Where war risks cover is purchased as part of aircraft insurance, on what basis will liability coverage for war risks apply?
A – On an any one incident basis
B – On an aggregate basis for all incidents within a defined war zone
C – On an aggregate basis for all incidents within a defined geographical radius
D – On an aggregate basis for all aircraft insured under the policy
D: Liability coverage for war risks will be on an aggregate basis for all aircraft insured under the policy. There may be a maximum that can be recovered in any one location.
After an agency relationship ends, what is the correct treatment of information that was confidential during the life of the agency?
A: The information is only confidential while the agency is operational B: The information must remain confidential, even after the agency has ended
Which of these methods explains how a periodic payment for a personal injury claim is typically funded?
C: The income may be funded directly from an insurer's reserves or by the purchase of an annuity.
A: At review premiums can rise, fall or stay the same.