Finance

Which of the following is a characteristic of most inland marine float

Which of the following is a characteristic of most inland marine floater policies? A) The insurance can be tailored to the specific type of personal property insured. B) Coverage amounts are pre-specified by the insurer and cannot be changed. C) Coverage is normally written on a named-perils basis. D) Covered property is insured only when […]

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Date: September 19th, 2020

Which of the following statements concerning the scheduled personal pr

Which of the following statements concerning the scheduled personal property endorsement with agreed value loss settlement is (are) true? I. The endorsement provides open-perils (“all-risks”) coverage on the scheduled property. II. Losses under the endorsement are settled on an actual cash value basis. A) I only B) II only C) both I and II D) […]

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Date: September 19th, 2020

Which of the following statements is generally NOT true? A) A firm sh

Which of the following statements is generally NOT true? A) A firm should attempt to match the nature of a project with the duration of the financing it needs. B) Short-term debt usually carries lower interest rates than long-term debt with comparable default risk. C) Issuing variable rate debt increases financial uncertainty relative to issuing […]

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Date: September 19th, 2020

Which of the following statements about Dwelling Property 3 (special f

Which of the following statements about Dwelling Property 3 (special form) is (are) true? I. Personal property is covered only for those perils specifically named in the policy. II. The dwelling and other structures are covered on an “open perils” (all risks) basis. A) I only B) II only C) both I and II D) […]

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Date: September 19th, 2020

Which of the following statements regarding Section II coverage under

Which of the following statements regarding Section II coverage under the Homeowners 3 policy is true? A) Medical payments to others are covered regardless of whether the insured is legally liable. B) Legal defense costs incurred by the insurer to defend the insured reduce the per-occurrence limit of liability available. C) The insurer is not […]

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Date: September 19th, 2020

Polly purchased a Homeowners 3 policy. She has a swing set in the back

Polly purchased a Homeowners 3 policy. She has a swing set in the backyard of her home. While her son and the neighbor’s child were using the swing set, it collapsed. Both of the children required medical care. Which of the following statements is true? A) The medical expenses Polly’s son are covered under the […]

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Date: September 19th, 2020