PROPERTY AND CASUALTY NH
CORRECT 100%
5 - ANSWERWhat is the maximum number of roomers or boarders for properties
insured under the dwelling policy?
Insureds cannot be randomly selected. - ANSWERWhich statement regarding
insurable risks is NOT correct?
No more than the per occurrence limit applies, no matter how many insureds are
involved. - ANSWERSeveral insureds have become liable because of a single loss.
How will the policy's limit of liability be affected?
General liability written with an aggregate limit - ANSWERWhich of the following
policies does NOT contain an automatic reinstatement provision?
Excess coverage - ANSWERWhich of the following is NOT a P&I exclusion?
$5,000. - ANSWERA premium discount is the term that describes when an insured
owes a total standard premium greater than
Computer fraud - ANSWERThe transfer of money from inside a banking premises to
a person other than a messenger outside those premises or to a place outside those
premises is covered under which commercial crime coverage?
Principal. - ANSWERThe party to a surety or fidelity bond who promises to fulfill the
obligation is the
60 days - ANSWERAssuming the insurer and the insured agree to the amount
payable for a loss covered under a dwelling policy, how soon after the insurer has
received proof of loss must it make payment?
Physical Damage - ANSWERIf a person is using an auto with the belief that he is
entitled to do so, subrogation rights under a personal auto policy would apply to all
coverages EXCEPT
Personal Injury - ANSWERWhich of the following liability coverages must be added
by endorsement to a homeowners policy in order to apply?
Per occurrence - ANSWERAn insured has a liability policy that sets the amount for
all claims that arise from a single incident at $50,000. Which type of limit of liability
does this insured's policy have?
CORRECT 100%
5 - ANSWERWhat is the maximum number of roomers or boarders for properties
insured under the dwelling policy?
Insureds cannot be randomly selected. - ANSWERWhich statement regarding
insurable risks is NOT correct?
No more than the per occurrence limit applies, no matter how many insureds are
involved. - ANSWERSeveral insureds have become liable because of a single loss.
How will the policy's limit of liability be affected?
General liability written with an aggregate limit - ANSWERWhich of the following
policies does NOT contain an automatic reinstatement provision?
Excess coverage - ANSWERWhich of the following is NOT a P&I exclusion?
$5,000. - ANSWERA premium discount is the term that describes when an insured
owes a total standard premium greater than
Computer fraud - ANSWERThe transfer of money from inside a banking premises to
a person other than a messenger outside those premises or to a place outside those
premises is covered under which commercial crime coverage?
Principal. - ANSWERThe party to a surety or fidelity bond who promises to fulfill the
obligation is the
60 days - ANSWERAssuming the insurer and the insured agree to the amount
payable for a loss covered under a dwelling policy, how soon after the insurer has
received proof of loss must it make payment?
Physical Damage - ANSWERIf a person is using an auto with the belief that he is
entitled to do so, subrogation rights under a personal auto policy would apply to all
coverages EXCEPT
Personal Injury - ANSWERWhich of the following liability coverages must be added
by endorsement to a homeowners policy in order to apply?
Per occurrence - ANSWERAn insured has a liability policy that sets the amount for
all claims that arise from a single incident at $50,000. Which type of limit of liability
does this insured's policy have?
