Total Review

CP-F-113
Pollution Clean Up and Removal
What is the Federated Limit?

P-F-113
Pollution Clean Up and Removal
Federated covers pollution ____ or _____

P-F-113
Pollution Clean Up and Removal
What types of losses are covered?
How many days do you have to report a a claim?

P-F-113
Pollution Clean Up and Removal
Give a claims example

Debris Removal on the CP-F-113
Explain the two scenarios where Federated will increase the Debris Removal Limit

ERPL
Which policy has a a retroactive date?
Claims Made or Occurrence

What are some types of losses that are covered by ERPL

Does Data and Cyber coverage cover Defense cost?

Question Text

Why is Workers Comp not a commodity (Be able to name at least 3).

Commercial Umbrella
Sits over what main 3 things?

Federated Also has the Commercial Umbrella Sit over what 3 Additional things?

Give a claims example of how the commercial Umbrella would work with Garage Keepers Liability?

Commercial Umbrella
Explain Non-Employment Harassment
Give a claims Example

Commercial Umbrella
Explain personal liability and why it is excluded by the commercial Umbrella.

Commercial Liability
Personal Liability is excluded, what adds individuals back?

Give an example of when Personal Liability is excluded by the commercial umbrella

What are the three coverages in Executive Personal Liability?

Explain and Give an example of Contingent Work Comp

Explain and give an example of Non-For-Profit

Explain and give an example of Personal Executive Liability Coverage

SIR candidates need to have what three things?

For a P&C SIR explain how Deductibles impact the SIR

For a WC SIR is there a deductible?

Business Income Limit for the Bronze, Silver and Gold

Business Income limit for Systems Breakdown for Bronze, Silver, and Gold

What are the main 4 overages included on a BOP? What main coverage can be added with a CPP?

What is the premium threshold for a BOP? What is the turn around time for a BOP?
When does the underwriting take place for a BOP?

Building Material has 5 Major Property Advantages name them.

Building Material Dealer
Explain and give a claims example of Property off Premise

Building Material Dealer
Explain and give an example for Delivery Site Drop Off

Building Material Dealer
Explain and Provide a claims example of Property in Transit

Building Material Dealer
Provide an example of Railroad Car Liability

Building material Dealer
Provide and example of Borrowed or Leased Equipment

Tire Dealer
Property Off Premise provide a claims example

Tire Dealer
False Pretense - provide a claims example

Tire Dealer
Provide a claims example for Garage Keepers.

Tire Dealer
Explain and provide an example for the Amendment of Product and Faulty Repair Coverage

Auto Service BOP
What is the limit for EE tools?

Auto Serivice Faulty Work Performed by your service techs

Auto Service Dealer
Limited Short Term Pollution Event
Explain and provide an example

Machine Shield
Brand and Labels - Explain and give an Example

Machine Shield
Employees tools and equipment - Covered where?

Machine Sheild
Pattern, Dies and Molds and Precious Alloys and Metals
What Cause of loss exclusion is removed?

Machine Shop
Explain how the PMVE breaks down the BPP? What are the parts valued at?
What are the benefits of the PMVE?

Machine Shop
Explain the E&O box example

Machine Shop
Patent Infringement - explain and give an example

Machine Shop
Product Recall - What expenses does it cover?

Machine Shop
Does Product Recall cover to redo the work?

Machine Shop
Product Recall - the insured has to pay what in claim like this?

Machine Shop
Work in Process -- The insured can get a extended reporting period for how long?

Contractor Shield
Name Item A-G

Contractors Floater
Item A covers what 2 elements?
Coverage applies where?
What is the time limitation after the job is completed?
How is it valued?
Why does it need to be scheduled at 100%?

Contractors Floater
Item B covers what?
What is the limit to schedule property?
Why is it important to schedule at 100%?

Contractor Floater
Item C covers what?
Covers it where?
These items have to less than?
How is Item C valued

Contractor Floater
Item D Covers what?
Covered Where?
How is the limit set?
Valuation?

Contractor Floater
Item E covers what?
For how many days? (endorsed?)
Maximum limit?
Valuation?

Contractor Floater
Provide a claims example for Item A

Contractor Floater
Provide a claims example for Item B

Contractor Floater
Provide an example for Item C

Contractor Floater
Provide a claims example for Item D

Contractor Floater
Provide a claims example for Item E

Contractor Extension Endorsement
In order to get this you have to have what?
Why isn't worker under this coverage not covered by E&O?

Contractor Extension Endorsement adds back coverage for 3 exclusions, name them? and Give examples for the main 2.

Contractor Shield
Limited Fungi or Bacteria
Provides coverage for what losses?
Give a claims example

Contractor Shield -- Limited Job site Pollution
Covers what types of losses?
Give an Example

Cabinet Shield
Give an example of undamaged Stock

Cabinet Shield
Give a claims example for temperature extension

Cabinet Shop - Extension Endorsement
Removes what 3 exclusions?

Funeral BOP
Explain and provide a claims example for Exhumation Expense

Funeral Service Professional Liability
Explain what is covers for?
Give an example

Funeral BOP
Customer Auto Coverage
Explain and provide an example
What are the two limits?

Term Life - what are the length of the two terms?

Explain Renewability - until what age can you renew the policy.

Term Life
Explain Convertibility

Term Life
Name the 5 risk classes
What 2 can be table rated?***

Life insurance
Be able to explain Beneficiary
Contingent Beneficiary
Irrevocable Beneficiary

Explain Contestability in regards to life insurance

Explain the Suicide Provision within the life insurance policy.

Life Insurance Riders
Children Insurance Riders does what?
What ages?
Limit Range?
Covers who?

Life insurance Rider
Waiver of Premium Rider
Waive premium for what type of disability
Until what age?
Have to be disabled for how long?
First two years is? and then what?

Universal Life Insurance
When will the policy be cancelled?

Universal Life Insurance
Name 3 points for option 1 and option 2

Universal Life Insurance -- Interest Rates
Guaranteed Rate?
Current Rate?
How often can it change?

Universal Life Insurance
What is the loan interest rate?
What is the net interest rate for a loan?

Universal Life Insurance
Explain when you should take a loan versus letting the policy lapse

Universal Life
Explain the Premium Load by year

Universal Life
How long do surrender charges last?
Why do we have surrender charges?

Universal Life
Expense charges on the policy last for how long?

Universal Life Riders
Children's Rider
Limit?
Ages?
Who?

Universal Life Riders
Option to increase Rider
Does what?
Between what ages?
What are the two increase options?
Can be accelerated for what occasions?

Universal Life Riders
Waiver of Premium Rider
Does what?
Disability has to start before when?
Own occupation for how many years?

Disability Income
What percentage of DI claims are from illness?
1 in how many policy holders have a DI claim?

Disability Income
At what point does Federated require income verification (besides Cali)

Disability Income
How long does Own Occupation last for DI?
What Rider waives that?

Disability Income
Waiver of Premium Rider is (included/not included?) in the policy
You have to be disabled for how long?
What does it do?

Disability Income
What are the 3 benefit options?

Disability Income
What are the two parts of the DI benefit?
What part of the benefit can be reduced if WC kicks in? What is the MAX of this part?

Disability Income
What are the waiting period options?
When is the first DI check issued?

Disability Income Riders
EROR stands for?
Does what?
What type of disability?
Available for what Occupation classes?

Disability Income Rider
GMI stands for?
Does what?
Until what Age?
What increase options do you have?

Disability Income Rider
COLA stands for?
Does what?
Rate of increase? Based on?
What type of disability?

Disability Income Rider
BOBR stands for?
Limit Option?
Time limitations?
Owner has to meet 2 requirements?
How can you spend the money?