In an insurance policy, the covered and excluded perils are described in the insuring agreement....
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In an insurance policy, the covered and excluded perils are described in the insuring agreement. Which of the following are examples of perils, as opposed to hazards? (1) fire (2) water damage (3) faulty wiring in home (4) slander (5) collision (6) ice on sidewalk (7) unlocked doors (8) theft (9) termites (10) reckless driving O 1, 2, 4, 5, 8 and 9 O 2, 6 and 9 O 3, 5, 7, 8 and 10 O 1, 3, 4, 6, 7 and 10 Agency defines the relationship between the insurance agent or broker, the insurance company and the applicant. Which of the following statements is true? An insurance agent is an employee of the insurance company who owes duty of loyalty and care to the insurance company. An insurance broker is an independent contractor who owes duty of care to the insurance company. An insurance agent is an independent contractor who owes duty of care to the applicant. An insurance broker is an employee of the insurance company who owes duty of care to the insurance company
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