Please answer the following insurance information below:

1A: Where in a liability insurance policy are you most likely to find the insurer's agreement to pay post-judgment interest on behalf of an insured?

a. As one of the form's supplementary payments provisions

b. On the declarations page

c. In a coverage extension

d. In an exclusion

1B: Leslie was distracted by her cell phone when she stepped in front of a moving car. To avoid striking Leslie, the car's driver swerved and hit another vehicle. The owners of both damaged vehicles sued Leslie, whose inattentive walking allegedly caused the accident. Leslie, who does not own a car, lives with her parents, who are the named insureds in a personal auto policy (PAP). According to a definition she finds in the medical payments coverage part of their policy, "'Insured' as used in this Part means You or any 'family member' as a pedestrian when struck by a motor vehicle." Based on this definition, Leslie can correctly conclude that

a. because she is an insured, the liability coverage of her parents' PAP will cover the drivers' liability claims against her parents.

b. because she is not an insured, the medical payments coverage of her parents' PAP will not cover the drivers' liability claims against Leslie.

c. Leslie does not qualify as an insured under her parents' PAP.

d. Leslie might be entitled to medical payments coverage if the driver had not swerved to avoid striking her.

1C: Which one of the following exclusions has keeping premiums reasonable as its primary purpose?

a. A commercial general liability policy's exclusion for injury to the insured's employees

b. A commercial property policy's earthquake exclusion

c. A personal auto policy's exclusion for road damage to tires

d. Workers compensation exclusions

1D: A property or liability insurance policy can be expected to have

a. an insuring agreement that is titled "conditions."

b. at least six insuring agreements.

c. more than two insuring agreements.

d. one or more insuring agreements.

1E: Rather than use Insurance Services Office, Inc. (ISO), forms, Colossal Casualty Insurance Company has developed its own personal auto insurance policy form. Colossal's personal auto policy is referred to as a nonstandard policy because

a. it contains the same coverage as the ISO form.

b. it is not a complete policy.

c. it is used by only one insurer.

d. it provides all risks coverage.

1F: In response to a call from one of the agency's customers who wants to add theft coverage to its existing contractors equipment floater, Cindy will probably tell the customer

a. coverage cannot be changed during the policy term.

b. the policy can be endorsed now to add that coverage.

c. the policy can only be endorsed mid term if the insurer wants to limit coverage.

d. there is no such coverage.

1G: What option does an agent have if no standard endorsement is available for making a desired modification to a customer's policy?

a. Draft a manuscript endorsement and add it to the policy

b. Have the customer sign a disclaimer for errors and omissions purposes

c. Recommend another agent who is able to write the necessary coverage

d. Tell the customer he or she can't buy the coverage from any insurer

1H: Which one of the following documents in a commercial package policy would not,/i> be referred to as a "coverage part"?

a. Inland marine

b. Commercial general liability

c. Commercial property

d. Commercial property conditions

1I: In a flood insurance policy's insuring agreement, the insurer agrees to "insure against direct physical loss by or from flood." A definition in the same policy explains that "flood," as used in this policy, means inundation caused by "mudflow," and "mudflow" is defined as a river of liquid and flowing mud. Why might it be said that these definitions function as insuring agreements?

a. The effect of these definitions is to affirmatively provide coverage for mudflows.

b. The insuring agreement does not use the word "mudflow."

c. These definitions are incorporated by endorsement.

d. These definitions differ from those in a standard dictionary.

1J: An insuring agreement in a contractors equipment policy reads as follows: "We cover risks of direct physical loss unless the loss is limited or caused by a peril that is excluded." What type of insuring agreement is this?

a. It is a limited insuring agreement because the policy covers only perils listed in the declarations.

b. It is a limited insuring agreement because the policy covers only specifically listed causes of loss or perils.

c. It is an open-perils insuring agreement because it applies to indirect physical loss or damage.

d. It is an open-perils insuring agreement because it agrees to cover loss by any cause that is not excluded.

1K: The insurance application Cheryl signed before receiving her current homeowners policy stated that she had not previously submitted a homeowners claim. After she submits a water damage claim due to a plumbing leak, the adjuster learns that she actually made two previous water damage claims for plumbing leaks during the past three years. Based on this information, it appears that Cheryl's current insurance may be

a. rescinded.

b. enforceable.

c. renewed.

d. unenforceable.

1L: Which one of the following factors would not normally be relevant in determining the amount payable to the claimant who makes a claim that is covered by a liability insurance policy?

a. A negotiated settlement between the insurer and the claimant

b. An agreement the insured and the claimant reached before submitting the claim

c. The amount of damages determined by a court judgment

d. The applicable policy limits

1M: In the declarations of a commercial general liability policy, the named insured is listed as "Gregory Sweeney, Gretchen Vance, and Sweeney-Vance, Inc." The insurer is obligated to pay a substantial return premium when an audit shows they overestimated their exposures. The insurer's return premium check should be made payable to

a. Gregory Sweeney, Gretchen Vance, and Sweeney-Vance, Inc., as their interests may appear.

b. Gregory Sweeney because he is the first named insured.

c. Gretchen Vance.

d. Sweeney-Vance, Inc.

1N: Steve is filling out applications with a new customer. One of the first things Steve wants to clarify is how the insured's name needs to read on the policy. His customer inquires as to why he is so adamant. Steve tells them he wants to get the name correct because

a. he is incredibly inquisitive and has to know.

b. he wants to avoid an errors and omissions claim.

c. his agency requires him to get this information for its electronic files.

d. the first named insured is given additional rights and duties in the policies.