Exam (elaborations)
LA Personal Lines Questions with Accurate Answers
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Exam of 7 pages for the course Personal lines insurance at Personal lines insurance (LA Personal Lines)
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LA Personal LinesWhich type of coverage limits apply to an insured's property at any location? - answer
Blanket
An unforeseen loss that occurs at a specific time and place is - answer an accident
In general practice, can the Commissioner of Insurance inspect the business records of
a company or agency for any valid reason? - answerYes, because of the powers
defined by state laws
Mutual companies are owned by which of the following? - answer Policyowners
Any of the following may be an unfair claims practice EXCEPT: - answerRefusing to pay
person bringing false or fraudulent claims
An HO-4 can be issued by which of the following? - answerA non-owner tenant of an
apartment.
Damage caused by more than one peril at the same time is - answera concurrent
causation
The broad theft coverage endorsement on a dwelling policy includes coverage for all of
the following EXCEPT: - answera personal injury
All of the following would be covered under Coverage A of a dwelling policy EXCEPT -
answeran outbuilding on the described remises that is rented as a private garage.
Under a homeowners policy, which of the following is NOT covered by personal injury
coverage? - answerMedical expenses of the insured.
Which is NOT covered other-than-collison coverage on an automobile policy? -
answerRollover
According to the law of agency, which of the following is considered the principal? -
answerthe Insurer
A subrogation clause allows an insurer to - answertake legal action against the
responsible third party
PRIMARY purpose of the Fair Credit Reporting Act is to - answerprotect consumers
with guidelines regarding credit reporting and distribution
, Under automobile medical payments, the Insurer pays reasonable expenses for -
answerFuneral services
Under uninsured motorist coverage, which of the following does NOT cover the insured
for bodily injury as a result of an accident - answerAn accident caused by the insured.
A homeowner wishes to purchase coverage for a home built in 1850. The home was
constructed with hand-carven crown molding banisters. The main customer? -
answerHO-8
In the event of a loss, the dwelling fire policy "Other Insurance" condition specifies that -
answerthe entire loss will be paid
Underinsured motorist coverage ONLY applies when the - answerdriver of the vehicle
that caused the accident has insufficient liability limits that are lower than the
underinsured motorist coverage on the non-negligent driver.
Before receiving an insurance license, an applicant must - answerpay a license an
application fee to the Louisiana Department of Insurance
Which of the following would be covered under the uninsured motorists section of a
personal automobile policy? - answerA hit-and-run driver strikes an insured vehicle
injuring a passenger in the vehicle.
What coverage part in a homeowners policy includes building materials on the premises
used to repair the covered property? - answerdwelling
There are several duties an insured must perform to comply with the conditions section
of their insurance policy following a loss. One such duty would be? - answercooperate
with the insurer fully
Difference in conditions policies are usually written on - answerlarge risks with a
reinsurance requirement
Which of the following illustrates the concept of negligence? - answerA driver of a car
carelessly damages another car.
The type of construction that uses materials that can withstand fire for at least 2 hours -
answerfire-resistive
Which of the following would NOT be covered by a personal automative liability policy? -
answera borrowed car
a motorcycle
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