IC Assessment 1

This will assess your current knowledge base on the Inland Marine line of business. If the question comes with a hint, please select as this is a screen shot that will help assist in answering the question.

Untitled section

Match item with the screen it is found on.

  • IRPM Credit/Debit
    Declarations Information
  • Select Coverages to be added
    Location Information
  • Enter Rates
    Item Screen
  • ML6023
    Endorsement Form Control

A policy has Scheduled Equipment and Miscellaneous Tools coverage on the policy. The per tool limit for Miscellaneous Tools is $500. A request is received to add a $525 jig saw S#1253458631. What coverage would it be added to?

  • Scheduled Equipment
  • Miscellaneous Tools

Type 2 is used for named perils.

  • True or False

Fill in the blank

A rate of $1.50 would be entered as .

Fill in the blank

The IM7903 is added on the screen.

Match the form with the description

  • IM7903
    Schedule
  • IM7514
    Schedule of Coverages Mobile Equipment Floater
  • IM7456
    Schedule of Coverages - Motor Truck Cargo Legal Liab Coverage
  • IM7030
    Equipment Schedule Contractors' Equipment
  • IM7056
    Schedule of Coverages Builders' Risk

Sign coverage is not a filed rate.

  • True or False

A policy has Scheduled Equipment and Miscellaneous Tools coverage on the policy. The per tool limit for Miscellaneous Tools is $500. A request is received to add a $400 jig saw S#1253458631. What coverage would it be added to?

  • Scheduled Equipment
  • Miscellaneous Tools

Inland Marine rates are charged per 1,000 of coverage.

  • True or False

Mortgagees can be added to a policy if there is Builders Risk coverage.

  • True or False