Question: 24. What is the premium based on for workers compensation policies? A. The annual revenues of a company B. The annual payroll for all employees

24. What is the premium based on for workers compensation policies? A. The annual revenues of a company B. The annual payroll for all employees C. The rate used for companies in similar industries and size D. The number of $100 payroll units paid to employees in each job classification 25. Part B Medical Payments Coverage under Personal Auto Insurance covers reasonable expenses for necessary medical and funeral services incurred within how many years from the date of an accident? A. 2 B. 3 C. 4 D. 5 26. In the event an insured has an auto accident and is carrying both a personal auto policy and a personal umbrella, the personal auto policy is A. secondary B. excess C. primary D. reinsurance 27. Flora purchases a new TV from the Bigbux store. Several days later, she turns it on for the first time and it explodes causing bodily injury to Flora. Bigbuxs liability exposure is covered under which part of their CGL? A. Premises B. Contingent liability C. Completed operations D. Products what are the answers for these questions?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!