Shared Flashcard Set

Details

14. Optional Liability Endorsements
Section II
9
Insurance
Undergraduate 1
11/29/2011

Additional Insurance Flashcards

 


 

Cards

Term
T or F-ENDORSEMENTS MAY BE USED TO COVER THE INTEREST OF AN ADDITIONAL INSURED
Definition
True
Term
T or F-ENDORSEMENTS MAY NOT BE USED TO COVER THE INTEREST OF AN ADDITIONAL PREMISES
Definition
False
Term
CAN AN ENDORSEMENT BE MADE TO INSURE THE LIABILITY EXPOSURE ARISING FROM AN ADDITIONAL RESIDENCE RENTED TO OTHERS?
Definition
Yes-for an additional premium, it provides personal liability and medical payments
Term
CAN AN OPTIONAL LIABILITY ENDORSEMENT UNDER A HOMEOWNERS POLICY BE USED TO COVER THE LIABILITY EXPOSURE OF AN OFFICE?
Definition
Yes, but the endorsement must specifically cover the liability exposure of office, professional, private school, or studio use
Term
T or F-THERE IS AN ENDORSEMENT THAT EXTENDS COVERAGE E AND F TO INCLUDE BUSINESS PURSUITS SUCH AS COVERAGE FOR TEACHERS TO INCLUDE OR EXCLUDE LIABILITY FOR THE CORPORAL PUNISHMENT OF STUDENTS
Definition
True
Term
MOBILE HOMES MAY BE COVERED BY THE HO-2, HO-3 OR _______ FORM WHEN THE MOBILE HOME ENDORSEMENT ____ IS ATTACHED TO THE POLICY
Definition
HO-5, MH 0401
Term
DEFINITION OF RESIDENCE PREMISES AS IT APPLIES TO MOBILE HOME ENDORSEMENTS FOR HOMEOWNERS INSURANCE
Definition
refers to the mobile home on land owned or leased by the insured.
Term
IN ORDER FOR A MOBILE HOME TO BE CONSIDERED A RESIDENCE PREMISES, IT MUST BE DESIGNED FOR YEAR-ROUND LIVING AND NOT LESS THAN ___WIDE AND ______LONG
Definition
10 Feet, 40 Feet
Term
DEFINITION OF DWELLING AS IT APPLIES TO MOBILE HOME ENDORSEMENTS FOR HOMEOWNERS INSURANCE
Definition
Coverage A that applies to mobile home and other structures shown in the Declarations.
Supporting users have an ad free experience!