Stone Insurance Education - Oklahoma
Property & Casualty
Who is the Oklahoma Insurance Commissioner?
Mr Glen Mulready
Faking a signature for another man or woman is
Forgery
If the insurer requested proof of loss shape on an equipment breakdown coverage declare,
the named insured should publish it within what number of days
60 days
on an unindorsed storage insurance shape which coverage is automatically protected
Liability
All of the subsequent are robotically protected in a enterprise proprietor's policy except? 1
debts receivable insurance to peak season coverage 3 loss of business income four cash
and securities
Money and securities
Which of the following isn't an insured below a business trendy liability policy?? 1 accomplice
of the business 2 employee of the enterprise 3 independent contractor of the commercial
enterprise 4 prison representative inside the event of the dying of the named insured
Independent contractor of the commercial enterprise
Which of the following service agencies isn't always eligible for the enterprise proprietor's
coverage?? 1 funeral houses, 2 automobile mechanics, 3 barbershops, 4 photographers
Auto mechanics
Which of the following is eligible for the commercial enterprise owner's policy? Auto provider
station, store, entertainment park, bar
Retailer
Under the commercial enterprise owner's coverage, what greenback quantity of insurance is
furnished for business private assets of others
$2500
,Under the CPP constructing and private assets insurance form cproperty coverage shape,
all of the following are blanketed as building property, except?? Installed equipment,
concrete outside fixtures, tile ground in the break room, raw fabric
Raw materials
Zinc owns a commercial enterprise this is insured underneath ACP P building and personal
property insurance form with a $500 deductible. Zinc's business is burglarized and $ten
thousand inventory and Earth's inventory and $3000 in coins are stolen. How a good deal
will the insurer pay?
$9500
How many days of vacancy cause a alternate of coverage on a enterprise owner's coverage
60 days
A commercial enterprise insured beneath a industrial preferred liability coverage has a
general aggregate restrict of $2,000,000 and an oncurrence limit of $a million. What restrict
will stay available to the insured with the insured party is provided $500000
General mixture of $1,500,000 and a cutting-edge limit of $a million
If a commercial package coverage only has one line of insurance, what
Monoline
Which of the subsequent records is not blanketed on a commercial package policy
commonplace assertion web page? Policy variety, description of enterprise, coverage
territory, policy top class
Coverage territory
Under the CPP constructing and private assets coverage shape, which of the following
objects would no longer be included within the constructing insurance? Fire extinguishing
system, equipment used in the insured commercial enterprise operations, out of doors
fixtures completely attached, permanently installed fixtures and system
Machinery used in the insured enterprise operations
In a business auto policy a image 1 method
Any auto
Other than collision insurance below the business car policy could exclude which of the
following?? The keys are left inside the insured automobile in a stolen, the insured vehicle is
,spray painted by using juvenile delinquents, the insured auto is flooded, insured vehicle is
overturned
Is insured car is overturned
If the insurer non renews a commercial wellknown legal responsibility policy, what particular
period of superior note is required to take delivery of the named insured
forty five days
Under the CPP industrial assets insurance element business income coverage form, the
term enterprise income consists of all of the following, except? Profits which could have
been earned, key man or woman's salary's, required lease charge on undamaged office
gadget, profits inside the shape of coins destroyed by means of a included peril
Profits in the form of cash destroyed by way of a covered peril
In an device breakdown coverage the term breakdown would include all the following
besides?? Mechanical failure, electrical failure, boiler explosion, corrosion failure
corrosion failure
All of the following may be insured on a commercial inland marine policy except? Front
loader, backhoe, bulldozer, cement truck
Cement truck
What kind of coverage does an attorney need for defective judgment
Professional
Under the CPP constructing and private assets insurance form, the following sorts of
property aren't protected except? Petty coins in the amount of $one hundred twenty five,
German shepherd watchdog, the insured's choose up truck, uncooked materials stored
within 100 ft of the constructing
Raw materials saved inside a hundred' of the building
All of the following are common commercial inland marine policy exclusions except?
Dishonesty of the insured, wear and tear, vandalism, Inherent Vice
Vandalism
Is the term time element coverage in belongings and casualty coverage is used to explain
enterprise earnings an additional price insurance because
The quantity of the loss relies upon on the time the insured business is not able to function
, Ed has a commercial enterprise automobile coverage with coverage limits of 250/500/a
hundred. What is the most amount the policy might pay to a unmarried third party for
physical damage in an auto coincidence
$250,000
What is an Inherent Vice
Is a defect for assets to self destruct
What sort of business assets insurance is written with a unmarried restriction of coverage for
all unscheduled property coverages relevant at three extraordinary places
Blanket insurance
Under the economic belongings business profits coverage shape, all of the following might
be included besides? Loss of enterprise income, non persevering with running costs,
continuing operating expenses, greater fees
non continuing operating fees
an extra legal responsibility insurance policy that is designed to supplement different
insurance coverages is referred to as a
Umbrella coverage
All of the following are surety bonds, besides? Performance bond, pudiciary bond, role time
table bond, judicial bond
Position schedule bond
When a chippie hangs a door at a customer's house and the door falls off its hinges 2 weeks
later injuring the property owner, what kind of publicity is this
Completed operations
Which of the following isn't always actual concerning bid bonds? A bid bond guarantees the
contractor can offer a overall performance bond, a massive bond ensures the contractor will
be given the bid, a bid bond is a surety bond, a huge bond is needed through the
predominant
Is a bid bond is required by way of the fundamental
Which of the subsequent statements regarding an system breakdown coverage is fake?
Older equipment could be recommended from replacement fee to actual coins cost,
expediting fee could pay for additonal charges important to make transient maintenance, the
standard approach evaluation on insured belongings is agreed cost, obsolete device might
be excluded
Property & Casualty
Who is the Oklahoma Insurance Commissioner?
Mr Glen Mulready
Faking a signature for another man or woman is
Forgery
If the insurer requested proof of loss shape on an equipment breakdown coverage declare,
the named insured should publish it within what number of days
60 days
on an unindorsed storage insurance shape which coverage is automatically protected
Liability
All of the subsequent are robotically protected in a enterprise proprietor's policy except? 1
debts receivable insurance to peak season coverage 3 loss of business income four cash
and securities
Money and securities
Which of the following isn't an insured below a business trendy liability policy?? 1 accomplice
of the business 2 employee of the enterprise 3 independent contractor of the commercial
enterprise 4 prison representative inside the event of the dying of the named insured
Independent contractor of the commercial enterprise
Which of the following service agencies isn't always eligible for the enterprise proprietor's
coverage?? 1 funeral houses, 2 automobile mechanics, 3 barbershops, 4 photographers
Auto mechanics
Which of the following is eligible for the commercial enterprise owner's policy? Auto provider
station, store, entertainment park, bar
Retailer
Under the commercial enterprise owner's coverage, what greenback quantity of insurance is
furnished for business private assets of others
$2500
,Under the CPP constructing and private assets insurance form cproperty coverage shape,
all of the following are blanketed as building property, except?? Installed equipment,
concrete outside fixtures, tile ground in the break room, raw fabric
Raw materials
Zinc owns a commercial enterprise this is insured underneath ACP P building and personal
property insurance form with a $500 deductible. Zinc's business is burglarized and $ten
thousand inventory and Earth's inventory and $3000 in coins are stolen. How a good deal
will the insurer pay?
$9500
How many days of vacancy cause a alternate of coverage on a enterprise owner's coverage
60 days
A commercial enterprise insured beneath a industrial preferred liability coverage has a
general aggregate restrict of $2,000,000 and an oncurrence limit of $a million. What restrict
will stay available to the insured with the insured party is provided $500000
General mixture of $1,500,000 and a cutting-edge limit of $a million
If a commercial package coverage only has one line of insurance, what
Monoline
Which of the subsequent records is not blanketed on a commercial package policy
commonplace assertion web page? Policy variety, description of enterprise, coverage
territory, policy top class
Coverage territory
Under the CPP constructing and private assets coverage shape, which of the following
objects would no longer be included within the constructing insurance? Fire extinguishing
system, equipment used in the insured commercial enterprise operations, out of doors
fixtures completely attached, permanently installed fixtures and system
Machinery used in the insured enterprise operations
In a business auto policy a image 1 method
Any auto
Other than collision insurance below the business car policy could exclude which of the
following?? The keys are left inside the insured automobile in a stolen, the insured vehicle is
,spray painted by using juvenile delinquents, the insured auto is flooded, insured vehicle is
overturned
Is insured car is overturned
If the insurer non renews a commercial wellknown legal responsibility policy, what particular
period of superior note is required to take delivery of the named insured
forty five days
Under the CPP industrial assets insurance element business income coverage form, the
term enterprise income consists of all of the following, except? Profits which could have
been earned, key man or woman's salary's, required lease charge on undamaged office
gadget, profits inside the shape of coins destroyed by means of a included peril
Profits in the form of cash destroyed by way of a covered peril
In an device breakdown coverage the term breakdown would include all the following
besides?? Mechanical failure, electrical failure, boiler explosion, corrosion failure
corrosion failure
All of the following may be insured on a commercial inland marine policy except? Front
loader, backhoe, bulldozer, cement truck
Cement truck
What kind of coverage does an attorney need for defective judgment
Professional
Under the CPP constructing and private assets insurance form, the following sorts of
property aren't protected except? Petty coins in the amount of $one hundred twenty five,
German shepherd watchdog, the insured's choose up truck, uncooked materials stored
within 100 ft of the constructing
Raw materials saved inside a hundred' of the building
All of the following are common commercial inland marine policy exclusions except?
Dishonesty of the insured, wear and tear, vandalism, Inherent Vice
Vandalism
Is the term time element coverage in belongings and casualty coverage is used to explain
enterprise earnings an additional price insurance because
The quantity of the loss relies upon on the time the insured business is not able to function
, Ed has a commercial enterprise automobile coverage with coverage limits of 250/500/a
hundred. What is the most amount the policy might pay to a unmarried third party for
physical damage in an auto coincidence
$250,000
What is an Inherent Vice
Is a defect for assets to self destruct
What sort of business assets insurance is written with a unmarried restriction of coverage for
all unscheduled property coverages relevant at three extraordinary places
Blanket insurance
Under the economic belongings business profits coverage shape, all of the following might
be included besides? Loss of enterprise income, non persevering with running costs,
continuing operating expenses, greater fees
non continuing operating fees
an extra legal responsibility insurance policy that is designed to supplement different
insurance coverages is referred to as a
Umbrella coverage
All of the following are surety bonds, besides? Performance bond, pudiciary bond, role time
table bond, judicial bond
Position schedule bond
When a chippie hangs a door at a customer's house and the door falls off its hinges 2 weeks
later injuring the property owner, what kind of publicity is this
Completed operations
Which of the following isn't always actual concerning bid bonds? A bid bond guarantees the
contractor can offer a overall performance bond, a massive bond ensures the contractor will
be given the bid, a bid bond is a surety bond, a huge bond is needed through the
predominant
Is a bid bond is required by way of the fundamental
Which of the subsequent statements regarding an system breakdown coverage is fake?
Older equipment could be recommended from replacement fee to actual coins cost,
expediting fee could pay for additonal charges important to make transient maintenance, the
standard approach evaluation on insured belongings is agreed cost, obsolete device might
be excluded
