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Exam (elaborations)

LA Personal Lines Questions with Accurate Answers

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  • Course
  • Personal lines insurance
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  • Personal Lines Insurance

Exam of 7 pages for the course Personal lines insurance at Personal lines insurance (LA Personal Lines)

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  • August 8, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Personal lines insurance
  • Personal lines insurance
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julianah420
LA Personal Lines

Which 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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