IDAHO PROPERTY AND CASUALTY EXAM PREP 2023/2024 GRADED A+. 1. Which of the following statements is false with respect to requirements for rates? A) Rates may not be inadequate B) A purpose of the rate regulation is to diminish competition between insurers C) Rates may not be unfairly discriminatory...
Idaho Property & Casualty Exam Prep
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IDAHO PROPERTY AND CASUALTY EXAM PREP
2023/2024 GRADED A+
,IDAHO PROPERTY AND CASUALTY EXAM PREP 2023/2024
GRADED A+
,IDAHO PROPERTY AND CASUALTY EXAM PREP 2023/2024
GRADED A+
1. Which of the following statements is false with respect to requirements for
rates?
A) Rates may not be inadequate
B) A purpose of the rate regulation is to diminish competition between insur-
ers
C) Rates may not be unfairly discriminatory
D) A purpose of the rate regulation is to regulate cooperative action among
insurers: B
2. The Businessowners Coverage Form to the Businessowners Policy
provides coverage on which of the following basis?
A) Modified Perils
B) Simplified Perils
C) Broad Perils
, IDAHO PROPERTY AND CASUALTY EXAM PREP 2023/2024
GRADED A+
D) Open Perils: D
3. Which of the following describes the coverage of the Extra Expense
Coverage Form?
A
It covers the loss of business income during the period of restoration
B
It covers the expense of disposing of spoiled merchandise caused by a power
outage
C
It covers the necessary additional expenses incurred during the period of
restoration which would not otherwise have been incurred in the absence of
a direct loss
D
It covers the expense of removing the debris of a covered direct loss: C
4. All of the following are true of negligence, except:
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