- Study guides, Class notes & Summaries

In a homeowners policy, Coverage D- Loss of Use will NOT cover: * Meals out when a home is damaged and not habitable * loss of rental income if a renter can't stay in the apartment until damages are repaired * hotel expenses when damage prevents the insured from living in the home * loss of rental income after damage to a rental unit has been fixed, but no new renter has been found* loss of rental income after damage to a rental unit has been fixed, but no new renter has been found The...

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10 pages

Written in 2023/2024

Grade A+

STANFORDGRADESS

Which of the following statements is NOT TRUE regarding the "Extended Period of Indemnity" option of the Business Income form? The coverage applies for 120 days following the period of restoration When a Hawaii employee sustains an injury requiring medical treatment beyond first aid, how long does the employer have to report the accident to the Director of Labor and Industry relations? 7 working days After paying a claim an insurance company may have the right to pursue legal action ...

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61 pages

Written in 2023/2024

Grade A+

STANFORDGRADESS

Coverage F on HO-3 will pay medical expenses for Anyone invited onto your property and injured while there not a resident "Medical Payments to Others" Negligence or a tort A legal duty owed is proven and breach of legal duty owed is also present A common carrier is not liable for the loss of a shipper's goods when the loss results from An act of God such as floods, hurricanes or negligence of the shipper (poor packaging) Inland marine insurance is commonly used to insure property...

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20 pages

Written in 2023/2024

Grade A+

STANFORDGRADESS

Which of the following statements is not correct regarding qualifications for an adjuster's license? An attorney who adjusts losses from time to time is considered an adjuster. An unauthorized insurance company may also be referred to as a Surplus lines insurer Which of the following statements is not correct regarding surplus lines insurance? The surplus lines insurance must be procured at a rate that is lower than the prevailing rate for the same type of coverage A surplus lines brok...

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15 pages

Written in 2023/2024

Grade A+

STANFORDGRADESS

Under the Standard Fire policy, how many days of coverage is provided by the policy to cover property moved to another location when the property is endangered by the perils insured against under the policy? 5 days When the Hawaii Department is investigating possible insurance law violations, the Commissioner will pay all of the following, EXCEPT: Answer Choices: Cost to search for items designated by the subpoena. Mileage for witnesses to attend the hearing. Costs to reproduce rec...

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7 pages

Written in 2023/2024

Grade A+

STANFORDGRADESS

Under the Standard Fire policy, how many days of coverage is provided by the policy to cover property moved to another location when the property is endangered by the perils insured against under the policy? - 5 days When the Hawaii Department is investigating possible insurance law violations, the Commissioner will pay all of the following, EXCEPT: Answer Choices: Cost to search for items designated by the subpoena. Mileage for witnesses to attend the hearing. Costs to reproduce records...

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7 pages

Written in 2023/2024

Grade A+

ClassHero

Under the Standard Fire policy, how many days of coverage is provided by the policy to cover property moved to another location when the property is endangered by the perils insured against under the policy? - 5 days When the Hawaii Department is investigating possible insurance law violations, the Commissioner will pay all of the following, EXCEPT: Answer Choices: Cost to search for items designated by the subpoena. Mileage for witnesses to attend the hearing. Costs to reproduce records...

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7 pages

Written in 2023/2024

Grade A+

Preach

Under the Standard Fire policy, how many days of coverage is provided by the policy to cover property moved to another location when the property is endangered by the perils insured against under the policy? - ANS - 5 days When the Hawaii Department is investigating possible insurance law violations, the Commissioner will pay all of the following, EXCEPT: Answer Choices: Cost to search for items designated by the subpoena. Mileage for witnesses to attend the hearing. Costs to reproduce r...

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7 pages

Written in 2022/2023

Grade A+

Tulloch

Under the Standard Fire policy, how many days of coverage is provided by the policy to cover property moved to another location when the property is endangered by the perils insured against under the policy? - ANS - 5 days When the Hawaii Department is investigating possible insurance law violations, the Commissioner will pay all of the following, EXCEPT: Answer Choices: Cost to search for items designated by the subpoena. Mileage for witnesses to attend the hearing. Costs to reproduce r...

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7 pages

Written in 2022/2023

Grade A+

Eustace