Supplemental payments are often needed immediately following a loss. Are supplemental payments in addition to the policy limits for CGL and business auto policies, or are the payments included in the limits available?

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The topics covered on the Property & Casualty Insurance Exam depend on the specific state board in the United States. Below are some probable categories for this exam. Types of Policies, which includes limited-pay, single-premium life, and ordinary whole life. Parts of a Policy, which includes declarations, agreements, conditions, and exclusions. Policy Riders and Provisions, which includes waiver of premium, accidental death dismemberment, insurance clause, owner’s rights, and payor benefits. Completing the Application, which includes underwriting, warranties, replacement, insurable... Show more

Supplemental payments are often needed immediately following a loss.  Are supplemental payments in addition to the policy limits for CGL and business auto policies, or are the payments included in the limits available?