Adjuster Exam (Arizona)

Claims-Made CGL {Ans: Triggered when claim is filed. Covers any claim filed during the policy period, no matter when the damage or injury occurred. Insurers can price premiums to reflect current risk of lawsuit awards. Two types of forms: Claims-Made & Reported: Insured must report claim or possibly of a claim within the policy period. Pure Claims- Made: Insured must inform insurer of a claim as quickly as possible (Not necessarily within the policy period)}Which of the following would be covered under Coverage B of a typical Business Owners Policy {Ans: Inventory Of the items listed, only inventory would be covered under Coverage B of a typical Business Owners Policy. Stock certificates are excluded, as are outdoor antenna unless the BOP has an Outdoor Property extension. And, permanently installed fixtures are covered under Coverage A.}In a Personal Auto Policy, the split limits under the liability section will apply to all of the following, EXCEPT: {Ans: the total for property damage to the insured's auto caused by the accident. Liability coverage will not cover damage to the insured's own car. It only covers other people's damages or injuries that the insured is liable for}Helen is looking to reduce