Insurance- Property section 3D

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  1. Which of the following is eligible to receive BOP payments for medical expenses in the event of injury at the insured's premises?
    A: An employee injured while playing basketball for a company-sponsored team
    B: The named insured
    C: A contractor who was hired to perform work for the insured
    D: A customer who attended a promotional dinner party
    D: A customer who attended a promotional dinner party
  2. The standard deductible on a BOP is:
    A: $100
    B:$250
    C: $1,000
    D: $500
    D: $500
  3. Which of the following small businesses would be eligible for a BOP?
    A: A bank
    B: A manufacturer
    C: A retail store
    D: An auto dealer
    C: A retail store
  4. Liability coverage on a BOP is most similar to that found on:
    A: CGL
    B: Homeowners
    C: Business auto
    D: Garage liability
    A: CGL
  5. Business personal property coverage under the BOP includes property of the insured located within _____ feet of the building described in the declarations.
    A: 50
    B: 500
    C: 25
    D: 100
    D: 100
  6. An unendorsed BOP does not cover:
    A: Employee dishonesty
    B: Business liability
    C: Loss of business income
    D: Theft
    A: Employee dishonesty
  7. Under the liability section of a BOP, fire legal liability is subject to:
    A: A per fire limit
    B: An occurrence limit
    C: The general aggregate limit
    D: The products and completed operations aggregate
    A: A per fire limit
  8. All of the following are true regarding medical coverage on a BOP EXCEPT:
    A: It covers injury to the named insured and employees
    B: Claims must be turned in within 1 year of the accident
    C: It is included in the BOP contract
    D: It is payable regardless of fault or negligence
    A: It covers injury to the named insured and employees
  9. On a BOP, there is no coverage for:
    A: Premises liability
    B: Personal injury liability
    C: Products liability
    D: Auto liability
    D: Auto liability
  10. All are true about an unendorsed BOP EXCEPT:
    A: Signs attached to the building are covered
    B: There is an 80% coinsurance requirement
    C: It is named perils
    D: Buildings are covered on a replacement cost basis
    C: It is named perils
  11. BOPs are designed for small to medium-sized businesses. Which of the following would be eligible for a BOP?
    A: A 600 unit apartment building
    B: A public school
    C: A state university
    D: A small retail store
    D: A small retail store
  12. On the BOP, there is no coverage for theft or vandalism if the building has been vacant for more than _____ days.
    A: 120
    B: 60
    C: 90
    D: 30
    B: 60
  13. Which of the following businesses is not eligible for a BOP?
    A: Deli
    B: Auto dealer
    C: Mercantile
    D: Drug store
    B: Auto dealer
  14. Under a BOP, coverage is extended for business personal property while away from the premises in the amount of:
    A: $10,000
    B: $5,000
    C $2,500
    D: $1,000
    A: $10,000
  15. On a BOP, hired and non-owned auto coverage applies when:
    A: An employee damages property of others while operating a non-owned car
    B: An employee is injured driving a company car
    C: The insured is driving their own car on personal business
    D: An employee damages a company car
    A: An employee damages property of others while operating a non-owned car
  16. The liability section of a BOP covers:
    A: Personal liability
    B: Auto liability
    C: Contractual liability
    D: Aviation liability
    C: Contractual liability
  17. All are true about a BOP EXCEPT:
    A: Advance notice must be sent on cancellation or non-renewal
    B: Vandalism is not covered after 60 days vacancy
    C: Liability coverage is excess over any other insurance that applies
    D: 100% coinsurance is required
    D: 100% coinsurance is required
  18. The liability section of a BOP includes all of the following EXCEPT:
    A: Products liability
    B: Pollution liability
    C: Fire legal liability
    D: Contractual liability
    B: Pollution liability
  19. On a BOP, coverage for business personal property is written on what basis?
    A: ACV
    B: Valued
    C: Stated amount
    D: Replacement cost
    D: Replacement cost

Card Set Information

Author:
h_scott
ID:
292132
Filename:
Insurance- Property section 3D
Updated:
2014-12-28 01:48:42
Tags:
Insurance
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Description:
Property insurance section 3D
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