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WorksheetsInsurance Policies and Regulations Quiz
Total questions: 20
Worksheet time: 10mins
What is automatically included in BOP Coverage Extensions?
Debris removal and preservation of property
Only newly acquired buildings
Only debris removal
Only preservation of property
Which endorsement requires maintenance of alarms or sprinklers?
Utility Services — Time Element
Utility Services — Direct Damage
Protective Safeguards
Hired/Non-Owned Auto Liability
What does Part One of a workers comp policy include?
Endorsements
Employers liability
Statutory benefits
Other states coverage
What does the Commercial Auto policy cover?
Only physical damage for hired vehicles
Only theft of business vehicles
Liability and physical damage for vehicles used in business
Liability and physical damage for personal vehicles
Which form covers owned, hired, and non-owned autos for liability and physical damage?
Farm Coverage
Business Auto Coverage Form
Truckers Coverage Form
Marine Policies
What does workers compensation cover?
Only lost wages
Medical expenses, lost wages, rehabilitation, and death benefits
Only rehabilitation
Only medical expenses
What does a Businessowners Policy (BOP) combine?
Only property coverage
Only liability coverage
Marine and auto coverage
Property and liability coverage for small to mid-sized businesses
What is required for licensing in Alabama?
Only passing an exam
Only proof of citizenship
Education, exam, fingerprinting, and citizenship verification
Only fingerprinting
What is the role of the Alabama Insurance Commissioner?
Only regulating insurance companies
Only enforcing insurance laws
Overseeing licensing, regulation, and enforcement of insurance laws
Only issuing licenses
What is included in the Truckers & Motor Carriers Coverage Forms?
Farm equipment coverage
Inland marine coverage
Trailer interchange and motor carrier liability
Drive other car coverage
What is required to maintain a producer license in Alabama?
Only updating contact information
Only completing CE requirements
Renewing licenses biennially, completing CE requirements, and updating contact information
Only renewing the license
What is covered under BOP Property Coverages?
Only loss of income
Only business personal property
Buildings, business personal property, and loss of income
Only buildings
What is the role of a surplus lines broker?
To place coverage with admitted carriers
To place coverage with nonadmitted carriers when no admitted market is available
To adjust claims
To provide temporary coverage
What is required for most employers in Alabama regarding workers compensation?
Only for construction firms
Optional for all employers
Only for large corporations
Mandatory unless exempt
What does Ocean Marine Policies cover?
Business personal property
Farm equipment and livestock
Only inland transportation
Vessels, cargo, and liability on international waters
What is required under the Beason-Hammon Taxpayer and Citizen Protection Act?
Proof of citizenship with multiple forms of ID accepted
Only a U.S. passport
Only a valid driver's license
Only a birth certificate
What are the levels of disability in workers compensation?
Only Temporary Partial and Permanent Partial
Temporary Total, Temporary Partial, Permanent Partial, Permanent Total
Only Temporary Total and Permanent Total
Only Permanent Total
Which endorsement covers collision damage for a corporate officer driving a rental car?
Trailer interchange coverage
Employee as insured
Hired auto physical damage
Drive other car coverage
What do Marine Policies generally cover?
Property in transit or related to transportation
Only ocean vessels
Only inland transportation
Farm equipment and livestock
What is the purpose of the Alabama Insurance Guaranty Association?
To regulate insurance companies
To protect policyholders if an admitted insurer becomes insolvent
To offer discounts on insurance premiums
To provide insurance for all residents
