Oklahoma insurance Adjusters Quiz

Question 1

What is the min liability limit that the Motor Carrier act of 1980 requires for those transporting specified hazard mat?

Accepted Answer

5 milly

Question 2

The best description of CPP is the coverages are ?

Accepted Answer

A la carte

Question 3

How many vehicles are required to qualify for fleet rates in commercial auto

Accepted Answer

5

Question 4

Which of the following losses would not be covered by the basic cause of loss form ?

Accepted Answer

collapse

Question 5

Commercial lines policies include what and what ?

Accepted Answer

Occurence an aggragate limits

Question 6

You have to give the insurance commisioner 32 days notice for change of address

Accepted Answer

False

Question 7

A million sub hundred policy will pay med expenses up to how much per person ?

Accepted Answer

1 mil

Question 8

Hazards in adjuster terms do what ?

Accepted Answer

Magnify a peril

Question 9

What is the single limit of 100/300/100

Accepted Answer

400,000

Question 10

The additional coverages and extensions of coverage under a bop

Accepted Answer

are provided automatically

Question 11

Functional replacement cost means?

Accepted Answer

Buying a cheaper option to repair the home to was before status

Question 12

When is mobile equipment covered by a commercial auto policy ?

Accepted Answer

Only with endorsement

Question 13

Aviation liability insurance is generally written with

Accepted Answer

Separate limits for passangers and non passengers on a per person limit

Question 14

A vacant building can lose coverage all together after how many days ?

Accepted Answer

60

Question 15

What is subrogation?

Accepted Answer

Insurer going for legal action and paying the claim to the insured themself

Question 16

The property coverage under a BOP protect against losses due to

Accepted Answer

Open perils

Question 17

What business would be eligible for a bop ?

Accepted Answer

Fast food

Question 18

What is an appraisal in adjuster terms?

Accepted Answer

When two appraisers appoint an umpire to agree value for subject property

Question 19

Sp 23 covers all except

Accepted Answer

passengers effects

Question 20

An example of Assumption of risk is ?

Accepted Answer

Mailman walking up to the customers house seeing an agressive dog is out

Question 21

Valueable record and cost of research papers coverage pays up to what amount ?

Accepted Answer

$2500

Question 22

Quarentine expenses are

Accepted Answer

None of the above

Question 23

Typical minimum limits for personal auto is

Accepted Answer

25/50/25

Question 24

Jonathan represents the insurer. She wants him to indemnify her which means what ?

Accepted Answer

To make whole

Question 25

Which is true concerning defense costs in a liability contract?

Accepted Answer

They pay addition to the limits on the policy

Question 26

Showing Negligence shows ?

Accepted Answer

Failure to do what a reasonable person would do.

Question 27

What is the max fire department charge in a commercial pol

Accepted Answer

500

Question 28

Exclusions are ?

Accepted Answer

Events and properties not covered.

Question 29

Fire legal liability is most important to ?

Accepted Answer

Tenant

Question 30

How many modules can be included in a CPP?

Accepted Answer

7

Question 31

Liability contracts pay ?

Accepted Answer

The other guy and or third party

Question 32

Which of the following specifies the covered auto in a business auto covrage form

Accepted Answer

Declarations

Question 33

Why would the fast food resturant be the one that can qualify to get a bop ?

Accepted Answer

Small , low risk business

Question 34

The limits of liability under business auto form are typically expressed as

Accepted Answer

single limit

Question 35

If carl is assigned to drive a cash deposit to the bank Carl is acting as a

Accepted Answer

messanger

Oklahoma insurance Adjusters Quiz

Questions 35

Oklahoma insurance Adjusters Quiz

Questions 35