Property & Casualty Idaho (With 100% correct answers)

Which one of the following symbols used in business auto coverage is correctly described? correct answers Symbol 9- nonowned autos only According to the conditions of a workers compensation policy, the insurer has the right to inspect the insurers workplace correct answers At any time A claim is considered to have been made correct answers When notice is received and recorded by any insured or the insurer, whichever comes first. An insured is driving above the posted speed limit, as he rounds the curve he crashed into an illegally parked car. This is an example of: correct answers Contributory negligence The employee theft crime policy includes a coverage extension that applies to employees temporarily outside the coverage territory for up to correct answers 90 days The part of a policy that clarifies terms in the policy is correct answers Definitions An insurer neglects to pay a legit claim that is covered under the terms of the policy. Which of the following insurance principles has the insurer violated? correct answers Consideration What is the primary objective of workers compensation? correct answers The payment of benefits to employees for injuries arising out of their employment. When ABC Appliances marketing states that its mowing machine was the only safe mower available for purchase in town, ABC was sued by XYZ Lawn and Garden. ABCs coverage would come from which part of its general liability coverage? correct answers Personal and advertising injury liability The authority granted to an agent through the agents contract is referred to as correct answers Express authority What's NOT a supplemental payment found in liability policies? correct answers Costs the insured occurs in hiring an attorney What's is a mandatory part of an insurance policy that varies with each individual policy? correct answers Declarations In case of a loss, the indemnity provision in insurance policies correct answers Restores an insured person to the same financial state as before the loss An insured has a personal auto policy with both comprehensive and collision coverage. His car is stolen and recovered 5 days later. If the insureds claims transportation expenses of $20 per day, how much will his policy pay? correct answers $60