Your clients inquire if the Liability section of their Tenants Comprehensive policy would cover damage amounting to $500 to property they had rented from a specialty firm. The property consisted of furniture and supplies which fell off a truck while they were unloading it for a reception at their home. What would be your reply? OA) The Voluntary Property Damage coverage applies, but is limited to $250. OB) The damage would be covered subject to the deductible. OC) There is no coverage. OD) Coverage would depend upon whether or not they were legally liable.
Your clients inquire if the Liability section of their Tenants Comprehensive policy would cover damage amounting to $500 to property they had rented from a specialty firm. The property consisted of furniture and supplies which fell off a truck while they were unloading it for a reception at their home. What would be your reply? OA) The Voluntary Property Damage coverage applies, but is limited to $250. OB) The damage would be covered subject to the deductible. OC) There is no coverage. OD) Coverage would depend upon whether or not they were legally liable.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Your clients inquire if the Liability section of their Tenants Comprehensive policy would cover damage amounting to $500
to property they had rented from a specialty firm. The property consisted of furniture and supplies which fell off a truck
while they were unloading it for a reception at their home. What would be your reply?
OA) The Voluntary Property Damage coverage applies, but is limited to $250.
OB) The damage would be covered subject to the deductible.
OC) There is no coverage.
OD) Coverage would depend upon whether or not they were legally liable.
Transcribed Image Text:When information contained on a form filed with RIBO becomes obsolete, notice of the change correcting the information
must be filed within 30 days of the change taking place. Which one (1) of the following changes does NOT require
reporting to RIBO?
OA) A change in the broker's earnings.
OB) The broker-employee leaves a firm.
OC) A change of employment by a broker from one brokerage firm to another occurs.
OD) A new broker is employed by a broker firm.
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