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TSI Practice test 2 Exam Questions and answers
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TSI Practice test 2 Exam Questions and answers
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TSI Practice test 2 Exam Questionsand answers
Resident Producer License good for? - -2 years
-A business income policy protects a business in the event of a loss from
what? - -loss of earnings
-The insurer paying out a claim fulfills which portion of a contract? - -
consideration
-Inherent Vice - -an item is already broken or has a material defect from the
manufacturer.
-Personal Injury under a commercial general liability policy will include which
coverage? - -Contractual Liability
-A nationwide marine policy will not cover? - -furniture and fixtures
-Gramm-Leach-Bliley Act - -to ensure uniform privacy procedures when
handling consumer data
-Morale Hazard - -careless or negligent person
-Extra Expense is a portion of which type of business policy? - -business
income
-Uninsured Motorist - -protection against hit-and-run drivers or drivers
without insurance money to pay claims
-Arbitration is: - -mediation
-The uncertainty of loss is known as: - -risk
-parties of a bond are known as: - -principal, obligee,surety. the principal is
the purchasor,the surety is the insurance company and the obligee is who
the guarantee is made to.
-representation - -a statement believed to be true to the best of one's
knowledge
-The business policy that provides for coverage of wrongful termination and
sexual discrimination is known as: - -employment practices liability
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