Exam topics

Showing 211–220 of 280 articles · Page 22 of 28

• Constructive Total Loss in Marine InsuranceA constructive total loss (CTL) treats marine property that still exists or may be recoverable as a total loss under the contract and governing law. T…
• Business Auto Covered Auto SymbolsCovered-auto symbols are numeric designations on the Business Auto Coverage Form that define which vehicles qualify for a particular coverage. The sym…
• Property Insurance Debris Removal CoverageProperty insurance may cover eligible debris cleanup when insured property is damaged by a covered cause, subject to the policy’s grant, limit, locati…
• Permissive Use Under an Auto PolicyPermissive use is a driver’s use of a covered auto with the owner’s or insured’s permission. Under a Texas personal auto policy, a person who is not a…
• Texas Auto Insurance Proof and VerificationTexas drivers must be able to provide evidence of financial responsibility when required by law. Accepted evidence can include a liability insurance c…
• Commercial Property Inflation-Guard EndorsementAn inflation-guard endorsement increases a scheduled commercial-property limit over the policy term by a stated annual percentage, usually through a t…
• Extended Business Income PeriodExtended business income coverage may continue paying a covered business-income loss after damaged property has been repaired and operations resume, w…
• Ordinary Payroll Limitation in Business Income CoverageAn ordinary-payroll limitation in business-income insurance can limit or exclude certain employee payroll expenses after a covered suspension, often a…
• Personal Auto Physical-Damage ConditionsPersonal-auto physical-damage coverage pays for qualifying loss to a covered auto under selected collision and other-than-collision coverage, subject …
• Mobile Equipment vs. Motor Vehicle InsuranceInsurance forms generally separate mobile equipment—such as certain construction machinery, forklifts, and self-propelled equipment designed mainly fo…