UT Property & Casualty Insurance Producer Exam (A+ GRADED) UTAH PROPERTY CASUALTY INSURANCE ADJUSTER EXAM 2024 (A+ GRADED) Part 1: Utah Property and Casualty Law Supplement (Well-enlightened) Utah Property and Casualty Insurance Commercial Auto (Accurate answers) Property & Casualty- Workers Compen...
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Absolute Liability correct answers Liability that arises from an extremely dangerous situation. Absolute liability is often found in cases involving explosives. Also known as "strict" liability. For ex you are absolutely liable if you keep a wild animal as a pet. Accident correct answers A sudd...
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Add to cartAbsolute Liability correct answers Liability that arises from an extremely dangerous situation. Absolute liability is often found in cases involving explosives. Also known as "strict" liability. For ex you are absolutely liable if you keep a wild animal as a pet. Accident correct answers A sudd...
Someone who is eligible to become a Consultant if he or she has how many years of related experience? correct answers At least 3 years of experience in the last 4 years What is a fiduciary? correct answers Someone who is trusted with someone else's money What level of education does someone n...
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Add to cartSomeone who is eligible to become a Consultant if he or she has how many years of related experience? correct answers At least 3 years of experience in the last 4 years What is a fiduciary? correct answers Someone who is trusted with someone else's money What level of education does someone n...
Abandonment correct answers The abdication of insured property into the hands of another, or into the possession of no one in particular. Absolute Liability correct answers A type of liability that occurs due to extremely dangerous operations, such as the use of explosives or working at extreme h...
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Add to cartAbandonment correct answers The abdication of insured property into the hands of another, or into the possession of no one in particular. Absolute Liability correct answers A type of liability that occurs due to extremely dangerous operations, such as the use of explosives or working at extreme h...
Department of Insurance Regulations: 5 years correct answers Examination of insurers 30 days correct answers Approval period for policy rates Licensing and Appointment Requirements: correct answers 18 years correct answers Minimum age to apply for a producer license 2 years correct ...
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Add to cartDepartment of Insurance Regulations: 5 years correct answers Examination of insurers 30 days correct answers Approval period for policy rates Licensing and Appointment Requirements: correct answers 18 years correct answers Minimum age to apply for a producer license 2 years correct ...
A - UTAH: A person applying for an adjuster's license in Utah must (BSPEBS): correct answers * Be at least 18 years old * SSN * Personal History * Experience * Business Record * Submit a non-refundable fee B - UTAH: A non-resident agent (a new agent) moving into Utah must apply within _____...
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Add to cartA - UTAH: A person applying for an adjuster's license in Utah must (BSPEBS): correct answers * Be at least 18 years old * SSN * Personal History * Experience * Business Record * Submit a non-refundable fee B - UTAH: A non-resident agent (a new agent) moving into Utah must apply within _____...
The abdication of insured property into the hands of another, or into the possession of no one in particular. correct answers Abandonment A type of liability that occurs due to extremely dangerous operations, such as the use of explosives or working at extreme heights. correct answers Absolute ...
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Add to cartThe abdication of insured property into the hands of another, or into the possession of no one in particular. correct answers Abandonment A type of liability that occurs due to extremely dangerous operations, such as the use of explosives or working at extreme heights. correct answers Absolute ...
The powers of the Insurance Commissioner include all of the following EXCEPT: A) making insurance laws. B) conducting hearings. C) conducting examinations of insurers and individuals. D) issuing certificates of authority and licenses. correct answers Answer: A The state legislature is...
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Add to cartThe powers of the Insurance Commissioner include all of the following EXCEPT: A) making insurance laws. B) conducting hearings. C) conducting examinations of insurers and individuals. D) issuing certificates of authority and licenses. correct answers Answer: A The state legislature is...
Which of the following is a property policy with a provision agreed upon by the insurer and insured as to the amount of insurance that represents a fair valuation for the property at the time the insurance is written and suspends any coinsurance or other contribution clauses in the policy? a) Market...
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Add to cartWhich of the following is a property policy with a provision agreed upon by the insurer and insured as to the amount of insurance that represents a fair valuation for the property at the time the insurance is written and suspends any coinsurance or other contribution clauses in the policy? a) Market...
What are the requirements to get a Utah Insurance License? correct answers At least 18 years old; pass the exam; pay fees; get finger printed and pass a background check; be competent and trustworthy. If an individual that lives in another state has a producer license in that state, what license ...
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Add to cartWhat are the requirements to get a Utah Insurance License? correct answers At least 18 years old; pass the exam; pay fees; get finger printed and pass a background check; be competent and trustworthy. If an individual that lives in another state has a producer license in that state, what license ...
5 coverage forms used for Commercial Auto Insurance correct answers Business Auto Coverage Form, Business Auto Physical Damage Coverage Form, Garage Coverage Form, Truckers Coverage Form, Motor Carrier Coverage Form What symbols are used in Business Auto Coverage Form? correct answers 1=Any Auto,...
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Add to cart5 coverage forms used for Commercial Auto Insurance correct answers Business Auto Coverage Form, Business Auto Physical Damage Coverage Form, Garage Coverage Form, Truckers Coverage Form, Motor Carrier Coverage Form What symbols are used in Business Auto Coverage Form? correct answers 1=Any Auto,...
Each of the following statements is true about workers' compensation insurance in Utah EXCEPT: A) employers are liable for the payment of disability and medical benefits to every employee who becomes disabled as a result of an occupational disease. B) coverage is mandatory for partners of a pa...
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Add to cartEach of the following statements is true about workers' compensation insurance in Utah EXCEPT: A) employers are liable for the payment of disability and medical benefits to every employee who becomes disabled as a result of an occupational disease. B) coverage is mandatory for partners of a pa...
Under a Businessowners Policy, the policy's terms can be amended or waived only by endorsement issued by correct answers the insurer and made a part of the policy. All of the following are Valuable Papers and Records EXCEPT A. manuscripts, records, or abstracts. B. inscribed, printed, or wri...
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Add to cartUnder a Businessowners Policy, the policy's terms can be amended or waived only by endorsement issued by correct answers the insurer and made a part of the policy. All of the following are Valuable Papers and Records EXCEPT A. manuscripts, records, or abstracts. B. inscribed, printed, or wri...
If a nonresident applies for a Utah insurance license, the commissioner shall waive the license requirements for a license and issue the person a nonresident license if the nonresident applicant has met certain requirements. These requirements include all of the following EXCEPT correct answers Has ...
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Add to cartIf a nonresident applies for a Utah insurance license, the commissioner shall waive the license requirements for a license and issue the person a nonresident license if the nonresident applicant has met certain requirements. These requirements include all of the following EXCEPT correct answers Has ...
Follow Servant Rule correct answers If employee caused the injury then the employer was held harmless. Contribution Negligence correct answers If the injured employee was even partially responsible for injury, the employer was held harmless. Assumption of Risk correct answers If the employee k...
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Add to cartFollow Servant Rule correct answers If employee caused the injury then the employer was held harmless. Contribution Negligence correct answers If the injured employee was even partially responsible for injury, the employer was held harmless. Assumption of Risk correct answers If the employee k...
Coverage under a comprehensive PL Policy or Homeowners Section II extends: A) To the premises described and to the personal activites of the insured on or off of the premises B) Only to the premises described in the policy C) Only to the personal activities of the insured D) To the premises desc...
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Add to cartCoverage under a comprehensive PL Policy or Homeowners Section II extends: A) To the premises described and to the personal activites of the insured on or off of the premises B) Only to the premises described in the policy C) Only to the personal activities of the insured D) To the premises desc...
Under the additional living expenses coverage, if a civil authority prohibits the insured from using the dwelling because of direct damage to a neighboring location from a peril, loss would be covered up to correct answers 2 weeks Which of the following would be named on the declarations page of ...
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Add to cartUnder the additional living expenses coverage, if a civil authority prohibits the insured from using the dwelling because of direct damage to a neighboring location from a peril, loss would be covered up to correct answers 2 weeks Which of the following would be named on the declarations page of ...
Utah Financial Responsibility of Motor Vehicle Owners and Operations Act correct answers 1. Requires operators of vehicles to carry proof of insurance coverage. 2. Designed to protect the public from losses resulting from a motor vehicle accident. 3. A driver who doesn't carry these requirements ...
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Add to cartUtah Financial Responsibility of Motor Vehicle Owners and Operations Act correct answers 1. Requires operators of vehicles to carry proof of insurance coverage. 2. Designed to protect the public from losses resulting from a motor vehicle accident. 3. A driver who doesn't carry these requirements ...
Basic Perils correct answers Fire, lightning, and internal explosion Extended Perils correct answers WC SHAVVER Windstorm, Civil, Smoke, Hail, Aircraft, Vehicle & Volcano, Explosion (inside & out), Riots. Broad Perils correct answers Buglary, Ice, Glass, accidental release of water, freezing ...
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Add to cartBasic Perils correct answers Fire, lightning, and internal explosion Extended Perils correct answers WC SHAVVER Windstorm, Civil, Smoke, Hail, Aircraft, Vehicle & Volcano, Explosion (inside & out), Riots. Broad Perils correct answers Buglary, Ice, Glass, accidental release of water, freezing ...
An individual purchased her own personal property insurance policy on her newly purchased dream home. This type of insurance coverage that applies to the insured's own property is known as... correct answers First party risk protection The cost of a unit of insurance is known as the... correct a...
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Add to cartAn individual purchased her own personal property insurance policy on her newly purchased dream home. This type of insurance coverage that applies to the insured's own property is known as... correct answers First party risk protection The cost of a unit of insurance is known as the... correct a...
Risk correct answers Chance of loss Insurance correct answers A contract in which one party agrees to indemnify the insured party against loss, damage or liability arising from an unknown event. Pure risk correct answers Chance of loss only Speculative correct answers Chance of loss or gain...
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Add to cartRisk correct answers Chance of loss Insurance correct answers A contract in which one party agrees to indemnify the insured party against loss, damage or liability arising from an unknown event. Pure risk correct answers Chance of loss only Speculative correct answers Chance of loss or gain...
Advertising Injury correct answers Misappropriation of advertising ideas, or infringement of copyright, title or slogan Agency correct answers A legal relationship between two parties: principal and agent Agency System correct answers An insurance distribution system that supports a "middle m...
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Add to cartAdvertising Injury correct answers Misappropriation of advertising ideas, or infringement of copyright, title or slogan Agency correct answers A legal relationship between two parties: principal and agent Agency System correct answers An insurance distribution system that supports a "middle m...
Ad Valorem Tax correct answers A tax levied according to the value of the property Alta or Lender's Policy correct answers The lender's title insurance policy which offers coverage in the amount of the loan which includes a site visit to discover unrecorded encumbrances Assessed Value correc...
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Add to cartAd Valorem Tax correct answers A tax levied according to the value of the property Alta or Lender's Policy correct answers The lender's title insurance policy which offers coverage in the amount of the loan which includes a site visit to discover unrecorded encumbrances Assessed Value correc...
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