Exam topics

Showing 51–60 of 280 articles · Page 6 of 28

• Consent-to-settle clauses in liability insuranceA liability policy may restrict an insured from making a voluntary payment, assuming an obligation, or settling a claim without the insurer’s consent.…
• HO-5 Homeowners PolicyHO-5 is commonly called the comprehensive homeowners form. In the historic ISO form description approved by TDI, HO-5 resembled HO-3 except that perso…
• HO-6 Condo InsuranceHO-6 is commonly the condominium unit-owners homeowners form. It can insure a unit owner’s personal property, the real-property items the owner is res…
• HO-8 Insurance for Older HomesHO-8 is commonly called the modified-coverage homeowners form and may be offered for older or higher-risk homes that do not fit an insurer’s standard …
• Farmowners vs. Homeowners InsuranceA homeowners policy is designed for a personal residence and household exposures; a farmowners or farm-and-ranch policy is built for property and liab…
• Concealment vs. misrepresentation in insuranceMisrepresentation is an inaccurate statement of fact; concealment is withholding or hiding a material fact that should be disclosed. Both can affect u…
• Temporary substitute autos under a Personal Auto PolicyA temporary substitute auto is generally a non-owned vehicle used in place of a covered auto that is out of normal use for a reason named in the polic…
• Newly acquired auto coverage under a Personal Auto PolicyA newly acquired auto provision explains when a vehicle purchased or otherwise acquired during the policy term can qualify for coverage before or afte…
• Other insurance clauses: primary, pro rata, excess, and escapeAn other-insurance clause explains how a policy responds when another policy may cover the same insured and loss. A primary policy responds first; an …
• Owned, non-owned, and hired autos in commercial insuranceOwned, hired, and non-owned autos describe different relationships between a business and a vehicle. An insurer determines whether liability coverage …