Name the 5 coverage extensions for the Machine Shield

Brand and Labels -- Explain what it is and give an example

Employee Tools and equipment is normally covered under the Cp-F-113? True or False

Give an employee tool claim example

Give a claim example of Marring and scratching

Coverage for undamaged property covers what?

What type of loss has to happen for dependent coverage to apply?

Give two examples of dependent properties (basic terms)? Give a claim example.

What is the limit for dependent property

Machine Shield - Property off premise covers personal property when it is _________ away from the insured location.

Coverage for personal property in property off premise is extended to where?

Does Federated cover parts for the selling cost or the cost to make them?

Temperature extension brings back coverage for what two(4) things?

Give an example of when the temperature extension is used.

Precious Alloys, and metals
Dies, Mold, and Forms
What is the most Federated will pay?

Precious Alloys, and metals
Dies, Mold, and Forms
Give an example of a type of claim (Theft)

Property In Transit provided coverage for property in transit including ____borne and _____borne

Name a claim example for property in transit?

Name the 4 modifications to the cause of loss form for the machine shield.

PMVE stands for?

Explain how the PMVE breaks out FEDs property limits.

How does the PMVE benefit the insured from a premium stand point?

What type of insured would the PMVE be good for?

Errors and omission Machine Shield
-What are the two limit options for E&O

Give an example of E&O?

In regards to E&O if the defected product causes damage to a customer machine where does the coverage apply?

Patent Infringement give $_____ within the limit.

Patent infringement provides coverage for liability and ________ cost

Name a claim example for Patent Infringement

For product recall and expense coverage -- the insured is responsible to pay two things - name them.

Product recall covers the insured to remake the parts? True or False?

Name 3-4 recall expenses

Damage to work in process is endorsed in what form of coverage?

Explain the premium load year by year for UL

The premium load covers what?

What is the current interest rate for Universal Life? What is the guaranteed rate?

Surrender charge last for how long?

The universal life policy lapses when?

Explain the differences between option 1 and option 2

The loan interest rate is what?

The net interest rate for the loan is?

The interest rate for UL can change how often?

Explain the contestability for a univeral life insurance policy.

What is the limit of insurance required to be elgible for preferred rates?

Know the options for taking a loan versus surrendering the policy

Name the three Riders we are going to be quizzed over?

Brand and Labels includes expenses for what three things