Examfx Alabama Property & Casualty Insurance| 178 Questions | With Complete Solutions

Which endorsement Is used by individual business owners who use Company vehicles for personal use rather than Buying a car? correct answer: Individual named insured What type of liablity would a person who owns wild animals have? correct answer: Absolute The designation symbols used in commercial auto policies can be found in which policy section? correct answer: Section I - Covered Auto of a commercial auto policy explains the designation symbols used in that coverage How long must producers keep records of insurance transactions under their license? correct answer: A producer is required to keep complete records pertaining to all insurance transactions for at least 3 years. Which professional liability form provides form coverage for liability arising out of malpractice, error, or mistakes made in rendering professional services? correct answer: Physicians, surgeons and dentists malpractice Employee theft coverage may be written as a) Blanket coverage b) Name schedule coverage c) Position schedule coverage d) Any of the above. correct answer: D) Employee theft may be written as any of the above forms. Which of the following would be included in the farm liability coverage forms? a) Bodily injury to a residence employee b) Any obligation of the insured under a workers compensation law c) Bodily injury to any person who is an insured d) Bodily injury to an employed farmhand correct answer: A) Just like HO liability, farm liability does not pay for injuries of anyone normally at the insured location except residence employees not covered by workers comp An employee drives a company auto, but does not own a vehicle herself. What endorsement could be added to the insurance policy covering the company auto that would provide coverage to the employee when she drives someone else's car for her personal use? correct answer: Drive other car c