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You insure an eighteen (18) year old student, who is rated as an occasional driver of the mother's automobile. He/she advises that during the summer vacation period he/she will be using the auto to deliver pizzas in the evenings. What action do you take? OA) Note the file and take no further action. OB) Advise the insurer of the change of use. OC) Mark the policy to lapse on renewal, as you do not want that type of risk. OD) Do nothing, as the student is already shown as a driver of the vehicle.

You insure an eighteen (18) year old student, who is rated as an occasional driver of the mother's automobile. He/she advises that during the summer vacation period he/she will be using the auto to deliver pizzas in the evenings. What action do you take? OA) Note the file and take no further action. OB) Advise the insurer of the change of use. OC) Mark the policy to lapse on renewal, as you do not want that type of risk. OD) Do nothing, as the student is already shown as a driver of the vehicle.

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You insure an eighteen (18) year old student, who is rated as an occasional driver of the mother's automobile. He/she advises that during the summer vacation period he/she will be using the auto to deliver pizzas in the evenings. What action do you take? OA) Note the file and take no further action. OB) Advise the insurer of the change of use. OC) Mark the policy to lapse on renewal, as you do not want that type of risk. OD) Do nothing, as the student is already shown as a driver of the vehicle.
Transcribed Image Text:You insure an eighteen (18) year old student, who is rated as an occasional driver of the mother's automobile. He/she advises that during the summer vacation period he/she will be using the auto to deliver pizzas in the evenings. What action do you take? OA) Note the file and take no further action. OB) Advise the insurer of the change of use. OC) Mark the policy to lapse on renewal, as you do not want that type of risk. OD) Do nothing, as the student is already shown as a driver of the vehicle.
Which one (1) of the following clauses in a property insurance policy does NOT affect the amount of settlement an insured would receive as a result of an insured loss? OA) Co-insurance clause. OB) Deductible clause. OC) Pro-rata distribution clause. OD) All perils rider.
Transcribed Image Text:Which one (1) of the following clauses in a property insurance policy does NOT affect the amount of settlement an insured would receive as a result of an insured loss? OA) Co-insurance clause. OB) Deductible clause. OC) Pro-rata distribution clause. OD) All perils rider.
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