When other insurance is written on the same basis ...

Idaho Property And Insurance Exam Questions And Answers

Question Number 12

When other insurance is written on the same basis as a commercial property policy, the obligation of the insurer is to covera)All of the loss.b)The loss on an excess basis.c)The loss on a primary basis.d)A share of the loss.

A share of the loss

✔ Correct Answer:

A share of the loss

Related questions :

What type of information would be found in a policy's insuring agreement?Policy ...
Which of the following is true of dwelling policy coverage?Exclusions only apply...
An insured has a homeowners policy and is required to be a member of the homeown...
Which of the following types of valuation works best for property whose value do...
The part of a property policy that shows the amount of insurance, premium, and p...
A commercial property special form covers property in transit up toa)$500.b)Full...
The HO-3 homeowners policy provides:a)Open peril coverage on the dwelling and br...

Prepare for nursing and certification exams with Naclex . Get access to real exam questions and answers, comprehensive study guides, and expert tips to excel in your exams. Start your journey to success today

Terms and Conditions

Idaho Property And Insurance Exam Questions And Answers

Question Number 12

Count Down:

Related questions :