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FLORIDA CLAIMS ADJUSTER EXAM
Frankrhownedrharhhomerhthatrhwasrhdestroyedrhbyrharhhurricane.rhBothrhABCrhandrhXYZrhBanksrhwererhlistedrhasrhad ditionalrhinterestsrhonrhhisrhhomeownerrhpolicy.rhTherhinsurancerhcompanyrhwillrhmakerharhpaymentrhto:rh A.rhTherhfirstrhmortgagee,rhABC B.rhTherhInsured C.rhJointlyrhtorhABCrhandrhXYZ D.rhAllrhlistedrhinterestsrh-rhanswersD.rhAllrhlistedrhinterests Rememberrhthatrhtherhinsurerrhisrhnotrhresponsiblerhtorhknowrhtherhdegreesrhofrhinterest.rhInrhtherheventrhofrharhloss ,rhonerhpaymentrhisrhmaderhbyrhtherhinsurerrhandrhitrhisrhuprhtorhtherhadditionalrhinterestsrhonrhworkingrhoutrhtheirrhsha re. Insurancerhappliesrhseparatelyrhtorheachrhinsuredrhasrhifrhotherrhinsuredsrhdidrhnotrhexist.rhThisrhisrhdefinedrhas: A.rhSeverability B.rhConditional C.rhWarranty D.rhNonerhofrhtherhaboverh-rhanswersA.rhSeverability Propertyrhinsurancerhpoliciesrhusuallyrhcontainrha(n)rh__________rhclause,rhstatingrhtherhinsuredrhcannotrhdu mprhdamagedrhpropertyrhonrhtherhinsurerrhandrhdemandrhitsrhfullrhvalue: A.rhProrhRata B.rhAbandonment C.rhLiberalization D.rhAllrhofrhtherhaboverh-rhanswersB.rhAbandonment A(n)rh__________rhisrhonerhwhereinrheconomicrhlossrhwouldrhberhsufferedrhfromrhanrhadverserhhappeningrhtorht herhsubject: A.rhConditionalrhContract
B.rhPersonalrhContract C.rhEconomicrhContract D.rhInsurablerhInterestrh-rhanswersD.rhInsurablerhInterest Statesrhthatr hifrhtherhinsurerrhadoptsrharhrevisionrhwhichrhwouldrhbroadenrhcoveragerhwithoutrhadditionalrhpre miumrhwithinrhsomerhperiodrhofrhtimerhpriorrhtorhtherhpolicyrhperiodrhorrhduringrhtherhpolicyrhperiod,rhtherhinsuredrh receivesrhtherhbenefitrhofrhsuchrhbroadenedrhcoverage. A.rhCancellationrhClause B.rhPolicyrhPeriod C.rhProrhRata D.rhLiberalizationrh-rhanswersD.rhLiberalization Therhtimerhframerhisrhtypicallyrh 60 rhdays. Therh__________rhstatesrhthatrhwhenrhthererhisrhanrhunbrokenrhconnectionrhbetweenrhanrhoccurrencerhandrhd amagerhthatrhgrowsrhoutr hofrhtherhoccurrence,rhthenrhtherhresultantrhdamagerhisrhallrharhpartrhofrhtherhoccurrence. A.rhDoctrinerhofrhProximaterhCause B.rhDoctrinerhofrhPerilsrh&rhHazards C.rhInsurancerhPolicyrhHandbook D.rhDoctrinerhofrhPropertyrhInsurancerh-rhanswersA.rhDoctrinerhofrhProximaterhCause Forrhexample,rhifrharhpropertyrhinsurancerhpolicyrhcoversrhtherhperilrhofrhfirerhbutrhfurtherrhdamagerhisrhcausedrhbyrhs moke,rhwaterrhusedrhtorhextinguish,rhandrhtherhprocessrhofrhmovingrhpropertyrhawayrh- rhfirerhisrhconsideredrhtorhberhtherhproximaterhcauserhofrhallrhofrhtherhdamage. TherhLossrhSettlementrhValuationrhthatrhsubtractsrhanrhallowancerhforrhdepreciationrhisrhdefinedrhas? A.rhActualrhCashrhValue B.rhReplacementrhCost C.rh"OldrhforrhNew" D.rhNonerhofrhtherhAboverh-rhanswersA.rhActualrhCashrhValue
UnderrhMechanicalrhBreakdownrhCoverage,rhnewrhcarsr harerheligiblerhforrhservicerhuprhto: A.rh 36 rhMonths/36,000rhMiles B.rh 24 rhMonths/36,000rhMiles C.rh12,000rhMonths/12,000rhMiles D.rh 12 rhMonths/36,000rhMilesrh-rhanswersA.rh 36 rhMonths/36,000rhMiles Usedrhvehicles:rh 12 rhMonths/12,000rhMiles Ifrhfinancialrhresponsibilityrhdoesn'trhexistrhatrhtherhtimerhofrhanrhaccident,rhwhichrhofrhtherhfollowingrhthingsrhmus trhhappenrhtorhavoidrhpenalties? A.rhTherhlegallyrhvalidrhclaimsrhofrhothersrhmustrhberhsatisfiedrh(uprhtorh10/20/10) B.rhTherhownerrhandrhoperatorrhmustrhproviderhcertificationrhofrhfuturerhresponsibilityrhforrhfuturerhaccidents C.rhBothrhArh&rhB D.rhNonerhofrhtherhAboverh-rhanswersC.rhBothrhArh&r hB Asrhtorhrequiredrhproofrhforrhfuturerhaccidentsrhbyrhpurchaserhofrhautorhliabilityrhinsurance,rhtherhinsurerrhmustrh makerharhfilingrh(FormrhSR- 22)rhcertifyingrhthatrhcoveragerhisrhinrheffect,rhandrhthisrhcertificationrhmustrhremainrhonrhfilerhforrh__________rhy ears:rh A.rh 1 B.rh 3 C.rh 4 D.rh 2 rh-rhanswersB.rh 3 TherhBusinessrhAutomobilerhPolicyrhincludesrhallrhofrhtherhfollowingrhcoveragerhformsrhexcept: A.rhTherhGaragerhCoveragerhForm B.rhTherhTrailerrhInterchangerhCoveragerhForm C.rhTherhTruckersrhCoveragerhForm D.rhTherhBusinessrhAutorhCoveragerhFormrh-rhanswersB.rhTherhTrailerrhInterchangerhCoveragerhForm
PersonalrhInjuryrhProtection,rhorrhPIP,rhhasrharh__________rhperrhperson,rhperrhaccidentrhlimit. A.rh10, B.rh20, C.rh1, D.rhDependsrhonrhtherhdamagedrhpropertyrh-rhanswersA.rh10, Usedrhtorhinsurerhbusinessesrhengagedrhinrhselling,rhservicing,rhrepairing,rhparkingrhorrhstoringrhautomobiles: A.rhServicingrhCoveragerhForm B.rhGaragerhCoveragerhForm C.rhTruckersrhCoveragerhForm D.rhNonerhofrhtherhAboverh-rhanswersB.rhGaragerhCoveragerhForm Therhfollowingrhexamplesrharerhreferredrhtorhasrh__________rhliabilityrhlimits:rh25/50/25rhorrh10/20/10. A.rhSplit B.rhSingle C.rhStraight D.rhNonerhofrhtherhAboverh-rhanswersA.rhSplit 10/20/10rh=rh 10,000rhperrhpersonrhinjured 20,000rhallrhinjuriesrhcombined 10,000rhpropertyrhdamage Examplerhofrhstraightrhliabilityrhlimitrh=rh$30, Jeremyrhhasrharhnotrhatrhfaultrhaccident.rhIfrhherhhasrhPIPrhwithrharh$1,000rhdeductible,rhhowrhmuchrhcanrhherhexpectrhh isrhPIPrhcoveragerhtorhpayrhtowardrhhisrhmedicalrhbillsrhthatrhtotalrh$3,000? A.rh$1, B.rh$1, C.rh$2,
B.rhMortgageerhClause C.rhLenderrhClause D.rhAdditionalrhInsuredrhClauserh-rhanswersB.rhMortgageerhClause Mortgageerh-rhHomeowner'srhpolicy LossrhPayeerh-rhAutomobilerhpolicy Whichrhofrhtherhfollowingrhformsrhisrh"all-risk"rhonrhtherhdwellingrhpolicy? A.rhDP-1,rhorrhtherhBasicrhForm B.rhDP-2,rhorrhtherhBroad C.rhDP-3,rhorrhtherhSpecialrhForm D.rhNonerhofrhtherhAboverh-rhanswersC.rhDP-3,rhorrhtherhSpecialrhForm Whenrhtherhbasicrhliabilityrhlimitsrhprovidedrhbyrhtherhpolicyrharerhinsufficientrhforrhanrhinsuredsrhneeds,rhtworhcov eragerhformsrharerhusedrhtorhproviderhtherhadditionalrhamountsrhofrhcoverage: A.rhExcessrhLiability B.rhUmbrella C.rhBothrhArh&rhB D.rhNonerhofrhtherhAboverh-rhanswersC.rhBothrhArh&r hB WhichrhofrhtherhfollowingrhisrhnotrhcoveredrhunderrhCoveragerhC,rhPersonalrhProperty? A.rhArhfirerhbreaksrhoutrhinrhtherhresidencerhandrhanrhovernightrhguestrhlosesrhhisrhclothesrhinrhtherhfire B.rhArhfishrhdiesrhbecauserhherhhasrhbeenrhleftrhalonerhforrharhweekrhwithoutrhfood C.rhTherhinsuredsrhdaughtersrhtennisrhracketrhisrhstolenrhfromrhherrhlocker D.rhTherhinsuredsrhsuitcaserhandrhclothing,rhvaluedrhatrh$1,500,rharerhstolenrhfromrhhisrhhotelrh- rhanswersB.rhArhfishrhdiesrhbecauserhherhhasrhbeenrhleftrhalonerhforrharhweekrhwithoutrhfood Animalsrharerhlistedrhasrhanrh"exclusion"rhunderrharhHomeowner'srhpolicy. AllrhofrhtherhfollowingrharerheligiblerhforrharhHomeowner'srhPolicy,rhexcept? A.rhAnrhapartmentrhtenant
B.rhArhcondominiumrhowner C.rhFour-familyrhdwellingrhowner-occupant D.rhArhbusinessrhcondorhownedrhbyrharhlocalrhinsurancerhcompanyrh- rhanswersD.rhArhbusinessrhcondorhownedrhbyrharhlocalrhinsurancerhcompany CommercialrhpropertyrhisrhnotrheligiblerhforrharhHomeowner'srhpolicy. WhichrhofrhtherhfollowingrharerhcharacteristicsrhofrhHomeowner'srhInsurance? A.rhProtectsrhagainstrheconomicrhlossrhtorhresidencesrhandrhhouseholdrhpropertyrhandrhlegalrhliabilities B.rhOwner-occupantsrhofrh 1 - 4 rhfamilyrhdwellings C.rhRentersrhwhorhmaintainrhresidentialrhoccupancyrhinrhanyrhtyperhofrhbuilding D.rhAllrhofrhtherhAboverh-rhanswersD.rhAllrhofrhtherhAbove Alsorhincluded:rhpersonal,rhnon- businessrhrisk,rhnorhmorerhthanrh 2 rhroomers/boarders,rhcondominiumrhunitrhownersrhandrhcooperativerhapa rtmentrhoccupants Jeremyrhownsrharhhomerhthatrhisrhrecentlyrhdamagedrhduerhtorharhhurricane.rhTherhrepairrhestimaterhisrhaveragedrh atrh$25,000rhandrhJeremyrhdecidesrhtorhstayrhinrharhhotelrhbecauserhmostrhofrhtherhdamagerhisrhtorhhisrhbedroomrhandrh kitchen.rhUnderrharhHomeowner'srhPolicy,rhwhatrhcoveragerhwillrhpayrhforrhtherhhotelrhroomrhbill? A.rhFairrhRentalrhValue B.rhValuerhObligation C.rhLossrhofrhUse D.rhInsurersrhDutiesrh-rhanswersC.rhLossrhofrhUse Therhinsurerrhwillrhpayrhanyrhnecessaryrhandrhreasonablerhexpensesrhassociatedrhwithrharhdailyrhlivingrhroutine. Anrhinsuredrhwhorhwishesrhtorhpurchaserhfloodrhinsurance,rhbutrhisrhlocatedrhinrharhmoderaterhorrhlowrhriskr hfloodrhz onerhmayrhdorhsorhbyrhpurchasingrha: A.rhPreferredrhRiskrhFloodrhPolicy B.rhStandardrhFloodrhPolicy C.rhUniversalrhFloodrhInsurance D.rhNonerhofrhtherhAboverh-rhanswersA.rhPreferredrhRiskrhFloodrhPolicy
Sometimesrhreferredrhtorhasrhcommercialrhfirerhandrhalliedrhlines,rhthisrhisrhtherhformrhofrhinsurancerhthatrhcoversrh directrhandrhindirectrhlossesrhrelatedrhtorhpropertiesrhotherrhthanrhone-to- fourrhfamilyrhdwellingsrhandrhfarmrhproperties: A.rhBusinessrhPropertyrhInsurance B.rhBuildingrhPropertyrhInsurance C.rhCommercialrhPropertyrhInsurance D.rhNonerhofrhtherhAboverh-rhanswersC.rhCommercialrhPropertyrhInsurance (therhquestionrhisrhtherhdefinitionrhforrhthisrhterm) UnderrhCommercialrhPropertyrhPolicies,rhFloridarhlawrhrequiresrhanrhinsurerrhtorhgiverhtherhinsuredrhatrhleastrh__ ________daysrhadvancerhwrittenrhnoticerhofrhnon-renewal. A.rh 25 B.rh 90 C.rh 45 D.rhNonerhofrhtherhAboverh-rhanswersC.rh 45 Also,rhnoticerhmustrhstaterhreasonsrhtherhpolicyrhisrhnotrhtorhberhrenewed. Whenrharhbusiness'srhpersonalrhpropertyrhvaluesrhfluctuate,rharhsingle,rhfixedrhamountrhofrhinsurancerhcouldrhpr oducerheitherrhover-rhorrhunder- insurancerhatrhanyrhgivenrhtime.rhWithrhthisrhoption,rhtherhlimitrhofrhcoveragerhisrhsetrhatrhanrhamountrhsomewhatrhh igherrhthanrhexpectedrhpeakrhvalues. A.rhValuerhReporting B.rhReplacementrhCost C.rhAgreedrhValue D.rhNonerhofrhtherhAboverh-rhanswersA.rhValuerhReporting ReplacementrhCostrhisrhincorrectrhb/crhitrhcalculatesrhmonetaryrhvaluerhofrhone'srhpersonalrhproperty Liberalizationrhstates,rh"Therhinsuredrhgetsrhtherhbenefitrhofrhanyrhbroadenedrhcoveragerhifrhtherhcompany,rhwit hinrh__________rhdaysrhofrhinception,rhadoptsrharhformrhrevisionrhthatrhisrhbroaderrhandrhwithoutrhincreaserhinrhp remium."
A.rh 10 rhdays B.rh 55 rhdays C.rh 65 rhdays D.rh 45 rhdaysrh-rhanswersD.rh 45 rhdays Usedrhtorhcoverrhbuildingsrhinrhtherhcourserhofrhconstruction: A.rhBuildersrhRiskrhPolicy B.rhBuildersrhReplacementrhPolicy C.rhConstructionrhReplacementrhPolicy D.rhNonerhofrhtherhAboverh-rhanswersA.rhBuildersrhRiskrhPolicy Includes:rhstructurerhbeingrhbuiltrh(includingrhfoundations),rhfixturesrhandrhmachinery,rhequipmentrhtorhser vicerhbuilding,rhownedrhmaterialsrhandrhsuppliesrhusedrhforrhconstruction.rhTemporaryrhstructuresrhbuiltrhorrha ssembledrhonrhsiterharerhalsorhincludedrhifrhnotrhcoveredrhbyrhinsurance. FirstrhdevelopedrhasrhanrhextensionrhofrhOceanrhMarinerhcoverage,rhtorhproviderhcoveragerhforrhcargorhtravelingr hoverrhland,rhinsteadrhofrhbyrhsea. A.rhCommercialrhInlandrhMarinerhCoverage B.rhPersonalrhInlandrhMarinerhCoverage C.rhOceanrhCommercialrhCoverage D.rhNonerhofrhtherhAboverh-rhanswersA.rhCommercialrhInlandrhMarinerhCoverage Definition:rhtorhhelprhidentifyrhkindsrhofrhrisksrhwhichrharerheligiblerhforrheitherrhOceanrhorrhInlandrhMarinerhinsura nce. Protectsrhagainstrhlossr hofrhbusinessrhincomerhthatrhresultsrhfromrhdamagerhtorhcoveredrhpropertyrhfromrharhcov eredrhcauserhofrhloss. A.rhBusinessrhIncomerhInsurancerhCoverage B.rhBusinessrhIncomerhReplacementrhCoverage C.rhBusinessrhIncomerhActualrhValuerhCoverage D.rhNonerhofrhtherhAboverh-rhanswersA.rhBusinessrhIncomerhInsurancerhCoverage
Alsorhincluded:rhNuclearrhEnergyrhLiabilityrhExclusionrhendorsementrh(otherrhendorsementsrhmayrhberhatta ched) Thererhisrh__________rhcoveragerhforrhinjury,rhdamagerhorrhclean- uprhcostsrhcausedrhbyrhpollutants,rhsubjectrhtorhminorrhexceptions: A.rh50% B.rh10% C.rh0% D.rhArhPercentagerhRatiorh-rhanswersC.rh0% UnderrharhCommercialrhGeneralrhLiabilityrhPolicy,rharhbasicrhlimitrhofrh__________rhperrhpersonrhappliesrhtorhMe dicalrhPayments: A.rh$1, B.rh$10, C.rh$2, D.rh$5,000rh-rhanswersD.rh$5, Paymentrhisrhforrhmedical,rhdental,rhhospital,rhandrhfuneralrhservicesrhincurredrhwithinrhonerhyearrhofrhdaterhofrhac cidentrhtorhpersonsrhwhorhsufferrhbodilyrhinjuryrhbyrhaccidentrh1.rhonrhorrhnextrhtorhinsured'srhownedrhorrhrentedrhpr emises,rhorrh2.rhduerhtorhinsured'srhoperations. TherhCommercialrhGeneralrhLiabilityrh__________rhidentifiesrhtherhnamedrhinsuredrhandrhaddress,rhstatesrht herhpolicyrhperiodrhandrhpremiumrhandrhmiscellaneousrhinformationrhaboutrhtherhinsured,rhandrhspecifiesrhth erhlimitsrhofrhcoveragerhthatr happly. A.rhDeclarations B.rhContract C.rhPolicy D.rhNonerhofrhtherhAboverh-rhanswersA.rhDeclarations Statesrhtherhpertinentrhinformationrhofrhtherhpolicy
TherhNuclearrhEnergyrhLiabilityrhExclusionrhendorsement,rhinrhgeneral,rh__________rhallrhhazardsrhrelatedrht orhnuclearrhenergy. A.rhIncludes B.rhExcludes C.rhProhibits D.rhSummarizesrh-rhanswersB.rhExcludes FirmsrhinvolvedrhinrhNuclearrhactivitiesrhreceiverhprotectionrhfromrhspecialrhinsurerrhpoolsrhorganizedrhforrhtha trhpurpose. Toxicrhwastesrhescapedrhfromrharhgasrhstationrhdisposalrhtank.rhTherhinsuredrhoperatorrhdiscoversrhtherhleakrhandrh cleansrhuprhtherhspill.rhUnfortunately,rhtherhwasterhquicklyrhseepedrhintorhtherhgroundrhandrhhasrhcausedrhillnessrh amongrhtherhresidentsrhofrharhneighboringrhcommunityrhThisrhisrhanrhexamplerhof? A.rhLossrhKnown B.rhKnownrhLoss C.rhClaims-Made D.rhNonerhofrhtherhAboverh-rhanswersB.rhKnownrhLoss Insurerrhshouldrhhaverhbeenrhnotifiedrhandrhfurtherrhinvestigationrhofrhtherhspillrhandrheffectiverhclean- uprhwouldrhhaverhbeenrhobserved. AppliesrhtorhBIrhorrhPDrhwhichrhoccursrhduringrhtherhpolicyrhperiod,rhregardlessrhofrhanyrhlaterrhtimerhatrhwhichrharhclai mrhisrhmade: A.rhOccurrencerhForm B.rhClaims-MaderhForm C.rhPremisesrhandrhOperationsrhExposure D.rhNonerhofrhtherhAboverh-rhanswersA.rhOccurrencerhForm vs.rhClaims- Made:rhappliesrhonlyrhtorhBIrhorrhPDrhoccurringrhonrhorrhafterrhretroactiverhdaterhforrhwhichrhclaimrhisrhreceived/rec ordedrhduringrhpolicyrhperiod AppliesrhonlyrhtorharhBIrhorrhPDrhwhichrhoccursrhonrhorrhafterrhtherhretroactiverhdate,rhandrhforrhwhichrhtherhclaimrhisrhre ceivedrhorrhrecordedrhbyrhanrhinsuredrhorrhtherhcompanyrhduringrhtherhpolicyrhperiod:
Disabilityrh- rhincapacityrhduerhtorhinjuryrhtorhearnrhsamerhorrhanyrhotherrhemploymentrhwagesrhthatrhemployeerhwasrhreceivin grhatrhtimerhofrhinjury. Mandatoryrhforrhrisksrhexceedingrhcertainrhannualrhpremiums,rhrecognizesrhtherhpriorrhlossrhexperiencerhofrht herhriskrhandrhappliesrheitherrharhdebitrhforrhunfavorablerhexperiencerhorrharhcreditrhforrhbetter-than- expectedrhlossrhresults.rhThisrhisrhdefinedrhas: A.rhTherhExperiencerhRatingrhPlan B.rhTherhRetrospectiverhRatingrhPlan C.rhTherhRiskrhPlan D.rhNonerhofrhtherhAboverh-rhanswersA.rhTherhExperiencerhRatingrhPlan This,rhalongrhwithrhRetrospectiverhRatingrhPlan,rhisrharhmanualrhratingrhprocessrhuntilrhpremiumsrhreachrharhcerta inrhlevel. Underrhworkersrhcompensations,rharhraterhisrhchargedrhforrheveryrh__________rhofrhpayrollrhtorhemployees. A.rh$ B.rh$1, C.rh$ D.rh$500rh-rhanswersA.rh$ TherhNationalrhCouncilrhonrhCompensationrhInsurancerhenforcesrhthisrhrating. UnderrhWorkersrhCompensation,rhPartrhFourrhYourrhDutiesrhifrhInjuriesrhOccur,rhanrhemployerrhisrhrequiredrhto: A.rhProviderhtherhnames/addressesrhofrhinjuredrhpersonsrhandrhwitnesses B.rhPromptlyr hproviderhanyrhlegalrhpapers C.rhCooperaterhandrhassistrhasrhinsurerrhrequests D.rhAllrhofrhtherhAboverh-rhanswersD.rhAllrhofrhtherhAbove Alsorhincluded:rhimmediaterhcontactrhwithrhinsurer,rhprovidingrhimmediaterhmedicalrhorrhotherrhservices,rhdor hnothingrhtorhinterfererhwithrhinsured'srhrightrhofrhrecovery,rhmakerhnorhvoluntaryrhpaymentsrhorrhassumerhanyrho bligationrhexceptrhatrhemployer'srhownrhcost.
UnderrhWorkersrhCompensation,rhEmployersrhLiabilityrhincludes: A.rhClaimsrhbyrhothersrhforrhtherhliabilitiesrhtorhinsuredsrhemployees B.rhClaimsrhbyrhrelativesrhofrhinjuredrhemployeesrhforrhconsequentialrhdamages C.rhClaimsrhmaderhbyrhemployeesrhthatrharerhnotrhsubjectrhtorhWorkersrhComprhLaws D.rhAllrhofrhtherhAboverh-rhanswersD.rhAllrhofrhtherhAbove Samantharheatsrhuncookedrhchickenrhatrharhlocalrhbarbecuerhjointrhandrhbecomesrhviolentlyrhill.rhWhichrhofrhtherhf ollowingrhworkersrhcompensationrhbenefitsrhwouldrhpayrhforrhthisrhoccurrence? A.rhArhproductsrhandrhcompletedrhoperationsrhform B.rhArhpremisesrhandrhoperationsrhform C.rhAnrhownersrhandrhcontractorsrhprotectiverhliabilityrhform D.rhNonerhofrhtherhAboverh-rhanswersD.rhNonerhofrhtherhAbove Samantharhisrhnotrhanrhemployeerhofrhtherhbarbecuerhjoint;rhWorkersrhComprhdoesrhnotrhapply. Anrhoptionalrhalternativerhprovidingrhforrhadjustmentrhofrhpremiumrhafterrhexpiration,rhbasedrhonrharhguarant eedrhbasicrhpremiumrhtorhtherhinsurerrhtorhwhichrhisrhaddedrhtherhactualrhlossesrhincurredrhbyrhtherhinsured.rhThisrhi srhdefinedrhas: A.rhCost-PlusrhRatingrhPlan B.rhExperiencerhRatingrhPlan C.rhRetrospectiverhRatingrhPlan D.rhNonerhofrhtherhAboverh-rhanswersC.rhRetrospectiverhRatingrhPlan OftenrhreferredrhtorhasrhCost-PlusrhPrograms UnderrhEmployer'srhLiability,rhtherhminimumrhlimitsrhofrhliabilityrhare: A.rh100/100/ B.rh100/500/ C.rh500/100/ D.rh100/500rh-rhanswersA.rh100/100/ $100,000rhforrhallrhclaimsrhinrheachrhaccident
B.rhLossrhSustained C.rhSustainedrhLoss D.rhNonerhofrhtherhAboverh-rhanswersB.rhLossrhSustained OnerhexceptionrhtorhtherhrulerhisrhthatrhLossrhSustainedrhformsrhwillrhalsorhcoverrhlossesrhthatr hoccurredrhunderrhpr eviousrh(expired)rhcrimerhpoliciesrhandrhthatrhwererhdiscoveredrhduringrhcurrentrhpolicyrhyear,rhasrhlongrhasrhcrim erhcoveragerhhadrhcontinuedrhw/orhinterruption Anyrhlossrhdiscoveredrhduringrhtherhpolicyrhperiodrhorrhwithinrh 60 rhdaysrhafterrhitsrhexpirationrh(onerhyearrhafterrhex pirationrhforrhlossesrhconnectedrhwithrhemployeerhbenefitrhplans)rhisrhcoveredrhregardlessrhofrhwhenrhitrhoccurr ed.rhThisrhisrhdefinedrhas: A.rhLossrhSustained B.rhValuation C.rhDiscovery D.rhNonerhofrhtherhAboverh-rhanswersC.rhDiscovery IfrhXYZrhrestaurantrhdiscoversrhstolenrhgoodsrhtakenrhoverrharhyearrhago,rhthisrhisrhwithinrh 2 rhyearsrhofrhinceptionrhdat erhandrhfoundrhwithinrhpolicyrhperiodrhsorhit'srhcovered. UnderrhCrimerhInsurance,rhtherhinsuredrhisrhcoveredrhforrhlossrhby: A.rhTheft B.rhBurglary C.rhRobbery D.rhAllrhofrhtherhAboverh-rhanswersD.rhAllrhofrhtherhAbove Unlessrhtherhlossrhisrhspecificallyrhexcludedrhorrhlimited Providesrhforrhlossrhofrhmoneyrhandrhsecuritiesrhoutsiderhtherhpremisesrhinrhtherhcare,rhcustodyrhandrhcontrolrhofrharh messengerrhorrharmoredrhcarrhservicerhresultingrhfromrhtheft,rhdisappearancerhorrhdestruction.rhThisrhisrhdefin edrhas: A.rhInsiderhtherhPremises B.rhOutsiderhtherhPremises C.rhCare,rhCustody,rh&rhControl
D.rhNonerhofrhtherhAboverh-rhanswersB.rhOutsiderhtherhPremises Alsorhcoversrhrobberyrhofrhotherrhpropertyrhunderrhtherhcircumstances. Takingrhorrhattemptedrhtakingrhofrhpropertyrhfromrhwithinrharhlockedrhsaferhorrhvault,rhbyrhunlawfulrhentry,rhwithrhvi siblerhmarksrhofrhforciblerhentry,rhorrhtakingrhofrhtherhsaferhorrhvaultrhfromrhinsiderhtherhpremises.rhThisrhisrhdefinedrha s: A.rhSaferhBurglary B.rhInsiderhtherhPremises C.rhCustodialrhBurglary D.rhNonerhofrhtherhAboverh-rhanswersA.rhSaferhBurglary Exclusions:rhaccountingrherrors,rhgiving/surrenderingrhproperty,rhvoluntarilyrhparting,rhfirerh(exceptr hdam agerhtorhsafe/vault),rhvandalism,rhtransferringrhpropertyrhtorhsomeonerhbasedrhonrhunauthorizedrhinstructi onsrhorrhfromrhthreatrhtorhharm Coversrhforrhallrhtypesrhofrhproperty,rhwhenrhsurrenderedrhawayrhfromrhtherhpremisesrhasrharhresultrhofrharhthreatrhtor hdorhbodilyrhharmrhtorhtherhinsuredrhorrhanrhemployee,rhorrhtorharhrelativerhorrhinviteerhofrheither,rhwhorhisrh(orrhallegedl yrhis)rhbeingrhheldrhcaptive.rhThisrhisrhdefinedrhas: A.rhExtortion B.rhSurrenderedrhProperty C.rhClient'srhProperty D.rhNonerhofrhtherhAboverh-rhanswersA.rhExtortion Alsorhtriggeredrhbyrhthreatsrhtorhdamagerhtherhpremisesrhorrhpropertyrhwithinrhtherhpremises. EmployeerhTheftrhCoveragerhmayrhberhwrittenrhinrhtherhfollowingrhways: A.rhScheduledrhPersonsrhCoverage B.rhScheduledrhPositionrhCoverage C.rhBlanketrhCoverage D.rhAllrhMayrhApplyrh-rhanswersD.rhAllrhMayrhApply EmployeerhTheftrhmayrhberhwrittenrhinrhthreerhways.
