a. All of the answers are correct 
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| b. Personal Property Floater Risks and Commercial Property Floater Risks | ||
| c. Instrumentalities of Transportation or Communication | ||
| d. Imports, Exports and Domestic Shipments |
Based on the answer to the question above: 1) the Nationwide Definition definition on p. 161 is the definiton of Inland Marine Insurance and 2) Inland Marine Insurance includes Ocean Marine Insurance.
Please confirm that this is correct.
Thanks,
Bryan
These are two separate types of insurance. Inland Marine -to cover over land risks, Ocean Marine,to cover over sea. I think the question is worded incorrectly. They should have asked "which of the following is one of the six categories of risks listed in the Nationwid Definition for Marine insurance."
The six categories in this question are all categories in the Nationwide Definition. These categories include: Ocean Marine (imports and exports); Inland Marine (Personal Property Floaters); and Commercial Inland Marine (the remaining three categories).
The Nationwide Definition simply lists the categories of Marine Insurance. It is not a definition of the types of insurance. - Jan
It look like the question should have been
"Which of the following is one of the six categories of risks in the Nationwide Definition of Marine Insurance?"
please correct me if I am wrong.