Criticisms of compulsory insurance laws include which of the…
Criticisms of compulsory insurance laws include which of the following? I. They provide less than complete protection since they require only a minimum amount of liability insurance. II. Even with compulsory insurance laws, a substantial number of motorists continue to operate vehicles without insurance.
Read DetailsWhich of the following statements regarding watercraft liabi…
Which of the following statements regarding watercraft liability under Section II of an unendorsed HO-3 policy is (are) true? I. No coverage is available for watercraft liability. II. Liability arising out of the use of watercraft that are under certain length and horsepower limits is covered.
Read DetailsWhich of the following persons is (are) eligible for benefit…
Which of the following persons is (are) eligible for benefits under medical payments to others (Coverage F) of the homeowners policy? I. A friend who slips and falls on a wet patio while visiting the named insured II. A neighborhood child who is severely scratched by a cat in the care of the named insured
Read DetailsWhich of the following is (are) included among the duties of…
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
Read DetailsWhich of the following statements about eligibility requirem…
Which of the following statements about eligibility requirements for homeowners insurance is (are) true? I. A contract can be written on a twenty-unit apartment complex as long as the tenants are families. II. Separate forms are available for renters and condominium owners.
Read DetailsWhich of the following statements about monetary damages awa…
Which of the following statements about monetary damages awarded by a court is (are) true? I. The purpose of special damages is to provide benefits for medical expenses or loss of earnings. II. The purpose of punitive damages is to punish the tortfeasor so that others are deterred from committing the same wrongful act.
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