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EXAM FX-PROPERTY AND CASUALTY EXAM 2024 QUESTIONS AND ANSWERS
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EXAM FX-PROPERTY AND CASUALTY EXAM 2024 QUESTIONS AND ANSWERS
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EXAM FX-PROPERTY AND CASUALTY EXAMAn insurance policy that covers all risks of loss that are not specifically excluded is
an - ANSWERS-open peril policy
Which commercial property form is used to insure buildings while under
construction? - ANSWERS-builders risk
Which of the following is NOT one of the Other Coverages available with the
personal liability supplement? - ANSWERS-bankruptcy
Negligence may be defined as - ANSWERS-failure to use reasonable and prudent
care
Professional liability coverage protects the insured against legal liability resulting
from - ANSWERS-errors and omissions
The businessowners liability coverage form will cover medical expenses incurred
and reported within how many years of the accident date? - ANSWERS-1 year
, Which of the following is NOT a duty of the Department of Insurance? -
ANSWERS-Setting premium rates
An agent offers his client free tickets to a sporting event in exchange for the
purchase of an insurance policy. The agent is guilty of - ANSWERS-rebating
Which of the following information will NOT be found in the common policy
declarations of a commercial package policy? - ANSWERS-insuring agreement
Which policy in HO policies states that insurance applies seperately to each
insured? - ANSWERS-sever-ability of insurance
What is the purpose of NFIP? - ANSWERS-The fill the coverage gap in flood
coverage
When agents are acting within the scope of their contract, their actions will be
assumed to be those of the - ANSWERS-insurer
All of the following are major coverages included in the homeowners policy
except - ANSWERS-loss of income
The businessowners policy (BOP) extension coverage for personal property off
premises is limited to - ANSWERS-$10,000
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