PSI Online examination NY Insurance
Property and Casualty Practice test
A. Make amends for real financial losses - ANSPunitive damages are supposed to do all the
following except?
A. Catch up on real economic losses.
B. Discourage others from doing incorrect.
C. Subject the insured.
D. Make an example of terrible behavior
d. Vacant way the absence of humans and property - ANSWhich of the subsequent BEST
differentiates the terms vacant as opposed to unoccupied?
A. Vacant approach insured is a way for a period of time
b. Vacant method the absence of human beings
c. Unoccupied way absence of people and assets
d. Vacant method the absence of humans and assets
c. Named perils - ANSWhich of the subsequent types of coverage BEST describes the DP-2
vast shape policy?
A. All chance
b. Improved
c. Named perils
d. Open perils
c. Premises and operations - ANSWhich of the subsequent commercial enterprise liability
publicity does a slip and fall loss fall underneath?
A. Oblique and contingent
b. Clinical fees
c. Premises and operations
d. Retail hazards
b. Oblique loss - ANSWhich of the subsequent defines a loss that is consequential and springs
due to an authentic loss?
A. Direct loss
b. Indirect loss
c. Partial loss
d. General loss
, b. Organisation has the option to restore to pre-loss circumstance - ANSWhich of the following
conditions beneath dwelling coverage situations describe how the insurance business
enterprise will settle a loss?
A. Pay the entire price of a couple of earrings whilst best one is lost
b. Business enterprise has the choice to restore to pre-loss circumstance
c. If loss is included by using other coverage the alternative coverage pays complete loss
d. Assets is changed by using organization at full substitute price at loss
c. Insuring your pal's vehicle - ANSAll of the following are examples of insurable interest
besides?
A. Insuring your house
b. Insuring pricey jewelry
c. Insuring your buddy's vehicle
d. Insuring commercial enterprise assets you very own
c. Listing the nation at the facts page for different states' coverage - ANSWhen an enterprise
sends personnel out of kingdom on work related commercial enterprise, which of the
subsequent have to he do to make certain the precise workers' compensation insurance?
A. Buy a separate policy for the country in query
b. Listing the names of the employees sent out of nation
c. List the nation on the facts web page for different states' coverage
d. Document the work to the insurance company as quickly as it's far finished
b. HO-4 - ANSWhich home owner shape covers fixtures, installations, and enhancements made
or received at the insured's expense?
A. HO-6
b. HO-four
c. HO-three
d. HO-2
c. Loss because of crime - ANSWhich of the following could be blanketed with the aid of a
industrial package coverage?
A. Small to medium sized corporations
b. Ocean marine
c. Loss because of crime
d. Harm to worker at the task
d. Warranties - ANSWhich of the subsequent are defined as part of the coverage and might void
the coverage if they're breached, whether or not the breach became intentional or accidental?
A. Material information
b. Representations
c. Waivers
d. Warranties
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