Exam topics

Showing 121–130 of 280 articles · Page 13 of 28

• Business Income Coverage for Rental ValueRental-value coverage can insure a property owner’s lost rent and certain continuing expenses when covered physical damage makes the premises untenant…
• Insurance exposure and loss potentialAn insurance exposure is a person, property, activity, or other unit of risk that could produce a covered loss. Loss potential describes the chance an…
• Texas Workers’ Compensation Non-Subscriber Notice RequirementsA Texas private employer that elects not to carry workers’ compensation coverage must notify DWC, inform employees, and post the required notice. DWC …
• Additional Insured Endorsement vs. Certificate of InsuranceAn additional insured endorsement changes who receives policy-defined insured status; a certificate of insurance summarizes selected policy informatio…
• How to read insurance exclusions and exceptionsAn exclusion removes or limits coverage that might otherwise fall within a policy’s grant. An exception to an exclusion restores coverage for a define…
• Duties of the first named insuredThe first named insured is the first person or organization listed in the policy declarations. Many commercial forms authorize that party to act for o…
• Commercial property floater coverageA commercial property floater covers described business property that moves between locations, travels in transit, or is otherwise not confined to one…
• Mysterious disappearance in commercial crime insuranceMysterious disappearance usually describes property that is missing when the insured cannot determine when, how, or by whom it disappeared. A crime po…
• Fidelity bond vs. surety bondA fidelity bond protects an insured, such as an employer or customer, against a defined loss caused by dishonest acts of covered people. A surety bond…
• Surety bond indemnity agreementsA surety bond indemnity agreement is a separate contract in which the bond principal and other indemnitors promise to reimburse the surety for covered…