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Cards In This Set
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Which one of the following injuries qualifies as a compensable injury under workers compensation laws?Which one of the following injuries qualifies as a compensable injury under workers compensation laws?
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A factory worker fractures her arm while working overtime on the assembly line.
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A device that is used to minimize small nuisance claims and that helps to keep insurance premiums down is called what?A device that is used to minimize small nuisance claims and that helps to keep insurance premiums down is called what?
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Deductible
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Which of the following statements concerning binders is correct?
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They expire on the effective date of the policy to which they apply, or on the expiration date of the binder if the policy is not issued.
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According to the terms of the Mortgage condition, which of the following does not apply to the rights and duties of the mortgagee?
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The mortgagee has no insurable interest in the covered property.
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Jake has two insurance policies on his house. They are issued by different companies, but they are otherwise identical. The term for this is
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Concurrent coverage
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Which of the following statements concerning regulation of the insurance industry is correct?
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The state insurance department is responsible for controlling insurance matters within the state.
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Agent Blondell is offering a free television to every applicant who agrees to buy insurance through his agency. In most states, this is an illegal practice known as
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Rebating.
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Consuela's Homeowners policy has an 80% Coinsurance condition. Her home's value is $125,000. What is the minimum amount of coverage she must carry to avoid a coinsurance penalty for partial losses?
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$100,000
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Which of the following cannot be covered by a homeowners Watercraft Liability endorsement?
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A 30-foot boat powered by a 25 horsepower outboard engine
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