General Insurance Principles第 180 / 474 题
A bank holds the mortgage on a house and the owner's adult son lives there rent free. Insurable interest in the dwelling is held by:
a.the bank alone, since it advanced the money that bought it
b.the owner and the bank, each to the extent of a financial stake
c.the owner and the son, because both live in the same dwelling
d.any party named on the policy, whether or not money is at risk
解析
Insurable interest means suffering a genuine financial loss if the property is damaged, so the owner holds it in the equity and the mortgagee holds it up to the unpaid loan balance. In property insurance that interest must exist at the time of loss. Simply living in a house creates no financial stake, and being named on a policy does not manufacture an interest that was never there.
免费刷完整 474 道题库 — 无需注册。
Own the complete Personal Lines Insurance Producer guide — PDF + EPUB, $19.99 →
同考点相关题目
- The difference between a representation and a warranty on an insurance application is that a warranty:
- An applicant knows the basement floods each spring and stays silent although the application asks about past water damage. This is:
- Two applicants each give the wrong roof age. One is guessing honestly and the other is hiding a claim history. Fraud is distinguished by:
- A five-year-old laptop is destroyed by a covered fire. It would cost $1,200 to replace and its actual cash value is $700. Under an actual cash value policy with a $250 deductible, the insurer pays:
- Before her insurer paid the claim, an insured signed a paper releasing the neighbor whose burning trash spread to her garage. The likely result is:
- An adjuster writes to an insured that a late proof of loss will not be a problem, and the insured relies on that. The insurer is likely barred from denying on that ground by:
最近核对： · 审核流程
PrepPass 团队 · 依据官方资料核对 California Personal Lines Insurance License Exam · 我们如何核对