Motor Insurance (CH.7) RISK 112

Motor Insurance (CH.7) RISK 112

University

15 Qs

quiz-placeholder

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Motor Insurance (CH.7) RISK 112

Motor Insurance (CH.7) RISK 112

Assessment

Quiz

Other

University

Hard

Created by

Walaa Rezk

Used 1+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of an insurance endorsement?

To cancel the policy

To modify the policy by changing its coverage

To renew the policy automatically

To reduce the premium

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of change that can be made through an endorsement?

Vehicle changes

Coverage changes

Driver changes

Policy cancellation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When can most motor insurance endorsements be made?

Only at the inception of the policy

At any time during the policy period

Only at the renewal time

Only after a claim is filed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are standard endorsements primarily based on?

Unique situations for each insured

Templates provided by organizations like ISO

Personal requests from the insured

Court decisions only

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main characteristic of non-standard endorsements?

They are widely used in the industry

They are drafted for specific insureds

They are mandatory by law

They cannot be changed once issued

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of endorsement is added voluntarily at the option of the insured or insurer?

Mandatory endorsement

Voluntary endorsement

Standard endorsement

Non-standard endorsement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a mandatory endorsement?

Adding a new driver to the policy

Including a professional liability exclusion

Requesting rental car coverage

Removing coverage for a specific driver

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