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23 questions
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  • Q1

    Endorsements are insurance policy forms that will alter an insurance policy by either adding, deleting, excluding or otherwise amending the original policy. Any changes appended to an insurance policy by an endorsement will take precedent over the original policy.

    true
    false
    True or False
    30s
    NH.PK.IK
  • Q2

    In vendor credentialing we accept an endorsement with a location specified?

    false
    true
    True or False
    30s
    NH.PK.IK
  • Q3

    The insurance does not apply to 'bodily injury' or 'Property damage' arising out of the sole negligence of the additional insured or any employees of the additional insured. Is this verbiage acceptable?

    true
    false
    True or False
    30s
    NH.PK.IK
  • Q4

    A statement on a certificate will confer rights to the certificate holder in lieu of endorsements?

    false
    true
    True or False
    30s
    NH.PK.IK
  • Q5

    A ______________is an endorsement that’s available only in monopolistic states that provides coverage for employers when there is a gap between the state issued coverage and employee injuries.

    Stop Gap endorsement

    Primary and non-contributory

    Waiver of subrogation

    Additional insured endorsement

    30s
    NH.PK.IK
  • Q6

    This endorsement adds a person or organization as an insured party to the policy, provided the primary insured (vendor) has agreed in writing to add these parties to the policy.

    Additional Insured

    Stop Gap

    Primary and non-contributory

    Waiver of subrogation

    30s
    NH.PK.IK
  • Q7

    Being added as an additional insured gives that person rights & benefits such as access to policy limits and defense coverage in the event of a claim?

    true
    false
    True or False
    30s
    NH.PK.IK
  • Q8

    This endorsement covers an insured for property damage and injury that is found (or occurs) once the job has been completed.

    Ongoing operations

    Completed operations

    Waiver of subrogation

    Stop gap

    30s
    NH.PK.IK
  • Q9

    True or False: An endorsement may contain coverage for both ongoing and completed operations or only coverage for one component?

    true
    false
    True or False
    30s
    NH.PK.IK
  • Q10

    This endorsement covers an insured for property damage and injury that occurs while work is still in progress.

    Excess policy

    Cancellation notice

    Completed Operations

    Ongoing  Operations

    300s
    NH.PK.IK
  • Q11

    We track waiver of subrogation status for General Liability, Auto Liability, Excess/Umbrella Liability, and Workers Compensation?

    true
    false
    True or False
    300s
    NH.PK.IK
  • Q12

    This endorsement has 2 parts; The Primary component indicates which insurance policy will respond first in the event of a claim (vendor’s). The Non-contributory component prevents the primary carrier from attempting to seek contribution or shared responsibility when two or more parties are involved. Specifically, it prevents the vendor’s insurance carrier from requiring the  PMC’s carrier to also pay a portion of the claim. What is it called? 

    Waiver of subrogation

    Primary and Non-Contributory

    Completed operations

    Ongoing operations

    300s
    NH.PK.IK
  • Q13

    If I want a person or organization to have the rights & benefits such as access to policy limits and defense coverage in the event of a claim, I must add what to my policy?

    Waiver of subrogation

    Additional insured

    Workers compensation

    Stop gap

    300s
    NH.PK.IK
  • Q14

    Does Vendor Credentialing allow both Blanket and scheduled endorsements?

    true
    false
    True or False
    300s
    NH.PK.IK
  • Q15

    How can we check if Signed by both parties’ verbiage is permitted by the PMC?

    None of the above

    Salesforce

    The Web App

    The PMC's VA has a JPG signature embedded in their VA.

    300s
    NH.PK.IK

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