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Personal Lines Broker-Agent Exam Questions And Answers With Verified Solutions Already Passed!!!
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Personal Lines Broker-Agent Exam Questions And Answers With Verified Solutions Already Passed!!!
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Personal Lines Broker-Agent ExamQuestions And Answers With Verified
Solutions Already Passed!!!
What do we call the process whereby insurers decide which customer to insure and
what coverage to offer? - ANSWERS✔✔Underwriting
The insured can do all of the following by adding an Other Structures-Increased
limits endorsement to the homeowners policy EXCEPT? - ANSWERS✔✔Raise
the coverage limit on one structure and delete coverage for others.
The National Flood Insurance Program... - ANSWERS✔✔May only be written by
communities participating in the program.
Internet advertisements made by an agent or broker licensed in CA must provide
all of the following information EXCEPT? - ANSWERS✔✔Expiration date of the
license
Which item of real property under HO-3 are valued on an actual cash value basis? -
ANSWERS✔✔Built-in appliances
Why would a boat owner insured with an HO-3 policy want to buy a Boatowners
policy? - ANSWERS✔✔All true. To obtain liability, protection from uninsured
boaters while out on the water, increase hull coverage on his boat because the
homeowners policy coverage is extremely limited.
Which causes of loss for provides the broadest coverage? - ANSWERS✔✔Special
form
, The system that makes automobile bodily injury and property damage liability
insurance available to applicants who are unable to obtain coverage... -
ANSWERS✔✔CAARP
One purpose of California automobile assigned risk plan - ANSWERS✔✔To make
automobile insurance available to residents of the state
Which of the following losses would be covered under the personal auto policy
other than collision coverage - ANSWERS✔✔Someone shoots the rear car
window out while the insured's car is parked in the street overnight
An umbrella policy provides? - ANSWERS✔✔Broad excess liability coverage
over one or more primary policies
Which of the following major sections of a policy are represented by the letters of
DICE - ANSWERS✔✔Declarations, insuring agreement, conditions, exclusions
An intentional omission of a material fact on the part of an insured that entitles the
insurer to rescind the contract is? - ANSWERS✔✔Fraudulent concealment
Making an insured whole by restoring them to the same condition as before a loss
is an example of? - ANSWERS✔✔The principle of indemnity
What is the difference between the per accident limit in a split limits policy and the
single limits? - ANSWERS✔✔The per accident limit applies to all claims and the
single limits applies only to bodily injuries.
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