LA Claims Adjuster Property and Causality Practice Exam 2 Rated A

LA Claims Adjuster Property and Causality Practice Exam 2 Rated A $300,000. The minimum liability amount per occurrence for bodily injury and property damage claims available under the BOP is: : The Insurer An insured carries aircraft liability coverage with "admitted aircraft liability coverage." Who negotiates the payment of the claim if a passenger is injured in an accident? : The Ship Owner. Whose responsibility is it to see that a ship is seaworthy? "specialty" Ocean Marine and/or Aviation insurance are ____ policies that cannot be packages together with other commercial risks into a package policy. $10,000 What is the limit of insurance that applies to property in transit in the BOP? $100,000. A Businessowners policy has a $500,000 occurrence limit for liability, and a $1,000,000 aggregate limit. If claims for $600,000 and $400,000 have been filed in two separate incidents, how much coverage remains, if any, for future claims submitted during the policy term? $100,000. What is the minimum limit for Coverage L of the Personal Liability Supplement that can be attached to a Dwelling Property policy? $1000 per person The basic limit for coverage F-medical payments of the standard homeowners form is normally $1000. The maximum payable for damage or loss to signs attached to the building covered under a BOP issued to the tenant of a building is: $13,000 An insured with auto limits of 10/20/10 causes bodily injuries to a third party of $8,000. After losing in court he has defense costs of $5,000. What is the insurance company's responsibility to pay? $240 Samantha misses three days from work because of a lawsuit against her, which requires her appearance in court. She loses $80 in wages each day that she is at court. Her CGL insurance company will pay: $25,000 What is the limit that is paid for water damage under equipment breakdown policy $25,000. In Louisiana, a person who violates a cease and desist order of the Commissioner may be fined up to ____ for each violation. $250 The CGL provides up to ___per day for loss of earnings as a supplementary payment $250 Under the supplementary payments section of a CGL policy. Provides a specific limit of ___for the cost of bail bonds.. $250 uninsured motorist deductible $5,000 / 5 In Louisiana, a person who commits a fraudulent insurance act may be fined up to ___ and imprisoned for up to ___ years, or both. $5,000 A storm has caused heavy damage to property adjacent to but not owned by the insured. Debris from the damage caused by the storm has blown onto the insured's covered property. How much coverage under the ISO standardized Businessowners policy is provided for removal of this debris? $500 what is the maximum fine for each violates the "immediate contact" rule in LA $500 What is the penalty an insurer may be fined for requiring a claimant have their vehicle be repaired at a particular repair shop in Louisiana? $505,000. Under an Equipment Breakdown Protection policy with $500,