compucram P&C
voluntary relinquishment or abandonment of a legal right under a valid contract -
✔️✔️waiver
does not have to be present in order for a contract to be legally binding to both parties -
✔️✔️written agreement
a moral hazard - ✔️✔️tendency to create a loss on purpose to collect from the
insurance company
replacement costs on contents on all dwelling policies - ✔️✔️can be added by
endorsement
the home day care endorsement would exclude all of the except liability on the -
✔️✔️premises
libel, slander, defamation and false arrest are not included in the definition of bodily
injury. which endorsement would be required to cover these issues under section II of
the homeowner policy? - ✔️✔️personal injury
contents coverage on all homeowner forms are settled at actual cash value, what is
needed to eliminate depreciation for losses of contents? - ✔️✔️replacement cost
endorsement
not an additional coverage under section I of the homeowners policy? - ✔️✔️60 day all
risk coverage for property removed
which of the following will cover personal use of a company car on a PAP? -
✔️✔️extended non-owned coverage
which of the following would be required to change all of the coverage parts contained
in the commercial package policy? - ✔️✔️interline endorsement
the limits of liability on a CGL policy can be stated as - ✔️✔️both occurrence and
aggregate limits
on the CGL which of the following will have a separate aggregate limit - ✔️✔️products
and completed operations liability
voluntary relinquishment or abandonment of a legal right under a valid contract -
✔️✔️waiver
does not have to be present in order for a contract to be legally binding to both parties -
✔️✔️written agreement
a moral hazard - ✔️✔️tendency to create a loss on purpose to collect from the
insurance company
replacement costs on contents on all dwelling policies - ✔️✔️can be added by
endorsement
the home day care endorsement would exclude all of the except liability on the -
✔️✔️premises
libel, slander, defamation and false arrest are not included in the definition of bodily
injury. which endorsement would be required to cover these issues under section II of
the homeowner policy? - ✔️✔️personal injury
contents coverage on all homeowner forms are settled at actual cash value, what is
needed to eliminate depreciation for losses of contents? - ✔️✔️replacement cost
endorsement
not an additional coverage under section I of the homeowners policy? - ✔️✔️60 day all
risk coverage for property removed
which of the following will cover personal use of a company car on a PAP? -
✔️✔️extended non-owned coverage
which of the following would be required to change all of the coverage parts contained
in the commercial package policy? - ✔️✔️interline endorsement
the limits of liability on a CGL policy can be stated as - ✔️✔️both occurrence and
aggregate limits
on the CGL which of the following will have a separate aggregate limit - ✔️✔️products
and completed operations liability
