Idaho Statues, Rules and Regulations Pertinent to Property Insurance Only (Well-enlightened)
What coverages are excluded under the Standard Fire Policy? correct answers Currency Accounts Deeds Bills and Evidence of Debt How many days after a fire loss is remaining transferred personal items covered through the standard fire policy provision? correct answers 5 days at any location from any virtual perils The SFP is a named peril policy, which perils are covered? correct answers Fire Lightning Any Removed contents endangered by the fire or lightning, 5 days after initial loss All of the following are excluded coverages from a standard fire policy except for a.) Deeds and Bills b.) Manuscripts and Bullion c.) Money d.) Stocks and Bonds correct answers B In Idaho which of the following kinds of insurance policies is the basis for all property insurance policies and is the only policy with its wording standardized by the law a.) Fire b.) Homeowners c.) Dwelling d.) Marine correct answers A The New York Standard Fire Policy is classified as "Standard" because.. a.) the policy conditions are identical in each state b.) the rates for coverage are the same in each state c.) The policies inception and expiration are based upon "standard" times d.) It is the same as the ISO policy correct answers A How are state Insurance Guaranty Associations funded? a.) By their members, authorized insurers b.) By the department of insurance c.) By the NAIC d.) By the Government correct answers A
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