Other Federal Regulation (UT)

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Question 1 of 11

1. Question

Damage caused by floods can be covered by

the special form homeowners policy.

a commercial property insurance policy.

the National Catastrophic Loss Indemnity Program (NCLIP)

the National Flood Insurance Program (NFIP).

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Question 2 of 11

2. Question

Which of the following is NOT one of the three flood insurance policy coverage forms?

dwelling policy form

homeowner policy form

residential condominium building association policy (RCBAP)

general property policy form

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Question 3 of 11

3. Question

Federal flood insurance may be bought directly from the federal government,

or not buy it at all.

or by adding an endorsement to a homeowners policy.

or by adding an endorsement to a commercial property policy.

or from a private insurer as a write your own (WYO) policy.

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Question 4 of 11

4. Question

Which of the following statements is true?

The state insurance department is a backstop or reinsurer for terrorism losses.

The TRIA requires insurance companies to offer the terrorism coverage to all commercial property and casualty insurance customers.

The TRIA requires all commercial property and casualty insurance customers to buy terrorism coverage.

The TRIA requires the federal government to pay for all terrorism losses.

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Question 5 of 11

5. Question

In 2019 Congress extended the TRIA

until December 31, 2029.

until December 31, 2027.

until all terrorists are captured and detained.

indefinitely.

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Question 6 of 11

6. Question

Acts of terrorism must be certified by

the Secretary of the Treasury in consultation with the Attorney General and the Secretary of Homeland Security.

the President in consultation with Congress.

the Senate in consultation with the House of Representatives and Secretary of Defense.

the Supreme Court in consultation with the Secretary of Defense.

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Question 7 of 11

7. Question

What is the name of the federal law that set requirements for motor carriers?

Truckers Act of 1989

Motor Carrier Act of 1990

Truckers and Carriers Act of 1976

Motor Carrier Act of 1980

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Question 8 of 11

8. Question

What is the name of the endorsement that truckers must have on their insurance policies?

MCS-90

MCS-80

MCA-70

MCA-90

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Question 9 of 11

9. Question

The mandated coverage amount for carriers of non-hazardous materials is

$500,000.

$750,000.

$1,000,000.

$5,000,000.

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Question 10 of 11

10. Question

The mandated coverage amount for carriers of oil and some other hazardous materials is

$500,000.

$750,000.

$1,000,000.

$5,000,000.

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Question 11 of 11

11. Question

The mandated coverage amount for carriers of extremely hazardous materials, such as gasoline, explosives and radioactive material is

$500,000.

$750,000.

$1,000,000.

$5,000,000.

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Other Federal Regulation (UT)

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