Adjuster Exam - Questions, Answers And Feedback

Which of the following endorsements permits the insured under a Commercial Property policy to increase their business personal property coverage amount for specified periods of time when inventory may be higher than usual? {Ans: Peak Season Endorsement}Gottfried, an insurance agent, has posted information online in an forum for insurance professionals. This information stated that Greta's insurance agency has been engaging in rebating and her appointing insurer is about to file for bankruptcy. Gottfried knows this information is untrue, but he is angry that some of his clients have recently left his agency to place business with Greta. Which of the following statements is true of Gottfried's actions? {Ans: Gottfried has defamed both Greta and her appointing insurer, an unethical and illegal action}The insured is liable for $500,000 in damages for a personal injury claim that is covered under the insured's primary liability policy. The primary liability policy has a $300,000 limit per occurrence. The insured also has a $1 million Umbrella policy with a $3,000 self-insured retention limit. How would this claim likely be settled? {Ans: The primary policy would pay $300,000 and the Umbrella policy would pay $200,000}The common policy conditions apply to which coverage parts