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- Mohammad is the named insured and borrows Ahmad’s car with his permission. Mohammad has $100,000 of liability insurance and Ahmad has a $150,000 limit. Both policies will cover any loss. Mohammad negligently injures another motorist and must pay damages of $200,000.
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Date / 11 /18Time:6:30- 8:00 pmTotal Mark:10Student’s Name Student’s IDCourse NameRisk Management and InsuranceCourse CodeBAF 311SemesterFall 2018-2019Instructor’s NameDr Anas Al-Qudah Questions123TotalPoint2.552.510Student Mark Note: This Assignment accounts for 10% of the student’s final grade. Question1 (2 * 0.5 = 1 Mark) Define the following: Single limit Split limit: What are the meanings of the following split limits? (0.5*3= 1.5 Marks) 500/1000/250: 250/300/75 100/200/0 Question 2 (2.5 * 2 = 5 marks) Calculate the liabilities coverage in the following cases: Mohammad is the named insured and borrows Ahmad’s car with his permission. Mohammad has $100,000 of liability insurance and Ahmad has a $150,000 limit. Both policies will cover any loss. Mohammad negligently injures another motorist and must pay damages of $200,000. Mohammad is the named insured and borrows Ahmad’s car without his permission. Mohammad has $100,000 of liability insurance and Ahmad has a $150,000 limit. Mohammad negligently injures another motorist and must pay damages of $200,000. Question 3 (2.5 marks) What are the Medical Payments Exclusions (6 * 0.25 = 1.5 Marks) What are the certain duties that required form the insured after an accident directly? (4 * 0.25 = 1…
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