問題1
Why would an insured need an advertising injury liability extension in addition to the coverage provided by the standard commercial general liability policy?
Why would an insured need an advertising injury liability extension in addition to the coverage provided by the standard commercial general liability policy?
正確答案: C
說明：（僅 NewDumps 成員可見）
問題2
Briefly discuss the liability exposures that arise from the ownership of animals.
Briefly discuss the liability exposures that arise from the ownership of animals.
正確答案:
See the solution in Explanation below:
Explanation:
Animal ownership creates liability exposure because the owner may be held legally responsible if the animal injures another person or damages another person's property. The most common exposure is bodily injury, such as a dog bite, a scratch, a person being knocked down, or an injury caused when someone tries to avoid the animal. There may also be property damage exposure, for example if an animal damages a neighbour's fence, garden, livestock, vehicle, or personal property. The level of risk depends on the type, breed, size, temperament, training, and past behaviour of the animal. If the owner knew, or should have known, that the animal had aggressive or dangerous tendencies, the liability exposure becomes more serious. Owners are expected to take reasonable precautions, such as restraining the animal, using leashes, maintaining fences, posting warnings where appropriate, and complying with municipal bylaws. From an insurance perspective, personal liability coverage may respond to accidental injury or damage caused by pets, but insurers may restrict or exclude certain animals, breeds, commercial animal activities, or known dangerous animals.
Explanation:
Animal ownership creates liability exposure because the owner may be held legally responsible if the animal injures another person or damages another person's property. The most common exposure is bodily injury, such as a dog bite, a scratch, a person being knocked down, or an injury caused when someone tries to avoid the animal. There may also be property damage exposure, for example if an animal damages a neighbour's fence, garden, livestock, vehicle, or personal property. The level of risk depends on the type, breed, size, temperament, training, and past behaviour of the animal. If the owner knew, or should have known, that the animal had aggressive or dangerous tendencies, the liability exposure becomes more serious. Owners are expected to take reasonable precautions, such as restraining the animal, using leashes, maintaining fences, posting warnings where appropriate, and complying with municipal bylaws. From an insurance perspective, personal liability coverage may respond to accidental injury or damage caused by pets, but insurers may restrict or exclude certain animals, breeds, commercial animal activities, or known dangerous animals.
問題3
Katherine is employed as an adjuster and has been assigned a large liability claim. The insured had two recent claims and Katherine suspects this claim might be staged. She sends the insured a non-waiver agreement allowing her to investigate the loss without accepting liability. If the insured refuses to sign the agreement, what would Katherine send next?
Katherine is employed as an adjuster and has been assigned a large liability claim. The insured had two recent claims and Katherine suspects this claim might be staged. She sends the insured a non-waiver agreement allowing her to investigate the loss without accepting liability. If the insured refuses to sign the agreement, what would Katherine send next?
正確答案: A
說明：（僅 NewDumps 成員可見）
問題4
The insured has a property policy on his cottage with a $120,000 limit of insurance. What is the amount of coverage available for loss or damage to his $12,000 cottage boathouse under a typical policy?
The insured has a property policy on his cottage with a $120,000 limit of insurance. What is the amount of coverage available for loss or damage to his $12,000 cottage boathouse under a typical policy?
正確答案: B
說明：（僅 NewDumps 成員可見）
問題5
W & A Insurers Inc. has a capacity of $30 million for any single property risk. It also has a reinsurance agreement with Tri-insurance Inc. for an additional $40 million. A broker approaches W & A Insurers Inc.
with a request to write a low-hazard $37 million liability risk. What is the insurer's retention if it accepts and reinsures the risk?
W & A Insurers Inc. has a capacity of $30 million for any single property risk. It also has a reinsurance agreement with Tri-insurance Inc. for an additional $40 million. A broker approaches W & A Insurers Inc.
with a request to write a low-hazard $37 million liability risk. What is the insurer's retention if it accepts and reinsures the risk?
正確答案: D
說明：（僅 NewDumps 成員可見）
問題6
Insurance is based on the existence of which factor?
Insurance is based on the existence of which factor?
正確答案: B
說明：（僅 NewDumps 成員可見）
問題7
What should the intermediary do if the person reporting the claim is not named on the insurance policy?
What should the intermediary do if the person reporting the claim is not named on the insurance policy?
正確答案: A
說明：（僅 NewDumps 成員可見）
問題8
What is the role of insurance intermediaries under the law of agency?
What is the role of insurance intermediaries under the law of agency?
正確答案: C
說明：（僅 NewDumps 成員可見）