Which portion of auto dealers coverage form covers liability for damage to property of others in the insured’s care, custody or control? Options: Liability Garage keepers Physical damage Both liability and garage keepers Answer: Option 2 is correct.
Your dog may make it harder to buy comprehensive homeowners insurance. Most homeowners policies provide coverage if your dog bites someone. The liability portion of your policy typically will protect you for up to $300,000 in damages. However, some insurers refuse to sell to dog owners, or owners of specific breeds, such as pit bulls […]
Celebrities are notorious for doing things that are down-right weird. So, it’s no surprise that some of the biggest celebrities have allegedly taken out insurance policies on their own notable body parts, including Bette Davis’ waist, Bruce Springsteen’s voice, and Julia Roberts’ smile. Australian cricket player Merv Hughes (above) even went as far as to […]
Defective electrical wiring that may lead to a fire is an example of a: Options: Pure risk Non-diversifiable risk Speculative risk Physical hazard Answer: Option 4 is correct.
Which of the following is a false statement? Options: Risk averse people will pay an insurance premium that is greater than the mathematically fair chance of loss in order to relieve themselves of uncertainty. A risk seeker is willing to assume risk. The mathematically fair price for insurance is the objective risk for the insurer […]
Once logged in, Bridge specialty allows users to perform multitude of tasks related to the management of Insurance Policies by interacting with other network systems such as third party database, payment processing system, Regulatory Sanction Screening Software ,accounting system ,document warehouses and other Policy administration systems. Bridge Specialty system can be configured by licensee staff. […]
Oceanwide Marine Suite (OMS), formerly called as Genoa OMS is a Marine Cargo Insurance Software, which is widely used by Brokers, Insurers to generate Certificate of Insurance for Shipments and Storage Locations of a Binded Policy. Note that the Policy is typically binded in the Bridge Specialty system and OMS handles the Post Bind process. […]
Cargo Insurance deals with Shipments moving across continents and hence have to abide by International laws and Country specific compliance. The Sanctioning screen in OMS provides a comprehensive feature to deal with global Sanctioning laws automatically. This feature is supported by third party integration with LexisNexis. Sanction and compliance lists contain names of people and […]
Commercial Inland Marine is divided into three main categories: Domestic Shipment: The forms in this category are known as Transportation forms. They cover the shipper who has the good sent to the carries who transport the shipper’s good. Instrumentalities of transportation or communications: These forms cover such things as docks, piers, bridges, wharves, pipelines and […]
Flood Insurance forms for Condominiums Policies Four ways to insure condominiums, and each method has its own eligibility requirement. Residential Condominium Association Coverage on Building and Contents. Residential Condominium Unit Owners Coverage on Building and Contents. Non-Residential Condominium Coverage on Building and Contents. Non-Residential Condominium Unit Owner Coverage on Contents only.
FIRST REPORT OF INJURY (FROI) FORM INFORMATION Employer is responsible for completing the FROI form and submitting it to its workers’ compensation insurance company within 10 days of the first day of disability or the date they were aware of disability, whichever is later To Accommodate different data requirement in different states Deaths and serious […]
Standard contents policies will cover your mobile phone the same as any other item in the home. If your contents insurance policy does not include accidental damage cover, you’ll only be able to claim for damage caused as a result of damage in the home, such as a fire or flood.
Retrenchment cover is an insurance against losing your job due to retrenchment. The economic climate can change at any time and what was a secure position in a stable company can become unemployment in a heartbeat. In an unprecedented situation which leads to retrenchment, this cover will protect the insured by providing a payout of […]
Blank Endorsement – Where the endorser signs his name only, and it becomes payable to bearer Special Endorsement – Where the endorser puts his sign and writes the name of the person who will receive the payment Restrictive Endorsement – Which restricts further negotiation Partial Endorsement – Which allows transferring to the endorsee a part […]
The term microservices portrays a software development style that has grown from contemporary trends to set up practices that are meant to increase the speed and efficiency of developing and managing software solutions at scale. Microservices is more about applying a certain number of principles and architectural patterns as architecture. Each microservice lives independently, but […]