Property and Casualty NH Solved Papers
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What is the maximum number of roomers or boarders for properties insured under the dwelling policy? - Correct Answers ✅5 Which statement regarding insurable risks is NOT correct? - Correct Answers ✅Insureds cannot be randomly selected.The 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? - Correct Answers ✅Computer fraud The party to a surety or fidelity bond who promises to fulfill the obligation is the - Correct Answers ✅Principal.Assuming 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? - Correct Answers ✅60 days If 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 - Correct Answers ✅Physical Damage 1 / 2
Property and Casualty NH Solved Papers
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Which of the following liability coverages must be added by endorsement to a homeowners policy in order to apply? - Correct Answers ✅Personal Injury An 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 Answers ✅Per occurrence Several insureds have become liable because of a single loss.How will the policy's limit of liability be affected? - Correct Answers ✅No more than the per occurrence limit applies, no matter how many insureds are involved.Which of the following policies does NOT contain an automatic reinstatement provision? - Correct Answers ✅General liability written with an aggregate limit Which of the following is NOT a P&I exclusion? - Correct Answers ✅Excess coverage A premium discount is the term that describes when an insured owes a total standard premium greater than - Correct Answers ✅$5,000.