Arkansas Insurance Adjuster Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Arkansas Insurance Adjuster Exam with flashcards and multiple choice questions, each offering hints and explanations. Equip yourself for your test confidently!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

How much out-of-pocket expense will XYZ Furniture incur after the court's ruling, considering their CGL limits and court costs?

$70,000
$10,000
$0
$85,000

The correct answer is: $0

Based on the information given, XYZ Furniture will not incur any out-of-pocket expense after the court's ruling. This is because their CGL (Commercial General Liability) limits will cover the costs and the court costs will not exceed the limits. Option A is incorrect because it is a higher amount than their CGL limits and therefore would result in out-of-pocket expense for XYZ Furniture. Option B is incorrect because it is a lower amount than the CGL limits, but it is still not zero. Option D is incorrect because although it is close to the CGL limits, it would still result in some out-of-pocket expense for XYZ Furniture.