Insurance Exam Practice For Anatomy And Physiology Ii|120 Q&a Latest 2024

actual cash value {Ans: is the current cost to replace the item minus depreciation}severability {Ans: the insurance applies separately to each insured as if the other insured did not exist}coverage for excluded equipment {Ans: covers tapes and discs up to $200. Other customized equipment for pickup and vans for specified amounts}an occurrence is best described as {Ans: an expected event, including continuous or repeated exposure to conditions}Liberalization {Ans: do for all. If the new policies get something then the old policies get it to}legal liability {Ans: our rules of law dictate that one must provide reparations to another based on negligence}liability policy limit: aggregate {Ans: a limit is applied which represents the total insurance coverage that will be paid for the policy term}Exclusions under Medical Payments {Ans: 1. Fewer than four wheels 2. public 3. workers compensation is payable 4. auto which is furnished or available for regular use 5. used without permission 6. business use of non private passenger auto 7. racing facility}towing and labor {Ans: covers for towing and cost of Labor performed at the place of disablement for up to $100 per disablement}if the "newly acquired Auto" is