Arizona Adjuster - Property & Casualty 2023 Exam Simulator - Series 13-36 With Verified Solutions

All of the following events are considered acts of terrorism, EXCEPT: Acts of riot and civil commotion. Acts considered dangerous to human life, property or infrastructure. Acts resulting in damage within or outside the United States. Acts committed by an individual or individuals acting on behalf of any foreign person or foreign interest. {Ans: Acts of riot and civil commotion. is correct. Acts of riot and civil commotion are not covered by the Act. These are perils that are covered by property insurance policies.}Under a directors and officers policy, when can the insurance company reimburse the corporation for reimbursement to directors and officers for defense and damages paid in legal proceedings? When approved by the board of directors. Never, because these expenses are excluded. When allowed by its bylaws. Anytime there is a claim. {Ans: The correct answer is: When allowed by its bylaws. These expenses and costs are covered if provided in the bylaws of the corporation.}Under the Yacht policy, what coverage applies to bodily injuries to the captain and crew? Medical payment coverage. Uninsured/underinsured boater insurance. Bodily injury liability coverage. Longshore and Harbor workers compensation. {Ans: Longshore and Harbor workers compensation is correct. Longshore and