P&C comprehensive exam 2022/2023

Under the Building and Personal Property Coverage Form, when is abandonment allowed? A)Abandonment is allowed whenever the insured and insurer fail to reach agreement on the amount of a loss B)Abandonment is never allowed C)Abandonment is allowed only in the cases of total loss D)Abandonment is allowed only after written notice to the company B If the amount of liability insurance coverage is divided between bodily injury and property damage claims, the policy limits are which of the following? A)Per Person Limits B)Combined C)Per Occurrence D)Split Limits D While working together on the roof of a barn, the insured's neighbor fell off and broke his ankle. Which of the following is true about the resulting claim under the insured's Farm policy? A)Coverage J - Medical Payments will not cover the neighbor's medical expenses unless the insured's negligence caused the accident B)There would be no coverage for this injury under any part of a Farm Policy C)The neighbor's medical expenses are only payable under a Workers' Compensation insurance policy D)Coverage J - Medical Payments is no-fault coverage and will pay for necessary medical expenses that the neighbor incurred regardless of negligence D To which disability would a scheduled benefit apply? A)Permanent Total B)Temporary Partial C)Permanent Partial D)Temporary Total C-A scheduled benefit applies to specific permanent partial injuries, such as a specific dollar amount for the loss of a hand.