Arkansas Insurance Adjuster Practice Exam

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Question: 1 / 400

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

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.

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$85,000

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