The named insured
A residence employee
A person who is on the insured location without permission
Any regular resident of the insured's household who pays rent
Valued or agreed amount policies
Market value policies
An assumption of risk
An intervening cause
The proximate cause of loss
A matter of strict liability
Premiums by combined losses and expenses
Premiums by underwriting losses
Operating expenses by total premiums
Underwriting losses by total premiums
Only the United States
The United States, its territories and possessions, and Canada
The United States, Canada, and Mexico
All of North America and Europe
Given by the agent's contract with the insurer.
Granted to an agent by state law.
The agent tells an insurance applicant that he or she has.
That members of the public can reasonably assume that the agent has.
On the policy's retroactive date
Before the policy's retroactive date
After the policy's retroactive date
Before the effective date, if there is no retroactive date
It is the most the insurer will pay for any one accident.
It is the most the insurer will pay for all losses during any one policy period.
It is the maximum limit for each claim when multiple claimants are arising out of the same occurrence.
It is the single largest limit that applies when a loss is covered by two or more policies issued by the same insurer.
Give the federal government a major role in providing insurance
Make property insurance available to risks that were otherwise considered uninsurable because of environmental hazards
Require complete disclosure of the reasons for policy cancellations
Force all insurance companies to participate in an insurance pool
A maximum payment of $300
A maximum payment of $460
A maximum payment of $600
A maximum payment of $740
All classes of newly acquired autos are automatically covered.
An insured can select different classifications for various coverages.
"Any auto" is the broadest coverage classification.
"Hired autos" include autos the insured leases, hires, rents, or borrows.
Until the end of the policy period
The special form (HO-3) only
The broad and special forms (HO-2 and HO-3) only
The comprehensive form (HO-5) only
All homeowners forms
Excess and surplus lines agent
Injury or damage caused by the operation of mobile equipment
Damage to property rented to the named insured
An injury that is also covered by a workers compensation law
Liability resulting from the accidental escape of pollutants
A tort is a criminal act committed with the intent to cause injury.
A tort is a civil wrong that violates the rights of another.
A tort is any act that has the potential to cause financial loss to another person.
A tort is an act that can be prosecuted by the state or federal government even if no injury or damage occurred.
Mail coverage form
Annual transit policy
Trip transit policy
Motor truck cargo shipper's form
If there are more than five claims during a policy period.
On the next policy anniversary date.
If the insured pays an extra premium for reinstatement.
As soon as the aggregate is actually exhausted.
Binders are only valid when issued in writing.
A binder issued by an agent is valid only if the agent has express authority to issue the binder.
Some insurers issue binders directly to let insureds know coverage is in effect until a policy is actually issued.
A binder is a temporary contract of insurance.
$50,000 per accident
$100,000 per accident
$250,000 per accident
$500,000 per accident
At a garage by an experienced mechanic.
At the place of disablement.
Within 24 hours of the disablement.
Within 48 hours of the disablement.
All dwelling forms
The basic form only
The basic and broad forms
The special form only
The coverages provided by the policy
The policy's exclusions
The "trigger," or the way in which coverage is activated under the policy
The policy's conditions
$500 a day
$300 a day
$250 a day
$100 a day
Physical damage coverage
Uninsured motorists coverage
Injury for such things as libel, slander, false arrest, or invasion of privacy
Only bodily injuries that are suffered by individuals
Any form of injury that affects a person, including bodily injury, property damage, financial injury, and damage to one's reputation
Injuries suffered by named insureds or family members who are insured under personal lines policies
$250 for the cost of the bail bonds
$200 for the cost of the bail bonds
$150 for the cost of the bail bonds
$100 for the cost of the bail bonds
10% of the Coverage C limit
25% of the Coverage C limit
40% of the Coverage C limit
50% of the Coverage C limit
Garage physical damage
Garage errors and omissions
DIC policies provide property and liability coverages.
Traditional perils (such as fire, lightning, and so on) are usually excluded by DIC policies.
DIC supplements other coverages and fills insurance gaps.
DIC can provide considerable protection at a reasonable cost.
$500 per person
$1,000 per person
$2,500 per person
$5,000 per person
A few states have monopolistic state funds, and employers are required to purchase coverage from the fund.
Most states allow an employer to self-insure for the required benefits.
If an employer has coverage in one state, any operations started in other states will be automatically covered.
Workers compensation benefits are only available for work-related injuries that arise out of and in the course of employment.
Direct writer system
Exclusive of captive agency system
Direct response system
Independent agency system
Impact between a covered auto and a deer
Impact between a covered auto and a stationary object
Impact between a covered auto and another vehicle
Upset of a covered auto, resulting in damage
An insured causes injuries while operating a taxi cab.
An auto mechanic has an accident while road testing a customer's vehicle.
An insured damages another vehicle while driving a motorcycle.
Bodily injuries and property damage occur when an insured is involved in an accident while driving co-workers to their job as part of a share-the-expense car pool.
The basic form does not include personal property coverage.
Personal property of a guest may be covered.
Special sublimits apply to some types of personal property.
The full limit applies to personal property anywhere in the world.
The value reporting form.
A replacement cost basis.
The business income form.
A blanket basis.
A general liability policy.
An umbrella policy.
An errors and omissions policy.
A difference in conditions policy.