Psi Online Examination Ny Insurance Property And Casualty Practice Test

c. loss due to crime {Ans: Which of the following would be covered by a commercial package policy? a. small to medium sized businesses b. ocean marine c. loss due to crime d. injury to worker on the job}a. carpet cleaning after a water main break {Ans: Which of the following would trigger coverage under business income form with extra expense coverage? a. carpet cleaning after a water main break b. Employee pay after a building structure is damaged c. building inspectors feeds after a loss d. unit rent when tenant is liable}a. indemnity {Ans: which of the following characteristics of an insurance contract expresses the principle that the policyholder is returned to the approximate financial condition as before the loss? a. indemnity b. risk transfer c. insurance d. risk reduction}a. disability {Ans: Underwriters are permitted to use all of the following when underwriting an application for insurance EXCEPT? a. disability b. inspection services c. credit reports d. claim history}d. subrogation {Ans: Which of the following terms refers to the transfer of the insured's right of recovery against others to his insurance company? a. abandonment b. legal release c. loss transfer d. subrogation}c. replacement cost