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NEWEST SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE EXAM / ACTUAL SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE EXAM LATEST COMPLETE REAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (APPROVED SOLUTIONS) A NEW UPDATED VERSION |ALREADY GRADED A$18.49
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NEWEST SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE EXAM / ACTUAL SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE EXAM LATEST COMPLETE REAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (APPROVED SOLUTIONS) A NEW UPDATED VERSION |ALREADY GRADED A
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Course
SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE
Institution
SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE
NEWEST SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE EXAM / ACTUAL SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE EXAM LATEST COMPLETE REAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (APPROVED SOLUTIONS) A NEW UPDATED VERSION |ALREADY GRADED A+ (FULL REVISED EXAM)
NEWEST SOUTH CAROLINA PROPERTY AND CASUALTY
INSURANCE EXAM / ACTUAL SOUTH CAROLINA PROPERTY AND
CASUALTY INSURANCE EXAM LATEST 2024-2025 COMPLETE REAL
EXAM QUESTIONS AND CORRECT DETAILED ANSWERS
(APPROVED SOLUTIONS) A NEW UPDATED VERSION |ALREADY
GRADED A+ (FULL REVISED EXAM)
Under Coverage C of a farm policy, what is the limit payable on
business property located away from the premises? - Answer-
$500
Within how many days of requesting an investigative consumer
report must an insurer notify the consumer in writing that the
report will be obtained? - Answer-5 days
What is the purpose of the government crime coverage form? -
Answer-To provide crime coverage to those who do not qualify
in the normal market
Which of the following insurance options would be considered
a risk-sharing arrangement? - Answer-Reciprocal
,According to the loss payment condition in HO policies, losses
must be paid within how many days of the insurer receiving
proof of loss? - Answer-60 days
Which of the following is true of dwelling policy coverage? -
Answer-Exclusion apply to all three policy forms
The individual named insured endorsement under a
commercial auto policy provides coverage for which of the
following? - Answer-The sole proprietor of the business and his
or hers family members
The type of crime policy under which coverage is triggered by a
loss that happens during the policy period but is not necessarily
discovered during the policy period is the _____________. -
Answer-Loss sustained form
What type of coverage protects the insured in an accident
caused by a driver with insufficient coverage? - Answer-
Underinsured Motorist
In which of the following sections of a commercial auto policy
will you find specific information about the policy period? -
Answer-Conditions
,Faulty wiring in a home is an example of a _______. - Answer-
Hazard
Which of the following list all the required elements for
establishing a charge of negligence? - Answer-legal duty owed,
standard of care, proximate cause, damages
Which of the following is true regarding the premium
computation for workers compensation insurance? - Answer-a
premium auditor has the right to examine the insured's
compensation records at the end of the policy period to
determine the actual premium basis
Which of the following is NOT the consideration in a policy? -
Answer-The application given to a prospective insured
All are true about the South Carolina Property and Casualty
Insurance Guaranty Association EXCEPT: - Answer-It does not
cover workers compensation claims
, Which of the following statements is INCORRECT with regard to
surplus lines insurance? - Answer-Policies written by a surplus
lines insurer typically contain standard coverages and forms
The risk management technique that is used to prevent a
specific loss by not exposing oneself to that activity is called? -
Answer-Avoidance
In dwelling policies, automatic increase in insurance is
___________. - Answer-Coverage by endorsement
The insured with a homeowners policy has had damage to his
property caused by a volcano. Which of the following is true? -
Answer-All volcanic eruptions within a 72 hour period will be
considered one occurrence
Dwelling coverage includes all of the following EXCEPT: -
Answer-Land on which the dwelling is located
The process an insurer uses to evaluate applications and
determine if a policy should be issued and on what terms,
conditions, and rate is known as? - Answer-Underwriting
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