Arkansas Insurance Adjuster Practice Exam

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Question: 1 / 400

Under the Earthquake and Volcanic Eruption endorsement in a commercial property policy, what is the time span within which multiple events are considered a 'single occurrence'?

120 hours (5 days)

The correct answer is A 120 hours (5 days). This means that if multiple earthquake or volcanic eruption events occur within a 120-hour time span, they will be considered as a single occurrence for the purpose of coverage under the endorsement. This is important to note as it determines how many separate deductibles or limits may apply.

Option B is incorrect because 24 hours is too short of a time span to accurately assess the impact and damages caused by multiple events.

Option C is incorrect because 168 hours is too long of a time span and would likely result in multiple occurrences being combined into a single event, potentially causing confusion and disputes during the claims process.

Option D is incorrect because 72 hours is also too short of a time span and does not allow for enough time to thoroughly evaluate the impact and damages caused by multiple events.

Get further explanation with Examzify DeepDiveBeta

24 hours (1 day)

168 hours (7 days)

72 hours (3 days)

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