Exam (elaborations)

South Carolina Property and Casualty Insurance Exam Questions With Solutions 100% Correct

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South Carolina Property And Casualty Insurance

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South Carolina Property And Casualty Insurance

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Uploaded on October 7, 2024
Number of pages 31
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

south carolina property and casualty insurance
exam questions with solutions 100 correct

Institution South Carolina Property And Casualty Insurance
Course South Carolina Property And Casualty Insurance

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South Carolina Property and Casualty
Insurance Exam Questions With Solutions
100% Correct

Who is an insurance producer? Any person licensed to sell, solicit or negotiate insurance

Employee fidelity may be written in all the following ways EXCEPT Location schedule

Section 1 of boatowners policy covers Physical Damage

Which type of losses are covered by the South Carolina Wind and Hail Underwriting

Association? Both Direct and Indirect losses

Before granting a Certificate of Authority to a company, the Director must be satisfied by proper

evidence that all of the following are true EXCEPT The insurer does not have a

Certificate of Authority in any other state

Erroneous Publishing copied all the material from Angels Inc.'s book. The only changes made by

Erroneous were to rename the title and chapters, put a different cover on it, and distribute it as its

own. Angels Inc. files a claim against Erroneous and seeks damages. Will a commercial general

, South Carolina Property and Casualty
Insurance Exam Questions With Solutions
100% Correct
liability policy cover the claim? No, because the claim results from copyright

infringement and is not in an advertisement

When the insured's car was totaled in a recent accident, the ownership of the car was transferred

to the insurer. The insurer then sold off the wrecked car to recover some of the loss it paid to the

insured. What is the term for this action? Salvage

The reduction, decrease, or disappearance of value of the person or property insured in a policy

by a peril insured against is known as loss

A plasterer has finished a job. What kind of liability coverage would protect him if the plaster

falls and hurts someone because he did not do the job correctly? Completed operations

Which employee fidelity bond pays no more than its limit of liability for each separate

occurrence no matter that several separately identifiable employees were involved in a single

loss? commercial blanket position

, South Carolina Property and Casualty
Insurance Exam Questions With Solutions
100% Correct
If an employee consumes alcohol, becomes intoxicated, and is injured at work, he/she is

__________. Not covered if the consumption of alcohol is proven to have caused the

injury

Under Coverage C of a farm policy, what is the limit payable on business property located away

from the premises? $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? 5 days

What is the purpose of the government crime coverage form? 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?

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? 60 days

, South Carolina Property and Casualty
Insurance Exam Questions With Solutions
100% Correct

Which of the following is true of dwelling policy coverage? Exclusion apply to all three

policy forms

The individual named insured endorsement under a commercial auto policy provides coverage

for which of the following? 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 _____________.

Loss sustained form

What type of coverage protects the insured in an accident caused by a driver with insufficient

coverage? Underinsured Motorist

In which of the following sections of a commercial auto policy will you find specific information

about the policy period? Conditions

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Exam (elaborations)

South Carolina Property and Casualty Insurance Exam Questions With Solutions 100% Correct

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