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PSI- Personal Lines Insurance Questions and Answers Fully Solved
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PSI- Personal Lines Insurance
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PSI- Personal Lines InsuranceAll of the following are reasons a company would decide to self-insure EXCEPT -
answerthe company cannot afford to insure its risks.
All of the following are correct for excess lines carriers EXCEPT - answerthey offer
better contracts at lower rates.
Forgery or alteration coverage pays for losses from forgery or alteration of all the
following EXCEPT - answerinstruments made by or drawn upon an employee's account.
The Terrorism Risk Insurance Act and the National Flood Insurance Program are similar
by providing which of the following? - answersubsidies, loss sharing or excess coverage
The Fair Credit Reporting Act permits consumer reporting agencies to include applicant
information about bankruptcies MORE than 10 years old under which of the following
circumstances? - answerThe applicant is seeking a transaction greater than $150,000.
Which of the following ways did the Violent Crime Control and Law Enforcement Act
expand federal laws? - answerIt prohibited anyone in insurance convicted on a state or
federal felony involving dishonesty or breach of trust without a consent waiver from the
Commissioner.
How many business days does a business have to honor a requested email opt-out
according to the 2003 CAN-SPAM Act - answer10
The Gramm-Leach-Bliley Act was enacted to protect consumer's right to privacy and
made mandatory which of the following? - answerfinancial institutions must have a
privacy policy in place
Which of the following is TRUE when the insured's limits of insurance apply per
occurrence? - answerCoverage is triggered for smoke damage to siding caused by
repeated acts by insured's neighbor.
All of the following are TRUE regarding identity theft EXCEPT - answerAll of the
following are TRUE regarding identity theft EXCEPT
The following is true regarding deductibles EXCEPT - answerthe benefit can exceed the
policy limitations when the deductible is paid.
A property damage liability policy would offer protection for which of the following
losses? - answerDamages done to a gas station due to insured's parking collision.
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