What is the primary difference between a claims-made and occurrence form of a CGL policy

a. The claims made form provides coverage only for events that take place during the policy period

b. The claims made policy provides coverage for claims first made during the policy period

c. The occurrence form provides coverage for claims that occur after the expiration of the policy using a tail

d. The occurrence form is issued with an aggregate limit and the claims made form is not

Answer: b. The claims made policy provides coverage for claims first made during the policy period

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

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The pro rata liability clause is designed to protect the principle of
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A domestic insurer issuing variable contracts must establish one or more
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A beneficiary change can occur
No existing agent's license will be revoked until
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In an insurance contract, the applicant's "consideration" is the
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How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
What documentation grants express authority to an agent?
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Which of the following statements about accumulated interest earned on dividends from an insurance policy is TRUE?
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All of the following are true regarding a decreasing term policy EXCEPT
Purchasing a life insurance policy in order to avoid the forced sale of assets upon death is called
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The pro rata liability clause is designed to protect the principle of
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Life income joint and survivor settlement option guarantees
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What documentation grants express authority to an agent?

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