Estructura y Cláusulas de la PólizaPregunta 527 de 531
An insured sells his building and tries to hand the property policy to the buyer. That assignment is effective only if:
a.The policy has run half of its term
b.The buyer assumes the unpaid premium
c.The insurer consents to it in writing
d.The deed and policy are recorded together
Explicación
A property policy is a personal contract between the insurer and the particular insured whose character, loss history and use of the property were underwritten, so it cannot be handed to a stranger without the insurer's written consent. Paying the outstanding premium or recording documents at the courthouse does nothing to bind an insurer to someone it did not evaluate, and the age of the policy is irrelevant.
Practica las 531 preguntas gratis — sin registro.
Own the complete California Property & Casualty Broker-Agent guide — PDF + EPUB, $24.99 →
Preguntas relacionadas de este tema
- A policy contains an excess other-insurance clause. When another policy also covers the same loss, the excess policy:
- After a driver damages the insured's fence, the insured signs a paper releasing that driver from all claims and then files with his own insurer. The effect is that:
- A homeowner intentionally sets fire to his own insured house. Under the standard mortgage clause, the mortgagee:
- The difference between cancellation of a policy and non-renewal of a policy is that cancellation:
- A policy carries a $1,000 deductible for each occurrence. A windstorm damages the roof for $12,000 and, three months later, a separate hailstorm causes $4,000 of damage. The insurer pays in total:
- A bank that financed the insured's equipment is shown on the declarations as a loss payee. That means the bank:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Property & Casualty Insurance License Exam · Cómo revisamos