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Exam (elaborations)

Nevada Insurance Exam Practice Correct Questions and Answers

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  • Course
  • Nevada Insurance
  • Institution
  • Nevada Insurance

Which of the following is NOT the consideration in a policy? A) The application given to a prospective insured B) Something of value exchanged between parties C) The premium amount paid at the time of application D) The promise to pay covered losses - ANSWER-A) The application given t...

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  • August 3, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Nevada Insurance
  • Nevada Insurance
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IMORA
Nevada Insurance Exam Practice Correct
Questions and Answers


Which of the following is NOT the consideration in a policy?

A) The application given to a prospective insured

B) Something of value exchanged between parties

C) The premium amount paid at the time of application

D) The promise to pay covered losses - ANSWER-A) The application given to a
prospective insured

Consideration is something of value that is transferred between the two parties to form a
legal contract.

In the personal auto policy, owned trailers being towed by an insured auto are
automatically covered for...

A)Collision coverage

B)Uninsured motorist coverage

C)Towing coverage

D)Comprehensive (other-than-collision) coverage. - ANSWER-B) Uninsured motorist
coverage

Trailers, while being towed by an insured auto, are covered automatically for bodily
injury (BI), property damaged (PD), and uninsured motorist (U/M) under part A of a
personal auto policy

Which of the following types of property would be covered in homeowners' coverage
forms?

A) Structures rented to others who are not tenants of the dwelling
B) Animals, birds, or fish
C) Landlord furnishings in an on-premises apartment
D) Structures used for business purposes - ANSWER-C) Landlord furnishings in an on-
premises apartment

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