1. Which liability policy is BEST suited to protect someone who manages private pensions and employee plans? a. Eros and omissions b. Malpractice c. Fiduciary liability d. Directors and officers
1. Which liability policy is BEST suited to protect someone who manages private pensions and employee plans?
a. Eros and omissions
b. Malpractice
c. Fiduciary liability
d. Directors and officers
2. Under personal automobile expenses, the insurer pays personal expenses for
a. Medical or funeral services
b.Rental car reimbursement
c. Pain and suffering
d. Long- term disability care
3. Which of the following is NOT part of the common policy conditions under a businessowners policy (BOP)?
a. Vandalism
b. Cancellation
c. Policy Period
d. Premium payment
4. Which of the following is an example of an unfair claim settlement practice?
a. Delaying the settlement of claims submitted in which liability has become clear.
b. Replacing a police when it is in the best interest of the insured
c. Adopting and implementing standards to settle claims in a timely manner
d. Disclosing the settlement terms and provisions of the contract of insurance
5. The purpose of the New York State Disability Benefits Law is to provide:
a. Short-term disability benefits
b. Short-term disability and medical benefits
c. Long-term disability benefits
d. Long-term disability and medical benefits
6. A homeowners policy covers which of the following losses?
a. Theft in a dwelling under construction
b. Vandalism within 30 days of vacancy
c. Loss caused by birds and cosmetic animals
d. Damage by flood
7. Due to a furnace malfunction, sparks ignited nearby cleaning rags, which resulted in a grocery store being burned to the ground. What is the peril?
a. Fire
b. Sparks
c. Cleaning rags
d. Furnace
8. How many hours after the theft of the insured’s car MUST an insured wait before Transportation Expense Coverage begins?
a. 12 hours
b. 24 hours
c. 36 hours
d. 48 hours
9. The Maximum amount a homeowners policy will pay in the even of a covered loss under SEction II- Personal liability is the
a. Deductible
b. Limits of liability
c. Medical payments
d. Coinsurance
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