Casualty

Front 1

(AUTO) The policy territory of the unendorsed PAP is defined as

Back 1

the United States, its territories or possessions, Puerto Rico, or Canada. (This territory does not include Mexico. The Limited Mexico Coverage endorsement can be added to provide a limited amount of coverage while in Mexico.)

Front 2

(AUTO) arbitration deals not only with disputes over the amount of damages but also

Back 2

whether the insured is entitled to damages in the first place. (Appraisal deals only with disputes over the amount of damages.)

Front 3

(AUTO) Under both the truckers and motor carrier forms, the owner of a hired or borrowed trailer (or anyone else from whom the trailer is hired or borrowed) is

Back 3

afforded insured status while the trailer is connected to a power unit covered under the policy.

Front 4

(AUTO) The insurance company's duty to defend ends when

Back 4

the limit of liability has been exhausted by the payment of a judgment or a settlement.

Front 5

(AUTO) A 'newly acquired auto' is a

Back 5

private passenger auto, or a pickup or van with a gross vehicle weight (GVW) of less than 10,000 pounds, of which the named insured becomes owner during the policy period.

Front 6

(AUTO) Environmental restoration involves restitution for

Back 6

loss, damage, or destruction of natural resources (and cleanup costs) resulting from a covered pollution incident while the motor carrier transports a pollutant.

Front 7

Bonds involve a three-party relationship in which one party agrees to

Back 7

indemnify(compensate) second party for the loss caused by the failure of a third party. Insurance involves a two-party relationship between the insurer and the policy owner, who is usually also the insured. (Even if the policy owner is not the insured, the insured is not a third party to the insurance contract.)

Front 8

Blanket coverage applies to theft by any individual defined as an employee without the need to

Back 8

name the individual employees or the positions or job titles to which coverage applies

Front 9

A lienholder's or lessor's interest endorsement, also called a breach of warranty clause, causes the policy to protect

Back 9

the financial interest of a lienholder or lessor even when the insured breaches a condition, thereby voiding coverage for the insured. (The insurer can also recover from its own insured. )

Front 10

The CGL policy has a liquor liability exclusion for establishments that sell, manufacture, or distribute liquor. These establishments must buy

Back 10

liquor liability insurance to be covered for such claims.

Front 11

Form HO 24 81 is a personal injury endorsement that adds liability coverage for personal injury to others, such as

Back 11

false arrest, false detention, false imprisonment, malicious prosecution, invasion of privacy, wrongful eviction, wrongful entry, and defamation.

Front 12

Any employer that knowingly provides false information to the Director so that he or she may become self-insured, his or her own risk carrier, or a group pool association is subject to

Back 12

Louisiana perjury laws.