Florida Insurance Claims Adjuster License Practice Exam

What does Commercial Inland Marine insurance help identify?

1. Risks eligible for life insurance

2. Risks eligible for either ocean or inland marine insurance

3. Commercial property risks only

4. Health and disability risks

The correct answer is: Risks eligible for either ocean or inland marine insurance

Commercial Inland Marine insurance combines aspects of both commercial property and ocean/inland marine insurance. It specifically covers property that is in transit over land or is located at certain job sites. Therefore, options A, C, and D are incorrect as they do not mention coverage for property in transit over land or at job sites. Additionally, option A only refers to life insurance which is not relevant to Commercial Inland Marine insurance, while option D only mentions health and disability risks which are outside the scope of Commercial Inland Marine insurance. Option C is also incorrect as it specifically excludes coverage for property in transit. Option B is the correct answer as it includes both ocean and inland marine insurance which are relevant to Commercial Inland Marine insurance.