Cal is renting an apartment. Which homeowners policy is specially designed to insure renters? A) HO-2 B) HO-3 C) HO-4 D) HO-6 ANSWER Answer: C
Date: September 19th, 2020
Which of the following statements about the appraisal clause in the Homeowners 3 policy is (are) true? I. It is used to determine a value for personal property when the policy is issued. II. It is used to help settle disputes over the amount of a loss after a loss has occurred. A) I only […]
Date: September 19th, 2020
The financial manager most directly responsible for producing the company’s financial statements and directing its cost accounting functions is the A) treasurer. B) chief financial officer. C) controller. D) vice president-financier. ANSWER C
Date: September 19th, 2020
Under the Homeowners 3 policy, all of the following are options of the insurer for settling claims EXCEPT A) paying the claim in cash. B) replacing the property. C) repairing the property. D) paying the claim with insurance company stock. ANSWER Answer: D
Date: September 19th, 2020
Cash management is typically the responsibility of the: A) chief executive officer. B) vice president of production and operations. C) financial manager. D) company internal auditor. ANSWER C
Date: September 19th, 2020
The investment banking business is dominated by a few very large, stand-alone investment banking firms. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
All of the following statements about the cancellation of a Homeowners 3 policy are true EXCEPT A) The insurer may cancel a new policy for any reason if it has been in force for less than 60 days and is not a renewal policy. B) At least 100 days’ notice of cancellation must be given […]
Date: September 19th, 2020
Which of the following is (are) included among the duties of an insured following a loss covered under the Homeowners 3 policy? I. To file a proof of loss within a specified time period after the insurer’s request II. To prepare an inventory of damaged personal property A) I only B) II only C) both […]
Date: September 19th, 2020
Which of the following is a general exclusion under Section I of the Homeowners 3 policy? A) Water damage caused by accidental discharge from a household appliance. B) Losses due to the failure of the insured to use all reasonable means to save and preserve property after the time of a loss. C) Losses resulting […]
Date: September 19th, 2020
Because they occur in private, stricter regulations are placed on the private placement of securities. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
