Property and Casualty Practice PSI Exam Accurate 100%(GRADED A+)

Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - ANSWER Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water main break -Employee pay after a building structure is damaged -Building inspectors fees after a loss -Unit rent when tenant is liable - ANSWER Carpet Cleaning after a water main break All of the following would be considered an insured person under Part A of a personal automobile policy EXCEPT: -Other persons or organizations that use the car to the extent that they share liability with the insured person. -Anyone using the insured's car with the insured's permission or the reasonable belief that they are entitled to do so. -The named insured and members of the insured's family for the ownership, maintenance and use of any auto or trailer. -Other persons or organizations for their liability from an accident involving an auto or trailer used by the insured but owned by that person or organization. - ANSWER Other persons or organizations for their liability from an accident involving an auto or trailer used by the insured but owned by that person or organization. A DP-2 policy covers all of the following EXCEPT: -damage to awnings from weight of snow. -damage to property caused by burglars. -freezing of automatic fire sprinkler systems. -accidental discharge of steam from a plumbing system. - ANSWER damage to awnings from weight and snow An extended reporting period attached to a general liability policy provides coverage in which of the following ways? -It provides coverage for claims made outside the policy term. -It gives an additional 30 days coverage beyond the policy term. -It gives an additional 10 years coverage beyond the policy term. -It covers any gap between the claims-made and occurrence forms. - ANSWER It provides coverage for claims made outside the policy term. Which of the following is an example of risk reduction? -Installing a fire hose system on every floor of a building -Carrying an adequate amount of insurance to cover any loss. -Refusal to work in a building that is not made of brick or concrete -Not purchasing insurance because of a past history of zero claims - ANSWER Installing a fire hose system on every floor of a building Which of the following persons is covered for accidental injury on the insured's premises under the commercial general liability medical payments? -a tenant of the premises -an employee of the insured -person injured in warfare -a volunteer worker - ANSWER a volunteer worker Which Homeowner Form covers fixtures, installations, and improvements made or acquired at the insured's expense? HO-6 HO-5 HO-4 HO-2 - ANSWER HO-4 Which policy condition is invoked when parties to an insured loss cannot agree? -Arbitration -Assignment -Liberalization -Subrogation - ANSWER Arbitration Mobile homes can be insured in all of the following ways EXCEPT: -With a HO-8 Modified Coverage form. -On a separate mobile homeowners package policy. -With a DP-1 if the mobile home is on a foundation. -On a mobile homeowners endorsement to a HO-3 form. - ANSWER With a HO-8 Modified Coverage form. Worke