Which of the following is true regarding licensing in the state of New York?
Which of the following is true regarding licensing in the state of New York? - To qualify for an insurance license in NY, an individual must be at least 18 years old, be a New York resident, must meet relicensing education requirements, and be found competent and trustworthy.
Which of the following requirements must be included in all claims made commercial general liability policies issued in New York?
Which of the following coverages is mandatory on all Claims-Made Commercial General Liability Policies issued in New York? The 60-day tail must be provided.
Which of the following would not be considered an insured under a commercial general liability policy?
Which of the following is NOT considered an insured contract under the Commercial General Liability Policy? Fiduciary liability insurance.
Which of the following would you find in the conditions section of an insurance policy?
Common conditions in a policy include the requirement to file a proof of loss with the company, to protect property after a loss, and to cooperate during the company's investigation or defense of a liability lawsuit.
Is mobile equipment covered under a commercial auto policy?
Under the business auto coverage form, mobile equipment is covered for liability insurance... When being carried or towed by a covered auto With regard to the Commercial Auto Policy, all of the following autos would be classified as "owned autos," EXCEPT...
What is the endorsement providing evidence of financial responsibility for motor carriers?
The endorsement providing evidence of financial responsibility for motor carriers is know as: B)Form MCS-90 Form MCS-90 provides evidence of financial responsibility, on behalf of the motor carrier, to the Interstate Commerce Commission (ICC).
Which form must a common carrier use for truck coverage?
D)A common carrier must use the Trucker Coverage Form A common carrier can use either the Trucker Coverage Form or the Motor Carrier Coverage Form. What coverage under the Motor Carrier Coverage form provides physical damage coverage for non-owned trailers and equipment in the event of an at-fault accident?