with complete solutions Answer the following question as it relates to the 2013 Louisiana Residential Agreement to Buy or Sell. In order to make changes or modifications to the agreement you must: - Answer-Use an addendum Lines 212-229 of the purchase agreement refer to warranties, as is clauses, and new home warranties. In this section the agent should check - Answer-only one box In a "sale with warranty" - Answer-there is no warra...

W59 Rev.1 Questions and Answers 100% Pass CSA Standard W59 contains provisions for which of the following welding processes? SMAW, GMAW, SAW, SW, FCAW, EGW, ESW, MCAW The provisions of CSA Standard W59 are not intended for use with steels having a specified minimum yield strength of over 700 Mpa (100,000 psi). True What is a low hydrogen electrode? An electrode depositing weld metal having a specified maximum limit to the diffusible hydrogen content. "Contractor" refers to: The fabricator ...

National Real Estate Exam with complete solution 20231. Efforts to increase homeownership include all the following EXCEPT A) requiring lower down payments. B) penalizing first-time homebuyers for using funds from IRA's. C) requiring loan applicants to have better credit. D) lowering closing costs for first-time home buyers. C) requiring loan applicants to have better credit. The real cost of owning a home includes certain costs/expenses that many people overlook. Which of the foll...

CCM Exam Study Guide – HPM 327 Questions with Verified Answers What Is a pre-solicitation notice? - CORRECT ANSWER The pre-solicitation notice helps government agencies determine if there are qualified vendors to perform the work scope. It provides a "heads up" that the solicitation will be released and solicits capability responses from responsible vendors. The pre-solicitation notice also helps the government determine if the requirement can be set-aside for a small business if capable ...