General
Required in all insurance contracts- the exchange of something of value.
What is consideration?
ICBC is an abbreviation for ...
The basis of settlement for the extension of debris removal
If greater than the amount of insurance an additional 5% of that amount is provided.
The three coverage areas provided for on the commercial lines forms
What is building, stock and equipment?
The unabbreviated name of a CGL
What is a commercial general liability policy?
The type of risk that is insurable...
What is a pure risk?
The limit of Third Party Liability coverage that comes with Autoplan Basic policies
$200,000
The property covered by Coverage A- Dwelling building
What is ... dwelling & attached structures, permanently installed outdoor equipment, out door pools and materials for the maintenance of the premises?
The co-insurance formula
what is did/should x amount of loss = settlement
Covered under habitational liability if the property is under 8 meters (26 feet) in length
Non-motorized watercraft
The losses of the few are shared among the many...
What is spread of risk?
The four digit number that represents a drivers risk on the road and used by ICBC in the calculator of an insureds basic insurance premiums.
What is a driving factor?
The special limitation of coverage applied to garden type tractors, including their attachments & accessories
What is up to $5000 in all?
The two types of business interruption policy forms
What are the earnings and profits forms?
The two types of defamation
Libel & Slander
The rules binding on all parties to an insurance contract. No variation or omission of or addition is allowed.
What are statutory conditions?
Rate group 98 covers...
What are luxury vehicles?
The two coverage areas provided by additional living expenses
What is additional living expenses and fair rental value?
The types of losses the co-insurance clause applied to.
What is a partial loss?
Insurance policy purchased by doctors
What is malpractice insurance?
A loss to carpeting caused by a spark which escaped from a fireplace is interpreted as resulting from a....
What is a hostile fire?
Nicole's least favorite auto insurance coverage
What is specified perils?
What is 4 days?
The three areas of crime insurance
What are theft, burglary and robbery?
The four costs covered by supplementary payments
Cost of defense, reasonable expenses incurred by the insured, court costs, interest from the date judgment was rendered.