PSI practice t Study guides, Class notes & Summaries

Which is included in the declaration page of a commercial general liability policy? 1. Policy effective date 2. Claim reporting 3. Warranties & limitations 4. Common policy correct answers Policy effective date Leah provides transportation to her client for their business lunch. The client closes that car door on her own hand. What type of coverage applied? 1. Physical damage 2. Liability 3. Medical payment 4. Health ins correct answers liability The Federal law that requires insur...

Even after an offer has been accepted and is binding, the buyer and seller may still choose to sign mutual release papers rather than proceed to closing. Which of the following circumstances would NOT give either party a justifiable reason to insist on a mutual release? 1. The buyer finds a better property for better terms. 2. A title defect that will take months to clear is discovered. 3. A basement fire causes damage that requires extensive repairs. 4. The buyer is unable to obtain finan...