Nevada Statutes and Regulations for Property Only (solved)

When Joe was shopping for property insurance for his mobile home, the company he looked at had outrageously high premiums. Joe was told that they were required to set the premiums at that level and all other insurers would have the same premiums. Why is this not true? AOnly insurers that offer both property and liability insurance for mobile homes are required to have high premiums. BNo insurers are required to offer insurance on mobile homes for premiums that are not fair and adequate. COnly certain insurers are required to offer high premiums on mobile home insurance. DThis is true. correct answers No insurers are required to offer insurance on mobile homes for premiums that are not fair and adequate. Insurance on real or personal property is called what? correct answers Property insurance All Inland Marine policies must ABe approved by the Commissioner. BInclude coverage of money and securities. CExclude improvements of the building. DExclude coverage of money and securities. correct answers Exclude coverage of money and securities Insurance on real or personal property of every kind against loss or damage from hazards is described as A. Casualty insurance B. Personal insurance C.Liability insurance D. Property insurance correct answers Property insurance The Inland Marine policies available after property is sold to the ultimate purchaser are musical instrument dealers, camera dealers, furrier dealers, and ASigns. BEquipment dealers. CInstallation floaters. DJewelers blocks. correct answers Equipment dealers Property insurance does not AInclude damage from hazards. BInclude contractual legal liability for any loss. CInclude title insurance. DApply to personal property. correct answers Include title insurance Who must offer insurance to pay the market value of a mobile home? AAll insurers providing any kind of property insurance BAll insurers providing casualty insurance CNo one is required to provide that kind of insurance