Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements correctly describes the relationship between the Coverage A Each Occurrence Limit and the General Aggregate Policy Limit? A. Coverage A

Which of the following statements correctly describes the relationship between the Coverage A Each Occurrence Limit and the General Aggregate Policy Limit?

A. Coverage A and coverage B make up the Products and Completed Operations Limit

B. Both are included under the Products and Completed Operations Limit

C.Coverage A Each Occurrence Limit and the General Aggregate Policy Limit are not related

D. Coverage A Each Occurrence Limit is included under the General Aggregate Policy Limit

E. General Aggregate Policy Limit is included under the Coverage A Each Occurrence Limit

Which two sublimits are included under the Coverage A Each Occurrence Limit?

A. General aggregate limit; products and completed operations

B. Personal and advertising injury; products and completed operations

C. Damage to premises rented to you; personal and advertising injury

D. Damage to premises rented to you; medical expense

E. Medical expense; personal and advertising injury

Which of the following would most likely result in a premium increase when considered by a CGL insurance company?

A.Documented internal controls and safety procedures by the insured

B.Increased policy deductibles

C. Reduced policy limits

D. History of frequent, large claims by the insured

E. Additional exclusions to the policy

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Foundations Of Business Analysis

Authors: M Douglas Berg

1st Edition

1465222030, 9781465222039

More Books

Students also viewed these Finance questions

Question

6. Analyze a firm's debt position using ratios.

Answered: 1 week ago

Question

d. Is it part of a concentration, minor, or major program?

Answered: 1 week ago