IIC Principles and Practice of Insurance - C11 模擬練習
Which clause paysreplacement costeven if the lossexceeds the amount of insuranceon the dwelling?
正解: B,C,D
解説: (PassTest メンバーにのみ表示されます)
Dominika's house sustains a fire resulting in a $500,000 total loss to the house and contents. Some pieces of furniture are salvageable and valued at $4,000 by the insurer. Dominika chooses to keep these items for her next home. Dominika's policy has a guaranteed replacement cost clause with a limit of $500,000 and a deductible of $1,000. What settlement amount will Dominika recover from the loss?
正解: B
解説: (PassTest メンバーにのみ表示されます)
A retailer reports $250,000 revenues and $100,000 expenses, and projects $50,000 in sustained growth next year. What is its net income for the past year?
正解: A
解説: (PassTest メンバーにのみ表示されます)
Which statement best describes a valued contract?
正解: D
解説: (PassTest メンバーにのみ表示されます)
What is the name of the pooling agreement where all high-risk drivers are underwritten in a common pool?
正解: A
解説: (PassTest メンバーにのみ表示されます)
MacMan Inc. employs several salespersons who travel throughout Canada with samples of its products.
Which type of coverage does MacMan Inc. require to protect its samples while in the salespersons' possession?
Which type of coverage does MacMan Inc. require to protect its samples while in the salespersons' possession?
正解: A
解説: (PassTest メンバーにのみ表示されます)
What type of wording is written on a custom basis for a specific situation?
正解: B
解説: (PassTest メンバーにのみ表示されます)
Kamal's home has an actual cash value (ACV) of $380,000 and is insured for $400,000. The house suffers
$180,000 damage. Which amount indemnifies Kamal?
$180,000 damage. Which amount indemnifies Kamal?
正解: D
解説: (PassTest メンバーにのみ表示されます)