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What is the least amount of insurance to have on a car?
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- All of the following are true of key person insurance EXCEPT a ) The plan is funded by permanent insurance only . b ) There is no limitation on the number of key employee plans in force at any one time . c ) The employer is the owner , payor and beneficiary of the policy . d ) The key employee is the insured
- An appliance store sells a refrigerator to Mrs. Smith. The refrigerator is installed in Mrs. Smith's kitchen and after the installation had been completed, the refrigerator blows up catching fire and damaging the kitchen and injuring Mrs. Smith. The appliance store's Commercial General Liability policy covers?Choose one answer. a. All losses are covered b. Bodily Injury to Mrs. Smith only c. Bodily Injury to Mrs. Smith and damage to the kitchen but not the refrigerator d. Bodily Injury to Mrs. Smith and damage to the, refrigerator, but not the kitchen
- Personal Liability (Section III) of a Homeowner's policy covers which of the following?Choose one answer. a. Damage to the insured's property caused by a visitor b. Bodily Injury to a member of the household by a neighbor's dog c. Bodily Injury or Property Damage caused by personal activities of the insured or family members anywhere in the world d. Bodily Injury or Property Damage caused by war